Energy & Oil

• Tuesday, January 5th 2010 - 12:31 UTC

  President Chavez imposes draconian power saving program

  

  Venezuelans have received 2010 with the announcement of an extremely severe power-saving program forcing all shopping malls, bars, restaurants, discos and cinemas to close business several hours a day.

• Sunday, December 27th 2009 - 06:34 UTC

  Dutch dredger operating in Tierra del Fuego bunkers in Falklands

  

  An unusual visitor to the Falkland Islands last week was the Prins der Nederlanden, which anchored in Port William for the second time to receive fuel, reports the local Penguin News.

• Wednesday, December 23rd 2009 - 15:50 UTC

  YPF unveils five year plan to explore for oil and gas in the Falklands basin

  

  Argentina's YPF, the local unit of Spanish oil major Repsol, said on Tuesday it would explore for oil and natural gas in the Falkland/Malvinas Islands basin as part of a five-year exploration program.

• Monday, December 21st 2009 - 13:05 UTC

  Greece on its own: no bail out from the European central bank

  

  Two leading Greek banks, Eurobank and Alphabank, have had their credit ratings downgraded by ratings agency Standard and Poor's while the European Central Bank said there will be no bail out for debt-stricken member states.

• Wednesday, December 16th 2009 - 05:29 UTC

  UK November inflation rose to 1.9%, pushed by fuel prices

  

  Higher petrol prices in the United Kingdom pushed inflation upward for the second month in a row in November, official figures have revealed. The Consumer Prices Index (CPI) rose to 1.9% last month from 1.5% in October, said the Office for National Statistics (ONS).

• Tuesday, December 15th 2009 - 14:20 UTC

  Brazil, Peru plan to build five hydroelectric dams in the Amazon

  

  Brazil expects to reach an accord with Peru by March on a 5 billion US dollars power project to secure energy supplies for both countries, according to Energy minister Edison Lobao. The two governments plan to build five hydroelectric plants in Peru that will produce 6,000 megawatts of electricity

• Tuesday, December 15th 2009 - 08:05 UTC

  Exxon-Mobil buys Texas gas producer for 41 billion US dollars

  

  US oil giant Exxon Mobil is buying natural gas producer XTO Energy in a deal worth 41 billion US dollars. XTO Energy, based in Texas, is an on-shore natural gas producer. The deal includes 10 billion of debt from XTO.

• Saturday, December 12th 2009 - 14:44 UTC

  Falklands’ oil deal with Chile much depends on Sunday’s election

  

  Chile’s opposition presidential candidate Sebastián Piñera is open to discuss the proposal from Falkland Oil and Gas Ltd, FOGL, for Chile’s national oil corporation to explore for oil in Falkland Islands waters, if he wins the elections next Sunday or in the January run off, according to Lower House member Marcelo Forni.

• Friday, December 11th 2009 - 07:40 UTC

  Chile denies any plans to work with FOGL in Falklands’ oil exploration

  

  Chile reaffirmed Thursday that the country’s oil corporation Enap has no plans or prospects of exploring for oil in the Malvinas Islands maritime territory or any form of association with Falkland Oil and Gas Limited.

• Thursday, December 10th 2009 - 13:10 UTC

  Desire Petroleum plans extra well in Falklands and makes £ 20 million share-issue

  

  Desire Petroleum, which is focused on the North Falkland Basin announced Wednesday it is proposing a share issue to raise £20 million to make use of the full potential of its hydrocarbons exploratory drilling season scheduled to begin next February when the “Ocean Guardian” rig arrives.