Energy & Oil

• Monday, December 15th 2008 - 20:00 UTC

  BHP Billiton oil survey vessel on its way to Falklands

  

  The Falkland Islands are expecting the arrival in mid-January of the brand new Fugro Saltire a survey, construction support and intervention vessel, built earlier this year, which is to carry out seabed surveys for BHP Billiton.

• Thursday, December 11th 2008 - 20:00 UTC

  YPF, Pan American, Petrobras to explore Malvinas basin

  

  Argentina's YPF, Brazil's Petrobras and Pan American Energy signed several agreements for the joint oil and gas exploration offshore in the San Jorge Gulf, the Malvinas basin and along the South Atlantic coastline, according to a report released Wednesday in Buenos Aires.

• Thursday, December 11th 2008 - 20:00 UTC

  US numbers deeper in the red in spite of falling oil prices

  

  The US trade deficit unexpectedly grew in October, despite falling oil prices, according to Commerce Department data released this week. The trade deficit rose to 57.2bn, which was an increase of 1.1% from September's figure.

• Thursday, December 11th 2008 - 20:00 UTC

  Global oil demand forecasted to drop, first time since 1983

  

  Global oil demand will contract this year for the first time since 1983 shrinking by 200.000 barrels per day, with the total revised down to 85.8 million barrels per day according to the monthly report from the International Energy Agency.

• Sunday, December 7th 2008 - 20:00 UTC

  Successful testing of natural gas strike in Chilean Patagonia

  

  Latinamerican oil and gas exploration and production company GeoPark Holdings Limited reported the successful testing of a natural gas well in Magallanes region, extreme south of Chile, with an initial output of 1.300 barrels of oil per day equivalent, boepd.

• Thursday, December 4th 2008 - 20:00 UTC

  Open letter to Argentines from new UK ambassador

  

  The new British ambassador in Argentina presented her credentials on Wednesday to Foreign Affairs minister Jorge Taiana and simultaneously published an open letter in the embassy's site saying how privileged she was to be in Buenos Aires underscoring the many coincidences between UK and Argentina. Her message included an implicit message on Falklands “there are differences of policy and opinion between the UK and Argentina on some important matters”.

• Wednesday, December 3rd 2008 - 20:00 UTC

  UN calls to prepare for disasters caused by climate change

  

  The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) today launched a campaign to raise awareness of the humanitarian implications of climate change, calling for improved disaster preparedness and response measures in countries that suffer most from extreme weather events.

• Wednesday, December 3rd 2008 - 20:00 UTC

  Argentina/Chile commemorate 1978 events in P. Arenas

  

  Argentine president Cristina Fernandez de Kirchner travels on Thursday to Punta Arenas, extreme south of Chile, for the commemoration of the 30th anniversary of the crucial papal intervention which defused a full fledged war between the neighbouring countries.

• Tuesday, December 2nd 2008 - 20:00 UTC

  Uruguay opens the River Plate for oil and gas exploration

  

  Leading oil companies from Brazil, Spain, Russia, UK and United States are participating of the three days “Uruguay Round” collecting data on oil and gas exploration prospects off shore Uruguay in the River Plate.

• Tuesday, December 2nd 2008 - 20:00 UTC

  Oil tumbles to 47 USD; call for Russia & Norway to join OPEC

  

  While oil skidded to its lowest level since May 2005 in New York on Tuesday, the head of OPEC (Organization of Petroleum Exporting Countries) said he hopes oil producing nations like Russia will join the organization, or at least agree to output cuts to help spark a rally in prices.