Energy & Oil

• Thursday, February 26th 2009 - 23:00 UTC

  UK banks and regulators point fingers to political sector

  

  The chairman of United Kingdom's Financial Services Authority has said its failure to spot the banking crisis in advance was partly due to the style of regulation. A “light touch” approach at the City watchdog had been seen as politically preferred, Lord Turner said.

• Wednesday, February 25th 2009 - 23:00 UTC

  Gibraltar “nothing to fear” from tougher EU controls

  As European Union leaders met over the weekend in Berlin ahead of the G20 summit in April, Gibraltar Chief Minister Peter Caruana has welcomed the call for a tightening of regulatory standards, transparency and co-operation of financial markets on a global basis.

• Wednesday, February 25th 2009 - 20:00 UTC

  Holocaust row bishop Williamson leaves Argentina

  

  A British Catholic bishop embroiled in a row over Holocaust denial has flown out of Argentina days after being told to leave the country.

• Tuesday, February 24th 2009 - 20:00 UTC

  Falkland Oil & Gas concludes sea bed survey at four sites

  

  Falkland Oil and Gas ((FOGL), the oil and gas exploration company with extensive licensed areas to the South and East of the Falkland Islands, said Monday that it has completed the survey program at four areas with the MV Fugro Meridian. The four areas were jointly selected by the operatior BHP Billiton and FOGL.

• Saturday, February 21st 2009 - 20:00 UTC

  Brazilian think tank forecasts second quarter upturn

  

  Brazil has survived the worst of the global financial crisis and could see an upturn as early as the second quarter, the state-funded Institute for Applied Economic Research, or IPEA, said this week.

• Saturday, February 21st 2009 - 20:00 UTC

  Petrobras establishes new oil production record in January

  

  Petrobras average oil and gas production in Brazil during January climbed to 2,219,165 barrels of oil equivalent per day (boe), 4.8% more than a year ago and up 0.7% over December 2008. Oil from domestic fields was 1,922,946 barrels/day, setting a monthly record, 5.3% above the mark set a year earlier and 2.5% more than the December volume.

• Friday, February 20th 2009 - 20:00 UTC

  G-20 summit: Top UK Treasury delegation visits Argentina

  

  A delegation from the British treasury visited this week Argentina to exchange ideas about the coming G-20 summit to be held in London next April when world leaders will attempt to address the global recession and drying up of credit.

• Thursday, February 19th 2009 - 20:00 UTC

  BP suspends all operations with Super Puma choppers

  

  British Petroleum has suspended using Super Puma Bond helicopters for North Sea flights after one of the aircraft carrying 18 people ditched off the Scottish coast. The company said it had decided to temporarily stop using that type of helicopter on flights from Aberdeen “as a precaution” in light of Wednesday's incident.

• Thursday, February 19th 2009 - 20:00 UTC

  Argentine farmers begin four day supply strike

  

  Argentine farmers will halt sales of grains and livestock in a renewed protest against a tax on commodities exports and other government agricultural policies, farm leaders confirmed on Thursday.

• Monday, February 16th 2009 - 20:00 UTC

  Evo Morales in Moscow to sign gas development deal

  

  Evo Morales has become the first Bolivian President to visit Russia, after touching down in Moscow on Sunday. Morales is expected to sign crucial natural gas cooperation agreements and seek aid to combat drugs.
  
  The visit is also viewed as another sign of Russia's increased interest in Latin America.
  
  Morales told reporters on Friday that he would discuss the immediate purchase of helicopters and loans of other aircraft to fight coca production when he visits Russia.