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Montevideo, March 28th 2024 - 08:55 UTC

Energy & Oil

  • Friday, February 29th 2008 - 21:00 UTC

    Chile preparing for energy rationing: voltage reduced 10%

    Marcelo Tokman, Chile's Energy Minister.

    The specter of energy shortages in Chile reared its head again this week, as the Ministry of Economy released a short-term plan to confront the country's increasingly perilous energy scenario, particularly the prospect of electricity rationing, which the government last instituted in 1998. The order contains 30 points that intend to help Chile's electricity providers to operate responsibly in the coming year.

  • Friday, February 29th 2008 - 21:00 UTC

    Argentina plans LNG import by sea to face winter shortage

    LGN carrier

    Argentina is planning to import, by sea, liquid gas, LNG, in the coming months in an effort to anticipate and contain a repeat of past winters shortages, reports the Friday edition of the Buenos Aires press.

  • Thursday, February 28th 2008 - 21:00 UTC

    Talks for an OPEC gas cartel advancing announces Iran

    Algeria, Iran, Qatar, and Russia are holding consultations on the creation of an OPEC-like gas cartel, with the structure of the organization being the main topic on the agenda, said Iranian Ambassador to Russia Gholmreza Ansari.

  • Wednesday, February 27th 2008 - 21:00 UTC

    “OPEC should not lower output”, with current oil prices

    The Organization of Petroleum Exporting Countries (OPEC) should not interfere with production quotas at its meeting on March 5 if prices remain at their current levels, said Rilwanu Lukman, oil adviser to the President of Nigeria. Oil prices this week hovered in the range of 100 US dollars a barrel.

  • Tuesday, February 26th 2008 - 21:00 UTC

    “Four years of energy crisis” forecasts Lula da Silva

    Pte. Lula da Silva

    Brazilian president Luiz Inacio Lula da Silva forecasted that the current “energy crisis” will extend for “at least another four years” both for Brazil and Argentina since only then, Bolivia will be producing sufficient natural gas to supply domestic and neighboring markets.

  • Monday, February 25th 2008 - 21:00 UTC

    “Uruguay oil round” scheduled for next November

    Next November Uruguay will extend a formal invitation to all those oil companies interested in considering the hydrocarbons potential of the country, based on a battery of data collected during the last few years, according to top officials from the country's government owned petroleum and fuels monopoly Ancap.

  • Monday, February 25th 2008 - 21:00 UTC

    Falklands' oil drilling prospects boosted by Desire Petroleum

    A poscard from the Falklands in the near future?

    Falkland Islands hydrocarbons exploration development and the potential to hire a rig for a minimum six-well drilling program advanced considerably on Monday when Desire Petroleum announced that it had accepted the terms of an offer to farm in to three of the company's eighteen exploration prospects in the North Falkland basin.

  • Sunday, February 24th 2008 - 21:00 UTC

    Britain's Virgin Atlantic in first biofuel flight

    Sir Richard Branson has not revealed what the biofuel is

    The first flight by a commercial airline to be powered partly by biofuel is to take off from London.

  • Sunday, February 24th 2008 - 21:00 UTC

    Regional summit anticipates energy shortage next winter

    Ptes. Lula da Silva, Cristina Fernandez and Evo Morales during the summit

    In spite of the smiles and pictures the Buenos Aires presidential summit of leaders from Argentina, Brazil and Bolivia could not agree on a way out to the energy and distribution situation that threatens the three countries this coming winter and apparently could only be solved in the mid term.

  • Saturday, February 23rd 2008 - 21:00 UTC

    Argentina, Brazil to build joint uranium enrichment plant

    Energy dominated the first of two days of talks between the leaders

    In a declaration spanning energy, transport and space satellite cooperation, Cristina Fernández de Kirchner and visiting Luiz Inácio Lula da Silva of Brazil, instructed their governments to begin negotiations over the next 120 days toward creating the binational commission.