Energy & Oil

Wednesday, June 11th 2008 - 21:00 UTC
Methanex plant in P. Arenas will appeal to coal for electricity

Canada's Methanex plant in the extreme south of Chile is planning to generate electricity from coal thus sparing more natural gas to convert into methanol, announced the company in Punta Arenas.
Wednesday, June 11th 2008 - 21:00 UTC
UK truckers row over pay triggers petrol panic-buying

Crucial talks aimed at averting a strike in the United Kingdom by hundreds of tanker drivers have been held amid signs some drivers are panic-buying petrol. Leaders of the Unite union met officials of two companies working on Shell contracts in a bid to resolve a row over pay.
Monday, June 9th 2008 - 21:00 UTC
G11emphasize energy efficiency rather than increased supply

Energy ministers from the G 8 plus China, India, and South Korea meeting in Japan to address energy prices adopted Sunday a joint declaration calling for more domestic energy efficiency rather than insisting on oil producing countries to increase supply
Monday, June 9th 2008 - 21:00 UTC
OPEC: oil barrel price should be US$ 70; blames speculation

A weak dollar and geopolitical problems are fueling the speculative bubble in oil markets which should be trading at around half the current price of a barrel said on Monday, OPEC President Chakib Khelil.
Monday, June 9th 2008 - 21:00 UTC
Uruguay to make oil potencial presentation in Rome

Uruguay hopes to attract the interest of global oil corporations when it makes a first tentative presentation of recent seismic survey data from its continental shelf next Thursday at the European Association of Geoscientists and Engineers meeting in Rome.
Sunday, June 8th 2008 - 21:00 UTC
Oil crisis dominates Group of Eight meeting in Japan

The energy ministers of the world's leading industrialised nations are meeting in Japan amid fears soaring oil prices could damage the global economy.
Saturday, June 7th 2008 - 21:00 UTC
Oil keeps breaking records: 16 dollars jump in two days

The oil price rebounded on Friday to gain over ten dollars a barrel to almost 139 while US stock prices plummeted following the report of a sharp rise in unemployment. Oil soared after Israel raised the specter of an Israeli military strike on Iran and reports that it could reach 150 US dollars a barrel by July.
Wednesday, June 4th 2008 - 21:00 UTC
Lula defends biofuels and attacks “absurd protectionism”

Brazilian president Lula da Silva said that “over 800 million people every night go to sleep feeling hungry which is an insult to humanity” and blamed the “intolerable protectionism of wealthy countries” that insulate their farming sectors.
Wednesday, June 4th 2008 - 21:00 UTC
Nigeria to name new operator for Shell wells in Ogoniland

Oil fields abandoned by Royal Dutch Shell in Nigeria's Ogoniland in the Niger Delta 15 years ago will be given to another oil company this year, President Umaru Yar'Adua said on Wednesday during a visit to South Africa, according to press reports.
Wednesday, June 4th 2008 - 21:00 UTC
Bolivia says gas supply to neighbors is “guaranteed”

Bolivia said Wednesday that natural gas provision to Brazil and Argentina are guaranteed following this week's nationalization of the Transredes pipeline system which was partly owned by UK's Ashmore and Shell.