Energy & Oil

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.
Sunday, November 30th 2008 - 20:00 UTC
OPEC divided over quota compliance and further cuts

OPEC energy ministers decided on Saturday to leave oil production quotas unchanged after talks in the Egyptian capital following falls in the price of oil. OPEC President Chakib Khelil said any such decision would be made at a meeting in Algeria next month.
Saturday, November 29th 2008 - 20:00 UTC
Paraguay pushing for a fairer deal with Brazil on energy

Landlocked Paraguay will make public in Uruguay and Spain, its claims to neighbouring Brazil regarding the energy from South America's largest hydroelectric dam, Itaipú, which it shares with Latinamerica's leading economy.
Thursday, November 27th 2008 - 20:00 UTC
Slumping oil prices deepen rift among OPEC members

Slumping oil prices are beginning to bite into the government budgets of many OPEC members generating different opinions regarding supply and price policies, according to the latest report from an oil energy investment dealer based in Calgary, Canada's oil capital.
Wednesday, November 26th 2008 - 20:00 UTC
Oil Co. completes benthic sampling in South Falkland basin

Borders & Southern has completed its benthic sampling program within its South Falkland Basin licenses offshore the Falkland Islands, according to a report from the London based company released Wednesday.
Monday, November 24th 2008 - 20:00 UTC
North Falkland basin prospects of 4.3 billion barrels

NORTH Falkland Basin oil and gas exploration company Rockhopper Exploration have announced prospects of over four billion barrels of oil and gas.
Monday, November 24th 2008 - 20:00 UTC
Russia to drill for oil in deep Gulf of Mexico Cuban waters

Russian oil companies could soon begin searching for oil in deep Gulf of Mexico waters off Cuba, a top diplomat said just days before Russian President Dmitry Medvedev visits the island.
Friday, November 21st 2008 - 20:00 UTC
Magallanes ten years of growth based on energy projects

In spite of the global recession and the international gloomy atmosphere, Magallanes region in the extreme south of Chile has been forecasted ten years of 6.3% annual average growth speared by investments in energy related projects.
Wednesday, November 19th 2008 - 20:00 UTC
OPEC president says members have lost 700 billion USD

With Deutsche Bank forecasting a barrel of oil at 40 USD in 2009, Opec president Chakib Khelil said members of the cartel have lost about 700 billion US dollars because of falling crude prices.