Energy & Oil

Friday, February 29th 2008 - 21:00 UTC
Argentina plans LNG import by sea to face winter shortage

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

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

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

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

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

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.
Friday, February 22nd 2008 - 21:00 UTC
Bolivian gas test for Argentina/Brazil presidential summit

Argentina may apply pressure on local units of Brazil's government owned Petrobras in a battle to increase its share of Bolivian natural gas supplies and ease potential wintertime shortages, reported on Thursday Buenos Aires daily, Clarin.