Energy & Oil

• Friday, September 28th 2007 - 21:00 UTC

  UN: oil and gas reserves competition becoming tougher

  

  The emergence of new players in the global market and shifts in the policies of gas and oil producers means that traditional conglomerates from industrialized nations are facing increasing competition in the race to access the world's reserves, revealed the United Nations agency on trade and development issues.

• Wednesday, September 26th 2007 - 21:00 UTC

  Exxon follows Shell and is divesting from South America

  

  Exxon Mobil Corporation seems intent in leaving South America following recent compensation disputes with the Venezuelan government and the decision to sell its Argentine and Uruguayan units, according to some observers in Buenos Aires

• Sunday, September 23rd 2007 - 21:00 UTC

  Lula to push for biofuels in UN climate talks

  

  Brazil's President Luiz Inacio Lula da Silva will promote the country's biofuel initiatives during the United Nation's annual general assembly meeting next week, as part of a broader effort to fight climate change.

• Friday, September 21st 2007 - 21:00 UTC

  US Gulf Coast storm risk pushes oil to record

  

  The price of London Brent oil hit another all-time high Friday on US storm concerns at the end of a record-breaking week which saw New York crude soar beyond 84 dollars per barrel.

• Friday, September 21st 2007 - 21:00 UTC

  Organisations call on EU to abandon plans biofuel target

  

  37 environmental and human rights groups have called upon the Members of the European Parliament to drop support for a 10% mandatory biofuel target during next week's vote on the Thomsen report.

• Wednesday, September 19th 2007 - 21:00 UTC

  Falklands: Rockhopper agrees 50 pct relinquishment on

  

  Rockhopper has agreed its relinquishment pattern in accordance with the standard terms of its licences PL023 and PL024 with the Falkland Islands Government.

• Tuesday, September 18th 2007 - 21:00 UTC

  Fed decision, weather among factors sending oil higher

  

  Oil soared to fresh record highs in New York Tuesday as traders viewed the half-point cut in interest rates by the Federal Reserve as an economic boost that would keep energy demand high.

• Thursday, September 13th 2007 - 21:00 UTC

  Uruguay surveying the Rive Plate for hydrocarbons

  

  In six months time Uruguay will have an idea if there are hydrocarbons in the River Plate Punta del Este basin, and based on this data move into the exploratory phase, announced Wednesday the chairman of the country's government managed oil company Ancap.

• Wednesday, September 12th 2007 - 21:00 UTC

  OECD joins global bio-fuels and “food vs fuel” debate

  

  A report on the impact of bio-fuels suggests that bio-fuels championed for reducing energy reliance, boosting farm revenues and helping fight climate change, may in fact hurt the environment and push up food prices.

• Tuesday, September 11th 2007 - 21:00 UTC

  Opec summit debate a limited production increase in Vienna

  

  World oil prices threatened to hit a new high today ahead of a crunch meeting between the Opec oil-producing states where they will decide on whether to increase production.