Energy & Oil

• Tuesday, February 19th 2008 - 21:00 UTC

  Insufficient gas and brownouts could hit Brazil and Argentina

  Brazil reiterated it does not have the capacity to give up a percentage of the contracted Bolivian gas provision thus helping to improve the Argentine energy situation.

• Monday, February 18th 2008 - 21:00 UTC

  North Falkland 3D seismic data, an invitation for oil rig

  

  Prospects identified from 850 square kilometers of 3D seismic in the North Falkland basin (South Atlantic) could contain 1.9 billion barrels of un-risked recoverable oil, estimated directors of Rockhopper Exploration PLC.

• Friday, February 15th 2008 - 20:00 UTC

  Feb 21 part of YPF shares back under Argentine control

  Spain's Repsol YPF announced Thursday that the sale of 14.9% of its affiliate in Argentina to that country's businessman Enrique Eskenazi will become effective next February 21.

• Friday, February 15th 2008 - 20:00 UTC

  Argentine-Brazilian group after Esso assets in Mercosur

  Argentine group Eurnekian and Brazilian investment fund GP Investimentos have tied up to launch an offer to buy the Latin American Esso downstream assets of Exxon Mobil Corp, said a spokesman for Eurnekian in Buenos Aires.

• Friday, February 15th 2008 - 20:00 UTC

  Lack of Argentine gas forces red numbers on Magallanes region

  

  Magallanes Region economic activity plummeted 22.7% during the last quarter of 2007 which meant the region ended the twelve month period with a surprising negative performance of 11.5%, according to the local chapter of Chile's National Statistics Institute, INE.

• Friday, February 15th 2008 - 20:00 UTC

  Regional presidential summit to address winter gas supply

  

  A presidential summit of Argentina, Brazil and Bolivia leaders is scheduled for next February 23 in Buenos Aires to try and find a solution to the anticipated shortage of Bolivian natural gas supply next winter if as estimated Argentine and Brazilian demand increases over last year's volume.

• Thursday, February 14th 2008 - 20:00 UTC

  Argentina extends energy saving plan & efficiency culture

  

  Argentina's president Cristina Fernandez de Kirchner claimed on Wednesday the government had already saved almost 600 megawatts in electricity as part of the joint Plan for Efficient Energy use.

• Wednesday, February 13th 2008 - 20:00 UTC

  Falklands' Stanley Services celebrates 20th anniversary

  

  A fuel supplier and freight company vital to the development of the Falkland Islands over the last two decades celebrates its twentieth anniversary since inauguration this year.

• Wednesday, February 13th 2008 - 20:00 UTC

  Bolivia admits gas demand growing faster than output

  

  Bolivian vice president Alvaro Garcia Linera ratified Wednesday in Brasilia that his country guarantees the current supply volume of natural gas to Argentina and Brazil, although he cautioned about risks when demand is forecasted to increase next winter.

• Monday, February 11th 2008 - 20:00 UTC

  Exxon conflict: Chavez threatens to cut US oil supply

  Venezuelan President Hugo Chavez threatened to stop sending oil to the United States if Washington continued to attack Venezuela as he said it had done through an Exxon Mobil lawsuit that has frozen the assets of the world's fifth oil exporter.