Energy & Oil

Saturday, October 4th 2008 - 21:00 UTC
“Suitcase” airport official contradicts Antonini's version

A former Argentine airport officer who became a model and television star testified in a US court Friday about discovering a suitcase stuffed with nearly $800,000 in cash brought to a Buenos Aires airport from Venezuela.
Friday, October 3rd 2008 - 21:00 UTC
World oil demand at its lowest in 5 years; outlook bearish

The outlook for oil demand is weakening, shifting the sentiment of oil markets from bullish to bearish according to a report from the Saudi Arabia's Arab News daily.
Thursday, October 2nd 2008 - 21:00 UTC
Uruguay/US sign renewable energy memorandum

United States and Uruguay signed Wednesday in Washington a memorandum to advance bilateral cooperation on renewable energy and energy efficiency. The document was signed by Assistant Secretary of State for Western Hemisphere Affairs Thomas A. Shannon and Uruguayan Foreign Affairs Minister Gonzalo Fernández
Wednesday, October 1st 2008 - 21:00 UTC
Ecuador calls on Europe to reform migration policies

Ecuador spoke out against the European Union's policy on migration during the General Assembly's annual high-level debate Tuesday, stressing the need to protect the right of people to move freely.
Wednesday, October 1st 2008 - 21:00 UTC
Europe fines nine oil companies for the “paraffin mafia”

The European Commission fined on Wednesday nine petrochemical companies a total of 676 million Euros for forming a “paraffin mafia” to fix prices and carve up markets for wax.
Wednesday, October 1st 2008 - 21:00 UTC
Brazilian sugar and ethanol coop plans to triple production

Brazil's largest sugar and ethanol cooperative Copersucar said on Wednesday it had become a company and plans to triple its production in the next ten years. Founded in 1959 Copersucar expanded operations and became one of the world's biggest private exporters of sugar and ethanol.
Monday, September 29th 2008 - 21:00 UTC
FOGL prepare to drill south and east of Falklands

Drilling preparatory work is continuing in licenced areas to the South and East of the Falkland Islands announced Falkland Oil and Gas Limited (FOGL) in its interim results for the six months ending June 2008.
Sunday, September 28th 2008 - 21:00 UTC
Brazil announces more oil and gas proven reserves

Brazil's oil and gas government managed corporation Petrobras announced the proven presence of oil in a well south of the Santos Basin, in sandy reservoirs above the salt layer. The discovery confirms the good light oil potential in the shallow water portion of the basin, said Petrobras in a brief release from last Friday.
Sunday, September 28th 2008 - 21:00 UTC
ENAP exploring for coal methane gas in Magallanes

Chile is exploring for methane gas from the abundant coal reserves in the extreme south region of Magallanes, more precisely 80 kilometers to the north of Punta Arenas.
Wednesday, September 24th 2008 - 21:00 UTC
Venezuela anticipates oil sales to China of a million bpd in 2012

China and Venezuela signed on Wednesday in Beijing a wide range of agreements to boost trade, energy cooperation and agriculture and in other fields. The agreements were signed by Chinese Vice Premier Li Kegiang and visiting Venezuelan president Hugo Chavez.