Energy & Oil

• Monday, January 29th 2007 - 20:00 UTC

  China begins filling its strategic oil reserves

  

  China's first strategic oil reserve base station has begun to be filled in Ningbo, Zhejiang province, according to reports from the country's National Development and Reform Commission (NDRC). This is the latest step in China's efforts to ensure a strategic oil reserve.

• Wednesday, January 24th 2007 - 20:00 UTC

  Desire Petroleum Updates Falkland Islands Activities

  

  Desire Petroleum plc, the oil and gas exploration company wholly focused on the North Falkland basin, today announces an update on its activities.

• Wednesday, January 24th 2007 - 20:00 UTC

  Latinamerica's major threats: lack of energy and Chavez

  

  Lack of energy, Venezuela's president Hugo Chavez and international terrorism are the major threats for Latinamerica concluded Wednesday several experts from the region in the framework of the World Economic Forum meeting in Davos, Switzerland.

• Wednesday, January 24th 2007 - 20:00 UTC

  Chile to face rise in gas; Chile works on reducing gas dependency

  

  Despite promises last year that gas prices would remain stable in coming months, gas supply company Energas announced Tuesday that prices are to increase by an average of 2.7 percent.

• Tuesday, January 23rd 2007 - 20:00 UTC

  Spanish company plans a 1.2 billion pulp mill in Colonia

  Spain's ENCE unveiled this week in Montevideo plans to produce a million tons of cellulose by September 2009 in a plant to be built in the south west of Uruguay along the River Plate coast.

• Monday, January 22nd 2007 - 20:00 UTC

  Chile opens Tierra del Fuego for oil/gas exploration

  Chile will call an international bid for the exploration of hydrocarbons in the extreme south of the country during the first half of this year, announced Karen Poniachik, the country's Minister of Energy and Mines.

• Thursday, January 18th 2007 - 20:00 UTC

  Oil prices continue to slide

  Oil prices dropped below US$ 51,80 a barrel to new 19-month lows yesterday on a report that OPEC powerhouse Saudi Arabia said further production cuts are not necessary right now.

• Wednesday, January 17th 2007 - 20:00 UTC

  Petrobras begins natural gas off shore production

  

  Brazil's government controlled oil corporation Petrobrás announced this week the start of natural gas production offshore the state of Bahia, which should increase supply in the northeast of the country helping to reduce the strong dependency from Bolivia.

• Saturday, January 13th 2007 - 20:00 UTC

  Petrobras announces 2 billion dollars in Argentina over 5 years

  Brazilian state-run oil company Petrobras's Argentine unit Petrobras Energía SA “plans to invest more than two billion dollars over the next five years in Argentina” and start this year exploring oil on Argentina's territorial sea, Petrobras Energía new Director General Carlos Fontes said.

• Friday, January 12th 2007 - 20:00 UTC

  China concerned with energy and environment costs

  The Chinese economy expanded 10.5% in 2006, the fourth year running it has been growing at double digit pace revealed on Friday Ma Kai head of the powerful Development and Reform Committee, NDRC.