Energy & Oil

• Friday, August 31st 2007 - 21:00 UTC

  Exxon plans to leave Argentina; Shell claims “discrimination”

  

  ExxonMobil is working with J.P. Morgan to sell its assets in Argentina including hundreds of service stations and a 200 million US dollars refinery, according to reports in the Buenos Aires press. Fuel companies in Argentina are operating under heavy government intervention.

• Wednesday, August 29th 2007 - 21:00 UTC

  Argentine company strikes gas in Magallanes Region

  Argentine oil corporation Geopark Holdings Ltd announced Tuesday it had discovered gas in one of the several exploratory wells drilled in Chile's extreme south region of Magallanes.

• Monday, August 27th 2007 - 21:00 UTC

  Chile hikes electricity rates 20%, highest since 2000

  Energy experts and government officials expect household electricity bills will rise twenty percent between now and November. If this estimate turns out to be true, it will represent the most dramatic increase in electricity bills since 2000.

• Friday, August 24th 2007 - 21:00 UTC

  Energy shortages punish Argentine July industrial production

  

  Argentina's July industrial production grew 2.7% over the same month a year ago and actually declined 2.1% compared to June 2007 because of the energy crisis which forced many factories to reduce production, according to the latest release from the country's Statistics and Census Office, Indec.

• Thursday, August 23rd 2007 - 21:00 UTC

  Commons to scrutinize relations with Overseas Territories

  

  UK House of Commons Foreign Affairs Committee is inviting written and oral submissions on the relationship between the Foreign Office and UK Overseas Territories, including Gibraltar.

• Wednesday, August 15th 2007 - 21:00 UTC

  Brazilian oil industry in corporate social responsibility forum

  

  The Brazilian Petroleum Institute, Pro-Natura International hosted the first Brazilian workshop on Corporate Social Responsibility (CSR), which is part of a 3-year programme sponsored by the UK Government's Foreign and Commonwealth Office.

• Wednesday, August 15th 2007 - 21:00 UTC

  Petrobras plans to invest 112 billion dollars to 2012

  

  Brazil's government owned oil company Petrobras announced plans to invest 112 billion US dollars in production, exploration and related activities in Brazil and overseas during the next five years.

• Tuesday, August 14th 2007 - 21:00 UTC

  Economy benefits from migrant workers say 55% of US adults

  As United States struggles with a sagging public image in many Latin American countries, US adults show a stunning ignorance about the region, a new Zogby Interactive poll shows.

• Tuesday, August 14th 2007 - 21:00 UTC

  Bolivia gives oil companies ultimatum

  Bolivia's leftist government warned energy companies yesterday they must commit to hefty investments before August 20 or risk being thrown out of the natural-gas rich country.

• Monday, August 13th 2007 - 21:00 UTC

  Twenty firm interests in Magallanes hydrocarbons tender

  

  Twenty companies and consortia from eleven different countries have shown a firm interest in the exploration and production of hydrocarbons in Magallanes region in the extreme south of Chile.