Energy & Oil

Saturday, August 11th 2007 - 21:00 UTC
Kirchner warns oil companies about investments

Argentina is willing to invest heavily in the exploration and production of natural gas in Bolivia if the multinational companies, such as (Brazil's) Petrobras and (Spain's) Repsol-YPF, are not committed to the undertaking warned Argentine president Nestor Kirchner in Tarija.
Friday, August 10th 2007 - 21:00 UTC
British company project for 74 MW wind farm in Chile

British company Seawind has filed the environmental impact report (EIA) for an ambitious renewable energy project that would create Chile's largest wind farm.
Friday, August 10th 2007 - 21:00 UTC
Venezuela, Bolivia and Argentina promote energy production

The presidents of Venezuela, Bolivia, and Argentina signed on Friday agreements to share costs of energy production and convened funding for the construction of a gas separation plant near Bolivia's border with Argentina.
Thursday, August 9th 2007 - 21:00 UTC
Ecuador/Venezuela plan largest oil refinery in Pacific coast

Ecuador and Venezuela subscribed Thursday an agreement for the construction of the largest crude refinery in the South American Pacific coast with a capacity of 300.000 barrels per day.
Wednesday, August 8th 2007 - 21:00 UTC
OPEC contrary to increasing crude output in September

Despite calls from consumers for more crude to lower prices from near record highs, the Organization of Petroleum Exporting Countries, OPEC, does not believe it's necessary to raise output when it meets next September 11.
Monday, August 6th 2007 - 21:00 UTC
Brazil's Petrobras wants to sell gas to Chile

The Brazilian gas company Petrobras wants to export Liquefied Natural Gas (LNG) to the Chilean market.
Wednesday, August 1st 2007 - 21:00 UTC
Venezuela looking for oil offshore Cuba, 100 miles from the US

Venezuelan government oil company, PDVSA begins this week hydrocarbons exploration in six blocks offshore Cuba, 100 miles from the United States coast, with prospects of finding abundant light crude.
Wednesday, August 1st 2007 - 21:00 UTC
World fears that oil could reach new record prices

Oil prices are nearing an all time record after supply concerns on Tuesday lifted them above 78 US dollars a barrel, almost the 78.40 reached in the aftermath of the Lebanon conflict in July 2006.
Wednesday, August 1st 2007 - 21:00 UTC
OPEC holds 77.2% of proven global oil reserves

The Organization of Petroleum exporting countries, OPEC, holds 77.2% of the world's proven reserves and 49.3% of natural gas, according to the latest Annual Statistical Bulletin for 2006, an anticipation of which was released this week in Vienna but will be officially presented on September 13.
Wednesday, August 1st 2007 - 21:00 UTC
Oil industry forecasts consolidation of Falklands' offshore companies

Consolidation among the four major players in the upstream oil and gas exploration sector in the South Atlantic off of the Falkland Islands is likely in the short-term, reported this week the Financial Times.