Energy & Oil

• Saturday, July 28th 2007 - 21:00 UTC

  Chavez claims partners have “frozen” his huge gas pipeline project

  

  Venezuela's Hugo Chavez said he felt disappointed that his jumbo gas pipeline proposal to supply the South American continent had been “frozen” by several of the potential beneficiaries of the multi billion project.

• Thursday, July 26th 2007 - 21:00 UTC

  Rockhopper completes volumetric work in North Falklands' basin

  

  Rockhopper Exploration plc, the North Falkland Islands explorer, announced that volumetric work has been completed on the Company's leads and prospects in licences PL023 and PL024. The work suggests un-risked P50 recoverable reserves of in aggregate 2.5 billion barrels of oil providing encouragement against the backdrop of an easing rig market.

• Tuesday, July 24th 2007 - 21:00 UTC

  Methanex in Punta Arenas will search for its own natural gas

  The world's leading and largest producer of methanol, Methanex Corporation said Monday that it had joined Wintersall from Germanay and GeoPark Holdings to bid for natural gas concessions in the extreme south of Chile.

• Monday, July 23rd 2007 - 21:00 UTC

  Energy long term policy, a challenge for S. American countries

  Chile's impending energy crisis, sharpened by diplomatic tensions with Argentina and one of the coldest winters on record, was the theme of a seminar held last week in Valparaíso's Congress building. New Energy Minister Marcelo Tokman Ramos, Environment Minister Ana Lyn Uriarte and various members of Congress spoke at the event, which was titled “Energy Policy in Chile: A Challenge”.

• Friday, July 20th 2007 - 21:00 UTC

  Oil demand, and prices, forecasted to keep increasing

  

  Global demand for oil will increase significantly next year, with greater pressure on prices, said the International Energy Agency (IEA) in its monthly report.

• Friday, July 13th 2007 - 21:00 UTC

  Argentina launches “Total Energy” plan to avoid blackouts

  Argentina in the midst of its worst energy shortage in decades launched Friday the announced “Total Energy” program which basically subsidizes oil corporations liquid fuels sales to industry with the purpose of ensuring the supply of gas to home consumers.

• Wednesday, July 11th 2007 - 21:00 UTC

  Brazil budgets nuclear energy program including navy sub

  

  President Luiz Inacio Lula da Silva said that Brazil will budget about half a billion US dollars over eight years to complete its nuclear program, including uranium enrichment technology, a third plant and finishing the building of a nuclear-powered submarine.

• Wednesday, July 11th 2007 - 21:00 UTC

  Chile promoting oil and gas exploration in Magallanes Region

  

  Chile's Ministry of Mines announced this week that the period to acquire tender bases for the Magallanes Region oil and gas exploration project has been extended for another thirty days until Thursday August 9.

• Wednesday, July 11th 2007 - 21:00 UTC

  Argentina cuts gas supply to Chile as energy crisis worsens

  

  Argentina suspended Wednesday natural gas shipments to neighbouring Chile to ensure domestic supplies as one of the coldest winters in recent history grips Argentina, Chile, Uruguay and the south of Brazil.

• Tuesday, July 10th 2007 - 21:00 UTC

  FIC staff opt for save as you earn share option scheme

  Following the success of its previous Employee Share Option scheme which was taken up by 34 members of staff in Stanley, Falkland Islands Holdings Ltd (FIH plc) announced that under the terms of its latest Save as You Earn Employee Share Option Scheme on 5th July 2007 some 55 employees of The Falkland Islands Company Ltd (FIC) in the Falklands were granted an option to subscribe for ordinary shares in FIH plc.