Energy & Oil

Saturday, January 5th 2008 - 20:00 UTC
OPEC anticipates higher oil prices during first quarter

OPEC president Chakib Khelil said on Saturday that the organization is supplying the international market with enough crude but can't be blamed for record prices. But he anticipated oil prices can be expected to keep rising during the first quarter of this year before stabilizing in the following quarter.
Friday, January 4th 2008 - 20:00 UTC
Conservationists condemn Alaskan Ocean oil drilling

Environmental groups have expressed outrage over a decision by the US government to open a huge area off Alaska's northwest coast for oil drilling.
Thursday, January 3rd 2008 - 20:00 UTC
OPEC warns oil prices could climb even higher

Oil prices hovered on the record 100 US dollars a barrel even after Indonesia OPEC (Organization of Petroleum Exporting Countries) governor Maizar Rahman said the cartel has the capability to increase production by 500,000 barrels a day in the coming February meeting. However he warned that oil prices could climb even higher.
Wednesday, January 2nd 2008 - 20:00 UTC
Russia looks to nuclear cooperation with Uruguay

Russia looks to cooperation in the nuclear energy sphere with Uruguay, the country's ambassador to the Latin American state said on Monday.
Wednesday, January 2nd 2008 - 20:00 UTC
Analysts see prospect of 100-dollar oil in 2008

Oil prices of near 100 dollars per barrel caused alarm in consuming countries in 2007 and analysts forecast another tense crude market this year with triple-figure records a real prospect.
Wednesday, January 2nd 2008 - 20:00 UTC
Oil touches 100 US dollars a barrel on supply concern

Crude oil rose to $100 a barrel for the first time in New York as record global fuel consumption threatens to outpace production.
Saturday, December 29th 2007 - 20:00 UTC
Petroperu plans to sell 10% stake to finance investments

Petroleos del Peru SA, Peru's state oil company and the country's largest, plans to sell a 10% stake on the Lima Stock Exchange next year to raise funds for investment projects, Chief Executive Officer Cesar Gutierrez revealed on Thursday.
Saturday, December 29th 2007 - 20:00 UTC
Argentina puts Punta Arenas methanol industry on the cliff

The methanol industry in the extreme south of Chile has announced it will have to appeal to redundancies and an international demand, if Argentina does not resume the supply of natural gas as stipulated in contract clauses, according to company sources.
Friday, December 28th 2007 - 20:00 UTC
Oil companies prepare for exploratory drilling in Falklands

BHP BILLITON and Falkland Oil and Gas (FOGL) representatives will visit the Falklands in January to establish contact with FIG and businesses that will be involved in exploration drilling.
Thursday, December 27th 2007 - 20:00 UTC
Argentine group buys back 15% of YPF with 10% future option

Repsol-YPF CEO Antonio Brufau and Enrique Eskenazi, Chairman of the Petersen Group, signed Wednesday a binding memorandum of agreement for the acquisition by the Argentine business group of 14.9% of YPF capital stock, according to a release from Repsol.