Energy & Oil

• Tuesday, April 22nd 2008 - 21:00 UTC

  Chile's energy bill forecasted to increase 2.8 billion US dollars

  With the international price of oil closing on 120 US dollars a barrel and the need for greater purchases of oil, diesel fuel and natural gas, Chile estimates the additional cost this year in 2.8 billion US dollars according to the government owned oil corporation ENAP, CEO Enrique Davila.

• Tuesday, April 22nd 2008 - 21:00 UTC

  OPEC to boost production 5 million bpd …by 2012

  The Organization of Petroleum Exporting Countries, OPEC plans to boost its oil production target capacity by 5 million barrels a day by 2012, the organization's secretary-general said Tuesday in Rome.

• Monday, April 21st 2008 - 21:00 UTC

  IEA: world's energy economy is not on sustainable path

  

  “With oil prices surging over 110 US dollars a barrel and growing concerns over the environmental repercussions of the world's spiraling energy demand, the dialogue between energy producing and consuming countries is more meaningful than ever”, said Nobuo Tanaka, Executive Director of the International Energy Agency (IEA).

• Thursday, April 17th 2008 - 21:00 UTC

  Brazil promises full debate on bio-fuels at Sao Paulo summit

  

  Brazil expects to host representatives from 190 countries, including several world leaders for the International Conference on Bio-fuels which is scheduled for next November in Sao Paulo.

• Thursday, April 17th 2008 - 21:00 UTC

  YPF oil and gas reserves down 20% in two years

  

  Spain's Repsol YPF revealed Wednesday in an official document that the company's oil and gas proven reserves in Argentina had dropped 20.3% in the course of two years.

• Thursday, April 17th 2008 - 21:00 UTC

  Petrobras oil and gas production: 2.1 million bpd in March

  

  Petrobras, Brazil's government managed hydrocarbons corporation, increased oil and gas production an average 1.4% during March reaching 2,114,089 barrels of oil equivalent per day (boe).

• Tuesday, April 15th 2008 - 21:00 UTC

  Renewed Chinese interest in Repsol Latinamerican assets

  China National Petroleum Corp may bid for the Latin American assets of Repsol YPF if the Spanish group decides to offer them again for sale, the South China Morning Post reported on Monday citing sources.

• Tuesday, April 15th 2008 - 21:00 UTC

  Scientists call for radical changes in food production

  A United Nations-backed group of over 400 scientists are calling for a radical change to the way the world grows food to better serve the poor and hungry and to protect the planet's resources.

• Tuesday, April 15th 2008 - 21:00 UTC

  Chinese investment fund purchases 1% of BP for a billion £

  China has spent a billion pounds buying a 1% stake in BP, the UK's largest company by market value. The investment was made by the State Administration of Foreign Exchange, a unit of the Central Bank managing 1.6 trillion US dollars in foreign exchange reserves.

• Monday, April 14th 2008 - 21:00 UTC

  Sniffs of another major oil discovery offshore Brazil

  Brazil's government managed oil corporation Petrobras said late Monday that more conclusive data on the Carioca ultra deep pre salt basin discovery potential “will only be known after other phases in the assessment process have been completed”.