Energy & Oil

• Tuesday, July 10th 2007 - 21:00 UTC

  Cold weather snap hits South America and more to come

  

  Thousands of Argentines cheered and threw snowballs in the streets of Buenos Aires on Monday as the capital's first major snowfall since 1918 spread a thin white mantle across the region. The freezing spell also extended to Chile, Bolivia and Uruguay.

• Tuesday, July 10th 2007 - 21:00 UTC

  Lula da Silva says ethanol won't hurt Amazon rainforest

  

  President Lula da Silva said that Brazil's booming ethanol business won't hurt the Amazon rain forest, dismissing criticism that the alternate fuel could cause deforestation.

• Saturday, July 7th 2007 - 21:00 UTC

  Shell plans to launch new exploration campaign in the Artic

  Royal Dutch Shell is to launch a new exploration campaign in the Arctic north of Alaska in a bid to tap the region's vast oil and gas reserves.

• Wednesday, July 4th 2007 - 21:00 UTC

  Kirchner denies energy cuts and blames “lobby of companies”

  Argentine president Nestor Kirchner denied emphatically on Wednesday that his administration was assessing the “rationalization” of electricity supply to homes and insisted that those versions are only looking “to destabilize his government”.

• Wednesday, July 4th 2007 - 21:00 UTC

  OECD-FAO: prices for farm products forecasted to keep growing

  Increased demand for bio-fuels is causing fundamental changes to agricultural markets that could drive up world prices for many farm products, according to a new report published by the Organization for Economic Cooperation and Development, OECD, and the United Nations' Food and Agriculture Organisation.

• Tuesday, July 3rd 2007 - 21:00 UTC

  Argentina requested “energy aid” say Brazilian officials

  Argentina has requested energy assistance from Brazil to overcome the very extreme winter the country is suffering, according to sources in Brasilia reports the Brazilian press.

• Friday, June 29th 2007 - 21:00 UTC

  Uruguay buys 90 service stations from Chevron-Texaco

  Uruguay's state-run energy company Ancap bought this week 90 service stations from Chevron Corp operated locally under the Texaco banner, for 22.5 million US dollars.

• Thursday, June 28th 2007 - 21:00 UTC

  Energy crisis affects fishery industry

  

  Electric energy cuts required by the national government affected operation levels for most of the country's fishery companies.

• Wednesday, June 27th 2007 - 21:00 UTC

  Argentine energy crisis affects 5.000 manufacturing plants

  

  Almost 5.000 manufacturing plants have suffered from the latest electricity and gas restrictions, warned Argentina's Industrial Union, UIA, with blackouts equivalent to 40% of energy demand in a six to eight hours daily band.

• Tuesday, June 26th 2007 - 21:00 UTC

  Bolivia takes control of the country's two refineries

  

  Bolivia took control Tuesday of two refineries it bought back from Brazil's Petrobras following a long dispute over the final price and insurance policy reported the Bolivian news agency.