Energy & Oil

Friday, September 28th 2007 - 21:00 UTC
Oil exploring in Falklands prepares for “exciting” 2008

Borders & Southern Petroleum PLC, the Falkland Islands oil explorer, said its first half to end-June pretax loss narrowed to £117,158 from £182,010 saying the next year would be “exciting” as it evaluated the area covered by its production licences.
Friday, September 28th 2007 - 21:00 UTC
Argentine energy shortage repeat for Chilean mines

Mining leaders in Chile indicated to local press this week that their industry is bracing for energy shortages in the coming year
Friday, September 28th 2007 - 21:00 UTC
UN: oil and gas reserves competition becoming tougher

The emergence of new players in the global market and shifts in the policies of gas and oil producers means that traditional conglomerates from industrialized nations are facing increasing competition in the race to access the world's reserves, revealed the United Nations agency on trade and development issues.
Wednesday, September 26th 2007 - 21:00 UTC
Exxon follows Shell and is divesting from South America

Exxon Mobil Corporation seems intent in leaving South America following recent compensation disputes with the Venezuelan government and the decision to sell its Argentine and Uruguayan units, according to some observers in Buenos Aires
Sunday, September 23rd 2007 - 21:00 UTC
Lula to push for biofuels in UN climate talks

Brazil's President Luiz Inacio Lula da Silva will promote the country's biofuel initiatives during the United Nation's annual general assembly meeting next week, as part of a broader effort to fight climate change.
Friday, September 21st 2007 - 21:00 UTC
US Gulf Coast storm risk pushes oil to record

The price of London Brent oil hit another all-time high Friday on US storm concerns at the end of a record-breaking week which saw New York crude soar beyond 84 dollars per barrel.
Friday, September 21st 2007 - 21:00 UTC
Organisations call on EU to abandon plans biofuel target

37 environmental and human rights groups have called upon the Members of the European Parliament to drop support for a 10% mandatory biofuel target during next week's vote on the Thomsen report.
Wednesday, September 19th 2007 - 21:00 UTC
Falklands: Rockhopper agrees 50 pct relinquishment on

Rockhopper has agreed its relinquishment pattern in accordance with the standard terms of its licences PL023 and PL024 with the Falkland Islands Government.
Tuesday, September 18th 2007 - 21:00 UTC
Fed decision, weather among factors sending oil higher

Oil soared to fresh record highs in New York Tuesday as traders viewed the half-point cut in interest rates by the Federal Reserve as an economic boost that would keep energy demand high.
Thursday, September 13th 2007 - 21:00 UTC
Uruguay surveying the Rive Plate for hydrocarbons

In six months time Uruguay will have an idea if there are hydrocarbons in the River Plate Punta del Este basin, and based on this data move into the exploratory phase, announced Wednesday the chairman of the country's government managed oil company Ancap.