Energy & Oil

• Tuesday, June 26th 2007 - 21:00 UTC

  Petrobras signs contract to explore for gas in Santa Cruz

  

  The Patagonian province of Santa Cruz and Petrobras signed an agreement for the exploration of two gas basins in the extreme south of Argentina, plus the possibility of further concessions to another foreign company.

• Monday, June 25th 2007 - 21:00 UTC

  Freezing temperatures strain Santiago's energy resources

  

  Santiago natural gas supplier Metrogas put its emergency plan into action on Monday, following last weekend's record high natural gas consumption in the Metropolitan Region.
  The cold front currently affecting Chile has caused the unusually high energy demand; the months of May and June have been the coldest the country has seen for the past 20 years.

• Thursday, June 21st 2007 - 21:00 UTC

  Bolivia considers selling gas to Chile

  Bolivian President Evo Morales created a political stir in Chile when he hinted Sunday that his country is considering selling natural gas to Chile, even while admitting that his cabinet is divided over the issue.

• Wednesday, June 20th 2007 - 21:00 UTC

  Investors flocking to renewable energy technology

  

  Climate change worries coupled with high oil prices and increasing government support are fuelling soaring rates of investment in the renewable energy and energy efficiency industries, a new report by the United Nations Environment Programme (UNEP) released this week.

• Tuesday, June 19th 2007 - 21:00 UTC

  Norwegian vessel seismic surveying in Falklands and Uruguay

  

  Desire Petroleum PLC (AIM:DES) announced earlier this month that Wavefield InSeis ASA from Norway acquired a majority of the high resolution 2D shallow-seismic data, at a number of potential drilling sites, on its licences in the North Falkland Basin, using the seismic vessel “Bergen Surveyor”.

• Monday, June 18th 2007 - 21:00 UTC

  Argentine industry with no energy for fourth day running

  Argentina's main natural gas and electricity distributors interrupted this Monday for the fourth day running their provision to industry and big consumers to ensure supply to homes following a consumption peak attributed to the polar weather spell covering most of central and south Argentina.

• Sunday, June 17th 2007 - 21:00 UTC

  OPEC argues world oil stocks “remain at comfortable levels”

  The Organization of Petroleum Exporting Countries, OPEC continues to monitor global oil markets and is prepared to help mitigate any tightness but the level of 30 million barrels a day ensures that commercial oil stocks remain at comfortable levels for the time being, said OPEC's Secretary General in Vienna.

• Sunday, June 17th 2007 - 21:00 UTC

  Brazil's invests heavily to multiply natural gas production

  Brazilian government-controlled oil company Petrobras is planning to invest 18 billion US dollars in the gas sector over the next four years, most of it in 2008, taking Brazil's current production from 27.5 million cubic meters in 2006 to 70 million cubic meters by 2011.

• Sunday, June 17th 2007 - 21:00 UTC

  Argentina's energy crisis: Chile to the rescue by 2009

  Growing natural gas supply cuts to Chile because of the Argentine energy crisis have caused the Chilean economy a half point GDP loss in 2006 and so far this year losses equivalent to 307 million US dollars to the manufacturing industry.

• Sunday, June 17th 2007 - 21:00 UTC

  Amazon the world's longest river, claim Brazilian scientists

  

  Brazilian scientists claim to have established as a scientific fact that the Amazon is the longest river in the world. The Amazon is recognized as the world's largest river by volume, but has generally been regarded as second in length to the River Nile in Egypt.