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Montevideo, December 22nd 2024 - 17:15 UTC

Energy & Oil

  • Friday, May 4th 2007 - 21:00 UTC

    Punta Arenas Methanex plans to cut Argentine gas dependency

    Metanex plant at Punta Arenas

    Canada's Methanex, the world's leading producer of methanol and which has a gigantic plant in Punta Arenas expects to break its Argentina natural gas dependency sometime in the next three years, and concentrate on Chilean supplies, said Bruce Aitken, the company's CEO.

  • Wednesday, May 2nd 2007 - 21:00 UTC

    Chavez completes re-nationalization of oil reserves

    The Orinoco region has more than 55,000 square kilometers

    Venezuela took control of the Orinoco oil installations on May first completing the process of “re-nationalization” of the nation's oil reserves. President Hugo Chávez led celebrations of the takeover of the Orinoco Oil Belt which could convert Venezuela into the country with the largest oil reserves.

  • Wednesday, May 2nd 2007 - 21:00 UTC

    Bolivia takes control of oil and gas industry

    These companies have understood they are not the owners of Bolivia's natural resources, said Pte. Morales

    Bolivia's government owned energy company YPFB took control on Wednesday of the country's oil and gas industry after a dozen oil companies, including Repsol YPF SA, British Gas, Total and Petrobras signed new contracts today.

  • Tuesday, May 1st 2007 - 21:00 UTC

    Venezuela Set To Gain Control Of Its Oil Fields

    Venezuela's military might will be on full display on Tuesday as Hugo Chávez, the country's president and a former paratrooper, celebrates winning back Venezuela's natural resources in the oil-rich Orinoco for the people.

  • Monday, April 30th 2007 - 21:00 UTC

    Desire Petroleum: pretax loss and no rig on sight

    Desire Petroleum PLC swung to full-year pretax loss due to the strengthening of the pound against the dollar reported the company.

  • Sunday, April 29th 2007 - 21:00 UTC

    Brazilian bio-ethanol for UK buses

    London Mayor Ken Livingstone is about to start trials of London's first bus fuelled by bio-ethanol.
    The Scania OmniCity double-decker will carry 81 passengers and be powered by ethanol made from Brazilian sugar cane.

  • Sunday, April 29th 2007 - 21:00 UTC

    Chavez hopes to gradually sell off refineries in US

    Pte. Chavez wants create an ALBA oil company

    President Hugo Chavez said Sunday that Venezuela hopes to gradually sell off its refineries in the United States and build a new network of refineries in Latin America, part of a plan to offer his leftist allies in the region a stable oil supply

  • Saturday, April 28th 2007 - 21:00 UTC

    Ecuador leader sides with Indians against oil giant

    Oil split on the jungle

    Ecuadorean President Rafael Correa went deep into the Amazon jungle to show his disdain for Chevron Corp., which is on trial in Ecuador for allegedly failing to clean up billions of gallons of toxic wastewater.

  • Tuesday, April 24th 2007 - 21:00 UTC

    Cuba plans to become oil refined products exporter in 2008

    Venezuela-Cuba deal to upgrade Cienfuegos refinery

    A refurbished oil refinery set to begin production next December could turn Cuba from a net import dependent to an oil refined products exporters, according to the official press in Havana.

  • Tuesday, April 24th 2007 - 21:00 UTC

    Uruguay has the highest fuel prices of the region

    Uruguay with no oil or gas reserves has the highest fuel prices in Latinamerica, 1.35 US dollars for a liter of premium gasoline, not distant from those countries with the top values such as Holland where premium at the pump costs 1.91 US dollars a liter.