Energy & Oil

Wednesday, February 13th 2008 - 20:00 UTC
Falklands' Stanley Services celebrates 20th anniversary

A fuel supplier and freight company vital to the development of the Falkland Islands over the last two decades celebrates its twentieth anniversary since inauguration this year.
Wednesday, February 13th 2008 - 20:00 UTC
Bolivia admits gas demand growing faster than output

Bolivian vice president Alvaro Garcia Linera ratified Wednesday in Brasilia that his country guarantees the current supply volume of natural gas to Argentina and Brazil, although he cautioned about risks when demand is forecasted to increase next winter.
Monday, February 11th 2008 - 20:00 UTC
Exxon conflict: Chavez threatens to cut US oil supply

Venezuelan President Hugo Chavez threatened to stop sending oil to the United States if Washington continued to attack Venezuela as he said it had done through an Exxon Mobil lawsuit that has frozen the assets of the world's fifth oil exporter.
Friday, February 8th 2008 - 20:00 UTC
Exxon Wins Freeze on $12 Billion in Venezuela Assets

Exxon Mobil Corp. won court orders in the U.S., U.K., the Netherlands and the Caribbean freezing more than $12 billion in Venezuelan assets amid a battle over the government's seizure of oil projects.
Thursday, February 7th 2008 - 20:00 UTC
Chile ready to announce electricity saving measures

Depleted reservoirs, the recent closure of a major generating plant and an expected consumption surge in March have Chilean authorities concerned about Chile's ability to meet its growing electricity needs.
Thursday, February 7th 2008 - 20:00 UTC
Drilling record: 7 miles extended-reach oil well off Russia

Exxon Mobil Corporation, the world's largest oil company recently broke its own industry record for the longest “extended-reach” oil well: more than seven miles from the frigid shores of Sakhalin Island off Russia's east coast.
Wednesday, February 6th 2008 - 20:00 UTC
F Times: Argentine energy model “unsustainable”

The energy model championed by Argentine President Cristina Fernández and her husband, former President Néstor Kirchner, keeping domestic energy prices and utilities tariffs artificially low to boost an economy recovering from a debt and devaluation crisis in 2001-2002, looks increasingly unsustainable.
Wednesday, February 6th 2008 - 20:00 UTC
Peru en route to become significant LN gas exporter

Peru's liquefied natural gas exporting project will receive a 300 million US dollars loan from the International Finance Corporation of the World Bank, reported the bank.
Saturday, February 2nd 2008 - 20:00 UTC
At least ten days to repair disrupted global net services

A submarine cable in the Middle East has been snapped, adding to global net problems caused by breaks in two lines under the Mediterranean on Wednesday, reports the BBC.
Friday, February 1st 2008 - 20:00 UTC
OPEC leaves output unchanged: market remains well supplied

The Organization of Petroleum Exporting Countries, OPEC, left its oil production ceiling unchanged on Friday ignoring United States demands for an increase. The cartel insisted that the market remained well supplied and seemed to focus on supporting prices which have fallen 10% since the beginning of the year.