Energy & Oil

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.
Wednesday, September 12th 2007 - 21:00 UTC
OECD joins global bio-fuels and “food vs fuel” debate

A report on the impact of bio-fuels suggests that bio-fuels championed for reducing energy reliance, boosting farm revenues and helping fight climate change, may in fact hurt the environment and push up food prices.
Tuesday, September 11th 2007 - 21:00 UTC
Opec summit debate a limited production increase in Vienna

World oil prices threatened to hit a new high today ahead of a crunch meeting between the Opec oil-producing states where they will decide on whether to increase production.
Tuesday, September 11th 2007 - 21:00 UTC
Falklands: Rockhopper receives 3-D survey data

Rockhopper Exploration Plc received the final processed volume of 3-D data collected by CGG between November 2006 and January 2007.
Tuesday, September 11th 2007 - 21:00 UTC
Oil corporations and Bolivia agree on investment program

Bolivia announced this week foreign energy corporations have promised to invest more than 580 million US dollars in 2007, about three times more than last year. The announcement comes a month after President Evo Morales threatened the industry with ignoring contracts if they were not committed to investing in Bolivia.
Tuesday, September 11th 2007 - 21:00 UTC
Petrobras exploration priorities: Gulf of Mexico and Argentina

Brazil' government managed oil corporation Petrobras announced international investments totaling 15 billion US dollars in the 2008/2012 period, most of which in exploration and production in the Gulf of Mexico, Argentina and Western Africa.