Energy & Oil

• Friday, July 20th 2007 - 21:00 UTC

  Oil demand, and prices, forecasted to keep increasing

  

  Global demand for oil will increase significantly next year, with greater pressure on prices, said the International Energy Agency (IEA) in its monthly report.

• Friday, July 13th 2007 - 21:00 UTC

  Argentina launches “Total Energy” plan to avoid blackouts

  Argentina in the midst of its worst energy shortage in decades launched Friday the announced “Total Energy” program which basically subsidizes oil corporations liquid fuels sales to industry with the purpose of ensuring the supply of gas to home consumers.

• Wednesday, July 11th 2007 - 21:00 UTC

  Brazil budgets nuclear energy program including navy sub

  

  President Luiz Inacio Lula da Silva said that Brazil will budget about half a billion US dollars over eight years to complete its nuclear program, including uranium enrichment technology, a third plant and finishing the building of a nuclear-powered submarine.

• Wednesday, July 11th 2007 - 21:00 UTC

  Chile promoting oil and gas exploration in Magallanes Region

  

  Chile's Ministry of Mines announced this week that the period to acquire tender bases for the Magallanes Region oil and gas exploration project has been extended for another thirty days until Thursday August 9.

• Wednesday, July 11th 2007 - 21:00 UTC

  Argentina cuts gas supply to Chile as energy crisis worsens

  

  Argentina suspended Wednesday natural gas shipments to neighbouring Chile to ensure domestic supplies as one of the coldest winters in recent history grips Argentina, Chile, Uruguay and the south of Brazil.

• Tuesday, July 10th 2007 - 21:00 UTC

  FIC staff opt for save as you earn share option scheme

  Following the success of its previous Employee Share Option scheme which was taken up by 34 members of staff in Stanley, Falkland Islands Holdings Ltd (FIH plc) announced that under the terms of its latest Save as You Earn Employee Share Option Scheme on 5th July 2007 some 55 employees of The Falkland Islands Company Ltd (FIC) in the Falklands were granted an option to subscribe for ordinary shares in FIH plc.

• Tuesday, July 10th 2007 - 21:00 UTC

  Cold weather snap hits South America and more to come

  

  Thousands of Argentines cheered and threw snowballs in the streets of Buenos Aires on Monday as the capital's first major snowfall since 1918 spread a thin white mantle across the region. The freezing spell also extended to Chile, Bolivia and Uruguay.

• Tuesday, July 10th 2007 - 21:00 UTC

  Lula da Silva says ethanol won't hurt Amazon rainforest

  

  President Lula da Silva said that Brazil's booming ethanol business won't hurt the Amazon rain forest, dismissing criticism that the alternate fuel could cause deforestation.

• Saturday, July 7th 2007 - 21:00 UTC

  Shell plans to launch new exploration campaign in the Artic

  Royal Dutch Shell is to launch a new exploration campaign in the Arctic north of Alaska in a bid to tap the region's vast oil and gas reserves.

• Wednesday, July 4th 2007 - 21:00 UTC

  Kirchner denies energy cuts and blames “lobby of companies”

  Argentine president Nestor Kirchner denied emphatically on Wednesday that his administration was assessing the “rationalization” of electricity supply to homes and insisted that those versions are only looking “to destabilize his government”.