Energy & Oil

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”.
Wednesday, July 4th 2007 - 21:00 UTC
OECD-FAO: prices for farm products forecasted to keep growing

Increased demand for bio-fuels is causing fundamental changes to agricultural markets that could drive up world prices for many farm products, according to a new report published by the Organization for Economic Cooperation and Development, OECD, and the United Nations' Food and Agriculture Organisation.
Tuesday, July 3rd 2007 - 21:00 UTC
Argentina requested “energy aid” say Brazilian officials

Argentina has requested energy assistance from Brazil to overcome the very extreme winter the country is suffering, according to sources in Brasilia reports the Brazilian press.
Friday, June 29th 2007 - 21:00 UTC
Uruguay buys 90 service stations from Chevron-Texaco

Uruguay's state-run energy company Ancap bought this week 90 service stations from Chevron Corp operated locally under the Texaco banner, for 22.5 million US dollars.
Thursday, June 28th 2007 - 21:00 UTC
Energy crisis affects fishery industry

Electric energy cuts required by the national government affected operation levels for most of the country's fishery companies.
Wednesday, June 27th 2007 - 21:00 UTC
Argentine energy crisis affects 5.000 manufacturing plants

Almost 5.000 manufacturing plants have suffered from the latest electricity and gas restrictions, warned Argentina's Industrial Union, UIA, with blackouts equivalent to 40% of energy demand in a six to eight hours daily band.
Tuesday, June 26th 2007 - 21:00 UTC
Bolivia takes control of the country's two refineries

Bolivia took control Tuesday of two refineries it bought back from Brazil's Petrobras following a long dispute over the final price and insurance policy reported the Bolivian news agency.
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.