Energy & Oil

Monday, January 7th 2008 - 20:00 UTC
New gas field could increase Bolivia's total production 5%

A new gas field has been found in east Bolivia, which will have a production capacity of 2.4 million-cubic-meter a day by October, Bolivian President Evo Morales announced. The new field, called Tacobo and operated by Argentine Pluspetrol, is located in San Isidro, the Bolivian eastern province of Santa Cruz rich in oil and natural gas reserves.
Monday, January 7th 2008 - 20:00 UTC
Argentina bans fuel exports and calls for pump price rollback

Argentina halted fuel exports and called for a pump price rollback on Monday amid reports of fuel shortages, government news agency Telam reported, citing unidentified government sources.
Sunday, January 6th 2008 - 20:00 UTC
Argentina and Brazil worry over Bolivia's limited gas supply

Brazilian Mines and Energy minister Nelso Hubner proposed a tripartite meeting with Argentina and Bolivia to ensure the supply of Bolivian natural gas for the two main economies of South America highly energy dependent of their inland resource-rich neighbor.
Saturday, January 5th 2008 - 20:00 UTC
OPEC anticipates higher oil prices during first quarter

OPEC president Chakib Khelil said on Saturday that the organization is supplying the international market with enough crude but can't be blamed for record prices. But he anticipated oil prices can be expected to keep rising during the first quarter of this year before stabilizing in the following quarter.
Friday, January 4th 2008 - 20:00 UTC
Conservationists condemn Alaskan Ocean oil drilling

Environmental groups have expressed outrage over a decision by the US government to open a huge area off Alaska's northwest coast for oil drilling.
Thursday, January 3rd 2008 - 20:00 UTC
OPEC warns oil prices could climb even higher

Oil prices hovered on the record 100 US dollars a barrel even after Indonesia OPEC (Organization of Petroleum Exporting Countries) governor Maizar Rahman said the cartel has the capability to increase production by 500,000 barrels a day in the coming February meeting. However he warned that oil prices could climb even higher.
Wednesday, January 2nd 2008 - 20:00 UTC
Russia looks to nuclear cooperation with Uruguay

Russia looks to cooperation in the nuclear energy sphere with Uruguay, the country's ambassador to the Latin American state said on Monday.
Wednesday, January 2nd 2008 - 20:00 UTC
Analysts see prospect of 100-dollar oil in 2008

Oil prices of near 100 dollars per barrel caused alarm in consuming countries in 2007 and analysts forecast another tense crude market this year with triple-figure records a real prospect.
Wednesday, January 2nd 2008 - 20:00 UTC
Oil touches 100 US dollars a barrel on supply concern

Crude oil rose to $100 a barrel for the first time in New York as record global fuel consumption threatens to outpace production.
Saturday, December 29th 2007 - 20:00 UTC
Petroperu plans to sell 10% stake to finance investments

Petroleos del Peru SA, Peru's state oil company and the country's largest, plans to sell a 10% stake on the Lima Stock Exchange next year to raise funds for investment projects, Chief Executive Officer Cesar Gutierrez revealed on Thursday.