Energy & Oil

• Saturday, May 5th 2007 - 21:00 UTC

  Only Conoco-Phillips resisting Chavez Orinoco basin control

  

  Venezuela threatened to expel Conoco-Phillips, the US oil company, if it does not abide by the nationalization of stakes held by foreign investors in the country's Orinoco heavy oil operations.

• Friday, May 4th 2007 - 21:00 UTC

  Brazil considering nuclear option for energy shortage

  

  Brazil will increase the use of nuclear energy if it cannot build enough hydroelectric plants, President Luiz Inacio Lula da Silva said on Thursday.

• Friday, May 4th 2007 - 21:00 UTC

  Punta Arenas Methanex plans to cut Argentine gas dependency

  

  Canada's Methanex, the world's leading producer of methanol and which has a gigantic plant in Punta Arenas expects to break its Argentina natural gas dependency sometime in the next three years, and concentrate on Chilean supplies, said Bruce Aitken, the company's CEO.

• Wednesday, May 2nd 2007 - 21:00 UTC

  Chavez completes re-nationalization of oil reserves

  

  Venezuela took control of the Orinoco oil installations on May first completing the process of “re-nationalization” of the nation's oil reserves. President Hugo Chávez led celebrations of the takeover of the Orinoco Oil Belt which could convert Venezuela into the country with the largest oil reserves.

• Wednesday, May 2nd 2007 - 21:00 UTC

  Bolivia takes control of oil and gas industry

  

  Bolivia's government owned energy company YPFB took control on Wednesday of the country's oil and gas industry after a dozen oil companies, including Repsol YPF SA, British Gas, Total and Petrobras signed new contracts today.

• Tuesday, May 1st 2007 - 21:00 UTC

  Venezuela Set To Gain Control Of Its Oil Fields

  

  Venezuela's military might will be on full display on Tuesday as Hugo Chávez, the country's president and a former paratrooper, celebrates winning back Venezuela's natural resources in the oil-rich Orinoco for the people.

• Monday, April 30th 2007 - 21:00 UTC

  Desire Petroleum: pretax loss and no rig on sight

  Desire Petroleum PLC swung to full-year pretax loss due to the strengthening of the pound against the dollar reported the company.

• Sunday, April 29th 2007 - 21:00 UTC

  Brazilian bio-ethanol for UK buses

  

  London Mayor Ken Livingstone is about to start trials of London's first bus fuelled by bio-ethanol.
  The Scania OmniCity double-decker will carry 81 passengers and be powered by ethanol made from Brazilian sugar cane.

• Sunday, April 29th 2007 - 21:00 UTC

  Chavez hopes to gradually sell off refineries in US

  

  President Hugo Chavez said Sunday that Venezuela hopes to gradually sell off its refineries in the United States and build a new network of refineries in Latin America, part of a plan to offer his leftist allies in the region a stable oil supply

• Saturday, April 28th 2007 - 21:00 UTC

  Ecuador leader sides with Indians against oil giant

  

  Ecuadorean President Rafael Correa went deep into the Amazon jungle to show his disdain for Chevron Corp., which is on trial in Ecuador for allegedly failing to clean up billions of gallons of toxic wastewater.