Energy & Oil

• 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.

• Saturday, December 29th 2007 - 20:00 UTC

  Argentina puts Punta Arenas methanol industry on the cliff

  The methanol industry in the extreme south of Chile has announced it will have to appeal to redundancies and an international demand, if Argentina does not resume the supply of natural gas as stipulated in contract clauses, according to company sources.

• Friday, December 28th 2007 - 20:00 UTC

  Oil companies prepare for exploratory drilling in Falklands

  

  BHP BILLITON and Falkland Oil and Gas (FOGL) representatives will visit the Falklands in January to establish contact with FIG and businesses that will be involved in exploration drilling.

• Thursday, December 27th 2007 - 20:00 UTC

  Argentine group buys back 15% of YPF with 10% future option

  Repsol-YPF CEO Antonio Brufau and Enrique Eskenazi, Chairman of the Petersen Group, signed Wednesday a binding memorandum of agreement for the acquisition by the Argentine business group of 14.9% of YPF capital stock, according to a release from Repsol.

• Thursday, December 27th 2007 - 20:00 UTC

  Huge oil slick washes ashore north of Comodoro Rivadavia

  

  A huge oil spill has washed to the shore north of Comodoro Rivadavia in Argentine Patagonia, threatening the rich marine life in the area according to reports from the Argentine press.

• Wednesday, December 26th 2007 - 20:00 UTC

  Petrobras pumps new oil record in Brazil: 2.23 million bpd

  In its end of the year summing up Brazil's government managed oil corporation Petrobras announced Wednesday it has set another daily oil-production record in Brazil: 2.238,000 barrels, a mark only eight companies in the world have reached.

• Sunday, December 23rd 2007 - 20:00 UTC

  Oil spill in Uruguay's most fashionable beach under control

  Uruguayan emergency teams are working this weekend round the clock to clean the sandy beach of the country's most exclusive sea-resort which suffered the consequences of an oil spill of an estimated 15.000 liters of crude.

• Friday, December 21st 2007 - 20:00 UTC

  Petrobras finds more light oil and keeps increasing reserves

  Petrobras shares rose Friday a day after Brazil's government owned oil company said it found more oil in the offshore Santos Basin. Shares rose 4.88, or 4.5%, to $112.88 in afternoon trading.

• Friday, December 21st 2007 - 20:00 UTC

  Chavez proposes “oil for social services” to Caribbean region

  

  Cuba's Raul Castro and Venezuelan President Hugo Chavez presided Friday in Cuba over the opening of the fourth Petrocaribe summit which will address the region's lack of sufficient energy resources.

• Friday, December 14th 2007 - 20:00 UTC

  Floating storage vessel helps Petrobras increase oil production

  

  Brazil's government controlled oil corporation Petrobras took a major step this week to increase production from the Roncador field in the Campos Basin offshore Brazil.