Energy & Oil

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”.
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.