Energy & Oil
Energy & OilOnly 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.
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.
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.
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.
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.
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.
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.
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.
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
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.
