Saturday
February 9, 2013
Results for: oil

  • 04/09/2012 | Argentina

    YPF, Gazprom move forward in joint gas exploration

    Argentine oil company YPF moved forward in the signing of an agreement with Russian state oil company Gazprom to develop conventional and nonconventional gas in Argentina and the eventual supply of liquefied gas.

  • 14/10/2012 | Argentina

    Binner: 'An alliance with Macri would be like mixing water with oil'

    The leader of the Broad Progressive Front (FAP) and former Santa Fe governor, Hermes Binner, ruled out any possibility of creating an electoral front with BA City Mayor Mauricio Macri, assuring that “doing so would be like trying to mix water with oil.”

  • 16/07/2012 | Argentina

    Oil giant says Malvinas well disappoints

    Borders & Southern Petroleum reported disappointing results in the Malvinas Islands from the latest well to be drilled as part of the controversial search for oil in the British islands over which Argentina claims sovereignty.

  • 03/08/2012 | Argentina

    Argentina, Venezuela ratify YPF-PDVSA strategic alliance

    Argentina and Venezuela gave their first step in the creation of an energy strategic alliance between oil companies YPF and PDVSA, after the agreement signed by President Cristina Fernández de Kirchner and her Venezuelan counterpart, Hugo Chávez, in Brasilia last Tuesday.

  • 08/08/2012 | Argentina

    CNV reports of illegal oil exploration in Malvinas to international markets

    The National Securities Commission informed the main international stock markets that resolutions taken by the national Energy Secretariat declare foreign oil exploration activities in the Argentine continental shelf in Malvinas islands as ‘illicit and illegal.'

  • 26/05/2012 | Argentina

    Gov't :'YPF seizure was done to avoid an energy crisis'

    The Government explained that the YPF seizure was carred out "in order to avoid an energy crisis" in an article which was published in the US edition of The Financial Time newspaper and signed by Ambassador Jorge Argüello.

  • 04/06/2012 | Argentina

    Malvinas: Government declares foreign oil exploration in Argentine continental shelf 'illegitimate'

    The Government today declared oil exploration activities by five British companies in the Argentine continental shelf in proximity to the Malvinas Islands "illegitimate and clandestine."

  • 04/06/2012 | Argentina

    Galuccio, Kicillof lead new YPF board of directors

    The YPF shareholders picked the company's new board of directors, which includes sixteen members representing the nation and the provinces, and one member representing Spanish oil company Repsol.

  • 12/04/2012 | Argentina

    'We need our oil to be extracted,' Lorenzino

    Economy Minister Hernán Lorenzino said that, as rumours of a possible nationalization of the YPF oil company continue to rise, the oil lying underground “needs to be extracted.”

  • 25/04/2012 | Argentina

    Gov't warns oil companies operating in Malvinas as deadline nears

    The Foreign Ministry once again warned oil companies considered by the Government to be “illegally operating” in the Malvinas Islands, and said Argentina will press charges against them unless they justify their actions before next Wednesday.

  • 04/05/2012 | Argentina

    'Spain needs to accept Argentina's sovereign decision,' Pichetto

    The head of the Senate's Victory Front bloc Miguel Angel Pichetto today stated that “Spain needs to accept the sovereign decision made by Argentina,” in reference to the expropriation of oil and gas giant YPF, which last night was approved by a wide majority in the Congress.  

  • 04/04/2012 | Argentina

    'We have complied with all terms of the Neuquén contract,' Petrobras

    Brazilian oil giant Petrobras assured that it has complied with all terms of its Neuquén province oil explotaition contract, following governor Jorge Sapag's announcement of the termination of the concession contract in Veta Escondida area.

  • 10/04/2012 | Argentina

    After meeting with De Vido, Petrobras committed to set new investments

    Planning Minister Julio De Vido called the heads of Petrobras to raise their investments in the country and warned them that the main aim is that Argentina reaches the “self-sufficiency in energy.”

  • 11/04/2012 | Argentina

    Santa Cruz terminates YPF oil concession contract in key areas

    Santa Cruz governor Daniel Peralta signed a decree which makes the termination of the YPF concession contract in Los Perales-Las Mesetas, Cañadon vasco and Pico Truncado-El cordón areas official, and as Repsol YPF head Antonio Brufau remains in Argentina in hopes of solving the conflict and meeting with Government officials.

  • 24/03/2012 | Argentina

    Malvinas: Gov't begins legal proceedings against five British oil firms for illegal drilling

    The Government announced today that they had begun the legal proceedings put together with the AFIP tax agency against five British oil companies, accusing them of "carrying out illegal operations" in the Malvinas Islands.

  • 27/03/2012 | Argentina

    Rio Negro terminates YPF oil exploitation contract

    Río Negro announced it would terminate an YPF exploitation contract in Los Caldenes area, following a meeting between Federal Organization of Hydrocarbon Producer States on Tuesday. The Spanish oil giant has lost ten oil concessions in the last weeks.

  • 31/03/2012 | Argentina

    Chubut could revoke four YPF concessions

    Chubut governor Martin Buzzi announced that his administration is considering terminating oil concession in four wells, including Manantiales Behr, one of the most important oil wells in the country.

  • 15/03/2012 | Argentina

    'Gov't will sanction banks, companies and funds backing Malvinas illegal oil drills,' Timerman

    Foreign Minister Héctor Timerman gave a press conference announcing sanctions against banks and companies that partner with and/or finance oil companies conducting oil drills in Malvinas Islands. This in hand, the Argentine government took another step in the late diplomatic cross-fire with the UK over the sovereignty of the Malvinas, Sandwich, and South Georgia islands in the South Atlantic Ocean.

  • 21/03/2012 | Argentina

    Cabinet Chief doesn't rule out measures regarding YPF

    Cabinet Chief, Juan Manuel Abal Medina, told state-run news agency Telam that the government “cannot discard taking measures regarding Repsol-YPF oil giant”, after President Cristina Fernández de Kirchner's administration accused the company of not investing enough to revert its production’s fall.

  • 22/03/2012 | Argentina

    Argentina warns London, NY stock exchanges about Malvinas oil drills

    Argentina has asked British and US market regulators to probe whether oil companies that have explored off the disputed Malvinas Islands have told investors about the risks of their "illicit" drilling, the Foreign Ministry said.

  • 29/02/2012 | Argentina

    YPF shares plunge more than 10.2%

    Once again, YPF shares collapsed as rumours of the Government taking control of the oil giant increase. After edging down more than 7 percent, today the company’s shares plunged 10.2 percent.

  • 06/03/2012 | Argentina

    YPF accuses provinces of 'arbitrary actions'

    In the midst of the pressure of the oil provinces over Oil Giant YPF to increase its production, the company ruled out the accusations and warned that it will press charges for the “arbitrary actions” of the local government.

  • 14/03/2012 | Argentina

    Chubut, Santa Cruz provinces terminate YPF oil contracts in four wells

    The Governments of Chubut and Santa Cruz announced the termination of the contract of exploitation of four different oil wells that YPF handles in the Gulf San Jorge and that both provinces share. The oil giant has announced it will file a lawsuit against the measure.

  • 06/02/2012 | Argentina

    Boudou: 'We should discuss whether YPF works following a national sense or not'

    Vice President Amado Boudou came on stage today and sent a reminder to oil giant Repsol-YPF amidst rumors of a possible nationalization.  

  • 16/02/2012 | Argentina

    Malvinas oil rig exploring in Argentine seas

    The Malvinas issue has taken another turn, which could heighten diplomatic tension regarding sovereignty between Argentina and Britain after one of the drilling platforms hired by a Malvinas company was found exploring in Argentine waters on Thursday.

  • 29/02/2012 | Argentina

    As tension mounts, Repsol-YPF head arrives to meet gov't officials

    Chairman of Repsol-YPF oil company Antonio Brufau, has arrived to Argentina to attend a round of meetings amidst the present tensions between the company and the Government triggered after President Cristina Fernández de Kirchner accused the oil giant of not making enough investments in the country.

  • 07/11/2011 | Argentina

    YPF confirms huge shale oil found in Neuquén

    Energy company YPF confirmed the finding of its biggest oil discovery in Argentina yet to the Buenos Aires stock exchange. The discovery was made in the Neuquén province and is equivalent to 927 million barrels.

  • 05/01/2012 | Argentina

    YPF announces new oil discovery in Mendoza

    Energy company YPF announced the finding of conventional oil at the Cuenca Neuquina, in the Chachahuén bloc, at the Southern area of Mendoza province, that is equivalent to 40 million barrels.

  • 16/01/2012 | Argentina

    Gov't to fine oil companies for irregularities in gas oil bulk-price

    In a press conference given by government officials at the Economy Ministry, Planning Minister Julio De Vido revealed “serious irregularities" in the bulk-price of gas oil sold to transport companies after receiving reports against oil companies made by a group of fuel dealer chambers.

  • 13/06/2011 | Argentina

    Talks between Santa Cruz teachers' unions, Government fail

    The Santa Cruz province teachers' unions and the local Government failed to reach an agreement after a lengthy meeting which seeked to solve the ongoing conflict based on the unions demands for a 50 percent hike in salaries.

  • 11/10/2011 | Argentina

    Rockhopper says latest Malvinas well dry

    Malvinas oil explorer Rockhopper said the latest well in its controversial drilling campaign in the south Atlantic islands has come up dry.

  • 12/10/2011 | Argentina

    Rockhopper gets partner interest in Malvinas oil

    British oil explorer Rockhopper said it had been approached by industry partners looking to co-invest with it in a major $2 billion project to turn the Malvinas Islands into an oil producer.

  • 26/04/2011 | Argentina

    Santa Cruz oil workers lift strike

    After 26 days, Santa Cruz oil workers decided to lift the strike that kept the production of oil stalled. The measure, which stated April 1st in demand of better working conditions and increase in salaries, ended Tuesday night. But the activities will return to a normal pace on Wednesday morning, a Santa Cruz Private Oil Worker's union delegate announced.

  • 05/05/2011 | Argentina

    Oil refinery workers back on strike

    After a 24-hour truce in the refinery workers conflict, the union failed to reach an agreement after meeting again with Labour Ministry officials, and decided to call a national strike for an undetermined period of time, union leader Alberto Roberti said.

  • 08/06/2011 | Argentina

    Protesters take over oil refinery in Santa Cruz

    Protesting oil workers took over a YPF oil refinery in the Patagonian city of Las Heras today, in the province of Santa Cruz, in an ongoing conflict sparked by higher salary demands, a company spokesman announced.

  • 29/12/2010 | Argentina

    'Petrol supply back to normal', CECHA, Esso say

    The daily supply of petrol, “has stabilized”, assured Marcelo Rovasio, president of the Confederation of Hydrocarbon Businesses (CECHA). This was amongst responses being made by the petrol companies themselves in saying that they are to better logistics this weekend for tourist drivers.

  • 01/02/2011 | Argentina

    CGT strikes in Rosario 'far from finding a solution'

    Executive director of the CIARA-CEC chamber Alberto Rodríguez mentioned that without an intervention from authorities, conflicts in Rosario will continue, and the losses made due to the situation will be 'irreversible.'

  • 25/04/2011 | Argentina

    New trustee appointed in Santa Cruz oil union conflict, but strike remains in effect

    The Ministry of Labour came out in support of the appointment of the new trustee to the Santa Cruz Private Oil Workers’ Union, Carlos Flaquier, by the Oil Federation. A meeting was taking place on Monday night in order to find a fast solution to the conflict that has continued for 26 days.

  • 19/10/2012 | World

    Rockhopper and Premier say on track for Malvinas oil in 2017

    Rockhopper, the exploration company drilling in the South Atlantic Ocean, said oil will flow from the Malvinas Islands seabed for the first time by 2017, The Guardian reported today.

  • 07/01/2013 | World

    Tanker hits San Francisco Bay Bridge

    An empty oil tanker struck a tower of the San Francisco Bay Bridge today but did not appear to spill any oil into the bay, the US Coast Guard and California state officials said.

  • 12/07/2012 | World

    UK company strikes US$1 billion deal to pump oil in Malvinas

    Britain's Premier Oil said today that it would partner Rockhopper, an explorer that made an oil discovery in the archipelago in 2010, paying it an initial US$231 million in cash as well as providing around US$770 million to help build infrastructure.

  • 14/07/2012 | World

    Iran issues new oil blockade warning

    Iran could prevent even "a single drop of oil" passing through the Strait of Hormuz if its security is threatened, a naval chief said today, as tensions simmer over Tehran's nuclear programme.

  • 01/08/2012 | World

    US House approves new Iran sanctions on oil, shipping sectors

    The US House of Representatives passed a new package of sanctions against Iran that aim to punish banks, insurance companies and shippers that help Tehran sell its oil.

  • 23/04/2012 | World

    BP willing to pay Bridas a US$700 million breakup fee

    BP Plc sued Bridas Corp today over a collapsed $7.06 billion asset sale, saying it is willing to pay a $700 million breakup fee so long as it will not face fraud claims arising from its conduct.

  • 08/05/2012 | World

    Malvinas islanders head to the UK in search of oil expertise

    A group of 30 members from the Malvinas Islands’ Legislative Assembly is heading today to the Aberdeen, Scotland, in search of expertise from specialists of a place known as Europe’s oil capital. According to the Scottish media, it is the largest islander’s official mission to ever visit the United Kingdom.

  • 07/07/2012 | World

    Iran plans to sell oil via consortium, evade ban

    Iran has reached agreements with European refiners to sell some of its oil through a private consortium, an official said today, a move designed to circumvent sanctions intended to put pressure on Tehran to halt its disputed nuclear programme.

  • 10/04/2012 | World

    Iran cuts oil to Spain ahead of nuclear talks

    Iran has cut oil exports to Spain and may halt sales to Germany and Italy, Iran's English-language state television reported, in an apparent move to strengthen its position ahead of crucial talks with world powers later this week.

  • 12/04/2012 | World

    Obama, Sarkozy discuss oil market conditions

    US President Barack Obama discussed conditions on world oil markets during a video conference today with French President Nicolas Sarkozy, the White House said.

  • 23/04/2012 | World

    Borders and Southern makes 'significant' new Malvinas discovery

    Explorer Borders & Southern said it made a significant discovery of gas condensate off the coast of the Malvinas Islands, adding to hopes that the British-governed archipelago will be transformed into a new oil producing region.

  • 15/03/2012 | World

    UK backs Malvinas islanders' right to drill for oil

    Britain said today it supported the rights of Malvinas islanders to exploit their oil reserves after Argentina said it would take legal action against companies involved in energy exploration around the South Atlantic islands.

  • 20/03/2012 | World

    Malvinas: UK-based oil & gas company to enter farmout deal

    UK-based “Falkland Oil and Gas Limited” (FOGL) is close to farming out a 25 percent stake in its Malvinas exploration licenses in a deal allowing it to fund expanded drilling plans on the South Atlantic archipelago's basins, according to a statement released by the company.

  • 30/03/2012 | World

    Obama says enough world oil to crack down on Iran

    US President Barack Obama vowed to forge ahead with tough sanctions on Iran, saying there was enough oil in the world market - including emergency stockpiles - to allow countries to cut Iranian imports.

  • 23/02/2012 | World

    Japan may cut Iran oil imports by over 20 percent

    Japan may cut Iranian crude oil imports by a more-than-expected 20 percent as it seeks a waiver from US sanctions, a newspaper reported, a move which would spare its banks from a major blow but also boost its rising fuel import bill.

  • 23/02/2012 | World

    Obama hits back at Republican criticism of high gas prices

    US President Barack Obama hit back at election-year Republican criticism of his energy policy, offering a staunch defence of his attempts to wean US citizens off foreign oil and saying there was no 'silver bullet' for high gas prices.

  • 27/02/2012 | World

    Falling oil lifts Wall St to highest since 2008

    The benchmark S&P 500 closed at its highest level since mid-2008 on Monday, extending gains for a third session as oil prices retreated after a recent rally and data showed further improvement in the US housing market.

  • 27/01/2012 | World

    Iran hits back at EU with own oil embargo threat

    Fighting sanctions with sanctions in a trial of strength with the West over its nuclear ambitions, Iran warned it may halt oil exports to Europe next week in a move calculated to hurt ailing European economies.

  • 04/02/2012 | World

    Iran says oil ban will not halt nuclear work

    Iran's oil minister said the Islamic state would not retreat from its nuclear programme even if its crude oil exports grind to a halt, the official IRNA news agency reported

  • 16/02/2012 | World

    Britain set for Malvinas Islands oil windfall

    Britain will share in a Malvinas Islands windfall when oil starts flowing there later this decade and, with taxes and royalties estimated at up to $167 billion, the potential prize could inflame mounting tensions with Argentina over sovereignty.

  • 19/01/2012 | World

    BP seen agreeing US$20-25 billion oil spill settlement

    BP is likely to agree to pay the US Department of Justice $20-$25 billion dollars to settle all charges around the Gulf of Mexico oil spill, according to a leading analyst, a prediction that is at least twice what the company has set aside.

  • 23/01/2012 | World

    US energy giant to invest in UK's oil rush in Malvinas

    Amidst the escalated diplomatic tension between Argentina and the United Kingdom, today’s edition of British sensationalist newspaper The Sun assures that US energy giant Anadarko made an offer to develop oil rush in the Malvinas Islands.

  • 26/01/2012 | World

    Initial oil probe in Malvinas ‘disappointing,’ UK gov't says

    British Energy Secretary Chris Huhne admitted that the initial oil explorations in the waters surrounding the Malvinas Islands, in the South Atlantic, were “disappointing,” although he indicated the course may change in the future.

  • 05/01/2012 | World

    UK signals ready to use force to keep Strait open

    Britain signalled its readiness to use military force if necessary to keep the Strait of Hormuz open, warning Iran not to miscalculate over the West's determination to prevent disruption to the key shipping route.

  • 10/01/2012 | World

    EU meeting on Iran oil embargo set for Jan 23

    European Union governments agreed today to bring forward a meeting of foreign ministers expected to decide on an oil embargo on Iran by one week to January 23.

  • 11/01/2012 | World

    Iran says bomb kills nuclear scientist, blames Israel

    Iran said one of its nuclear scientists was killed today by a magnet bomb fixed to his car by a motorcyclist and blamed Israel for the attack, intensifying diplomatic tensions the West over Tehran's nuclear program.

  • 28/10/2011 | World

    Reports: Three separate blasts in Iran energy sector

    Three separate explosions were reported on Iranian oil and gas infrastructure, with an oil field blast killing one person. There was no apparent connection between the three incidents but they are likely to raise concerns about safety in Iran's vital energy sector, which has been deprived of foreign investments due to sanctions.

  • 21/11/2011 | World

    British company to set new drilling platform in Malvinas Islands

    British company Falkland Oil and Gas (FOGL) unveiled it has kept dialogue with potential partner to look for oil and gas at the Malvinas Islands and announced the arrival of another drilling platform to the area by the end of January 2012.

  • 29/12/2011 | World

    Iran warns US over Strait of Hormuz

    A senior Iranian Revolutionary Guards commander said the United States was not in a position to tell Tehran "what to do in the Strait of Hormuz," state television reported, after the US said it would preserve oil shipments in the Gulf.

  • 02/09/2011 | World

    EU agrees to ban crude from Syria

    European Union governments agreed to ban imports of Syrian oil in a move to strengthen economic pressure on the President Bashar al-Assad and his government, EU diplomats and officials said.

  • 22/09/2011 | World

    Oil tumbles more than 4%

    Oil prices tumbled more than 4 percent to six-week lows today as the US Federal Reserves weak economic outlook and disappointing China data stirred fears of a global recession and battered markets.

  • 30/09/2011 | World

    Brent down in biggest quarterly drop since Q2 2010

    Oil prices fell on renewed economic concerns, putting Brent on track for about a 10 percent drop this month and its biggest quarterly decline in five quarters.

  • 12/07/2011 | World

    US trade deficit surges to $50.2 BL in May

    The US trade gap widened much more than expected in May as a jump in oil prices helped push imports to the second highest level on record and exports fell slightly from April's record high, a US government report showed.

  • 15/08/2011 | World

    Rockhopper raises Malvinas discovery estimates

    British explorer Rockhopper Exploration PLC upgraded its estimates of how much oil it could find off the Malvinas Islands, boosting hopes that the remote territory could become a new oil province.

  • 22/08/2011 | World

    Brent oil drops as Libya civil war nears end

    Brent crude edged lower in choppy trading as investors hoped the process to restart oil exports from OPEC member Libya would begin soon as the country's six-month-old civil war neared an end.

  • 18/04/2011 | World

    Desire plunges on unsuccessful Malvinas Islands well

    British oil explorer Desire Petroleum said it had not found oil at its latest well in the Malvinas Islands and would need further funds for future drilling, wiping over half the value off its shares.

  • 21/04/2011 | World

    BP to provide US$1 billion for oil spill projects

    BP Plc has agreed to provide US$1 billion for projects in the Gulf of Mexico to restore natural resources damaged by last year's oil spill, the company and the US Justice Department said.

  • 01/06/2011 | World

    Rockhopper encouraged by tests at Malvinas well

    Rockhopper Exploration reported "enormously encouraging" results at a Malvinas Islands oil well and said it would conduct further tests over the next month to help establish its commercial viability.

  • 20/03/2011 | World

    Coast Guard looks into 'unknown substance' reports off Gulf

    The US Coast Guard is investigating reports of a "sheen" in the Gulf of Mexico off the coast of Louisiana.

  • 21/03/2011 | World

    Rockhopper expects Malvinas oil find to be viable

    British oil explorer Rockhopper Exploration said it expected its Sea Lion well in the Malvinas Islands to be commercially viable raising hopes that the territory will become a new oil province.

  • 04/04/2011 | World

    Rockhopper raises Sea Lion low case estimate

    British explorer Rockhopper raised its low case estimate of oil reserves at its Sea Lion discovery in the Malvinas Islands, boosting hopes that the remote territory will become a new oil province.

  • 01/03/2011 | World

    Bernanke: oil prices could lead to weaker growth, higher inflation

    Offering no hint that he was considering cutting short the Fed's $600 billion stimulus, Bernanke told the Senate Banking Committee he saw increasing evidence that the US economic recovery was becoming self-supporting. At the same time, he warned job growth remains far too anemic.

  • 10/03/2011 | World

    EU: Europe at no risk of Gaddafi oil 'blackmail'

    The European Union is in no danger of an oil shortage caused by the fighting in Libya and cannot be blackmailed by leader Muammar Gaddafi, European Energy Commissioner Guenther Oettinger said.

  • 10/03/2011 | World

    Gaddafi forces hit oil town, France recognises rebel council

    Muammar Gaddafi's forces launched a fresh bombardment of the eastern Libyan oil town of Ras Lanuf, rebels and witnesses said, while an official at President Nicolas Sarkozy's office said France would send an ambassador to Benghazi and receive a Libyan envoy in Paris.

  • 15/12/2010 | World

    Obama administration sues BP, others on Gulf spill

    The Obama administration sued BP Plc and four other companies tied to the Gulf of Mexico oil spill, charging violations of US environmental laws, in the opening salvo in what will likely be a lengthy legal battle.

  • 31/01/2011 | World

    OPEC worried about Egypt, but not acting yet

    OPEC is concerned by unrest in Egypt but sees no need for an immediate boost in its output as there is no shortage of oil, the group's top producer Saudi Arabia and its leading official said.

  • 22/02/2011 | World

    Brent, US crude at 2.5- year highs, producers holding informal meeting

    Both Brent and US crude oil rallied to 2.5-year highs on concerns the revolt in Libya could spread to other major oil producers in the Middle East and North Africa.

  • 26/11/2012 | Latin America

    Paraguay finds oil near border with Argentina

    Paraguayan president Federico Franco announced that starting in 2013, his country will become an oil producing nation, after a recent discovery made close to the border with Argentina.

  • 30/11/2012 | Latin America

    Brazil's Rousseff vetoes parts of oil royalties bill

    President Dilma Rousseff vetoed parts of a controversial oil royalties bill that pit Brazil's oil-producing states against the rest of the country in a battle over future oil wealth.

  • 20/04/2012 | Latin America

    Brazil committed to strengthening investments in Argentine oil sector

    Brazil’s President Dilma Rousseff met with Planning Minister Julio De Vido to debate about the decision of the Argentine government to expropriate YPF and over the investment of Petrobras in the country.

  • 17/05/2012 | Latin America

    Brazil Navy investigates new oil spill off coast

    An oil spill was discovered off Brazil's coast near the country's Espirito Santo state, Brazil's Navy said  the latest in a series of spills that have raised questions about the safety of a massive expansion of the country's oil production capacity.

  • 02/09/2012 | Latin America

    Demands for answers after Venezuela refinery blast

    Against a smoke-blackened skyline of blazing fuel storage tanks, residents who lived alongside Venezuela's biggest oil refinery wandered through what looked like a war zone for days.

  • 23/12/2011 | Latin America

    Fuel pipeline blast kills 11 in Colombia

    A huge explosion at a gasoline and diesel pipeline in Colombia killed 11 people, injured at least 70, and destroyed dozens of homes, in an incident described by President Juan Manuel Santos as a "great tragedy."

  • 05/03/2012 | Latin America

    Venezuela to ship more fuel to Syria as crackdown spreads

    Venezuela is readying a third shipment of diesel to the government of Syria even as President Bashar al-Assad intensifies a crackdown against protesters, said a Venezuelan lawmaker on Monday.

  • 31/03/2012 | Latin America

    Brazil spots new oil leak as safety worries rise

    Brazilian authorities identified a small oil leak off the shores of Rio de Janeiro on Saturday, the latest in a series of spills that has raised safety concerns over the development of some of the world's largest petroleum reserves.

  • 03/10/2011 | Latin America

    Brazil's oil future hinges on bill to share wealth

    Brazil's government is racing to forge a deal in Congress this week that it hopes will prevent a lengthy legal and political battle over its huge offshore oil reserves.

  • 09/11/2011 | Latin America

    Colombia to increase forces protecting oil, mining ops

    Colombian Defense Minister Juan Carlos Pinzon said that 6,000 soldiers would be added to around 70,000 troops defending oil and mining operations in Latin America's No. 4 oil producer.

  • 14/11/2011 | Latin America

    Chevron drilling caused Brazil oil spill

    Drilling by Chevron off Brazil's coast led to an oil spill near the US company's Frade project, an official with Brazilian energy regulator ANP said.


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