The arrest of 19 people accused of corruption highlights the dirty by-product of the country’s booming economy in renewable fuel.
Powerful wind turbines churned the air above La Muela last week but the stir in this small Aragonese town was caused by the arrest of the mayor and 18 other people on charges that reveal a [...]
CARACAS - Venezuela’s state-run energy company will sign a deal with five Russian oil companies to produce and refine Venezuelan oil during a visit by the Russian leader this week, the energy minister said Sunday.
Russian President Dmitry Medvedev is due in Caracas Wednesday for a two-day visit which will coincide with the arrival of [...]
The continued fluctuating dollar value of petroleum and the need for sustainable energy has made agricultural crops such sugarcane, corn and others, realistic and targeted commodities to be used to supply sustainable energy in the future. This makes agriculture a key player in the search for renewable energy supplies.
The Caribbean and indeed the world is [...]
Herald News Services
Published: Saturday, November 01, 2008
Brazil’s Petroleo Brasileiro SA and Cuba’s state-run petroleum company have signed an agreement to explore for oil off the Communist island’s coastline about 160 kilometres from Key West, Fla.
Brazilian President Luiz Inacio Lula da Silva signed the agreement with his Cuban counterpart, Raul Castro, at a ceremony Friday in
Havana. [...]
By ANNE-MARIE GARCIA
HAVANA (AP) — Brazil’s state-run oil company signed an agreement Friday to explore for oil in deep Caribbean waters north of Cuba that officials in Havana say could contain 20 billion barrels of crude.
Under the deal, Brazil’s Petroleo Brasileiro SA would spend seven years on exploration and — if the reserves are confirmed [...]
By Matthew Walter and Steven Bodzin
Oct. 27 (Bloomberg) — The same tumbling oil prices that led OPEC to slash output last week threaten to send Venezuela’s economy into a tailspin, and put an end to President Hugo Chavez’s ambitions to expand his socialist revolution at home and abroad.
To cope with plummeting oil revenue, the [...]
The Government of Dominica in collaboration with the European Union, The Regional Council of Guadeloupe, the Agence Francaise de Developpement and other French development partners is forging head with plans to exploit the country’s geothermal resource. This information came to light at the first Project Steering Committee Meeting for the Geothermal project held recently.
The Meeting [...]
By Matthew Walter
Oct. 16 (Bloomberg) — Venezuela, the biggest oil exporter in the Americas, is currently supplying 300,000 barrels of oil a day at subsidized prices to poor countries in South America and the Caribbean, President Hugo Chavez said.
The president said Venezuela will continue to press the Organization of Petroleum Exporting Countries to provide [...]
SINGAPORE (Reuters) - Oil rose more than $3 on Friday, rebounding from a 15-month low below $70 on a late rally on Wall Street and growing expectations of an OPEC production cut.
U.S. equities, the oil market’s leading barometer of global economic health, staged a late surge on Thursday as investors snapped up battered shares a [...]
By Matthew Walter
Oct. 6 (Bloomberg) — President Hugo Chavez has figured out how to use Venezuela’s vast oil reserves to increase his regional influence while diminishing U.S. clout: He all but gives it away.
The self-proclaimed socialist revolutionary is allowing impoverished U.S. allies such as Honduras and the Dominican Republic to buy discounted oil with [...]
