SAO PAULO, Nov. 16 /PRNewswire-FirstCall/ — GOL Linhas Aereas Inteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), the largest low-cost and low-fare airline in Latin America, has joined the Sustainable Aviation Fuel Users Group (SAFUG), which unites airlines and technology providers in a joint drive to accelerate the development of new, sustainable aviation fuels [...]
BOGOTA, Sept. 10 /PRNewswire-FirstCall/ — ECOPETROL S.A. (NYSE: EC - News) announced the end of drilling of the Quifa-7 well (Prospect H) to a depth of 3,097 feet, with preliminary well evaluation data indicating good potential of oil accumulation on the Carbonera Basal Sands Formation.
The exploratory well Quifa-7 was drilled by Meta Petroleum LTD, Operator [...]
PHOENIX, April 28 /PRNewswire-FirstCall/ — InMedica Development Corporation (OTCBulletinBoard: IMDD) , dba, WindGen Energy, Inc. entered into an exclusive License Agreement with Wind Sail Receptor, Inc. of Boulder City, Nevada for the marketing, sales, and distribution of Wind Sail Receptor’s Wind Turbines for converting wind energy into electrical energy. Wind Sail Receptor’s patented technology includes [...]
By Braden Reddall
SAN FRANCISCO (Reuters) - Chevron Corp (CVX.N) expects its fourth-quarter earnings to be significantly lower than the previous quarter due to the impact of lower energy prices on its exploration and production business.
The second-largest U.S. oil and gas company also said on Thursday its U.S. oil-equivalent production in October and November was 608,000 [...]
By Andrea Jaramillo and Michael J. Moore
Dec. 1 (Bloomberg) — For five years, Mario Hernandez’s Bogota-based, leather goods-company sent record shipments of designer wallets, purses and shoes over the border to Venezuela. Demand got so hot, Hernandez says with a laugh, that he started signing autographs at stores and restaurants in Caracas.
That boom, part of [...]
SAO PAULO, Nov 3 (Reuters) - Brazilian state-controlled oil giant Petrobras (PETR4.SA: Quote, Profile, Research, Stock Buzz)(PBR.N: Quote, Profile, Research, Stock Buzz) said Monday it shipped crude oil at a record rate of 574,000 barrels per day (bpd) in October, totaling 17.8 million barrels.
Almost two thirds of the oil was shipped to the United [...]
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 [...]
As the Price of Crude Plunges, Venezuela Is Poised to Face a Lot of Pain
BOGOTA, Colombia — Venezuelan President Hugo Chávez has delighted in the economic meltdown in the United States, mocking the Bush administration for its bailout plan and predicting the end of American economic dominance.
“The U.S. model of capitalism is collapsing,” Chávez, a [...]
• Self-reliance beckons for communist state
• Estimate means reserves are on a par with US
# Rory Carroll, Latin America correspondent
# The Guardian,
# Saturday October 18 2008
Friends and foes have called Cuba many things - a progressive beacon, a quixotic underdog, an oppressive tyranny - but no one has called it lucky, until now .
Mother [...]
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 [...]
