Argentina's Congress voted 208-32 to move forward with a bill giving President Cristina Kirchner the green light to seize a 51% stake in the country's largest oil and gas producer, YPF SA from Spain's Repsol YPF SA.
Once tinted by drug cartels and civil war, Colombia is now one of Latin America’s fastest growing markets and, according to the World Bank, the most secure country in the region in which to do business. Since yesterday, the country also has a new national mining agency, which is already looking for foreign investments to expand existing production and explore areas where rich deposits of key resources are suspected.
North America will head global energy investments this year, driven by boom in unconventional production, with a $392 billion on upstream capital and operating expenditures in the region, say global consultants from IHS.
Statistics Canada revealed today that the provinces of Alberta and Saskatchewan led the country in economic growth in 2011, buoyed by the extraction and exploration of their natural resources.
SABRTech Inc., a small Canadian company committed to producing and supplying biofuel for the aviation industry, it’s the winner of an international clean technology competition launched last September by the government of Nova Scotia.
Standard & Poor's Ratings Services revised its outlook on the Republic of Argentina to negative from stable. In addition, we affirmed our 'B' unsolicited long- and short-term ratings and our 'raAA' national scale rating on Argentina. At the same time, we affirmed our 'B' transfer and convertibility assessment on Argentina.
More than 2,000 international experts will meet in Montreal, Canada, next week to discuss the latest research about how climate change is altering the Arctic faster than the inhabitants, and the governments that regulate the phenomenon, can keep up with.
Syria is trying to sell gold reserves to raise revenue as Western and Arab sanctions targeting its central bank and oil exports begin to bite, diplomats and traders said.
China is expected to begin trading in crude oil futures within the year, a senior government official said on Wednesday, as the world's second-largest oil consumer and crude buyer aims to increase its say in oil pricing.
This week may provide some trading opportunities for us if all goes well now that most traders and investors are all giddy about stocks again.
Gasoline consumption in the United States has been dropping for years.
The pieces and policies for potential conflict in the Persian Gulf are seemingly drawing inexorably together.
The Keystone XL ruckus shone a light on pipelines like never before
Hydrocarbons have become the lifeblood of this modern era.
Brazil has temporarily banned Chevron from drilling in the country after it caused an oil spill off the coast of Rio de Janeiro, raising doubts about the company’s role in one of the industry’s biggest investment programmes.
Late on Wednesday, Brazil’s National Petroleum Agency (ANP) accused the U.S. company of negligence late on Wednesday, announcing it would suspend all of Chevron’s drilling until it clarified the reasons for a spill that released almost 3,000 barrels of oil into the sea earlier this month.
Analysts believe that the Brazilian government is keen to make an example of Chevron as a warning to other foreign companies looking to take a share of Brazil’s pre-salt reserves, which are estimated to contain as much as 50bn barrels of oil.
Part 1 suggested the macro force of “peak oil” which will constrain global oil supplies, will push the price of oil higher. Yet if peak oil occurs, it implies peak debt and GDP.
Who do you think will be the world’s largest oil producer a few years from now? Saudi Arabia? Russia? Canada with its Oil Sands?
To measure a country's greenhouse emissions from fossil fuels, it makes sense to consider the whole carbon supply chain, from oil well or coal mine to a consumer's shelf, scientists reported on Monday. Currently, putting a price on climate-warm…
The recent recession-fear craze hammered commodities prices, crushing the stocks of the companies that produce them.
With the world forging ahead in this modern industrial and technological era, the king of commodities continues to flex its muscles as the most indispensable of resources.
Early indications are that Obama's job speech last night failed to impress. Europe is down, or essentially flat. Gold is rallying for a second straight day ..
Although there have been numerous economic reports to derail oil (NYSE:USO), the black gold continues to hold firm.
After viewing a few hundred charts, I have determined that while I am still leaning into higher prices at this point in time, I will not totally rule out a rollover on the S&P 500. In coming days the news flow will be extreme and headline risk will be everywhere we look. The S&P 500 has been able to deflect worry for quite some time now and in every case the resiliency is unquestionable.
Libya is one of the worlds major oil exporters so the concern about the outcome of the current civil unrest is most certainly warranted.
Just when the bears think they have escaped and are home free, Mr. Market reminds them who is in charge
Orezone Gold Corporation (ORE:TSX) is pleased to announce that it has completed the sale of its Sega Gold Project ("Sega") in Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately US$26.5M.