Industry Developments

Brazilian state-controlled oil company Petróleo Brasileiro (Petrobras) has delayed the release of its new business plan until the end of 2008 in order to evaluate the potential... 2008-10-20

The Bolivian government has signed a document agreeing to compensate US-based Ashmore Energy International for its 25% stake in the Transredes pipeline company that the government... 2008-10-20

Brazilian state-controlled oil company Petróleo Brasileiro (Petrobras) has delayed the release of its new business plan until the end of 2008 in order to evaluate the potential... 2008-10-20

Canadian independent EnCana has put its plans to divide the company into two entities focusing respectively on natural gas and oil sands on hold, citing 'uncertainty and volatility... 2008-10-17

Colombian state-controlled oil company Ecopetrol has reportedly taken control of an oil field from an Indian-Chinese joint venture (JV), in a move which raises questions over the... 2008-10-16

Venezuelan President Hugo Chávez has indicated that the country may be forced to curb its social spending and practise 'austerity' as oil prices fall, reducing the country's export... 2008-10-16

Britain's BP has announced an oil discovery at the Freedom prospect (formerly also referred to as the Gunflint prospect) in Mississippi Canyon Block 948, in the deepwater Gulf... 2008-10-15

Russian state-controlled gas company Gazprom is reportedly on the verge of securing a 27% stake in Canada's Rabaska liquefied natural gas (LNG) terminal. Gazprom chief executive... 2008-10-14

The Mexican Senate is due to vote on a package of legislative reforms within the next week that are designed to address declining crude production and to attract foreign expertise... 2008-10-14

Canadian explorer Solana Resources has announced test flow results from its Los Aceites-1 well in the Guachiría block in Colombia's Llanos Basin.