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Business 02 Jan 2006 | 12:00 AM Premium

Venezuela regains control of 32 privately operated oil fields

CARACAS, Venezuela: Thirty-two privately operated Venezuelan oil fields returned to state control on Sunday with the start of the new year, the government said.

Business 21 Nov 2005 | 12:00 AM Premium

KNM aims for world’s top-10 spot

KNM Group Bhd aims to capture 3% of the market for oil and gas, and petrochemicals over the next five years from the present 0.5%, said managing director Lee Swee Eng.

Business 09 Sep 2005 | 12:00 AM Premium

Brazil's oil giant gets license for controversial gas pipeline in Amazon

Brazil's Environmental Protection Agency Ibama said Thursday it has licensed a unit of the state-run oil company Petrobras to start building a controversial gas pipeline cutting through pristine Amazon forest.

World 22 Aug 2005 | 12:00 AM Premium

Ecuador oil protesters agree to talk, call truce

QUITO, Ecuador (Reuters) - Leaders of protests that shut down Ecuador's oil industry halted their attacks and flew to the capital on Sunday to negotiate with the government as the country's petroleum output showed signs of recovery.

Business 03 Jun 2005 | 12:00 AM Premium

Stocks rise in Mexico, Brazil, Argentina, Chile

Mexican stocks closed higher Thursday, rising for a second straight session on gains in blue chips.

Business 03 Jun 2005 | 12:00 AM Premium

Brazil's oil production hits new record

Brazil pumped a record 1.73 million barrels of oil a day in May and expects to reach self-sufficiency within a year, the federal oil company Petrobras said Thursday.

Business 18 Nov 2004 | 12:00 AM Premium

Brazil increases basic lending rates by 0.50%

Fearing inflation could jeopardize the financial stability of Latin America's biggest country, Brazil's Central Bank on Wednesday increased the country's prime lending rate for the third consecutive month.

Business 08 Jul 2004 | 12:00 AM Premium

Foreign firms making beeline for China’s oil sector

China's oil boom is drawing a new wave of foreign companies to open offices on the mainland or boost their Chinese business from Singapore to grab a slice of the world's second-largest oil consumer.

Business 27 May 2004 | 12:00 AM Premium

Keppel gets US$639m Brazilian oil rig deal

Singapore conglomerate Keppel Corp said yesterday it won a US$639mil contract in partnership France's Technip from Brazil's state energy company Petrobras to build an oil rig.