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Business 27 May 2004 | 12:00 AM

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.

Business 08 Jul 2004 | 12:00 AM

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 18 Nov 2004 | 12:00 AM

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 03 Jun 2005 | 12:00 AM

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 03 Jun 2005 | 12:00 AM

Stocks rise in Mexico, Brazil, Argentina, Chile

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

World 22 Aug 2005 | 12:00 AM

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 09 Sep 2005 | 12:00 AM

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.

Business 21 Nov 2005 | 12:00 AM

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 02 Jan 2006 | 12:00 AM

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 05 Feb 2006 | 12:00 AM

New president of Bolivia's state energy company envisions continental partnership

The new president of Bolivia's state energy company said Saturday he wants to help create a continentwide energy alliance that would compete with powerful multinationals and eventually control the price and production of oil and gas in Latin America.