0 CommentsPosted: Thursday 17/09/2009 10:36 by: Staff Writer
The AES Corporation announced today the start of commercial operations of three new facilities across its global portfolio: Guacolda 3, a 152 MW coal plant in Chile; Huanghua I, a 49.5 MW wind farm in China; and Amman East, a 380 MW combined cycle gas plant in Jordan. The facilities build on AES' diverse portfolio of generation and distribution businesses across energy source, technology, and geography.
0 CommentsPosted: Friday 12/06/2009 13:42 by: Paul H
The Bahamas, which has no proven reserves of oil or natural gas, is totally reliant on imports to meet its energy needs. A major upcoming development project, however, could change this situation in the foreseeable future.
0 CommentsPosted: Wednesday 27/05/2009 09:44 by: Paul H
Ecopetrol S.A. (NYSE:EC) reported today its closing of the deal with Maurel & Prom for the acquisition of Hocol, a company engaged in the exploration and production of hydrocarbons, according to the terms that were announced last 10 March 2009.
0 CommentsPosted: Wednesday 29/04/2009 10:06 by: Paul H
A net income of Ch$165,785 million is the result of Endesa Chile, a subsidiary of the Enersis Group, for the first quarter of 2009, a figure comparing favorably with the Ch$68,413 million of income reported for the same period of 2008. This is the result of better operating and financial results, compensated by reduced income from investments in related companies. It should be pointed out that these figures are presented for the first time following the methodology of the international financial reporting standards (IFRS), in replacement of Chilean GAAP.
0 CommentsPosted: Wednesday 04/03/2009 10:08 by: Paul H
For the last 4 years, soaring worldwide oil prices and 9% growth rates have underpinned President Chavez's generous social programs & his (none too successful) campaign to build an international anti-American alliance. The oil windfall saw the socialist government of Venezuela threaten to divert oil exports from the US to competitors in China and India, even though the Asian markets would be costlier to serve. Currently, 60% of Venezuela's production goes to the States.
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