August 12 2008
Argentina: Argentina's oil and gas sector murky as energy supplies dwindle
To sustain the country's economic growth by maintaining the nation's energy supply, Argentina's oil and gas industry will need significant private investment.
In a report published Monday Standard & Poor's cried analysts Luciano Gremone said another significant issue for Argentina to attain long-term energy supply is the renegotiation of the utilities' concession contracts and licenses mandated by the government in early 2002 to improve the energy infrastructure network.
Canada (Alberta): Edmonton refinery trouble may cause gas shortage
Petro-Canada stations in Alberta and the B.C. Interior may run out of gasoline because of trouble at its Edmonton refinery, the company warned today.
Customers will be able to tell if a station is out of gas by "zeroed-out" price signs, Petro-Canada said in a news release.
Ecuador: Persiste escasez en la Amazonia
The National Directorate of Hydrocarbons (DNH) called for the militarization of fuel pumps in the provinces of Sucumbios and Orellana still shortages. The measure is to curb smuggling to Colombia, and which has resulted in the fuel shortage.
The military have stayed 24 hours a day at work monitoring, control and information gathering.
Ecuador: Los problemas por la falta de vuelos se agravan en Pastaza
The shortage of fuel for aircraft in Napo and Pastaza will be tested this week by representatives of the National Directorate of Hydrocarbons (DNH).
Henry Orellana, president of the Association of Air Operators of Pastaza, reported that the meeting will take place in Quito.
"We hope that the problem is solved. The restriction began three months ago. In addition, it is necessary to explain why they increased the price of fuel. Each gallon rose from $ 5 to U.S. $ 7.25."
Mexico: Preocupa a transportistas escasez de diesel; necesitan 300 mil litros diarios
The low supply of diesel is causing concern to the guild carrier because they require 300 thousand liters daily of that fuel, to supply 1 thousand trucks, in one month are 9 million litres of diesel.
Nigeria: Shell Investigating Whether Flow Station Attacked in Nigeria
The Niger Delta Vigilante, a group allegedly affiliated with the Movement for the Emancipation of the Niger Delta, or MEND, said it sabotaged a pipeline owned by the Nigerian National Petroleum Corp. that supplies natural gas to the Alakiri flow station, Reuters reported.
UAE: Electricity shortage to hit GCC real estate
A shortage of electricity in the Northern Emirates and other GCC states will bankrupt many real estate developers if they fail to introduce private generation, says a top energy analyst.
Economist Dr Anas Alhajji, who toured the Gulf recently to determine the effects of power shortfalls in region, told Emirates Business the problem was likely to worsen and alternative measures would have to be taken to deliver projects.
