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index-November-2008-1.html English News Blog for  Ecuador English News Blog November Archive 

Norweigan company gets seismic contract

11/23/08 03:50

In an effort to support Ecuador's plan to improve its hydrocarbon potentials, one of Ecuador's largest petroleum companies contracted a Norweigan company to have a seismic review of the offshore oil locations in Ecuador. More details about that here at TradingMarkets.com

News: SGPHF SCAN Geophysical ASA receives seismic project offshore Ecuador

Ecuador : Pass to Another Oil Production Cut

Oil Minister Derlis Palacios or Ecuador say that his government will ask Organization of Petroleum Exporting Countries (OPEC) for an exception if the oil cartel decides to slash their production for the second time in a month. He added that Ecuador deserves to avoid the reduction because about 40 percent of their national budget comes oil exports and their production is marginal. Now, Ecuador produces about 493,000 barrel of oil a day by following OPEC's rule.

[404 Check: was link to http:/ / ap. google. com/ article/ ALeqM5h8w30ZfTqRbfd_ jhTITL18AUwyDAD94C6D480, anchor: News: The Associated Press: Ecuador to ask OPEC for exception to cutbacks]

A Volcanic Eruption Threat in Ecuador

Volcanoes are a natural beauty yet dangerous gift of nature for it has the capacity to cover a whole city with its molten lava and magma. What if a popular tourist destination such as Ecuador started to experience such natural phenomena, what will the local government and its people do? What impending threats will it cause the country? To learn more about the history and what may happen to the areas around the Raventador Volcano of Ecuador, you may read it here:

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