Energy & Oil

Energy & Oil
Monday, July 28th 2014 - 07:30 UTC

Cash-short Venezuela considering the sale of its US downstream subsidiary

Citgo includes thousands of gasoline stations plus several refineries and storage facilities

Venezuela's state-run oil company Petroleos de Venezuela SA (PDVSA) is considering offers to sell its U.S. downstream subsidiary Citgo, industry research group Argus Media reported on its website last Friday.

Friday, July 25th 2014 - 06:26 UTC

Uruguay oil and gas summit schedules for next November

This Summit follows the announcement by Ancap of the third oil bidding round, the Ronda Uruguay III

Global Summits Organizer IRN and Grupo BG de Eventos will be launching the inaugural Uruguay Oil & Gas 2014 Summit which will take place on 17th-18th November in the capital of Uruguay, Montevideo. This Summit follows the announcement of the third oil bidding round, the Ronda Uruguay III.

Thursday, July 24th 2014 - 06:18 UTC

Humala signs contract for pipeline that will make Peru a leading gas exporter of the region

President Humala said after the signing ceremony that the deal is an historic milestone for natural gas development

The consortium made up of Spanish energy company Enagas and Brazilian construction giant Odebrecht signed a contract on Wednesday with Peru's Energy and Mines Ministry for the construction and operation of a natural gas pipeline that will run from the Camisea gas fields to the Pacific port of Ilo.

Monday, July 21st 2014 - 07:06 UTC

Guyana offshore oil exploration hampered by neighboring Venezuela

 Natural Resources and Environment Minister Robert Persaud

Guyana’s offshore exploration for oil in areas being contested by neighboring Venezuela is being faced with setbacks. Natural Resources and Environment Minister Robert Persaud in making the revelation said this is linked to the expulsion and temporary seizure of the Malaysian seismic research vessel, RV Teknik Perdana, by Venezuela’s Navy last year.

Friday, July 18th 2014 - 08:53 UTC

Falklands enters oil production stage: contract awarded for designing tension leg platform

Prototype of TLP with over 30,000 tons of topsides for the 450-metres Sea Lion deep offshore location

International engineering and project management company, AMEC, will be the company responsible for designing Premier Oil’s tension leg platform (TLP) for the Sea Lion Development in the North Falklands Basin, 200 kilometers to the north of the Falkland Islands.

Monday, July 14th 2014 - 06:07 UTC

US consolidating as world's biggest oil and natural gas producer

Oil extraction is soaring at shale formations in Texas and North Dakota as companies apply fracking

The US will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs US economic recovery, Bank of America Corp. said in a report.

Monday, July 14th 2014 - 05:49 UTC

Russia interested in Argentina's shale deposits, says Cristina Fernandez

“A Russian delegation will travel to Vaca Muerta to visit one of the largest shale gas areas of the world” announced Cristina Fernández

President Cristina Fernandez confirmed Russia’s interest in investing in Argentina's Vaca Muerta shale formation in Patagonia and announced that a Russian delegation will travel soon to the area, which holds one of the largest shale gas and oil reserves of the world.

Monday, July 14th 2014 - 05:24 UTC

Russia offers to build (and finance) two new nuclear power plants in Argentina

“Rosatom is actively working here and has already handed over its technical and commercial offer to our (Argentine) colleagues,” said minister Novak

Russian President Vladimir Putin signed on Saturday a nuclear energy cooperation deal with Argentina on the third stop (Cuba, Nicaragua) of a tour to bolster trade ties and strengthen Russia’s influence in Latin America.

Friday, July 11th 2014 - 22:28 UTC

Falklands: Premier looking for a partner to develop the 5bn Sea Lion project

 “It’s a too-big project for Premier to take on its own and we don't want to become a pure Falklands company in five years' time” said CEO Durrant

Premier Oil Plc newly appointed Chief Executive Officer Tony Durrant said that one of his priorities is to find a partner to share the 5bn dollar investment to develop the Sea Lion project off the Falkland Islands, because it does not want to become a 'pure Falkland Islands company in five years time'.

Tuesday, July 8th 2014 - 07:49 UTC

Falklands' Stanley airport prepares for oil and gas exploratory drilling

  Stanley airport appliances do not meet basic regulatory requirements.

With increased exploratory drilling activity anticipated in the Falkland Islands next year, and Stanley airport expected to play a leading role, the Falklands government is investing in additional fire-fighting equipment to meet the needs of the helicopters servicing the rigs.

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