Energy & Oil

Thursday, November 16th 2017 - 19:09 UTC
Petrobras shares plunge after disappointing third quarter earnings

Shares of Brazil’s Petrobras plunged 7.8% on Tuesday a day after the state-controlled oil company reported disappointing third-quarter earnings. The company also announced that during October oil production remained stable but gas was down 1.5%
Thursday, November 16th 2017 - 19:01 UTC
October inflation in Argentina reaches 1.5% and 19,4% in ten months

Argentina’s consumer prices rose 1.5% in October, government statistics agency Indec said on Tuesday, bringing 10-month inflation to 19.4%. It was the second month in a row that cumulative inflation for 2017 was above the upper band of the central bank’s target range for inflation, between 12% and 17% this year. Private sector economists expect inflation of 23% this year and 16% in 2018.
Thursday, November 16th 2017 - 15:15 UTC
Falklands announces new Legislative Assembly and portfolios assigned

The new Legislative Assembly of the Falkland Islands has been announced, following the General Election which concluded on Thursday 9th November.
Saturday, November 11th 2017 - 08:55 UTC
YPF will relocate investment from natural gas to crude oil, because of changes in subsidies policy

Argentina's state-run oil company YPF is “disappointed” by cuts to the government's natural gas production subsidies and will re-allocate investment toward crude oil production.
Wednesday, November 8th 2017 - 10:50 UTC
Oil markets settle lower, but prospects are in place for prices to continue climbing

Oil settled lower on Tuesday after rising to the highest since July 2015 the previous day, while tension flared between Saudi Arabia and Iran, and the Saudi crown prince tightened his grip on power.
Wednesday, November 8th 2017 - 05:06 UTC
Mexico strikes its biggest onshore oil discovery in 15 years; production should begin in 2019

Mexico’s national oil company Pemex has made its biggest onshore oil discovery in 15 years with a find in the eastern state of Veracruz, President Enrique Peña Nieto announced. Pemex made the discovery by drilling its onshore Ixachi well, near the municipality of Cosamaloapan and the overall field is believed to hold some 350 million barrels of proven, probable and possible reserves.
Tuesday, October 31st 2017 - 08:30 UTC
Brazil: the return of deepwater oil

By Nick Cunningham of Oilprice.com - On a historic auction for deepwater oil assets in Brazil, the oil majors showed up on October 27 and bought several offshore blocks, indicating a high level of interest in the country after a major policy overhaul allowed private investment.
Thursday, October 26th 2017 - 06:49 UTC
YPF unveils ambitious US$ 30bn five-year investment plan

Argentina's state-controlled energy company YPF has unveiled a US$ 30bn five-year investment plan to boost oil production and sharpen its focus on electric power generation. Some US$21.5bn will come from YPF's own coffers, with the remainder to be sourced from its project partners, the company said in a statement on Wednesday.
Saturday, October 21st 2017 - 07:30 UTC
Uruguay government announces presence of hydrocarbons in an exploratory well

The Uruguayan government announced on Friday the presence of hydrocarbons in the north west of the country, in the framework of exploratory drilling by US based Schuepbach Energy. The discovery took place in the county of Paysandu, some 400kms north of the capital Montevideo.
Friday, October 20th 2017 - 05:18 UTC
Some thoughts about the 9 November Falklands' general election

By John Fowler - At the time of going to press, so far sixteen brave or foolhardy souls have declared their candidature for the General Election. This is one more than in 2013 and may be the most ever. With an average age of less than fifty years this group is almost certainly the youngest. Gone, it would seem, are the days when only the wealthy, retired, unemployed, or possibly unemployable old were available to stand.