Energy & Oil

Energy & Oil
Tuesday, August 5th 2014 - 06:21 UTC

IDB finances photovoltaic solar energy project for private sector in Uruguay

With a total installed capacity of 64.8MW, the plant will be part of the La Jacinta Solar Energy Project located in northwest Uruguay

The Inter-American Development Bank (IDB) has approved a 40.9 million dollars loan from its ordinary capital and 25 million from the Canada Climate Fund, which is administered by the Bank, to finance the private sector in Uruguay in the construction, operation and maintenance of a photovoltaic solar energy plant and its related facilities.

Monday, August 4th 2014 - 06:55 UTC

GeoPark has plans to drill 35 exploratory wells in Chilean Tierra del Fuego by end of 2014

GeoPark Chile CEO Harambour said the company has created 183 direct jobs and 930 indirect

Oil and gas explorer GeoPark expects to end the year having drilled 35 wells in Chilean Magallanes and Tierra del Fuego, which must be added to the 560 million dollars the company has invested in the region since it began operations in 2006, said the company in an economic impact report presented by consultants Gemines.

Friday, August 1st 2014 - 14:52 UTC

Five industries worried about peak oil

 From war veterans seeking a replacement limb to young children who run with scissors, crude oil helps; not to say bandages and artificial arms and legs alike

The debate over the impact of peak oil has been raging for decades. Although few deny that the end of mass oil consumption is drawing nearer, educated estimates now range between 2020 and 2030.

Thursday, July 31st 2014 - 22:19 UTC

Falklands Chamber of Commerce re-elects Spink; forecast of busy 2015 propped by oil and squid

Roger Spink said it had been a positive year and highlighted FICOC contacts with Punta Arenas and Montevideo

Falkland Islands economy will keep growing and businesses will be busy next year spurred by the oil industry and better Illex catches, anticipated Falkland Islands Chamber of Commerce, FICOC, Roger Spink who was re-elected as head of the Board of Directors.

Wednesday, July 30th 2014 - 01:34 UTC

UK to encourage extraction of natural gas and oil from shale rock to help with declining production

“Unlocking shale gas in Britain has the potential to provide us with greater energy security, jobs and growth,” said energy minister, Matthew Hancock

The British government plans to make more land available for licensing for oil and natural gas exploration in the first such expansion since 2008. The move, which had been anticipated by the oil and gas industry, could prove to be a milestone in efforts by the government of Prime Minister David Cameron to encourage the extraction of natural gas and oil from shale rock.

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.

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