Energy & OilEnergy & Oil
Argentina's new subsidies’ scheme will have an “insignificant” impact on prices since the whole package basically involves a 'redistribution' of funds, argued Cabinet Chief Jorge Capitanich, emphasizing the decision aims at “encouraging the rational and responsible use of public services.”
Shareholders of Spain's Repsol approved the oil major's 5 billion dollars settlement with Argentina over the 2012 seizure of YPF at an annual meeting on Friday. The agreement had already been approved by the Argentine Congress and by the board of the Spanish company.
By James Stafford, Oilprice.com - Having ridden roughshod over Ukraine, Russia's annexation of the Crimea is now over and a new chapter in Ukrainian politics is about to begin—but it won't be much different than the last chapter, with the same old faces surfacing for May presidential elections.
Former Brazilian president Fernando Henrique Cardoso said Congress should investigate a growing scandal surrounding the controversial 2006 purchase by oil giant Petrobras of a Texas refinery.
US President Barack Obama has told the European Union it cannot rely on the United States alone to reduce its dependency on Russian energy, as relations with Moscow chill over its seizure of Crimea from Ukraine.
The highest paid woman on a list of 500 Houston oil executives (2009) will be in the Falkland Islands next week with Noble Energy. She is scheduled to hold meetings with the local business community and members of the public for an operational update on Noble's Falklands' campaign.
By Oliver Stuenkel (*) - Brazil, foreign policy observers often point out, is blessed. Contrary to many other emerging powers such as China or India, it is located in a region that rarely experiences interstate tension or war. Not only can Brazil live on a relatively small defense budget, while India is the world's largest arms importer. Brazil can also dedicate considerable time and energy towards extending its global diplomatic reach without constantly being forced to deal with trouble in its neighborhood.
A scandal surrounding the costly acquisition of a Texas oil refinery by Brazilian state-run energy company Petrobras years ago resurfaced Wednesday after new questions arose about President Dilma Rousseff’s handling of the deal, which involved a sum of 1.2bn dollars.
According to Reuters, Crimea may nationalize oil and gas assets within its borders belonging to Ukraine, and sell them off to Russia. Crimea’s Deputy Prime Minister hinted at the possibility that it would take control of Chornomorneftegaz, a Ukrainian state-owned enterprise, and then “privatize” it by selling it to Gazprom.
Venezuela said the current political unrest in the country poses no danger to the future of the Bolivarian Alliance for the Peoples of the Americas(ALBA) and the oil initiative PetroCaribe.