Energy & Oil

Energy & Oil
Saturday, March 29th 2014 - 05:43 UTC

Argentina denies the subsidies reduction will have an inflationary impact

Capitanich argued it's a 'redistribution' of funds

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.”

Saturday, March 29th 2014 - 05:29 UTC

Repsol infighting reveals disappointment with CEO Brufau

Pemex among other stake holders wants Brufau replaced

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.

Friday, March 28th 2014 - 19:45 UTC

Why Ukraine's next president doesn't matter

James Stafford is the Editor of Oilprice.com

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.

Thursday, March 27th 2014 - 08:16 UTC

Petrobras scandalous purchase of US refinery should be addressed by Congress

Cardoso favors a cross-party investigative commission to shed light on the purchase of Pasadena Refinery System

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.

Wednesday, March 26th 2014 - 22:44 UTC

Obama suggests a transatlantic trade pact would cut Europe' dependency on Russian energy

EU wants access to US natural gas, but is reluctant to support fracking in the continent

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.

Saturday, March 22nd 2014 - 12:42 UTC

Falklands' operational campaign to be informed by US oil industry leader

Susan Cunningham flies to the Falklands on Monday

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.

Saturday, March 22nd 2014 - 08:01 UTC

The Falklands/Malvinas: Brazil’s next regional headache?

When Foreign Secretary William Hague recently visited Brazil, the Falklands/Malvinas issue was not on the agenda, according to Stuenkel

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.

Thursday, March 20th 2014 - 06:57 UTC

Dilma Rousseff questioned on “flawed” report that cost Petrobras 1.2bn

At the time of the operation in 2006, the Brazilian president was chairwoman of Petrobras

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.

Tuesday, March 18th 2014 - 06:34 UTC

Russia eyes Crimea’s oil and gas reserves

Crimea with Russian flags celebrating the outcome of the referendum

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.

Friday, March 14th 2014 - 08:52 UTC

Venezuela reassures fearful Caribbean allies about ALBA and PetroCaribe

Ambassador Escalona Barrueta: agreements will continue in full force

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.

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