Energy & Oil

Energy & Oil
Monday, September 12th 2016 - 10:19 UTC

Guyana working to establish an onshore oil and gas facility to boost the incipient industry

 Guyana said that as industry continues to evolve, “early plans must be put in place to harness synergies and benefits that will arise” said minister Raphael Trotman

The Guyana government intends to establish an onshore oil and gas facility in the country as it seeks to fully optimize opportunities in petroleum exploration and production. The Ministry of Natural Resources, working in conjunction with the Ministries of Public Infrastructure and Business, says it believes that this facility is critical and said it is part of the raft of measures intended to ensure that Guyana keeps on the right trajectory in the development of the oil and gas industry.

Sunday, September 11th 2016 - 16:40 UTC

Brazil's ex attorney general claims he was fired for trying to deepen Petrobras corruption case

“The government wants to smother the Car Wash probe. It is very worried,” Medina Osorio was quoted as saying by Veja.

Brazil's new government is trying to stifle a corruption investigation targeting politicians and major parties, the former attorney general said in a magazine interview a day after being replaced by President Michel Temer. The former official, Fabio Medina Osorio, told weekly magazine Veja that he was fired because he tried to deepen the so-called “Car Wash” corruption probe into the country's oil company Petrobras.

Saturday, September 10th 2016 - 11:47 UTC

Falklands' response to Malcorra's statements of air links to Argentina and the oil industry

”The Falkland Islands Government (FIG) has seen the articles in the media attributed to the Argentine Foreign Minister, Susana Malcorra.

The Falkland Islands Government has acknowledged it is aware of media coverage of Argentine foreign minister Susana Malcorra referred to proposals of possible air links between the Islands and Argentina as well as talks on other areas of interest such as the fishing and hydrocarbons industries.

Friday, September 9th 2016 - 06:07 UTC

Argentina promises 'respectful' cooperation over Falkland Islands

 Argentina is willing to consider resuming direct flights to and from the Falklands and joint UK-Argentine exploration of hydrocarbons around the Islands

The Guardian's diplomatic editor Patrick Wintour caught up with Argentine foreign minister Susana Malcorra in London and interviewed her on UK-Argentina relations and the Falklands/Malvinas dispute. Ms Malcorra said Argentina wants to end the era of confrontation over the South Atlantic islands.

Wednesday, September 7th 2016 - 17:54 UTC

Falkland Islands Holdings declares lower profitability; plans name change

FIH Plc said the timing of the name change was “heavily linked to a recovery in the oil price” and recent progress by Premier Oil PLC was “very encouraging”.

Falkland Islands Holdings PLC on Thursday tabled plans to change its name to FIH Group PLC, as it said profitability in the first five months of its financial year was at a lower level than the prior year. Falkland Islands Holdings, which owns services businesses based in the UK and the Falkland Islands, said it will change its name to FIH Group, subject to shareholder approval, to “more properly reflect the balance of the group's activities”. Its activities are now predominantly in the UK and Europe.

Tuesday, September 6th 2016 - 19:36 UTC

Cuba looking for new oil supplier and begins implementing social security tax

According to Russia's RT news agency Raul Castro made the request directly to Vladimir Putin

President Raul Castro has asked Russia to consider beginning to supply Cuba with oil. Before the Soviet Union’s disintegration in 1991, the ex URSS was Cuba’s main supplier under favorable trade terms. Russia's official news network revealed the news, allegedly in a direct request from Castro to president Vladimir Putin.

Tuesday, September 6th 2016 - 18:21 UTC

Russia and Saudis agree to “act together” to lift price of oil from its two-year slump

Russia's energy minister, Alexander Novak, hailed the cooperation as marking a “new era” in relations between Moscow and Riyadh.

Energy ministers from the world's two largest oil producers, Russia and Saudi Arabia said on Monday that their countries had agreed to “act together” to lift the price of oil out of its two-year slump, though they provided few details as to how they planned to achieve that goal.

Wednesday, August 31st 2016 - 05:03 UTC

Norway's Statoil and Petrobras expand strategic alliance and cooperation

The agreement was signed by Petrobras’ president and CEO, Pedro Parente, and Statoil’s CEO, Eldar Sætre, during the ONS 2016 conference in Stavanger.

Norways' StatOil and Petrobras have signed a memo of understanding to strengthen their cooperation in Brazil. The two major companies are are already partners in 13 blocks and the intention of the MoU is to evaluate joint participation in future tenders for exploration areas and to increase upstream collaboration in producing fields in the Santos and Campos offshore basins.

Saturday, August 27th 2016 - 05:32 UTC

Tierra del Fuego gas field inauguración suspended; Macri wants to attend

Apparently the ceremony has been postponed for October, when president Macri is expected to attend visiting the offshore rig

The inauguration ceremony of the Vega Pléyade natural gas field offshore Tierra del Fuego scheduled for Friday, has been postponed, although no official explanation has been given, it is believed that Argentine President Mauricio Macri was determined to attend, but his political agenda is too full precisely over the energy controversy and the fact next week he flies to China for the G20 summit.

Friday, August 26th 2016 - 11:44 UTC

Total inaugurates gas field offshore Tierra del Fuego with potential production of 10m cubic meters per day

A joint operation of Total Austral, Wintershall Energy and Panamerican South the well is located in 50 meters deep water and linked through a 77kms pipeline

Argentina will officially inaugurate this Friday the Vega Pléyade natural gas field, twenty kilometers offshore Tierra del Fuego to the south of the San Sebastián bay. The field started production last February and as “a production potential of 10 million cubic meters per day”.


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