Municipal elections are over and the Brazilian government had a good performance at the polls having recovered among others the City of Sao Paulo, but contrary to investors’ expectations, the country’s oil and gas corporation Petrobras will not be hiking gasoline prices in the immediate future.
A massive blackout left as many as 53 million Brazilians in the dark late Thursday and early Friday, the latest in a string of energy shortages that have raised questions about whether Brazil's infrastructure is keeping pace with economic growth.
The Falkland Islands will have a new deep-water port facility capable of meeting the demands of all incumbent industries it was announced following this week's meeting of Executive Council (ExCo).
Falkland Oil and Gas Ltd., (FOGL), announced completion of the farm-out agreement with Noble Energy Falklands Limited, an affiliate of Houston based Noble Energy, Inc. and the signing of agreements with Petroleum Geo-Services (PGS) for the acquisition and processing of two new 3D seismic surveys.
Argentine lawmakers met with their UK peers and called for an end to unilateral hydrocarbons explorations in Falkland Islands waters and for an end to military exercises in the South Atlantic.
US based Noble Energy and farm-in partners with Falkland Islands Oil and Gas (FOGL) visited the Falklands to meet with their partners and the Falklands government and to assess in-situ the oil related infrastructure.
Brazil's National Petroleum Agency, ANP, approved Chinese oil company Sinochem's purchase of a 10% stake in five offshore blocks as the state-run company continues its expansion into Latin America's hottest oil frontier.
Energy is key to economic development and political stability, US Secretary of State Hillary Clinton said on Thursday, citing example of developing countries like India and China where energy needs are growing rapidly along with their economies.
Brazil natural gas output could nearly double by 2020, reaching up to 120 million cubic-meters a day, as Latin America's largest economy increases the number of offshore platforms to take advantage of huge deep-sea oil reserves, the general director of the National Petroleum Authority, ANP, said this week.
Argentina's state-controlled energy company YPF sold medium-term local currency debt equivalent to a total of 423.2 million dollars on Wednesday, a stock market filing showed.