Energy & Oil

Energy & Oil
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.

Thursday, March 13th 2014 - 05:52 UTC

Falklands, trade, Mercosur/EU, oil and gas, in Swire's agenda in Uruguay

Foreign Office minister Swire with Vice-president and acting president Danilo Astori (Pic by Dpto Fotografia del Parlamento)

Bilateral trade, Mercosur/EU talks, oil and gas cooperation, and Falkland Islands, plus some audacious comments on the coming World Cup match Uruguay/England, were some of the issues addressed by Foreign Office minister for Latin-American Hugo Swire during his one day visit to Uruguay on Wednesday.

Tuesday, March 11th 2014 - 18:48 UTC

Shale, the last oil and gas train: Interview with Arthur Berman

Berman: “Technology has made many things possible in my lifetime including shale and deep-water production, but it hasn't made these things cheaper”

How much faith can we put in our ability to decipher all the numbers out there telling us the US is closing in on its cornering of the global oil market?

Wednesday, March 5th 2014 - 04:35 UTC

New spy technology to spawn oil revolution

SFD technology uses gravity to gather its oil and gas intelligence by telling different frequencies in the gravitational field deep underground.

The future of oil exploration lies in new technology--from massive data-processing supercomputers to 4D seismic to early-phase airborne spy technology that can pinpoint prospective reservoirs.

Tuesday, March 4th 2014 - 23:35 UTC

YPF oil and gas production up in January but still not enough

President Cristina Fernández government seized a majority stake in YPF in April 2012

Argentina's YPF increased oil and gas production by around 9% in January, continuing a trend that began in mid-last year in which the state-controlled firm reversed long-standing production declines. And while the rest of the sector continued to lag behind, oil production at least did experience a monthly increase, suggesting that YPF’s increases in output are starting to have a positive effect on the sector as a whole.

Saturday, March 1st 2014 - 02:29 UTC

Core-hole confirms conventional oil reservoir potential in north Uruguay

Petrel Energy Managing Director, David Casey said the exceptional permeability measurements have been surprising

Australia's Petrel Energy has confirmed the conventional oil reservoir potential of the San Gregorio and Cerrezuelo sandstones in Uruguay following detailed analysis of the Cardozo Chico core-hole samples. Petrel said that laboratory testing undertaken by Weatherford in Houston returned excellent permeability and porosity measurements.

Wednesday, February 26th 2014 - 07:03 UTC

Britain's oil and gas industry faces 'biggest challenge in 50 years' because of low level of exploration

Exploration drilling was down to 15 in 2013 from 44 wells six years ago

Britain's oil and gas industry has warned it faces its “biggest challenge in 50 years” due to the low levels of exploration. Industry body Oil and Gas UK said only 15 wells were drilled last year. That was despite strong levels of investment, reaching a record last year and sustained this year.

Tuesday, February 25th 2014 - 20:43 UTC

Repsol board approves the YPF compensation deal worked out with Argentina

Cabinet chief said the deal was 'positive' for Argentina to recover energy self-sufficiency

Spanish oil major Repsol's board approved on Tuesday in Madrid a definitive 5 billion dollars settlement from Argentina over assets seized in 2012, drawing a line under a two-year battle for compensation.

Tuesday, February 25th 2014 - 04:41 UTC

Falklands oil company completes 3D survey; prepares drilling program for next year

PGS M/V Ramform Titan operated this last survey (Pic FB)

Falkland Oil and Gas Ltd, FOGL, announced on Monday the completion of its 3D seismic survey offshore the Falkland Islands. This is the third and final 3D survey prior to the next drilling program, which is expected to commence in early 2015, said the company in a release.

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