Energy & Oil

Energy & Oil
Tuesday, February 25th 2014 - 04:29 UTC

ENAP Magallanes begins production at new well; company's profits soar in 2013

The Chilean state owned company plans to drill 32 wells in Magallanes region and Tierra del Fuego

Chile's state-owned oil and gas company ENAP successfully put into production the well “Paraguaya 2” at Intracampos Block (100% ENAP) in Tierra del Fuego, with an initial flow rate of 160 cubic meters per day of oil, equivalent to 1,006 barrels.

Saturday, February 22nd 2014 - 06:21 UTC

YPF and Repsol are expected to sign a compensation deal next week

Apparently Spain's Rajoy and Mexico's Peña Nieto have played important roles in helping to reach a deal

Spanish oil major Repsol said Friday that, as part of a preliminary compensation deal struck last year with the Argentine government for the seizure of its former unit, YPF, it will take a charge of 1.28 billion Euros (1.76 billion dollars) on its 2013 earnings.

Wednesday, February 19th 2014 - 22:16 UTC

YPF signs agreement with Petronas for shale development in Vaca Muerta

YPF CEO  Galuccio has the job of making Argentina again self sufficient

Argentina's state oil company YPF announced this week that it had signed a memorandum of understanding (MOU) with a subsidiary of Malaysia's national oil company Petronas for unconventional oil and gas resources development in Argentine Patagonia.

Monday, February 17th 2014 - 09:42 UTC

Uruguay and Venezuela will further increase energy related cooperation

Maduro will be meeting with Mujica when he visits Uruguay in the second week of March

Uruguay will renew the contract for the purchase of Venezuela oil and accept the stake increase of that country in a local bio-fuels corporation during the scheduled visit of President Nicolas Maduro to Montevideo next month; it was announced by the Uruguayan Foreign affairs ministry.

Saturday, February 15th 2014 - 05:50 UTC

Spain's Repsol signs 1.2bn dollars financing deal with Venezuela's PDVSA

“Venezuela represents 10% of Repsol's total output”, said CEO Brufau

Repsol signed a financing deal Friday with Venezuelan state oil company PDVSA that calls for the Spanish energy major to invest 1.2 billion dollars to boost the output of the companies' Petroquiriquire joint venture.

Friday, February 14th 2014 - 21:22 UTC

Total to drill first exploratory well in Uruguay's shelf in October 2015

 Ancap President Coya, Uruguay is definitively in the oil world map

French oil giant Total will be drilling its first well in Uruguay's continental shelf in October 2015, announced the president of the country's oil and gas government owned company ANCAP. Jose Coya also revealed that the company he leads is working on the third Uruguay Round which will implement in the last quarter of next year.

Thursday, February 13th 2014 - 19:30 UTC

The Golden Age of Gas, Possibly: Interview with the IEA

IEA Executive Director Maria van der Hoeven: the potential for such a golden age certainly exists, but...

The potential for a golden age of gas comes along with a big “if” regarding environmental and social impact. The International Energy Agency (IEA)—the “global energy authority”--believes that this age of gas can be golden, and that unconventional gas can be produced in an environmentally acceptable way.

Thursday, February 13th 2014 - 03:11 UTC

YPF buys Houston based Apache's operations and assets in Argentina

YPF CEO Galuccio making the announcement

Argentina's YPF agreed on Wednesday to pay 852 million dollars for all of Apache operations and assets in the country, making the government managed company the largest operator of natural gas.

Tuesday, February 11th 2014 - 08:38 UTC

Paraguay and Venezuela to discuss Mercosur summit delays and oil

Loizaga will be travelling to meet his Venezuelan peer Jaua

Mercosur summit delays and oil are two of the main issues the Paraguayan foreign minister Eladio Loizaga will address with his Venezuelan peer Elias Jaua, when he travels on Thursday to Caracas. Formally the event is a diplomatic reciprocity for Jaua's visit to Paraguay last 9 October, when the two countries re-established full relations.

Tuesday, February 11th 2014 - 07:53 UTC

Paraguay concerned with Argentine plans to move nuclear facilities to border area

 Loizaga says Argentina has not provided any information on the plans

Paraguay has instructed its ambassador in Buenos Aires to collect information on Argentina's plans to set up an uranium processing plant in the northern province of Formosa, neighboring with the land-locked country.


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