Energy & Oil

Energy & Oil
Thursday, June 26th 2014 - 05:00 UTC

Argentina to restart production of enriched uranium in Patagonia plant

Minister De Vido making the announcement at a nuclear suppliers event

Argentina's government said Wednesday that in five weeks it will restart operations at an enriched uranium plant as part of a peaceful pursuit of nuclear energy.

Friday, June 20th 2014 - 06:50 UTC

Uruguay advances details of third oil and gas bid round Punta del Este basin

Four ultra-deepwater (3.000/4.000 meters) and seven shallow-water blocks will be on offer

Uruguay has released a draft map of four ultra-deepwater and seven shallow-water blocks in the Punta del Este-Atlantic basin that will be on offer in the country’s third oil and gas bid round next year, officials said in Moscow this week, according to the oil and gas site Upstream.

Wednesday, June 18th 2014 - 08:15 UTC

Falklands gas condensate discovery shows potential for wider distribution

Borders & Southern Petroleum has three production licences in the South Falkland Basin

Borders & Southern Petroleum PLC said on Tuesday that new data on the Darwin gas condensate discovery in the Falkland Islands show the potential for wider hydrocarbon distribution.

Tuesday, June 17th 2014 - 06:49 UTC

British company spuds exploratory well in Paraguay's Chaco

Jacarandá expects drilling to target a depth of 4.200 meters

London AIM listed President Energy PLC, has spudded what it calls the first deep exploration well in the Paraguayan part of the Chaco basin in almost 30 years.

Sunday, June 15th 2014 - 12:20 UTC

How Much Energy Will the 2014 World Cup Consume?

Along with 3 billion other viewers around the world, I plan to tune in for the month-long World Cup to see whether the 22-year old Neymar can withstand the colossal pressure that has been put upon his shoulders to deliver a win for team Brazil.

Friday, June 13th 2014 - 07:02 UTC

Gibraltar to experiment with a wave-power alternative energy project

The system works with uniquely shaped buoys to capture and convert wave energy into low cost clean electricity

The Government of Gibraltar has signed its first power purchase agreement for the provision of renewable energy. The agreement, which is with Eco Wave Power, is for the provision of an initial 0.5MW energy device on the eastside of the Rock.

Tuesday, June 10th 2014 - 13:17 UTC

Obama's climate plan is leaking methane

 By the EPA's own estimate, coal generation will decline by 20% to 22% by 2020.

The United States Environmental Protection Agency's new regulations aimed at reducing carbon emissions by 30% will no doubt lead to a cleaner economy. But the road there will be paved with methane. By requiring reductions in the energy intensity per megawatt-hour of electricity generation, utilities will have the ability to choose from an array of options for how to meet the targets.

Wednesday, June 4th 2014 - 20:26 UTC

Falklands' welcomes rig-contract which marks beginning of oil drilling season in first quarter of 2015

“FIG looks forward to working closely with the oil industry to deliver a safe and successful campaign”, said Luxton

The Falkland Islands Government welcomed the announcement on Thursday morning that a drilling rig has been contracted by a consortium of licensees for a new six-well program of offshore exploration and appraisal work commencing in early 2015.

Wednesday, June 4th 2014 - 08:58 UTC

Mexico's Pemex sells its majority stake in Repsol over management disputes

The Mexican government wanted Brufau ousted of his leading post

Mexico's state-owned oil giant Pemex has sold the majority of its stake in Spanish energy firm Repsol for approximately 2.2bn Euros with the intervention of Citigroup and Deutsche Bank. Pemex has been a shareholder in Repsol for more than 25 years.

Monday, June 2nd 2014 - 07:42 UTC

YPF announces the discovery of 'tight gas' in Mendoza

Paso de las Bardas Norte well reached a depth of 2.784 meters, is in the initial phase of evaluation contributing at least 70,000 cubic meters of gas

Argentina state oil producer YPF announced on Sunday it had made a discovery of 'tight gas' in the western Argentine province of Mendoza. The find by the Paso de las Bardas Norte xp-37 exploration well has a potential 25 million barrels equivalent of recoverable resources, the company said in a statement.

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