Energy & Oil

Energy & Oil
Thursday, January 9th 2014 - 18:45 UTC

Violence threatens to thwart Iraqi oil resurgence

PM Nouri al-Maliki seems unable to hold the country together while the Al-Qaeda challenge expands

By Nicholas Cunningham - A wave of violence has swept parts of Iraq at the start of 2014 as the central government fights back against Al-Qaeda aligned militants in Anbar Province. The Islamic State of Iraq and the Levant (ISIL) reportedly took control of Ramadi and Fallujah, bombing police headquarters and killing dozens.

Wednesday, January 8th 2014 - 05:58 UTC

Germany's Wintershall joins Patagonia's Vaca Muerta shale gas and oil rush

Board members from Wintershall sign the terms of the contract with Neuquen province authorities

Germany's Wintershall signed on Tuesday a farm-in contract with the Argentine Patagonia province of Neuquén to explore Vaca Muerta’s shale gas and oil field. Under the terms of the joint-venture agreement Wintershall together with Gas & Petroleo de Neuquen will explore and develop the Aguada Federal block and are committed to invest 80 million Euros.

Wednesday, January 8th 2014 - 05:34 UTC

When talking fuel, Mexico and Argentina the better off; Colombia and Uruguay bottom of the list

An average salary in Mexico is equivalent to 1.057 liters of fuel; in Uruguay, 376 liters

Taking as reference the ratio between the average salary and the price of gasoline in six Latam countries, Mexican and Argentine consumers are the better off when it comes to filling up the tank while for Uruguay and Colombia the ratio is the least favorable.

Sunday, January 5th 2014 - 13:07 UTC

Falklands looks to South America and Scotland to service its oil industry development

Roger Spink, president of the Falklands' Chamber of Commerce

Successful trade missions to Uruguay and Chile and the growing support and know-how links with Scotland for the development of the Falkland Islands oil and gas industry were mentioned as some of the 2013 highlights by Roger Spink, president of the Falklands Chamber of Commerce in his Christmas speech.

Friday, January 3rd 2014 - 23:12 UTC

Brazil oil and gas production in November averaged 2.578 million boepd

Petrobras concentrates 88% of output

Brazil's oil and natural gas output rose 2.87% in November compared with the same month a year earlier as new oil fields came on line and platforms under maintenance returned to operation, Brazil's oil regulator, the ANP, said on Friday.

Thursday, January 2nd 2014 - 18:21 UTC

Falklands 2014 oil industry major focus: how to develop the Sea Lion discovery

 Major activity in 2013 has been completion of two 3D seismic campaigns in the South Falkland Basin with PGS Ramform Titan

After a busy 2011 and 2012, 2013 was a relatively quiet year for exploration around the Falkland Islands in the South Atlantic Ocean. The various companies involved in the region's nascent oil and gas industry preferred to spend the year focusing on seismic data acquisition campaigns and consolidating some of their assets.

Thursday, January 2nd 2014 - 15:35 UTC

New Year in Argentina brings: hikes in urban transport and fuel and promises of a capped basket

Fuel prices in Argentina have been steadily climbing closer to international references

New Year arrived in Argentina with much needed rainfall relief, but also with a hefty increase in urban transport fares, the same with fuel prices at the pump and the promise of a list of 200 products included in a price agreement with the county’s major supermarkets and retailers.

Thursday, December 26th 2013 - 08:17 UTC

Brazil conditions any future oil pre-salt bidding to local industry capacity to supply equipment and services

Government will define which is the adequate exploration rhythm for pre-salt development

Brazilian Government has decided that any future bidding rounds involving pre-salt blocks will only be launched according to the local industry capability to supply the demand in equipment and services needed by the sector. Local industry has been struggling to keep up with the demand placed by O&G players already involved in pre-salt E&P in Brazil, which are all Petrobras partners, such as BG and others.

Thursday, December 26th 2013 - 07:31 UTC

Gazprom confirms in has started production at Prirazlomnoye field on the Arctic shelf

First oil shipment from Prirazlomnoye is expected in the first quarter of 2014, and is planned to produce no less than 300.000 tons of oil throughout the year

Gazprom has started producing oil from the Prirazlomnoye field, which is the first Russian project for developing the Arctic shelf and the commencement of their large-scale activities aimed at creating a large hydrocarbon production center in the region, according to the company.

Thursday, December 26th 2013 - 05:43 UTC

Falklands offshore exploration drilling agenda for Rockhopper

The rig Ocean Guardian hit oil at the Sea Lion prospect in 2010

Rockhopper Exploration has issued details of its next planned exploration wells offshore the Falkland Islands. The details were published on the Offshore site 23 December. Rockhopper was the first of several companies operating in Falklands waters to confirm the existence of oil and gas.

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