Energy & Oil

Energy & Oil
Monday, May 18th 2015 - 05:03 UTC

Falklands' Borders & Southern releases encouraging technical update of Darwin gas/condensate discovery

B&S explorer now estimates the combined Darwin East and Darwin discovery contains 360mln barrels of recoverable gas condensate.

Borders & Southern has issued a technical update on its Darwin gas/condensate discovery south of the Falkland Islands and near-field prospectivity. The goal was to improve understanding of the Darwin reservoir interval, both within and surrounding the discovery and also its projected facies trend along the Aptian shelf

Saturday, May 16th 2015 - 08:30 UTC

Falklands' geophysical oil exploration buoy ends up in SW Australia

Little is known as to how exactly the buoy – no bigger than a standard box trailer – became detached from its anchoring or how long it spent adrift at sea.

The hull bears the scars of a 10,483 kilometre journey from the Falkland Islands in the south Atlantic, through the Southern and Indian Oceans to the shores of Esperance in southern Western Australia, according to reports in the Australian media.

Friday, May 15th 2015 - 07:32 UTC

Petrobras production from pre-salt fields reaches milestone 800.000 bpd

The 800Mbbl/d output was reached just eight years after first oil was discovered in the pre-salt layer in 2006, Petrobras said.

Brazil’s Petrobras said that oil production in Santos and Campos basin pre-salt fields reached a milestone production volume of 800Mbbl/d. The volume was recorded on April 11, with 74% (590Mbbl/d) Petrobras’ share with the remainder belonging to partner companies working in different pre-salt areas.

Friday, May 15th 2015 - 07:15 UTC

Cristina Fernandez comes out strongly in defense of minister Kicillof

On Thursday, the Clarin media group and other media outlets reproduced an article that claimed Kicillof’s salary as YPF director was 400.000 Pesos.

President Cristina Fernandez has questioned accusations against Economy Minister Axel Kicillof over his alleged YPF monthly salary of 400.000 Argentine Pesos (approx 35.000 dollars).

Friday, May 15th 2015 - 04:41 UTC

Exxon discovers oil off Guyana coast, in territory claimed by Venezuela

The discovery is located in the Stabroek Block off a border region that is claimed by Venezuela in a territorial controversy dating back over a century

Exxon Mobil Corp has discovered oil off the coast of Guyana, the company and the South American nation's government said on Thursday, potentially inflaming a long-running territorial dispute with neighboring Venezuela.

Thursday, May 14th 2015 - 08:17 UTC

Saudi Arabia continues to turn screws on U.S. Shale

Saudi Arabia has increased production by 700,000 barrels per day since the fourth quarter of 2014 in an effort maintain market share

Saudi Arabia continues to ratchet up production, taking market share away from U.S. shale producers. According to OPEC's latest monthly oil report, Saudi Arabia boosted its oil output to 10.31 million barrels per day in April, a slight increase over the previous month's total of 10.29 million barrels.

Thursday, May 14th 2015 - 00:17 UTC

Premier confirms Falklands' frontier exploration, where it continues drilling

 Premier revised its development spending up by US$ 50 million to US$ 750 million, bringing total capital expenditure for 2015 up to 970 million.

Premier Oil, currently involved in successful exploratory drilling in the Falkland Islands, produced less oil and gas in the first quarter of the year, but its output of 60,200 barrels of oil equivalent per day (boepd) was above guidance, sending its shares higher on Wednesday.

Wednesday, May 13th 2015 - 08:37 UTC

IDB 216m dollars loan for Uruguay to support construction of wind farms

Financing for the wind farms is partly supported by the China Co-financing Fund for Latin America and the Caribbean, created by Beijing

The Inter-American Development Bank (IDB) continues to support the expansion of renewable energy in Uruguay through two financial packages, totaling 216 million dollars, which were approved for the private sector to finance part of the construction of the Colonia Airas and Valentines wind farms and their related works.

Wednesday, May 13th 2015 - 08:29 UTC

Petrobras still Latam's top company but fell to second-worst performer because of corruption losses

Petrobras has gone from Latam's most profitable company to the second-worst performer after Mexican state oil company Pemex (a perennial money loser).

Brazil's state oil giant Petrobras remains Latin America's top company in revenues, but has lost its position as the profit leader after posting record losses last year due to a growing corruption scandal and administrative inefficiencies, according to a new ranking of the region's 500 largest companies from digital publication Latinvex.

Tuesday, May 12th 2015 - 22:03 UTC

Falklands' Isobel Deep drilling operations have recommenced

Technical issues relating to Eirik Raude rig's blow-out preventer (BOP) control system have now been fully resolved and Premier Oil resumed drilling

Energy company Rockhopper Exploration and Falkland Oil and Gas Ltd., have announced that drilling operations at Isobel Deep well have recommenced. Isobel Deep is located in the North Falklands basin and is part of the current round of drilling in Falklands' waters.

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!