Energy & OilEnergy & Oil
Thanks to the shale boom, markets already perceive the trade balance optimizing, energy prices are cheaper than they would otherwise be and we've even cut carbon emissions. And we are only getting started, according Tyler Cowen, New York Times best-selling author and one of the most influential economists of the decade.
Brazil's Petrobras and its Indian partners have made a beautiful oil discovery off Brazil's northeast coast, Sergipe-Alagoas basin, and it will produce a minimum 100,000 barrels of petroleum a day starting in 2018, the company's CEO said on Friday.
By R. Viswanathan (*) - India should take its cue from Brazil and invest in ethanol as a viable commercial substitute for costly petrol.
Argentina’s oil and gas YPF and Dow Chemical Co. Argentine unit signed a final accord to invest 188 million dollars to jointly develop shale gas at the country’s Vaca Muerta formation, in the Patagonian province of Neuquen.
Germany’s main oil company signs to operate in development of Patagonia’s Vaca Muerta shale deposits
Germany’s Wintershall sealed a 150 million dollar unconventional exploration contract with the Argentine province of Neuquén’s owned Gas y Petroleo de Neuquén to search for oil in the Vaca Muerta formation. The agreement could later be extended to 3.35bn.
One of the several hydrocarbons companies operating in Falkland Islands waters expects its next drilling phase to begin in the fourth quarter of 2014 with a minimum of two exploration wells following extensive 3D surveying of southern licences in the Diomedea fan complex adjacent to the Darwin discovery.
Brazil’s government is planning to give a boost to state-run oil company Petróleo Brasileiro by financing its participation in the October 21 auction of Libra, the country’s largest-ever oil discovery, the O Estado de Sao Paulo newspaper reported over the weekend.
Three years has seen the overturn of two government, the deaths of thousands of people and the destruction of much of the Egyptian economy. In the end, the mobs have changed nothing, except to make their own lives more miserable.
Noble Energy Falkland Islands Ltd continue to negotiate with the Falkland Islands Government on the construction of a temporary port to the east of FIPASS prior to progressing the application for planning permission, the company’s representative in the Falkland Islands told Penguin News this week.
The Vaca Muerta formation in the Argentine provinces of Neuquén and Mendoza has been ranked among the 23 highest tight oil reserve areas in the world, according to to a report released yesterday by global information company IHS.