Energy & Oil

Energy & Oil
Wednesday, March 26th 2014 - 22:44 UTC

Obama suggests a transatlantic trade pact would cut Europe' dependency on Russian energy

EU wants access to US natural gas, but is reluctant to support fracking in the continent

US President Barack Obama has told the European Union it cannot rely on the United States alone to reduce its dependency on Russian energy, as relations with Moscow chill over its seizure of Crimea from Ukraine.

Saturday, March 22nd 2014 - 12:42 UTC

Falklands' operational campaign to be informed by US oil industry leader

Susan Cunningham flies to the Falklands on Monday

The highest paid woman on a list of 500 Houston oil executives (2009) will be in the Falkland Islands next week with Noble Energy. She is scheduled to hold meetings with the local business community and members of the public for an operational update on Noble's Falklands' campaign.

Saturday, March 22nd 2014 - 08:01 UTC

The Falklands/Malvinas: Brazil’s next regional headache?

When Foreign Secretary William Hague recently visited Brazil, the Falklands/Malvinas issue was not on the agenda, according to Stuenkel

By Oliver Stuenkel (*) - Brazil, foreign policy observers often point out, is blessed. Contrary to many other emerging powers such as China or India, it is located in a region that rarely experiences interstate tension or war. Not only can Brazil live on a relatively small defense budget, while India is the world's largest arms importer. Brazil can also dedicate considerable time and energy towards extending its global diplomatic reach without constantly being forced to deal with trouble in its neighborhood.

Thursday, March 20th 2014 - 06:57 UTC

Dilma Rousseff questioned on “flawed” report that cost Petrobras 1.2bn

At the time of the operation in 2006, the Brazilian president was chairwoman of Petrobras

A scandal surrounding the costly acquisition of a Texas oil refinery by Brazilian state-run energy company Petrobras years ago resurfaced Wednesday after new questions arose about President Dilma Rousseff’s handling of the deal, which involved a sum of 1.2bn dollars.

Tuesday, March 18th 2014 - 06:34 UTC

Russia eyes Crimea’s oil and gas reserves

Crimea with Russian flags celebrating the outcome of the referendum

According to Reuters, Crimea may nationalize oil and gas assets within its borders belonging to Ukraine, and sell them off to Russia. Crimea’s Deputy Prime Minister hinted at the possibility that it would take control of Chornomorneftegaz, a Ukrainian state-owned enterprise, and then “privatize” it by selling it to Gazprom.

Friday, March 14th 2014 - 08:52 UTC

Venezuela reassures fearful Caribbean allies about ALBA and PetroCaribe

Ambassador Escalona Barrueta: agreements will continue in full force

Venezuela said the current political unrest in the country poses no danger to the future of the Bolivarian Alliance for the Peoples of the Americas(ALBA) and the oil initiative PetroCaribe.

Thursday, March 13th 2014 - 05:52 UTC

Falklands, trade, Mercosur/EU, oil and gas, in Swire's agenda in Uruguay

Foreign Office minister Swire with Vice-president and acting president Danilo Astori (Pic by Dpto Fotografia del Parlamento)

Bilateral trade, Mercosur/EU talks, oil and gas cooperation, and Falkland Islands, plus some audacious comments on the coming World Cup match Uruguay/England, were some of the issues addressed by Foreign Office minister for Latin-American Hugo Swire during his one day visit to Uruguay on Wednesday.

Tuesday, March 11th 2014 - 18:48 UTC

Shale, the last oil and gas train: Interview with Arthur Berman

Berman: “Technology has made many things possible in my lifetime including shale and deep-water production, but it hasn't made these things cheaper”

How much faith can we put in our ability to decipher all the numbers out there telling us the US is closing in on its cornering of the global oil market?

Wednesday, March 5th 2014 - 04:35 UTC

New spy technology to spawn oil revolution

SFD technology uses gravity to gather its oil and gas intelligence by telling different frequencies in the gravitational field deep underground.

The future of oil exploration lies in new technology--from massive data-processing supercomputers to 4D seismic to early-phase airborne spy technology that can pinpoint prospective reservoirs.

Tuesday, March 4th 2014 - 23:35 UTC

YPF oil and gas production up in January but still not enough

President Cristina Fernández government seized a majority stake in YPF in April 2012

Argentina's YPF increased oil and gas production by around 9% in January, continuing a trend that began in mid-last year in which the state-controlled firm reversed long-standing production declines. And while the rest of the sector continued to lag behind, oil production at least did experience a monthly increase, suggesting that YPF’s increases in output are starting to have a positive effect on the sector as a whole.

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