MercoPress

Petrobras will continue to operate in Argentina but may sell some assets

Fri, 24 May 2013 06:38:00 GMT

Brazilian state-controlled energy giant Petrobras plans to continue operating in Argentina although it may sell some assets there, CEO Maria da Graças Foster said.

Energy - Balancing the Bonanza: Interview with Mark Thoma

Thu, 23 May 2013 19:45:00 GMT

Interview by James Stafford of Oilprice.com - If you want an objective view of energy, ask an economist, who can tell you what to expect to pay at the pump in the coming years, and why, as well as what to expect from medium- and long-term economic growth and what the real drivers will be. These are questions that are crucial to a pending decision by the US government over natural gas exports, and while we know where big oil stands versus its manufacturing rivals—it's the economist who can set things straight.

Falkland Islands: it’s a three-side debate; Argentina must recognize Islanders right to decide their future

Tue, 21 May 2013 06:45:00 GMT

UK conditioned a possible re-launching of agreements on hydrocarbons and fisheries in the South Atlantic to Argentina accepting ‘there will be no sovereignty negotiations’ regarding the Malvinas Islands and called for the Argentine government to respect the wishes of the Falkland Islanders.

Venezuelan oil monopoly in joint ventures with Chevron and China Petroleum

Sat, 18 May 2013 06:53:00 GMT

PDVSA, Venezuela’s government oil and gas giant will allow joint ventures with China National Petroleum Corp. and Chevron Corp. to manage 6 billion dollars in loans designed to revert oil output declines, said a PDVSA official.

Argentina challenges EU bio-diesel import restriction rules before WTO

Thu, 16 May 2013 07:10:00 GMT

Argentina has launched a challenge at the World Trade Organization against European Union rules for importing and marketing bio-diesel, the WTO said.

Chevron agrees to invest 1.5bn dollars in developing YPF shale field in Patagonia

Thu, 16 May 2013 03:24:00 GMT

Argentina’s nationalized oil company YPF signed on Wednesday an agreement with US oil major Chevron Corp to define the terms and conditions of Chevron's investment of 1.5 billion dollars in the vast Vaca Muerta shale field.

Paraguay on Independence Day blasts Argentina and Brazil over “power resource exploitation”

Wed, 15 May 2013 21:59:00 GMT

President Federico Franco said Paraguay has long cancelled its debts for the construction of two huge shared hydroelectric dams with its powerful neighbours and demanded Argentina pay for the surplus energy it receives and compensation for flooding Paraguayan territory.

North American oil production surge forecasted to transform world market in next five years

Wed, 15 May 2013 17:26:00 GMT

The supply shock created by a surge in North American oil production will be as transformative to the market over the next five years as was the rise of Chinese demand over the last 15, the International Energy Agency (IEA) said in its annual Medium-Term Oil Market Report (MTOMR) released this week.

Spain no longer discusses Argentina’s ‘sovereign decision to seek energy sector control”

Wed, 15 May 2013 07:29:00 GMT

Spain’s Foreign Affairs Minister José Manuel García Margallo said the Spanish government is no longer “discussing” Argentina’s “sovereign decision to seek energy sectors’ control.” “It could seem to me a mistake, but it is the responsibility” of the Argentine government, García Margallo stated.

Uruguay awards French company contract for 1.2bn dollars re-gasification plant

Wed, 15 May 2013 07:24:00 GMT

Uruguay awarded French gas and power group GDF Suez SA a contract to build a liquefied natural gas (LNG) re-gasification plant at an estimated cost of 1.125 billion dollars, the government said on Tuesday.