Energy & Oil

• Thursday, September 14th 2017 - 07:20 UTC

  Falklands Offshore Minerals Environmental Legislation Consultation

  

  The Falkland Islands Department of Mineral Resources is carrying out a public consultation on a range of proposed legislative measures applying to the offshore oil and gas industry.

• Thursday, September 14th 2017 - 06:53 UTC

  BP and Bridas Corporation form Argentina's largest private integrated energy company

  

  British Petroleum has agreed with Argentina's Bridas Corporation to form a new integrated energy company by combining their interests in the oil and gas producer Pan American Energy and the refiner and marketer Axion Energy in a cash-free transaction. The new company, Pan American Energy Group, will be the largest privately-owned integrated energy company operating in Argentina.

• Friday, September 8th 2017 - 09:28 UTC

  Falklands' Sea Lion funding, Rockhopper's primary focus until end of 2018

  

  Oil and gas business Rockhopper Exploration said on Thursday that its primary focus for the remainder of the financial year was to further progress funding proposals aimed at sanctioning its Sea Lion field project in the Falkland Islands by the end of 2018.

• Friday, September 8th 2017 - 08:42 UTC

  Chile and Argentina working on an energy, gas and power, swap deal

  

  Chile expects to close an energy swap deal with Argentina in the days ahead, Chilean Energy Minister Andres Rebolledo said in an interview Thursday. The neighboring nations are also negotiating the locations for five additional transmission line interconnection points, with an agreement expected as early as January, the minister revealed.

• Tuesday, August 29th 2017 - 19:08 UTC

  Norway's Statoil joins YPF to explore for hydrocarbons in Vaca Muerta shale

  

  Norway's Statoil, STO and YPF announced an agreement to explore hydrocarbons in the Vaca Muerta shale. Under the terms of the agreement, Statoil will enter the Bajo del Toro license block with a 50% interest. YPF will retain a 50% share and will remain the operator.

• Tuesday, August 29th 2017 - 11:36 UTC

  Premier Oil expects 2017 production in the range of 75.000/80.000 boepd

  

  Premier Oil has lifted its full-year production guidance as well as estimated resources at a huge oilfield it discovered off the coast of Mexico. Premier Oil, the operations of which stretch from Indonesia to the Falkland Islands, now expects 2017 production in the range of 75,000-80,000 barrels of oil equivalent per day (boepd), up from the previous forecast of 75,000 boepd, thanks to its strongly performing North Sea fields.

• Tuesday, August 29th 2017 - 11:03 UTC

  Go ahead to build two dams in Patagonia's Santa Cruz, financed by China

  

  Argentina’s government approved the construction of two hydroelectric dams in the southern Patagonia region province of Santa Cruz, after holding public hearings as required by the Supreme Court, according to a notice in the Official Gazette on Monday.

• Tuesday, August 29th 2017 - 10:45 UTC

  YPF shake up: CEO replaced with a six-member executive committee

  

  The chief executive officer of Argentina’s state-owned oil company YPF has resigned and a six-member executive committee will run the company. The company did not name a replacement for CEO Ricardo Darre, who had held the job since July of last year. Darre, an engineer, had previously worked for French oil company Total in the United States.

• Monday, August 28th 2017 - 07:52 UTC

  Falklands: Premier Oil is asking for export funds to develop Sea Lion, reports Financial Times

  

  The Financial Times is reporting that Premier Oil is negotiating with the UK government about securing export finance to fund just over half of the US$1.5bn investment needed to develop a large oilfield in waters north of the Falkland Islands. If all works out as planned first oil in the Falklands would be in 2021.

• Saturday, August 26th 2017 - 08:17 UTC

  Maduro reacts to Trump's sanctions: “we will sell our oil to other markets”

  

  Venezuela's President Nicolás Maduro has said that a preliminary analysis shows that new financial sanctions imposed by the United States will lead to a halt in oil exports to the US. President Trump's order bans trade in Venezuelan debt and blocks its state oil firm from selling bonds in the US.