Energy & Oil

Monday, November 2nd 2015 - 09:30 UTC
Petrobras largest union on strike protesting sale of company's assets

Brazil's largest oil union began an open-ended strike on Sunday, protesting against attempts by the government to shrink the state-run oil company Petrobras, which is reeling from a corruption crisis and a crash in the oil price.
Friday, October 30th 2015 - 06:37 UTC
Falklands' Humpback well finds non-commercial quantities of oil and gas

Humpback is the first well to encounter oil in the potentially larger systems in deeper waters off the southeast of the Falkland Islands; however the oil and gas across a number of reservoir targets in the well drilled to a depth of 5.136 meters, were in non-commercial quantities.
Thursday, October 29th 2015 - 06:06 UTC
Noble Energy begins production in Gulf of Mexico deepwater oil development

Noble Energy with interests in Falklands' exploration, has commenced production from the Big Bend oil development in Mississippi Canyon 698 of the deepwater Gulf of Mexico. Noble and partners expect the single-well field to reach a maximum gross production rate of approximately 20,000 boe/d over the next couple of weeks. Approximately 90% of the volumes being produced from Big Bend are oil, Noble said.
Tuesday, October 27th 2015 - 10:22 UTC
Day of reckoning for U.S. shale will have to wait

October has been billed as a pivotal month in which indebted shale companies would see their credit lines cut, precipitating a faster consolidation in the industry that would sow the seeds of a rebound.
Tuesday, October 27th 2015 - 07:43 UTC
Japanese company acquires part of Petrobras gas distribution unit

Japan-based Mitsui has signed an agreement with Petrobras for partial acquisition of shares in the latter's natural gas distribution unit Petrobras Gás (Gaspetro) for about R$1.9bn ($489m).
Monday, October 26th 2015 - 05:34 UTC
Argentina announced Malvinas basin huge gas prospect off Patagonia

Argentina' Energy company, Enarsa, in association with Venezuela's PDVSA, allegedly has detected very positive natural gas deposits off the Patagonia coast, which according to reports in the Buenos Aires press could be equivalent a third of the country's reserves.
Thursday, October 22nd 2015 - 06:51 UTC
Venezuela's proposal to cut oil production and up prices receives little echo

Russia and Mexico – non-OPEC countries, which have been invited to participate Venezuela-proposed meeting this week – have no intention to cut oil production, International Oil Daily reported.
Wednesday, October 21st 2015 - 06:35 UTC
Venezuela presents 2016 budget based on a US$40 per barrel estimate

Venezuela's proposed 2016 government budget is based on an estimate of $40 per barrel for the OPEC nation's oil exports, Finance Minister Rodolfo Marco said in a presentation to congress on Tuesday.
Monday, October 19th 2015 - 10:16 UTC
Bristow adds new hangar to support Falklands' oil and gas industry

Bristow has added a new hangar and modular offices at Stanley Airport in the Falkland Islands to help improve operational efficiencies for oil and gas commercial services and search and rescue (SAR) support.
Monday, October 19th 2015 - 10:02 UTC
US imposes new curbs on Arctic waters oil and gas exploration

The US government has announced new curbs on oil and gas exploration in Arctic waters off Alaska's northern coast. It comes after oil giant Royal Dutch Shell last month stopped its Arctic activity citing “disappointing” tests.