Energy & Oil

• Wednesday, October 15th 2014 - 23:32 UTC

  Petrobras sets a new oil and gas production record during September

  

  Petrobras announced a new oil output record in Brazil, during September with an average of 2.23 million barrels of oil per day (bpd) production in the country, including in this total the fields operated by the state-owned company for its partners. The volume is 0.3% higher than breaks August record.

• Wednesday, October 15th 2014 - 20:00 UTC

  The ten biggest energy company bankruptcies

  

  Running a multi-billion dollar energy company isn't easy. Just ask the executives in the corner suites of some of the energy companies that have gone bust over the years. Some, like Enron, were brought down because of insider malfeasance.

• Wednesday, October 15th 2014 - 08:16 UTC

  Oil prices hit new lows with prospects of further slide; excess supply, weak demand

  

  Global oil prices have fallen further after the International Energy Agency (IEA) reported higher output and cut its forecast for demand growth. Brent crude fell 2.72 to 86.17 dollars a barrel before seeing a slight recovery, while US crude dropped 1.75 to 83.99.

• Saturday, October 11th 2014 - 03:22 UTC

  Morales confident he will win Sunday's election in all nine Bolivian districts

  

  At an event to mark the closing of his campaign ahead of Sunday’s elections, a self-assured Evo Morales told Bolivians that he will win all over the country and will even take the opposition’s bastions of support in the east.

• Friday, October 10th 2014 - 09:12 UTC

  Will Ukraine commit economic suicide?

  

  Ukraine is on the brink of committing economic suicide after imposing a crippling 55% tax on private gas producers, while parliament prepares to vote on next year's budget, which aims for a continuation of the same.

• Thursday, October 9th 2014 - 10:36 UTC

  YPF goes overseas: signs agreement with Ecuador to recover mature fields

  

  Argentina's state-run energy company YPF closed on Wednesday an agreement with Ecuador's state-owned company Petroamazonas for the enhanced recovery of the mature field of El Campo Yuralpa which will demand an investment in the range of 170 million dollars.

• Thursday, October 9th 2014 - 06:38 UTC

  YPF admits contacts with Russia's Gazprom but no accord or MOU has been reached

  

  Argentina's state-run energy company YPF admitted on Wednesday having held promising meetings with Russia's Gazpron to consider different collaboration and business opportunities, “but so far has not signed any Memorandum of Understanding, MOU or agreement”.

• Monday, October 6th 2014 - 07:19 UTC

  Falklands' offshore Scotia well not viable: Noble Energy will take 75m write down

  

  Houston-based Noble Energy will take a 75 million write down for exploration costs after determining that its offshore Scotia well in the Falkland Islands is not commercially viable. The well was drilled in 2012 using 2D seismic interpretation but was deemed non-commercial following analysis of 3D seismic data.

• Friday, October 3rd 2014 - 21:00 UTC

  The world's 10 biggest energy gluttons

  

  Next time you get into your car and drive to the supermarket, think about how much energy you consume on an annual basis. It is widely assumed that Westerners are some of the world's worst energy pigs. While Americans make up just 5% of the global population, they use 20% of its energy, eat 15% of its meat, and produce 40% of the earth's garbage.

• Friday, October 3rd 2014 - 07:47 UTC

  Falklands approves 80 room portable hotel ahead of the coming oil drilling season

  

  The first sign of oil industry impact on the face of the Falkland Islands capital, Stanley is in the offing with the planning approval given for an 80 room portable hotel near The Trough.