Energy & Oil

Monday, November 10th 2014 - 07:34 UTC
Latam Energy Organization approves statement on “Malvinas sovereignty”

Energy ministers from the Latin American Energy Organization, OLADE, meeting in San Salvador approved last Friday a statement on “Malvinas Islands sovereignty” referred to the “illegal hydrocarbons exploration and exploitation undertaken in the Islands surrounding waters”, points out a release from the Argentine Foreign ministry.
Saturday, November 8th 2014 - 09:37 UTC
Relief for Petrobras: Dilma allows increase in gasoline and diesel prices

Brazil raised domestic wholesale gasoline and diesel prices for the first time in more than 11 months effective Friday in a move to bolster the finances of the heavily indebted Petrobras oil and gas company after years of refining losses.
Thursday, November 6th 2014 - 21:50 UTC
Falklands oil industry regulated by UK North Sea standards, one of the highest in the world

The elected government of the Falkland Islands has strongly refuted remarks by Argentine official 'Malvinas Secretary' Daniel Filmus, published in The Guardian, in which he states that hydrocarbons activities in the Falklands are environmentally reckless, and describes Filmus words as “yet another example of the Argentine's government futile efforts to damage the Falklands economy”
Thursday, November 6th 2014 - 07:52 UTC
YPF manages significant increases in output and profits in the third quarter

Argentina's state-controlled oil firm YPF hydrocarbons' production in the third quarter increased by 15.4% from a year earlier to 573,000 b/d of oil equivalent (boe/d). The rise in production translates into a 13.9% increase from a year earlier for the first nine months of the year to 553,000 boe/d.
Wednesday, November 5th 2014 - 06:43 UTC
The end of an era: Is the US petrodollar under threat?

Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East.
Tuesday, November 4th 2014 - 05:05 UTC
Falklands have a per capita GDP “ten times higher than Argentina”

Argentina's financial daily, El Cronista Comercial has published two articles on the Falkland Islands based on data from the 2014 Statistical Yearbook stating that the Islands enjoy a GDP per capita several times higher than Argentina and that the economy has been expanding at 11% annually since 2008.
Friday, October 31st 2014 - 07:51 UTC
Argentina approves new hydrocarbons bill to attract foreign investments

Argentina's lower house of Congress, which is controlled by President Cristina Fernandez's allies, gave final approval Thursday for a new Hydrocarbons Law that was harshly criticized by opposition lawmakers. The lower house passed the bill with a vote of 130-116 with one abstention after more than 14 hours of debate.
Friday, October 31st 2014 - 06:28 UTC
Petrobras consortium find high-quality oil at the Libra area, off Rio do Janeiro

The Petrobras-led Libra consortium has said that the first extension well in the Libra area, known as 3-BRSA-1255-RJS (3-RJS-731), has proven the discovery of high-quality oil in the northwest portion of the structure.
Wednesday, October 29th 2014 - 05:58 UTC
Chile's oil and gas corporation ENAP raised 600m dollars in 10-year bonds

Chile's oil and gas government company, Empresa Nacional de Petroleo (ENAP) returned to the US dollar market for the first time in almost three years, becoming the latest Chilean issuer to take advantage of a strong bid for high-quality Latin American corporates.
Saturday, October 25th 2014 - 12:50 UTC
BP and GDF Suez announce discovery of new field in UK Central North Sea

Oil firms BP and GDF Suez have announced the discovery of a new field in the UK Central North Sea. The find, which spans adjacent blocks operated separately by the two companies, has been flow-tested at a maximum rate of 5,350 barrels per day.