Energy & Oil

• Wednesday, November 13th 2013 - 00:09 UTC

  OPEC admits shale oil boom, mostly in the US, will have an impact on world supply

  

  OPEC said on Tuesday its rivals will produce more oil than expected this year, as it continued backpedaling from its previous skepticism over the significance of a US shale boom. The views of the Organization of the Petroleum Exporting Countries show it is narrowing its differences with oil consumers on the impact of resurgent North American output.

• Monday, November 11th 2013 - 23:46 UTC

  Falklands oil companies bombarded with warning-letters from Argentina

  

  Argentina has begun a determined campaign to deter companies from drilling for oil in disputed waters around the Falkland Islands in the south Atlantic. On the eve of a visit by UK parliamentarians to Buenos Aires this week, the Argentine embassy in London warned that legal action was being ramped up against drillers and their suppliers, reports Terry Macalister in The Guardian.

• Saturday, November 9th 2013 - 05:54 UTC

  Falklands: FOGL starts 3D seismic survey in north basin; drilling in late 2014

  

  Falkland Oil and Gas Ltd, FOGL, announced on Friday it has started the third 3D seismic survey of its northern area licences in the Falkland Islands. The oil and gas exploration and development company with operations in the Falkland Island Basins said the PGS Ramform Titan ship has begun the survey over the mid-Cretaceous complex.

• Tuesday, November 5th 2013 - 07:01 UTC

  Argentina oil and gas output continues to fall; YPF reports a better performance

  

  Despite all the efforts and new incentives implemented by the administration of President Cristina Fernandez, Argentina's oil and gas production to August compared to last year's eight months continues to decline although at a slower rate: 2.76% and 6.57% respectively, according to the latest figures released by the Energy Secretary.

• Tuesday, November 5th 2013 - 01:24 UTC

  Falklands' government announces updated version of Oil Readiness Checklist

  

  The Falkland Islands Government has announced that an updated version of the FIG Oil Readiness Checklist is now available online. The checklist refers to key areas from the FIG ongoing program for the development of the hydrocarbons industry as it grows into a production phase.

• Monday, November 4th 2013 - 00:30 UTC

  IDB financing for private sector 90 MW wind farms in Uruguay

  

  The Inter-American Development Bank (IDB) approved a private sector loan for up to 132.6 million to partially finance the construction of the Carapé I and II wind farms in Uruguay.

• Friday, November 1st 2013 - 21:29 UTC

  Risks to public health from fracking for shale gas are low, says UK government

  

  The risks to public health from fracking for shale gas are low, according to a new official report. Any problems publicized so far - such as in the US - are the result of operational failure or poor regulation according to a study, by Public Health England, an agency of the Department of Health, reviewed the latest research.

• Thursday, October 31st 2013 - 04:05 UTC

  Shell aggressively quickening offshore oil exploration pace in Uruguay

  

  Oil exploration in Uruguay picked up strongly with the arrival of Anglo-Dutch Shell which took over Brazil's Petrobras participation in two offshore blocs according to the country's oil company Ancap Exploration and Production manager Hector de Santa Ana.

• Wednesday, October 30th 2013 - 21:26 UTC

  Cartes and Rousseff confirm Mercosur with inauguration of 500 KW power plant and transmission line

  

  Paraguayan president Horacio Cartes and his peer from Brazil Dilma Rousseff inaugurated on Tuesday a 500KW power plant and line from the Itaipú hydroelectric dam to the city of Asunción which should help end endemic blackouts and supply a new industrial park.

• Wednesday, October 30th 2013 - 06:57 UTC

  Petrobras negotiating sale of assets in Peru to Chinese company for 2bn dollars

  

  China National Petroleum Corp., the country’s largest oil producer, is nearing an agreement to buy Petrobras assets in Peru for more than 2 billion dollars. The proposed deal may be announced as soon as next month, according to sources quoted by Bloomberg.