Energy & Oil

Thursday, April 11th 2013 - 06:38 UTC
When oil is involved, compromise is key

By Terry Karl (*) - The death of Margaret Thatcher will not change the necessity for or the timing of negotiations on the Falklands/Malvinas issue. This political football has re-emerged repeatedly – regardless of the leaders in power – usually for domestic reasons in both Argentina and the United Kingdom. There is little political will for a settlement in the short-term on either side, especially now that offshore oil is publicly and definitively in the picture.
Thursday, April 11th 2013 - 00:39 UTC
YPF forced to import more fuel following fire in La Plata refinery

Argentina’s state oil and gas company YPF CEO Miguel Galuccio announced that fuel production could drop 7% because of a fire at its refinery in La Plata. A return to full operations at the 180.000 bpd facility is expected in 30-45 days time.
Thursday, April 11th 2013 - 00:35 UTC
Falklands’ oil company completes 3D seismic program and is planning next drilling campaign

Borders & Southern announced this week it has completed the 3D seismic program in the South Falkland Basin offshore the Falkland Islands. The group acquired 1,025 sq km of full fold seismic data collected by the ‘Ramform Challenger’, which will be processed by Petroleum Geo-Services.
Wednesday, April 10th 2013 - 07:33 UTC
Petrobras calls for clear rules to foster investment in shale production development

Brazil’s oil and gas Petrobras said Argentina needs clear rules to foster investments if it wants to develop its unconventional oil and gas resources.
Monday, April 8th 2013 - 04:47 UTC
Russia’s Gazprom after Bolivian natural gas; takes 20% stake in Total fields

Russia’s Gazprom will buy a 20% stake in Total SA’s gas fields in Bolivia. Total will retain 60% ownership in the fields, while a unit of Argentina’s Techint Group holds 20”, announced Bolivia’s Energy minister Juan Jose Sosa.
Monday, April 8th 2013 - 01:02 UTC
The Falkland Islands brace for oil wealth; the Norwegian experience

By Brian Swint (Bloomberg - Businessweek) - On March 10 and 11, Falkland Islanders voted in a referendum on whether to remain under British rule. Of its 2,563 citizens, only three voted no. The victory set off howls of indignation in nearby Argentina, which fought a brief, disastrous war with Britain over the South Atlantic islands in 1982.
Thursday, April 4th 2013 - 18:37 UTC
Falkland Islands’ oil industry associate begins offshore production from Israel’s major gas deposits

Houston based Noble Energy which also has interests in the Falkland Islands oil industry announced this week that the Tamar natural gas field offshore Israel has been successfully brought online with all five of the sub-sea wells now producing at stable rates totalling approximately 300 million cubic feet per day.
Thursday, April 4th 2013 - 16:59 UTC
Gas starts flowing from Israel's Levant Basin, what now?

By Jen Alic - The first gas has started flowing from Israel's super-giant Tamar gas-field in the Levant Basin. Where it will go will redraw the Mediterranean energy map and the geopolitics that goes along with it.
Tuesday, April 2nd 2013 - 02:42 UTC
Uruguay will go ahead with the re-gasification plant “with or without Argentina”

President Jose Mujica confirmed that the project for the construction of a liquid gas re-gasification plant in the River Plate coast, originally planned with Argentina, “will go ahead with of without the Argentine government”.
Monday, April 1st 2013 - 19:56 UTC
Brazil’s power companies report huge losses in 2012 forced by cheaper electricity bills

Latinamerica’s largest power company Eletrobras, managed by the Brazilian government reported losses equivalent to 3.4bn dollars last year which were mostly attributed to a bill promoted by the administration of President Dilma Rousseff ro reduce electricity bills both for industry, agriculture and home consumption.