Energy & Oil

• Wednesday, March 27th 2013 - 07:53 UTC

  YPF and US based DOW sign memorandum to develop shale gas in Patagonia

  

  Argentina’s nationalized energy company YPF on Tuesday signed a memorandum of understanding with the local subsidiary of the US Dow Chemical to develop the shale gas deposits in the southern Nequen province.

• Tuesday, March 26th 2013 - 05:48 UTC

  BRICS summit to discuss creation of development bank with 50bn initial capital

  

  Brazilian President Dilma Rousseff will attend this week's BRICS summit of five emerging powers hosted by South Africa to discuss creation of their own development bank, the Planalto office announced.

• Tuesday, March 26th 2013 - 05:04 UTC

  Falklands/Malvinas discussions between UK and Argentine lawmakers

  

  Lawmakers from Argentina and the UK attending the 128th Inter-parliamentarian Union assembly held in Ecuador have been holding intense but ‘respectful’ discussions about the Falklands/Malvinas sovereignty dispute.

• Saturday, March 23rd 2013 - 10:17 UTC

  As Cyprus collapses, it's a race to the Mediterranean gas finish line

  

  By Jen Alic of Oilprice.com - Cyprus is preparing for total financial collapse as the European Central Bank turns its back on the island after its parliament rejected a scheme to make Cypriot citizens pay a levy on savings deposits in return for a share in potential gas futures to fund a bailout.

• Monday, March 18th 2013 - 21:13 UTC

  Argentina should be self-sufficient in energy in five/six years says YPF

  

  Argentina’s energy self-sufficiency can be expected in five to six years said Miguel Galuccio, CEO of YPF, the oil and gas corporation which was nationalized a year ago when the government of President Cristina Fernandez seized a 51% majority from Spain’s Repsol.

• Monday, March 18th 2013 - 07:59 UTC

  Petrobras keeps target of 2.5m bpd in 2016 and 4.2m bpd in 2020

  

  Brazilian state-controlled oil company Petrobras has unveiled its business plan for the 2013-2017 period projecting investment of 236.7 billion dollars and maintaining its goal of raising crude-oil output from 2 million barrels per day in 2012 to 4.2 million bpd in 2020.

• Thursday, March 7th 2013 - 23:00 UTC

  Chevron estimates US has recoverable oil and gas equivalent to 35 years of Saudi production

  

  Conservative estimates put the size of recoverable crude oil and natural gas offshore the United States at the equivalent of nearly 35 years of Saudi Arabia's production. Chevron made the case emphasizing the need for development of US offshore resources.

• Thursday, March 7th 2013 - 06:56 UTC

  Cuban leadership trusts Venezuelan oil and financial aid will continue to pour in

  

  A mix of sorrow, self-interest and dread took hold of Cuba as word spread like wildfire that Venezuelan President Hugo Chávez, who had done so much for the country, was dead. While the official newscast devoted its entire program to events unfolding in Caracas, the government reaction was slow in coming.

• Thursday, March 7th 2013 - 06:42 UTC

  Cash-short Petrobras shares surge following raise in diesel prices

  

  Brazil’s Petrobras shares surged in Wednesday trading after the company surprised investors with a 5% increase in domestic diesel wholesale prices. The latest increase helps offset investor disappointment with January's lower-than-expected jump in gasoline and diesel prices, which had pushed Petrobras's shares to a seven-year low in recent sessions.

• Thursday, March 7th 2013 - 01:11 UTC

  French company investing 205m dollars in two wind farms with 35 turbines

  

  French Akuo Energy has broken ground at two maiden wind farm developments in Uruguay totalling 92MW, as it prepares to expand its footprint across Latin America.