Energy & Oil

• Wednesday, March 7th 2012 - 17:23 UTC

  Cristina Fernandez meets Piñera next week: Falklands air link in the agenda

  

  Argentine president Cristina Fernandez is scheduled to travel to Chile next week to meet with her peer Sebastian Piñera and the Falklands issue expected to outstand in the bilateral agenda, particularly air links with the Islands.

• Tuesday, March 6th 2012 - 23:55 UTC

  China boosts domestic security budget to face growing unrest

  

  Premier Wen Jiabao said China would strengthen its military's capabilities to win “local wars under information-age conditions”, even as the government announced a steep 11.5% rise in domestic security spending to ensure stability ahead of a leadership transition.

• Thursday, March 1st 2012 - 23:11 UTC

  Argentina and Spain agree to a working group to help resolve YPF ‘differences’

  

  Spain and Argentina formed a working group to resolve their “differences” over YPF, the Argentine oil company majority-owned by Madrid-based Repsol-YPF, Industry Minister Jose Manuel Soria said.

• Thursday, March 1st 2012 - 04:34 UTC

  Argentine government preparing legal framework to grab YPF from Spain’s Repsol

  

  The government of President Cristina Fernandez is preparing the legal framework to take control of Spain’s Repsol-YPF subsidiary in Argentina which it has accused of not investing sufficiently and has triggered a round of discussions with the Spanish corporation’s top official, reports the Buenos Aires media.

• Tuesday, February 28th 2012 - 01:58 UTC

  Mercosur/Gulf states closer to trade agreement but leaving petrochemicals for later

  

  Brazil is eager to finalize a free trade agreement between the GCC (Gulf Cooperation Council) and the Mercosur bloc but believes the petrochemicals sector will be exempted until further study after the signing, said Brazilian Trade and Industry Minister Fernando Pimentel.

• Tuesday, February 28th 2012 - 01:51 UTC

  YPF feeling the noose from Argentina; Madrid doing its best to defend Spanish interest

  

  Foreign Affairs minister Jose Manuel García-Margallo assured that the Spanish government “is doing what must be done” to defend the interests of Spanish companies in Argentina, but has avoided releasing details.

• Monday, February 27th 2012 - 19:56 UTC

  Repsol-Sinopec makes huge oil discovery off-shore Brazil: 250m boe

  

  Spain's Repsol and China's Sinopec have made an oil discovery offshore Brazil that could be one of the biggest so far in the area and that boosted confidence that across in Africa, Angola's deepwater reserves may be abundant too.

• Wednesday, February 22nd 2012 - 02:50 UTC

  US and Mexico agree to develop deep-water oil and gas fields in the Gulf of Mexico

  

  US and Mexico have agreed to work together to develop deep-water oil and gas fields that straddle their maritime border in the Gulf of Mexico. The deal was signed at a meeting of the G20 group of industrial and developing countries in Los Cabos, Mexico.

• Wednesday, February 22nd 2012 - 02:42 UTC

  Falklands’ government oil revenue of 180bn, only the ‘best case’ scenario

  

  The Falkland Islands Director of Minerals Stephen Luxton said that estimates published last week in the UK, of revenue of 180 billion dollars for the Falklands Government from oil production are only a “best case” scenario since in spite of great potential, the only true test is the drill bit.

• Tuesday, February 21st 2012 - 20:46 UTC

  Falklands’ Desire Petroleum participating at North American Prospect Expo in Houston

  

  Falklands’ oil explorer Desire Petroleum Plc (AIM:DES) will be making presentations this week at the North American Prospect Expo (NAPE) in Houston.