Energy & Oil

• Monday, June 6th 2011 - 05:57 UTC

  YPF ready to take control of Argentina’s main gas distributor

  

  Argentina’s oil corporation YPF signed a purchase option for 54.67% of the British Gas controlled GASA group that is the country’s largest distributor of gas. The purchase option expires August 31.

• Thursday, June 2nd 2011 - 09:44 UTC

  Mexico’s oil company sues US firms for trading stolen gas condensates

  

  Petroleos Mexicanos; Pemex, sued 11 US firms over claims they helped Mexican drug cartels smuggle and re-sell more than 300 million USD in natural gas liquids stolen from Mexico’s northern oilfields into the U.S.

• Thursday, June 2nd 2011 - 09:29 UTC

  New York sues Federal government on natural gas drilling in Delaware river basin

  

  New York's attorney general is suing the federal government to compel a full environmental review of proposed regulations for natural gas drilling in the Delaware River Basin.

• Thursday, June 2nd 2011 - 08:57 UTC

  Rolls Royse joins Brazil’s new oil rush with plant for offshore rigs energy modules

  

  Relying on the expected growth of the oil and gas industry in Brazil and the influx of new rigs and floating production, storage and offloading, FPSO, in the Brazilian offshore market, British manufacturer, Rolls Royse is set to make a 60 million US dollars investment in a new plant to build energy modules for offshore rigs.

• Thursday, June 2nd 2011 - 04:15 UTC

  Brazil gives definitive approval to world’s third largest hydroelectric dam project

  

  Brazil's environment agency gave its definitive approval Wednesday for construction of the Belo Monte hydroelectric dam, a controversial 17 billion US dollars project in the Amazon that has drawn criticism from native Indians and conservationists.

• Wednesday, June 1st 2011 - 16:23 UTC

  Falklands’ appraisal well confirms oil quality at Sea Lion prospect discovery

  

  Rockhopper Exploration operating in the North Falkland basin has provided an upbeat update on its second appraisal well, 14/10-5, on the Sea Lion discovery which was drilled 600 m north of the 14/10-2 discovery well to a TD of 2,726 m.

• Tuesday, May 31st 2011 - 08:18 UTC

  Germany plans to shut all nuclear reactors by 2022 and double renewable energy to 35%

  

  Germany plans to shut all nuclear reactors by 2022, Chancellor Angela Merkel's ruling coalition announced Monday, in a policy reversal drawn up in a rush after the Fukushima disaster in Japan.

• Tuesday, May 31st 2011 - 07:13 UTC

  Falklands’ Desire Petroleum completes 3D seismic program; encouraged by new prospects

  

  The Falklands oil company Desire Petroleum announced Tuesday it had completed the acquisition of 3D seismic program over an area of 1.416 kilometres with initial indications of encouraging new prospects.

• Saturday, May 28th 2011 - 07:03 UTC

  Mexico strikes major gas deposit in Gulf of Mexico deep water drilling

  

  State-owned oil giant Petroleos Mexicanos, Pemex, announced this week it had struck between 400 billion and 600 billion cubic feet of natural gas and condensates at a deepwater well in the Gulf of Mexico.

• Wednesday, May 25th 2011 - 22:37 UTC

  Uruguay/Argentine LNG floating terminal project attracts 39 industry leaders

  

  Uruguay and Argentina have received interest from 39 companies to build infrastructure for a floating LNG terminal, a project they are fast-tracking to start operations by the end of 2013, a project adviser said Tuesday.