Energy & Oil

Wednesday, June 12th 2019 - 08:30 UTC
Exxon-Mobil begins long term development of oil and gas in Argentina's Vaca Muerta shale deposits

ExxonMobil said on Tuesday it will proceed with a long-term oil and natural gas development project on a block in Argentina, targeting the Vaca Muerta shale play. The US-based company plans to drill 90 wells to take production to 55,000 b/d of oil equivalent in five years from the Bajo del Choique-La Invernada block in the Neuquen Basin in the country's southwest, the company said in a statement.
Friday, June 7th 2019 - 09:43 UTC
Argentine Justices uphold Glacier Law: setback for one of world's biggest gold miners

The Argentine Supreme Court ruled against a legal claim by mining companies Barrick Gold Corp and Minera Argentina Gold arguing that Argentina's Glacier Law was unconstitutional. The decision was praised by environmentalists and marked a setback for one of the world's biggest gold miners.
Friday, June 7th 2019 - 08:40 UTC
Maduro names new electricity minister as sporadic blackouts continue

Venezuelan President Nicolas Maduro named a new electricity minister on Thursday, replacing one he appointed just two months ago amid persistent prolonged power blackouts.
Wednesday, June 5th 2019 - 13:01 UTC
Falkland Islands Reception in London

Marking another successful year the Annual Falkland Islands Government Reception took place on Tuesday 4th June at Middle Temple, London.
Wednesday, June 5th 2019 - 10:50 UTC
PDVSA: Venezuelan oil exports fall 17% in May

Venezuelan oil exports fell by 17% in May compared to April, due to the difficulty to sell barrels of heavy crude oil that US refiners used to buy and process before the sanctions imposed on the Nicolás Maduro government, reported Reuters.
Tuesday, June 4th 2019 - 19:29 UTC
Falklands challenged by the complexity of Brexit uncertainties, but will fight for a “fair deal” pledges Governor Phillips

The challenging complexity and uncertain consequences of Brexit, progress in understandings with Argentina, including the second weekly air link to Sao Paulo, a sound economy with financial stability and the strong commitment of the Falkland Islands population with representative democracy, were outlined by Governor Nigel James Phillips, CBE in his annual address to the elected Legislative Assembly of the Falkland Islands.
Friday, May 31st 2019 - 09:24 UTC
Pompeo blames Iran for attacks on oil tankers: “they want to raise the price of crude”

US Secretary of State Mike Pompeo on Thursday blamed Iran for attacks this month on oil tankers in the Gulf, saying it was an effort by Tehran to raise the global price of oil.
Wednesday, May 29th 2019 - 10:03 UTC
Brazil's iron ore industry misery, a boom for Australian big miners

Iron ore prices look set to be stronger for longer, potentially delivering windfall profits for West Australia’s big miners for the next two years. As the iron ore price hit a five-year high of US$107.50/t this week, analysts have begun scrambling to revise their estimates as they start to digest the impact of supply disruptions out of Brazil and how long the outages could linger.
Monday, May 20th 2019 - 09:58 UTC
Argentina ready for its first sale of natural gas cargo

Argentina is offering its first-ever liquefied natural gas cargo, putting the nation on the verge of becoming a regular exporter of the fuel. YPF SA, the state-run oil and gas producer, is seeking to sell a partial cargo from the Tango floating liquefaction unit, or FLNG, at Bahia Blanca, according to traders.
Monday, May 20th 2019 - 09:58 UTC
Long queues and fuel rationing in oil rich Venezuela; Army sent to “cool” angry tempers

Soldiers oversaw rationing of gasoline at service stations in several parts of Venezuela on Sunday as worsening fuel shortages forced angry drivers to wait for hours to fill their tanks, prompting protests in some areas.