Energy & Oil

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.
Saturday, May 18th 2019 - 09:48 UTC
Argentine oil and soybean industries exempt from latest taxes on imports

Argentina will exempt an import tax on goods that are used in the production of exports, such as soybeans and machinery to develop unconventional hydrocarbons in the Vaca Muerta shale play, Treasury Minister Nicolas Dujovne said in a radio interview on Friday.
Saturday, May 18th 2019 - 09:31 UTC
Argentina awards 18 offshore oil exploration areas; UK companies take 7 areas, some next to Falklands

Argentina awarded permits to begin hydrocarbon exploration in 18 areas off the coast of the Buenos Aires province, the Austral basin and the Malvinas West basin, which neighbors with the Falkland Islands, the insular territory claimed by Argentina.
Friday, May 17th 2019 - 11:00 UTC
Premier Oil finances improving and so are Falklands' Sea Lion project prospects

Britain’s Premier Oil increased its 2019 production guidance on Thursday, saying output had been boosted by efficiency measures and a late sale from its now-divested Pakistan oil fields. The company said it now expects output to reach 75,000 to 80,000 barrels of oil equivalent per day (boed) this year, from up to 75,000 boed previously.
Thursday, May 16th 2019 - 08:24 UTC
Oil prices edge up on the Iran situation, but inventories are still very high

Oil prices edged up on Thursday to extend gains into a third straight session, as tensions in the Middle East stoked fears of potential disruptions to supply. Brent crude futures were at US$72.04 a barrel at 0110 GMT, up 27 cents, or 0.4per cent, from their last close. Brent closed up 0.7per cent on Wednesday.
Saturday, May 11th 2019 - 08:31 UTC
YPF focusing on shale oil to increase production growth

YPF, the largest oil and natural gas producer in Argentina, is focusing on shale oil for production growth as a glut slows natural gas output, managers at the state-backed company said Friday.