Energy & Oil

Saturday, July 28th 2018 - 15:27 UTC
Strong Dollar could cap oil prices

By Irina Slav for Oilprice.com - The strength of the U.S. dollar poses an obstacle to further gains in oil prices. President Trump's trade war with China, which is still in its early stages, has already battered the Yuan.
Saturday, July 28th 2018 - 02:52 UTC
Premier Oil Outline Procurement and Infrastructure Plan in the Falkland Islands

As Mercopress have reported over recent months, Premier Oil continue to progress their Front End Engineering and Design (FEED) process for the Sea Lion oil discovery. As a next step in this process, earlier this week Premier Oil plc provided details of their intended approach to both procurement and infrastructure to support the discovery to the north of the Falkland Islands.
Friday, July 27th 2018 - 07:41 UTC
US clears the way for natural gas exports to Latin America

The U.S. Energy Department on Wednesday cleared the way for faster approval of small scale exports of natural gas including liquefied natural gas to Latin American countries by issuing a rule that does away with a public interest review of the shipments.
Tuesday, July 24th 2018 - 06:10 UTC
Argentine natural gas for Chile beginning next October

Argentina will begin exporting natural gas to Chile from October, the Argentine Energy Ministry said on Friday, following a meeting between the governments of both countries.
Monday, July 16th 2018 - 08:54 UTC
North Falkland Sea Lion Project: Premier Oil advancing in contracting suppliers

Dril-Quip (Europe) in Aberdeen has announced a letter of intent with Premier Oil to provide subsea production systems for the Sea Lion Phase 1 development offshore the Falkland Islands. The letter of intent signed was described as a sizeable supply contract, but was undisclosed.
Monday, July 16th 2018 - 07:20 UTC
Argentine foreign ministry informs Tierra del Fuego delegation on the current Malvinas policy

Overall the Argentine government is satisfied how relations with the UK regarding the South Atlantic, and Falklands' sovereignty claims are evolving, was the message with which members of the so called Malvinas Question Observatory from Tierra del Fuego province, returned to Ushuaia after meeting with foreign ministry officials in Buenos Aires, according to local media reports.
Saturday, July 14th 2018 - 07:48 UTC
Venezuela’s oil crisis gets worse: Production keeps falling

Venezuela’s oil production plunged by another 47,500 barrels per day (bpd) in June, compared to a month earlier. An exodus of workers and field shut downs were reported for the month, pointing to a grim near-term future that could see total production dip below 1 million barrels per day (mb/d) by the end of the year.
Wednesday, July 11th 2018 - 07:00 UTC
Petrobras diversifies to renewables: signs MoU with Total's green arm

Brazilian state-run oil and gas company Petrobras has signed a memorandum of understanding (MoU) with French oil major Total SA and its green arm Total Eren SA for collaboration in renewable projects in Brazil.
Monday, July 9th 2018 - 07:34 UTC
Falklands' oil industry on the move as Sea Lion project financing has a pathfinder bank

Rockhopper Exploration says Standard Chartered Bank will serve as Pathfinder Bank for the proposed senior debt project financing of the Premier Oil-operated Phase 1 development of the Sea Lion project offshore the Falkland Islands.
Friday, July 6th 2018 - 08:16 UTC
The new oil cartel threatening OPEC

When reports emerged that India and China are in talks about forming an oil buyers' club, OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. Now, it may be time for it to start worrying.