Energy & Oil

Monday, November 27th 2017 - 12:03 UTC
Canada's PentaNova Energy signs farm-in agreement with YPF in Neuquen basin

Canadian exploration and production company PentaNova Energy announced it signed a final farm-in agreement with Argentine energy company YPF for a further 11% stake in the Llancanelo oilfield, reports Buenos Aires media.
Wednesday, November 22nd 2017 - 15:39 UTC
London lobbied successfully in Brazil on behalf of British oil industry, claims The Guardian

Britain successfully lobbied Brazil on behalf of BP and Shell to address the oil giants’ concerns over Brazilian taxation, environmental regulation and rules on using local firms, government documents reveal, according to a piece published in The Guardian.
Friday, November 17th 2017 - 08:03 UTC
Petrobras counts on pre-salt production to compete with a boom in US shale output

Brazil's low-cost oil will help Petrobras compete in a tough market as it seeks to turn around its business, Pedro Parente, CEO of the state-owned oil giant anticipated. Oil majors such as Exxon, Mobil, BO, Royal Dutch Shell, Total and Statoil have been snapping up blocks in the Atlantic Ocean off the coast of Brazil that hold crude under thousands of meters of salt.
Thursday, November 16th 2017 - 19:09 UTC
Petrobras shares plunge after disappointing third quarter earnings

Shares of Brazil’s Petrobras plunged 7.8% on Tuesday a day after the state-controlled oil company reported disappointing third-quarter earnings. The company also announced that during October oil production remained stable but gas was down 1.5%
Thursday, November 16th 2017 - 19:01 UTC
October inflation in Argentina reaches 1.5% and 19,4% in ten months

Argentina’s consumer prices rose 1.5% in October, government statistics agency Indec said on Tuesday, bringing 10-month inflation to 19.4%. It was the second month in a row that cumulative inflation for 2017 was above the upper band of the central bank’s target range for inflation, between 12% and 17% this year. Private sector economists expect inflation of 23% this year and 16% in 2018.
Thursday, November 16th 2017 - 15:15 UTC
Falklands announces new Legislative Assembly and portfolios assigned

The new Legislative Assembly of the Falkland Islands has been announced, following the General Election which concluded on Thursday 9th November.
Saturday, November 11th 2017 - 08:55 UTC
YPF will relocate investment from natural gas to crude oil, because of changes in subsidies policy

Argentina's state-run oil company YPF is “disappointed” by cuts to the government's natural gas production subsidies and will re-allocate investment toward crude oil production.
Wednesday, November 8th 2017 - 10:50 UTC
Oil markets settle lower, but prospects are in place for prices to continue climbing

Oil settled lower on Tuesday after rising to the highest since July 2015 the previous day, while tension flared between Saudi Arabia and Iran, and the Saudi crown prince tightened his grip on power.
Wednesday, November 8th 2017 - 05:06 UTC
Mexico strikes its biggest onshore oil discovery in 15 years; production should begin in 2019

Mexico’s national oil company Pemex has made its biggest onshore oil discovery in 15 years with a find in the eastern state of Veracruz, President Enrique Peña Nieto announced. Pemex made the discovery by drilling its onshore Ixachi well, near the municipality of Cosamaloapan and the overall field is believed to hold some 350 million barrels of proven, probable and possible reserves.
Tuesday, October 31st 2017 - 08:30 UTC
Brazil: the return of deepwater oil

By Nick Cunningham of Oilprice.com - On a historic auction for deepwater oil assets in Brazil, the oil majors showed up on October 27 and bought several offshore blocks, indicating a high level of interest in the country after a major policy overhaul allowed private investment.