Energy & Oil

• Saturday, June 6th 2015 - 08:11 UTC

  OPEC holds production at 30 million bpd; markets react with volatility

  

  Crude oil prices were volatile after ministers from the Opec cartel decided to hold production levels at 30 million barrels per day. Brent crude traded in a narrow range around $62 a barrel, before ending the day up 1.8% at $63.15.

• Friday, June 5th 2015 - 09:23 UTC

  The evolution of the oil weapon

  

  In the age of derivatives, swaps, and electronic money transfers, a new form of warfare has emerged: financial warfare. Recently, the US has passed sanctions on countries such as Syria, Venezuela and North Korea, but the majority of energy related sanctions passed have been targeted at Iran and Russia.

• Wednesday, June 3rd 2015 - 09:24 UTC

  Falklands advances despite Argentine disruption and blockade efforts, says Acting Governor Sandra Tyler-Haywood

  

  Falkland Islands' Her Honour the Acting Governor delivered on Tuesday his State of the Nation speech to the elected Legislative Assembly underlining progress and expansion achieved in the economy and community development, the UK resolute in defending the rights and wishes of the Falkland Islanders to develop their own natural resources, and despite Argentine disruption and blockade efforts, first oil is expected to be produced in 2019.

• Monday, June 1st 2015 - 07:47 UTC

  Petrobras denies sale of distribution network for much needed investment cash

  

  Brazilian state-controlled oil company Petrobras said that the 13.7bn dollars divestment program it unveiled two months ago does not include plans to sell a stake in its service station network.

• Friday, May 29th 2015 - 09:44 UTC

  Falkland Islands welcomes 'oil discovery' at the Isobel Deep exploration

  

  The Falkland Islands Government welcomed Thursday's announcement by Premier Oil and partners that the 14/20-1 ‘Isobel Deep’ exploration well has been declared an “oil discovery”. Isobel Deep in the North Falkland basin, is the second well of a six-well offshore campaign planned to take place in the Islands waters through 2015.

• Tuesday, May 26th 2015 - 06:38 UTC

  YPF strikes oil in south Patagonia; resources estimated in 40m oil barrels

  

  Argentina's oil and gas government managed corporation YPF announced the discovery of a new oil field in Los Caldenes, in Patagonia Rio Negro province, with resources estimated in 40 million oil barrels. Manzano Grande x-1 is the second “discoverer well” in this block of 115 square kilometers located north of the Cinco Saltos town.

• Wednesday, May 20th 2015 - 05:11 UTC

  Falklands' Isobel Deep well with good prospects of finding oil, say operators

  

  Premier Oil’s high-impact Falklands Isobel Deep well has hit oil shows in a suspected high pressure formation, partners Rockhopper Exploration and Falkland Oil & Gas Ltd., said Tuesday morning. But, the area will now have to be cased, delaying the drilling program.

• Monday, May 18th 2015 - 05:03 UTC

  Falklands' Borders & Southern releases encouraging technical update of Darwin gas/condensate discovery

  

  Borders & Southern has issued a technical update on its Darwin gas/condensate discovery south of the Falkland Islands and near-field prospectivity. The goal was to improve understanding of the Darwin reservoir interval, both within and surrounding the discovery and also its projected facies trend along the Aptian shelf

• Saturday, May 16th 2015 - 08:30 UTC

  Falklands' geophysical oil exploration buoy ends up in SW Australia

  

  The hull bears the scars of a 10,483 kilometre journey from the Falkland Islands in the south Atlantic, through the Southern and Indian Oceans to the shores of Esperance in southern Western Australia, according to reports in the Australian media.

• Friday, May 15th 2015 - 07:32 UTC

  Petrobras production from pre-salt fields reaches milestone 800.000 bpd

  

  Brazil’s Petrobras said that oil production in Santos and Campos basin pre-salt fields reached a milestone production volume of 800Mbbl/d. The volume was recorded on April 11, with 74% (590Mbbl/d) Petrobras’ share with the remainder belonging to partner companies working in different pre-salt areas.