Energy & Oil

• Friday, May 15th 2015 - 07:15 UTC

  Cristina Fernandez comes out strongly in defense of minister Kicillof

  

  President Cristina Fernandez has questioned accusations against Economy Minister Axel Kicillof over his alleged YPF monthly salary of 400.000 Argentine Pesos (approx 35.000 dollars).

• Friday, May 15th 2015 - 04:41 UTC

  Exxon discovers oil off Guyana coast, in territory claimed by Venezuela

  

  Exxon Mobil Corp has discovered oil off the coast of Guyana, the company and the South American nation's government said on Thursday, potentially inflaming a long-running territorial dispute with neighboring Venezuela.

• Thursday, May 14th 2015 - 08:17 UTC

  Saudi Arabia continues to turn screws on U.S. Shale

  

  Saudi Arabia continues to ratchet up production, taking market share away from U.S. shale producers. According to OPEC's latest monthly oil report, Saudi Arabia boosted its oil output to 10.31 million barrels per day in April, a slight increase over the previous month's total of 10.29 million barrels.

• Thursday, May 14th 2015 - 00:17 UTC

  Premier confirms Falklands' frontier exploration, where it continues drilling

  

  Premier Oil, currently involved in successful exploratory drilling in the Falkland Islands, produced less oil and gas in the first quarter of the year, but its output of 60,200 barrels of oil equivalent per day (boepd) was above guidance, sending its shares higher on Wednesday.

• Wednesday, May 13th 2015 - 08:37 UTC

  IDB 216m dollars loan for Uruguay to support construction of wind farms

  

  The Inter-American Development Bank (IDB) continues to support the expansion of renewable energy in Uruguay through two financial packages, totaling 216 million dollars, which were approved for the private sector to finance part of the construction of the Colonia Airas and Valentines wind farms and their related works.

• Wednesday, May 13th 2015 - 08:29 UTC

  Petrobras still Latam's top company but fell to second-worst performer because of corruption losses

  

  Brazil's state oil giant Petrobras remains Latin America's top company in revenues, but has lost its position as the profit leader after posting record losses last year due to a growing corruption scandal and administrative inefficiencies, according to a new ranking of the region's 500 largest companies from digital publication Latinvex.

• Tuesday, May 12th 2015 - 22:03 UTC

  Falklands' Isobel Deep drilling operations have recommenced

  

  Energy company Rockhopper Exploration and Falkland Oil and Gas Ltd., have announced that drilling operations at Isobel Deep well have recommenced. Isobel Deep is located in the North Falklands basin and is part of the current round of drilling in Falklands' waters.

• Tuesday, May 12th 2015 - 08:43 UTC

  Obama approves oil drilling in the Arctic Sea under certain conditions

  

  President Barack Obama's administration on Monday approved petroleum giant Shell's request to begin drilling for oil and gas in the Arctic Sea under certain conditions, despite opposition from environmental groups.

• Saturday, May 9th 2015 - 08:46 UTC

  US economy created 233.000 new jobs in April and unemployment falls to 5.5%

  

  Employers in the US created 223,000 new jobs in April, a much larger increase than the month before. At the same time, the US Department of Labor said the unemployment rate dropped to a seven-year low of 5.4%, down from 5.5% in March.

• Wednesday, May 6th 2015 - 18:40 UTC

  Is this where investors should be looking when oil recovers?

  

  When oil prices recover-and plenty of analysts think the climb back up will start soon-Canada's western frontier of Saskatchewan and neighboring Alberta will 'still have the edge'', according to a report from TD Economics. Depressed oil prices may have skewed the view from Canada's oil-producing west, but this will be one of the better places to bet on the oil rebound.