Energy & Oil

Saturday, September 26th 2015 - 07:43 UTC
Falklands' oil companies agree to resume drilling at successful Sea Lion prospect

Falkland Oil and Gas PLC on Friday announced it has agreed with Rockhopper Exploration PLC and Premier Oil PLC to drill another well on the Isobel/Elaine complex to replace the planned Jayne East well.
Wednesday, September 23rd 2015 - 08:22 UTC
Falklands Argos completes farm-out agreement with Noble and Edison

Falklands focused Argos Resources Limited confirmed the completion by its wholly owned subsidiary, Argos Exploration Limited of a farm out agreement with Noble Energy Falklands Limited and Edison International S.p.A in respect of its Licence PL001.
Thursday, September 17th 2015 - 20:25 UTC
Methanol production resumes in Magallanes with ENAP natural gas

Chile's government petroleum company, ENAP, announced that based on the production success of its Arenal block in the extreme south of the country, it has reached a natural gas supply agreement with Methanex, the Canadian methanol plant next to Punta Arenas which is one of the region's leading industries.
Thursday, September 17th 2015 - 09:45 UTC
Petrobras oil/gas production in August sets new records; subsalt output up 61% in twelve months

Brazil's state-controlled Petrobras produced a record 2.69mn b/d of oil equivalent (boe/d) in August, 3.1% increase over July and almost 1% higher than the previous 2.67mn boe/d record set in December 2014, the company said on Wednesday.
Thursday, September 17th 2015 - 09:40 UTC
Repsol and BG group discover natural gas reserves in southern Bolivia

President Evo Morales confirmed the discovery of new natural gas reserves at two adjacent fields in southern Bolivia that are managed by a consortium led by Spanish oil major Repsol. The Margarita and Huacaya fields are located in the Caipipendi block, in which Repsol and Britain's BG Group each has a 37.5% stake and Anglo-Argentine oil company Pan American Energy holds a 25% interest.
Wednesday, September 16th 2015 - 09:18 UTC
OPEC refuses to cut output pushing higher-cost oil producers out of the market

The monthly report from the Organization of the Petroleum Exporting Countries said a weaker outlook for China would contribute to slower global oil demand growth next year. “U.S. oil production has shown signs of slowing,” OPEC said in the report. “This could contribute to a reduction in the imbalance of oil market fundamentals, however, it remains to be seen to what extent this can be achieved in the months to come.”
Saturday, September 12th 2015 - 11:23 UTC
Falklands' oil company unaware of reasons for share prices increase

Falkland Oil and Gas Limited, the oil and gas exploration company focused on its extensive licence areas to the North, South and East of the Falklands islands, notes Friday's increase in the Company's share price and confirms that it is not aware of any reason that would lead to such a movement.
Saturday, September 12th 2015 - 09:59 UTC
UK offshore oil sector lost 65.000 jobs; industry's challenge: taking a barrel's operational cost to £15

The contraction of Britain's offshore oil sector has already stripped out 65,000 jobs, according to a new report. The calculation of a 15% drop since the start of last year came from the annual economic impact report of trade body Oil and Gas UK.
Wednesday, September 9th 2015 - 12:06 UTC
The default next move for oil is downwards, and here's way

By Martin Tillier of Oilprice.com - As traders, investors and pundits, we all like to think that what we do is akin to a science. We believe that by working harder and being smarter we can give ourselves an edge, that enough research will reveal to us the next move, either a long term trend or an intraday blip on a chart, and that we can profit from that knowledge
Tuesday, September 8th 2015 - 06:24 UTC
Maduro pledges a comprehensive PetroCaribe plan spanning 2015/2025

Venezuelan President Nicolas Maduro has pledged to build a comprehensive plan for PetroCaribe, in the next ten years, spanning 2015-2025.