Energy & Oil

Wednesday, September 24th 2014 - 15:50 UTC
WTO lowers global goods trade growth for this year and 2015

Global goods trade will grow less than hoped this year and next, and factors including regional conflicts and the Ebola outbreak are putting a quick return to stronger growth at risk, the World Trade Organization said today.
Saturday, September 20th 2014 - 00:04 UTC
Why China's insatiable appetite for coal has likely peaked

A recent report from Greenpeace found that China's coal consumption declined in the first half of this year and new Chinese government data suggests that the country's coal imports have dropped. Estimates indicate that by the end of the year, China's coal imports could be 8 percent below 2013 levels.
Thursday, September 18th 2014 - 06:25 UTC
Developing oil field Libra off Brazil will cost 80bn dollars said France's Total

Brazil's biggest oil field, Libra, will cost 80 billion dollars to develop, according to a senior executive with France's Total, one of five consortium members participating in the project. Total's vice president of exploration and production for the Americas, Ladislas Paszkiewicz, made the estimate at the Rio Oil & Gas conference, which began Monday and runs through Thursday.
Thursday, September 18th 2014 - 05:03 UTC
Falklands oil company is ready to begin drilling at the end of 2015 first quarter

Falkland Oil and Gas Limited (FOGL) reported this week that it is making progress with its preparations for its next drilling campaign, which is scheduled to start during the first quarter of 2015 off the South Atlantic Falklands Islands.
Wednesday, September 17th 2014 - 04:02 UTC
Brazil will hold new round of oil right auctions in the first half of 2015

Brazil will hold a 13th round of oil rights auctions in the first half of next year in a sale that will include new areas in the country's promising Eastern Margin offshore region, a senior mines and energy ministry official said this week.
Monday, September 15th 2014 - 05:11 UTC
Gas prices must increase to sustain strong investment levels, says YPF Galuccio

Argentina's YPF oil and gas state corporation CEO Miguel Galuccio pointed out that the increase in gas prices is needed in order to sustain “strong investment levels” for the company and revealed that the cost of drilling a well in the country's massive oil field in Vaca Muerta has fallen below 7 million dollars.
Thursday, September 11th 2014 - 05:14 UTC
Islamic State's ultimate goal: Saudi Arabia's oil wells

For the terrorist group known as the Islamic State, Syria and Iraq were a good place to start their campaign, but in order to survive and prosper it knew from the outset that it had no choice but to set its sights on the ultimate prize: the oil fields of Saudi Arabia.
Friday, September 5th 2014 - 03:28 UTC
Falklands' GDP 'volatile' because of fisheries and oil and gas exploration

Recently released data shows that the Falkland Islands Gross Domestic Product (GDP) continues to be volatile: expanding considerably during some years and shrinking in others. For example, 2012, a year of intense hydrocarbons activity the per capita for a population of 2.562, in the books soared to £77.400.
Thursday, September 4th 2014 - 05:20 UTC
Argentina's dispute with holdouts “will not affect” Chinese investments, says Beijing

The current legal dispute between Argentina and holdouts (“vulture funds”) suing the country over its defaulted bonds “will not affect” planned Chinese investments, since Argentina and China have a 'strategic association', the head of the National Commission of Development and Reform (CNDR) of China Xu Shaoshi, warned on Wednesday.
Wednesday, September 3rd 2014 - 22:05 UTC
Soros signals Argentina’s shale is biggest place to be

One of the world’s legendary investors is upping his bet on Argentina’s shale oil and gas industry in a show of confidence for shale production in South America’s largest unconventional prize —and a big boost for both super-majors and smaller players making big waves in the heart of new discovery areas.