Energy & Oil

• Tuesday, September 2nd 2014 - 20:01 UTC

  Why the debate over energy storage utterly misses the point

  

  The debate over which energy storage technology will prove to be the best in the long-term is woefully misguided. Many technologies have been tested in the field or been fully installed, but their real-world applications have created constant questions around a number of fixed themes: the three-points concern cost, technology, and potential environmental impact, as well as the need for specific regulation and end-of-life management.

• Tuesday, September 2nd 2014 - 00:18 UTC

  Ukraine's Next Crisis? Economic disaster

  

  Ukraine's next crisis will be a devastatingly economic one, as violent conflict destroys critical infrastructure in the east and brings key industry to a halt, furthering weakening the energy sector by crippling coal-based electricity production.

• Saturday, August 30th 2014 - 07:54 UTC

  Chile's oil corporation plans to pad drill 55 wells for gas in Tierra del Fuego

  

  Chile's petroleum corporation, ENAP, is planning to drill 55 non conventional new wells in Tierra del Fuego beginning September until the end of 2015, with the purpose of increasing the current production from 450.000 cubic meters per day to a million cubic meters of 'tight' gas.

• Saturday, August 30th 2014 - 07:10 UTC

  Venezuela cheap oil and fuel shipments to allies fall to a five-year low

  

  Venezuela’s shipments of crude oil and fuel to its allies have fallen to a five-year low as a weak economy hits its ability to uphold accords that former president Hugo Chávez struck to lower energy costs for friends and expand his diplomatic clout.

• Saturday, August 30th 2014 - 06:41 UTC

  Falklands Argos Resources oil explorer confident on its farm-out outlook

  

  Falkland Islands Argos Resources Ltd posted Friday a narrowed pre-tax loss for the first half, saying it is more confident on the outlook for its farm-out efforts following the recent contracting of the Eirik Raude deep water rig by Noble Energy Inc and Premier Oil PLC.

• Friday, August 29th 2014 - 07:32 UTC

  Malaysia Petronas joins YPF to develop shale-oil reserves in Argentina

  

  Argentine government controlled energy company YPF said on Thursday it signed a 550 million dollars agreement with Malaysia's Petronas to develop shale-oil reserves in the massive Vaca Muerta formation.

• Friday, August 29th 2014 - 06:49 UTC

  New technology could end the debate over pipeline safety

  

  Who could have ever imagined that North America would surpass Saudi Arabia as the world’s largest producer of oil and natural gas liquids? A decade ago, that would have seemed laughable. Yet that’s exactly what has happened; and it’s not just Saudi Arabia that has been left in North America’s dust -- Russia has, too.

• Tuesday, August 26th 2014 - 07:26 UTC

  Falklands: Premier Oil confirms full commitment to Sea Lion project

  

  Premier Oil has updated progress on the Sea Lion project, the first field development offshore the Falkland Islands. Latest subsurface studies suggest recoverable reserves for the Phase 1 development at 308 MMbbl, with further upside of 60 MMbbl if next year’s well on the Chatham prospect confirms that there is no gas cap in the western side of the field.

• Tuesday, August 26th 2014 - 07:24 UTC

  YPF strikes oil and gas in the Kirchner's province

  

  Argentina's petroleum company YPF announced the discovery of new gas and oil reserves in the province of Santa Cruz, with the potential to produce more than 200,000 cubic meters of gas and 370 barrels of oil per day at a depth of 2.770 meters.

• Friday, August 22nd 2014 - 13:07 UTC

  Unlikely bedfellows: mines that run on solar or wind power

  

  Mining companies are often seen as dinosaurs when it comes to making changes that will benefit the environment, but that perception may be shifting as some companies turn to renewable energy to cut costs and lighten their carbon footprint.