Energy & Oil

• Friday, August 1st 2014 - 14:52 UTC

  Five industries worried about peak oil

  

  The debate over the impact of peak oil has been raging for decades. Although few deny that the end of mass oil consumption is drawing nearer, educated estimates now range between 2020 and 2030.

• Thursday, July 31st 2014 - 22:19 UTC

  Falklands Chamber of Commerce re-elects Spink; forecast of busy 2015 propped by oil and squid

  

  Falkland Islands economy will keep growing and businesses will be busy next year spurred by the oil industry and better Illex catches, anticipated Falkland Islands Chamber of Commerce, FICOC, Roger Spink who was re-elected as head of the Board of Directors.

• Wednesday, July 30th 2014 - 01:34 UTC

  UK to encourage extraction of natural gas and oil from shale rock to help with declining production

  

  The British government plans to make more land available for licensing for oil and natural gas exploration in the first such expansion since 2008. The move, which had been anticipated by the oil and gas industry, could prove to be a milestone in efforts by the government of Prime Minister David Cameron to encourage the extraction of natural gas and oil from shale rock.

• Monday, July 28th 2014 - 07:30 UTC

  Cash-short Venezuela considering the sale of its US downstream subsidiary

  

  Venezuela's state-run oil company Petroleos de Venezuela SA (PDVSA) is considering offers to sell its U.S. downstream subsidiary Citgo, industry research group Argus Media reported on its website last Friday.

• Friday, July 25th 2014 - 06:26 UTC

  Uruguay oil and gas summit schedules for next November

  

  Global Summits Organizer IRN and Grupo BG de Eventos will be launching the inaugural Uruguay Oil & Gas 2014 Summit which will take place on 17th-18th November in the capital of Uruguay, Montevideo. This Summit follows the announcement of the third oil bidding round, the Ronda Uruguay III.

• Thursday, July 24th 2014 - 06:18 UTC

  Humala signs contract for pipeline that will make Peru a leading gas exporter of the region

  

  The consortium made up of Spanish energy company Enagas and Brazilian construction giant Odebrecht signed a contract on Wednesday with Peru's Energy and Mines Ministry for the construction and operation of a natural gas pipeline that will run from the Camisea gas fields to the Pacific port of Ilo.

• Monday, July 21st 2014 - 07:06 UTC

  Guyana offshore oil exploration hampered by neighboring Venezuela

  

  Guyana’s offshore exploration for oil in areas being contested by neighboring Venezuela is being faced with setbacks. Natural Resources and Environment Minister Robert Persaud in making the revelation said this is linked to the expulsion and temporary seizure of the Malaysian seismic research vessel, RV Teknik Perdana, by Venezuela’s Navy last year.

• Friday, July 18th 2014 - 08:53 UTC

  Falklands enters oil production stage: contract awarded for designing tension leg platform

  

  International engineering and project management company, AMEC, will be the company responsible for designing Premier Oil’s tension leg platform (TLP) for the Sea Lion Development in the North Falklands Basin, 200 kilometers to the north of the Falkland Islands.

• Monday, July 14th 2014 - 06:07 UTC

  US consolidating as world's biggest oil and natural gas producer

  

  The US will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs US economic recovery, Bank of America Corp. said in a report.

• Monday, July 14th 2014 - 05:49 UTC

  Russia interested in Argentina's shale deposits, says Cristina Fernandez

  

  President Cristina Fernandez confirmed Russia’s interest in investing in Argentina's Vaca Muerta shale formation in Patagonia and announced that a Russian delegation will travel soon to the area, which holds one of the largest shale gas and oil reserves of the world.