Energy & Oil

Monday, August 11th 2014 - 08:11 UTC
Brazil oil output at record 2.246m bpd in June: 6.9% higher over a year ago

Brazilian oil output reached a record 2.246 million barrels per day (bpd) in June and exceeded the previous record of 2.231 million bpd in January 2012, the National Agency of Petroleum (ANP) reported. Output is up 2.6% from May 2014 and 6.9% June on June.
Tuesday, August 5th 2014 - 06:21 UTC
IDB finances photovoltaic solar energy project for private sector in Uruguay

The Inter-American Development Bank (IDB) has approved a 40.9 million dollars loan from its ordinary capital and 25 million from the Canada Climate Fund, which is administered by the Bank, to finance the private sector in Uruguay in the construction, operation and maintenance of a photovoltaic solar energy plant and its related facilities.
Monday, August 4th 2014 - 06:55 UTC
GeoPark has plans to drill 35 exploratory wells in Chilean Tierra del Fuego by end of 2014

Oil and gas explorer GeoPark expects to end the year having drilled 35 wells in Chilean Magallanes and Tierra del Fuego, which must be added to the 560 million dollars the company has invested in the region since it began operations in 2006, said the company in an economic impact report presented by consultants Gemines.
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.