Energy & Oil

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.
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.