Energy & Oil

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

$Oil extraction is soaring at shale formations in Texas and North Dakota as companies apply fracking$

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.
Monday, July 14th 2014 - 05:24 UTC
Russia offers to build (and finance) two new nuclear power plants in Argentina

Russian President Vladimir Putin signed on Saturday a nuclear energy cooperation deal with Argentina on the third stop (Cuba, Nicaragua) of a tour to bolster trade ties and strengthen Russia’s influence in Latin America.
Friday, July 11th 2014 - 22:28 UTC
Falklands: Premier looking for a partner to develop the 5bn Sea Lion project

Premier Oil Plc newly appointed Chief Executive Officer Tony Durrant said that one of his priorities is to find a partner to share the 5bn dollar investment to develop the Sea Lion project off the Falkland Islands, because it does not want to become a 'pure Falkland Islands company in five years time'.
Tuesday, July 8th 2014 - 07:49 UTC
Falklands' Stanley airport prepares for oil and gas exploratory drilling

With increased exploratory drilling activity anticipated in the Falkland Islands next year, and Stanley airport expected to play a leading role, the Falklands government is investing in additional fire-fighting equipment to meet the needs of the helicopters servicing the rigs.