Energy & Oil

• Friday, March 14th 2014 - 08:52 UTC

  Venezuela reassures fearful Caribbean allies about ALBA and PetroCaribe

  

  Venezuela said the current political unrest in the country poses no danger to the future of the Bolivarian Alliance for the Peoples of the Americas(ALBA) and the oil initiative PetroCaribe.

• Thursday, March 13th 2014 - 05:52 UTC

  Falklands, trade, Mercosur/EU, oil and gas, in Swire's agenda in Uruguay

  

  Bilateral trade, Mercosur/EU talks, oil and gas cooperation, and Falkland Islands, plus some audacious comments on the coming World Cup match Uruguay/England, were some of the issues addressed by Foreign Office minister for Latin-American Hugo Swire during his one day visit to Uruguay on Wednesday.

• Tuesday, March 11th 2014 - 18:48 UTC

  Shale, the last oil and gas train: Interview with Arthur Berman

  

  How much faith can we put in our ability to decipher all the numbers out there telling us the US is closing in on its cornering of the global oil market?

• Wednesday, March 5th 2014 - 04:35 UTC

  New spy technology to spawn oil revolution

  

  The future of oil exploration lies in new technology--from massive data-processing supercomputers to 4D seismic to early-phase airborne spy technology that can pinpoint prospective reservoirs.

• Tuesday, March 4th 2014 - 23:35 UTC

  YPF oil and gas production up in January but still not enough

  

  Argentina's YPF increased oil and gas production by around 9% in January, continuing a trend that began in mid-last year in which the state-controlled firm reversed long-standing production declines. And while the rest of the sector continued to lag behind, oil production at least did experience a monthly increase, suggesting that YPF’s increases in output are starting to have a positive effect on the sector as a whole.

• Saturday, March 1st 2014 - 02:29 UTC

  Core-hole confirms conventional oil reservoir potential in north Uruguay

  

  Australia's Petrel Energy has confirmed the conventional oil reservoir potential of the San Gregorio and Cerrezuelo sandstones in Uruguay following detailed analysis of the Cardozo Chico core-hole samples. Petrel said that laboratory testing undertaken by Weatherford in Houston returned excellent permeability and porosity measurements.

• Wednesday, February 26th 2014 - 07:03 UTC

  Britain's oil and gas industry faces 'biggest challenge in 50 years' because of low level of exploration

  

  Britain's oil and gas industry has warned it faces its “biggest challenge in 50 years” due to the low levels of exploration. Industry body Oil and Gas UK said only 15 wells were drilled last year. That was despite strong levels of investment, reaching a record last year and sustained this year.

• Tuesday, February 25th 2014 - 20:43 UTC

  Repsol board approves the YPF compensation deal worked out with Argentina

  

  Spanish oil major Repsol's board approved on Tuesday in Madrid a definitive 5 billion dollars settlement from Argentina over assets seized in 2012, drawing a line under a two-year battle for compensation.

• Tuesday, February 25th 2014 - 04:41 UTC

  Falklands oil company completes 3D survey; prepares drilling program for next year

  

  Falkland Oil and Gas Ltd, FOGL, announced on Monday the completion of its 3D seismic survey offshore the Falkland Islands. This is the third and final 3D survey prior to the next drilling program, which is expected to commence in early 2015, said the company in a release.

• Tuesday, February 25th 2014 - 04:29 UTC

  ENAP Magallanes begins production at new well; company's profits soar in 2013

  

  Chile's state-owned oil and gas company ENAP successfully put into production the well “Paraguaya 2” at Intracampos Block (100% ENAP) in Tierra del Fuego, with an initial flow rate of 160 cubic meters per day of oil, equivalent to 1,006 barrels.