Energy & Oil

Thursday, November 6th 2014 - 07:52 UTC
YPF manages significant increases in output and profits in the third quarter

Argentina's state-controlled oil firm YPF hydrocarbons' production in the third quarter increased by 15.4% from a year earlier to 573,000 b/d of oil equivalent (boe/d). The rise in production translates into a 13.9% increase from a year earlier for the first nine months of the year to 553,000 boe/d.
Wednesday, November 5th 2014 - 06:43 UTC
The end of an era: Is the US petrodollar under threat?

Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East.
Tuesday, November 4th 2014 - 05:05 UTC
Falklands have a per capita GDP “ten times higher than Argentina”

Argentina's financial daily, El Cronista Comercial has published two articles on the Falkland Islands based on data from the 2014 Statistical Yearbook stating that the Islands enjoy a GDP per capita several times higher than Argentina and that the economy has been expanding at 11% annually since 2008.
Friday, October 31st 2014 - 07:51 UTC
Argentina approves new hydrocarbons bill to attract foreign investments

Argentina's lower house of Congress, which is controlled by President Cristina Fernandez's allies, gave final approval Thursday for a new Hydrocarbons Law that was harshly criticized by opposition lawmakers. The lower house passed the bill with a vote of 130-116 with one abstention after more than 14 hours of debate.
Friday, October 31st 2014 - 06:28 UTC
Petrobras consortium find high-quality oil at the Libra area, off Rio do Janeiro

The Petrobras-led Libra consortium has said that the first extension well in the Libra area, known as 3-BRSA-1255-RJS (3-RJS-731), has proven the discovery of high-quality oil in the northwest portion of the structure.
Wednesday, October 29th 2014 - 05:58 UTC
Chile's oil and gas corporation ENAP raised 600m dollars in 10-year bonds

Chile's oil and gas government company, Empresa Nacional de Petroleo (ENAP) returned to the US dollar market for the first time in almost three years, becoming the latest Chilean issuer to take advantage of a strong bid for high-quality Latin American corporates.
Saturday, October 25th 2014 - 12:50 UTC
BP and GDF Suez announce discovery of new field in UK Central North Sea

Oil firms BP and GDF Suez have announced the discovery of a new field in the UK Central North Sea. The find, which spans adjacent blocks operated separately by the two companies, has been flow-tested at a maximum rate of 5,350 barrels per day.
Friday, October 24th 2014 - 07:01 UTC
UK wind farms generated more power than the nuclear stations

The UK's wind farms generated more power than its nuclear power stations on Tuesday, the National Grid says. The energy network operator said it was caused by a combination of high winds and faults in nuclear plants.
Friday, October 24th 2014 - 04:11 UTC
Noble Energy contracts subsea vessel for operations in the Mediterranean

Nordic Maritime, a leading offshore service operator, announced this week a five year time charter for its DP2 IMR Subsea vessel, Mokul Nordic, which has been awarded by Noble Energy, the Houston based international energy provider, which also has operations in the Falkland Islands.
Thursday, October 23rd 2014 - 21:26 UTC
Slumping oil prices are putting pressure on U.S. shale operations

The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of Oct. 17, compared to the prior week. There are now 1,590 active oil rigs, the lowest level in six weeks.