Energy & Oil

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.
Tuesday, July 1st 2014 - 23:16 UTC
Could gang violence end Mexico's shale dream?

Violence in Mexico could thwart hopes of a budding shale boom, as oil and gas companies operating in Texas may think twice about moving south of the border.
Mexico holds an estimated 545 trillion cubic feet of technically recoverable shale gas and 13 billion barrels of shale oil, but progress in developing those resources has been slow.
Thursday, June 26th 2014 - 05:00 UTC
Argentina to restart production of enriched uranium in Patagonia plant

Argentina's government said Wednesday that in five weeks it will restart operations at an enriched uranium plant as part of a peaceful pursuit of nuclear energy.
Friday, June 20th 2014 - 06:50 UTC
Uruguay advances details of third oil and gas bid round Punta del Este basin

Uruguay has released a draft map of four ultra-deepwater and seven shallow-water blocks in the Punta del Este-Atlantic basin that will be on offer in the country’s third oil and gas bid round next year, officials said in Moscow this week, according to the oil and gas site Upstream.
Wednesday, June 18th 2014 - 08:15 UTC
Falklands gas condensate discovery shows potential for wider distribution

Borders & Southern Petroleum PLC said on Tuesday that new data on the Darwin gas condensate discovery in the Falkland Islands show the potential for wider hydrocarbon distribution.
Tuesday, June 17th 2014 - 06:49 UTC
British company spuds exploratory well in Paraguay's Chaco

London AIM listed President Energy PLC, has spudded what it calls the first deep exploration well in the Paraguayan part of the Chaco basin in almost 30 years.