Energy & Oil

Tuesday, February 11th 2014 - 07:53 UTC
Paraguay concerned with Argentine plans to move nuclear facilities to border area

Paraguay has instructed its ambassador in Buenos Aires to collect information on Argentina's plans to set up an uranium processing plant in the northern province of Formosa, neighboring with the land-locked country.
Friday, February 7th 2014 - 06:52 UTC
Falklands oil industry: Premier ratifies its commitment to develop Sea Lion

Britain's Premier Oil said it was seeking a partner for an oil development in the Falkland Islands in order to reduce its exposure to the 5.2 billion dollar project and make higher payouts to shareholders.
Thursday, February 6th 2014 - 05:22 UTC
BP warns of 'big uncertainties' over possibility of Scotland becoming independent

Oil giant BP boss Bob Dudley has warned there are “big uncertainties” for the company over the possibility of Scotland becoming independent. Mr Dudley told the BBC the “question mark” over which currency Scotland might adopt if there was a 'yes' vote in September's referendum was “a concern”.
Wednesday, February 5th 2014 - 22:59 UTC
US, the world's largest producer of oil approves licenses to export crude to Europe

The United States government has approved at least four licenses to export crude oil to Europe, for the first time in years, showing how companies are breaking through the limits of the export ban established in the 1970s, according to Reuters which learned about the fact from a Freedom of Information Act request.
Wednesday, February 5th 2014 - 08:21 UTC
Falklands' oil industry developer Premier CEO steps down

Shares in UK's Premier Oil, which has interests in developing Falkland Islands oil, soared almost 9% on Tuesday despite news that its chief executive is to step down after nine years at the helm. Simon Lockett will leave his position and the board of Premier once a successor has been appointed.
Tuesday, February 4th 2014 - 08:47 UTC
YPF buys a Petrobras Neuquén/Mendoza block with production of 10.000bpd

Argentina oil company YPF has bought out Brazil player Petrobras to take over full ownership of an exploration block in Neuquen and Mendoza provinces. YPF agreed to pay 40.7 million dollars for Petrobras' operatorship and 38.45% stake in the Puesto Hernandez block, cutting short a joint venture due to expire in 2016, according to the Argentina explorer.
Friday, January 31st 2014 - 06:29 UTC
Bad times for Shell: suspends drilling offshore Alaska and profits plunge

Royal Dutch Shell will suspend drilling in offshore Alaska following an adverse US court decision and as the oil major streamlines operations because of a slump in annual profits, the company said on Thursday.
Thursday, January 30th 2014 - 06:46 UTC
Argentina's YPF wooing Malaysia Petronas to develop shale deposits

Argentina oil company YPF is courting Malaysia's Petronas as a possible partner to develop the promising Vaca Muerta shale, according to reports. YPF chief executive Miguel Galuccio was in Kuala Lumpur for a meeting on Wednesday with Petronas leader Tan Sri Dato Shamsul Azhar Abbas, the La Nacion newspaper reported.
Tuesday, January 28th 2014 - 05:17 UTC
Market disruptor: nuclear restarts spells trouble for LNG

By Nick Cunningham of Oilprice.com - There are two major factors that have emerged in the last five years that have sparked a surge in LNG investments. First is the shale gas “revolution” in the United States, which allowed the U.S. to vault to the top spot in the world for natural gas production.
Sunday, January 26th 2014 - 02:27 UTC
Four Wells planned by Rockhopper for 2014

ROCKHOPPER Exploration has identified four wells it plans to drill in the upcoming 2014-2015 drilling campaign in the Falkland Islands.