Energy & Oil

Wednesday, February 19th 2014 - 22:16 UTC
YPF signs agreement with Petronas for shale development in Vaca Muerta

Argentina's state oil company YPF announced this week that it had signed a memorandum of understanding (MOU) with a subsidiary of Malaysia's national oil company Petronas for unconventional oil and gas resources development in Argentine Patagonia.
Monday, February 17th 2014 - 09:42 UTC
Uruguay and Venezuela will further increase energy related cooperation

Uruguay will renew the contract for the purchase of Venezuela oil and accept the stake increase of that country in a local bio-fuels corporation during the scheduled visit of President Nicolas Maduro to Montevideo next month; it was announced by the Uruguayan Foreign affairs ministry.
Saturday, February 15th 2014 - 05:50 UTC
Spain's Repsol signs 1.2bn dollars financing deal with Venezuela's PDVSA

Repsol signed a financing deal Friday with Venezuelan state oil company PDVSA that calls for the Spanish energy major to invest 1.2 billion dollars to boost the output of the companies' Petroquiriquire joint venture.
Friday, February 14th 2014 - 21:22 UTC
Total to drill first exploratory well in Uruguay's shelf in October 2015

French oil giant Total will be drilling its first well in Uruguay's continental shelf in October 2015, announced the president of the country's oil and gas government owned company ANCAP. Jose Coya also revealed that the company he leads is working on the third Uruguay Round which will implement in the last quarter of next year.
Thursday, February 13th 2014 - 19:30 UTC
The Golden Age of Gas, Possibly: Interview with the IEA

The potential for a golden age of gas comes along with a big “if” regarding environmental and social impact. The International Energy Agency (IEA)—the “global energy authority”--believes that this age of gas can be golden, and that unconventional gas can be produced in an environmentally acceptable way.
Thursday, February 13th 2014 - 03:11 UTC
YPF buys Houston based Apache's operations and assets in Argentina

Argentina's YPF agreed on Wednesday to pay 852 million dollars for all of Apache operations and assets in the country, making the government managed company the largest operator of natural gas.
Tuesday, February 11th 2014 - 08:38 UTC
Paraguay and Venezuela to discuss Mercosur summit delays and oil

Mercosur summit delays and oil are two of the main issues the Paraguayan foreign minister Eladio Loizaga will address with his Venezuelan peer Elias Jaua, when he travels on Thursday to Caracas. Formally the event is a diplomatic reciprocity for Jaua's visit to Paraguay last 9 October, when the two countries re-established full relations.
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”.