Energy & Oil

• Wednesday, September 25th 2013 - 05:57 UTC

  Dow Chemical signs accord to jointly develop with YPF Patagonia shale gas

  

  Argentina’s oil and gas YPF and Dow Chemical Co. Argentine unit signed a final accord to invest 188 million dollars to jointly develop shale gas at the country’s Vaca Muerta formation, in the Patagonian province of Neuquen.

• Wednesday, September 25th 2013 - 05:14 UTC

  Germany’s main oil company signs to operate in development of Patagonia’s Vaca Muerta shale deposits

  

  Germany’s Wintershall sealed a 150 million dollar unconventional exploration contract with the Argentine province of Neuquén’s owned Gas y Petroleo de Neuquén to search for oil in the Vaca Muerta formation. The agreement could later be extended to 3.35bn.

• Wednesday, September 25th 2013 - 04:44 UTC

  Falkland Islands next round of oil exploration drilling announced for late 2014

  

  One of the several hydrocarbons companies operating in Falkland Islands waters expects its next drilling phase to begin in the fourth quarter of 2014 with a minimum of two exploration wells following extensive 3D surveying of southern licences in the Diomedea fan complex adjacent to the Darwin discovery.

• Monday, September 23rd 2013 - 18:56 UTC

  Brazil insists that Libra oil field auction was a major success

  

  Brazil’s government is planning to give a boost to state-run oil company Petróleo Brasileiro by financing its participation in the October 21 auction of Libra, the country’s largest-ever oil discovery, the O Estado de Sao Paulo newspaper reported over the weekend.

• Monday, September 23rd 2013 - 18:48 UTC

  Egypt for Sale

  

  Three years has seen the overturn of two government, the deaths of thousands of people and the destruction of much of the Egyptian economy. In the end, the mobs have changed nothing, except to make their own lives more miserable.

• Friday, September 20th 2013 - 08:10 UTC

  Falklands and oil company discuss temporary port for exploration needs

  

  Noble Energy Falkland Islands Ltd continue to negotiate with the Falkland Islands Government on the construction of a temporary port to the east of FIPASS prior to progressing the application for planning permission, the company’s representative in the Falkland Islands told Penguin News this week.

• Wednesday, September 18th 2013 - 20:00 UTC

  Argentina’s Vaca Muerta formation among the world’s 23 highest tight oil reserve areas

  

  The Vaca Muerta formation in the Argentine provinces of Neuquén and Mendoza has been ranked among the 23 highest tight oil reserve areas in the world, according to to a report released yesterday by global information company IHS.

• Wednesday, September 18th 2013 - 06:51 UTC

  Scientists find a way to harness energy from sewage and waste water

  

  US scientists may have found a new way to produce clean energy by way of sewage and water waste, according to a new study. Engineers from Stanford University have developed a more efficient method to use microbes to harness electricity from wastewater.

• Wednesday, September 18th 2013 - 06:43 UTC

  China will help Venezuela develop a huge oil field investing 14bn dollars

  

  China’s hydrocarbons company Sinopec and Venezuela’s PDVSA (Petroleos de Venezuela SA) agreed investments to develop the Junin 1 oil field in the Orinoco oil strip, which will demand 14 billion dollars for a daily extraction of 200.000 barrels, said PDVSA president Rafael Ramírez currently in Beijing.

• Tuesday, September 17th 2013 - 20:49 UTC

  Brazil completes construction of largest oil offshore platform and can pump 180.000 bpd

  

  A shipyard has completed the construction of the P-55, Brazil's largest offshore oil platform, which will have the capacity to produce 180,000 barrels per day (bpd) of crude, it was announced by officials.