Energy & Oil

• Tuesday, September 17th 2013 - 07:06 UTC

  Falklands’ Desire Petroleum announces interim results and farmout process

  

  Falkland Islands Desire Petroleum announced on Monday its interim results for the six months ended 30 June 2013, having posted losses of 1.6 million dollars for the six months to the end of June, down from 1.9 million previously.

• Monday, September 16th 2013 - 01:26 UTC

  Colombia/Nicaragua maritime dispute reignites, despite International Court ruling

  

  President Juan Manuel Santos presented before Colombia’s constitutional court a demand against the Pact of Bogotá arguing that a recent ruling from the International Court of Justice on a maritime dispute with Nicaragua does not comply with the Colombian constitution.

• Monday, September 16th 2013 - 01:25 UTC

  Argentine official inflation 0.8% and 6.6% in eight months despite price agreements

  

  Argentina's Consumer Price Index (IPC) was of 0.8% in August, according to the INDEC statistics bureau, totalling 6.6% this year. Price hikes were mainly seen in food and beverage, household equipment and maintenance sectors. Meanwhile, entertainment costs went down in August.

• Monday, September 16th 2013 - 01:21 UTC

  Uruguay’s economy expands 5.6% in second quarter helped by hydroelectric production

  

  Uruguay's economy expanded 5.6% in the second quarter compared with the same period a year earlier and 2.1% compared with the first three months of this year, the central bank said in its quarterly report.

• Monday, September 16th 2013 - 01:19 UTC

  Cartes on a two-day visit to Pacific Alliance member Chile to promote trade and investments

  

  Paraguayan president Horacio Cartes begins on Monday a two-day visit to Chile where he is scheduled to meet his peer Sebastián Piñera and hold a round of talks with business people inviting them to invest in Paraguay. At the end of the month Cartes will be flying to Brasilia to meet President Dilma Rousseff.

• Sunday, September 15th 2013 - 18:10 UTC

  China in ‘crucial’ restructuring stage, ‘much needed to sustain economic growth’

  

  China's economy is going through a “crucial” stage of restructuring, says the country's Premier, Li Keqiang. Speaking at the World Economic Forum in the Chinese port city of Dalian, Mr Li pledged to improve relations with foreign firms.

• Saturday, September 14th 2013 - 01:27 UTC

  Energy deficit is Argentina has become dramatic, admits YPF CEO Galuccio

  

  Argentina’s oil and gas corporation YPF CEO Miguel Galuccio admitted that the ‘energy deficit’ of Argentina has become a serious challenge since the country has started to face a serious shortage of light oil for refining.

• Monday, September 9th 2013 - 02:19 UTC

  Falklands’ Premier Oil joins Argentina’s ‘black list’ of companies ‘illegally’ operating in Malvinas waters

  

  United Kingdom’s Premier Oil PLC has been incorporated to the black list of companies banned by Argentina from operating in the country because of its hydrocarbons ‘illegal and clandestine’ activities in the continental shelf next to the Malvinas Islands without the competent authorization.

• Sunday, September 8th 2013 - 00:08 UTC

  Pemex confirms interest in YPF shale deposits, but nothing formal yet

  

  Pemex, Mexico’s state oil and gas monopoly and the world’s fifth-largest crude producer, would consider an offer to partner with YPF in developing shale projects in Argentina, said a director of the corporation.

• Friday, September 6th 2013 - 01:52 UTC

  Repsol expands gas production in Bolivia to supply growing Argentine demand

  

  Spain’s Repsol inaugurated on Thursday, a month before schedule, a new module of its gas processing plant in Margarita in the south of Bolivia which will allow the company in three weeks, to significantly increase its production and delivery to Argentina, its main client.