Energy & Oil

Wednesday, September 4th 2013 - 01:36 UTC
Mexico’s Pemex oil company expected to join YPF in developing shale resources

YPF Chief Executive Officer Miguel Galuccio said Argentina’s nationalized energy company is willing to form a partnership with Mexico’s state-run Petroleos Mexicanos to develop shale oil and natural gas deposits in the Vaca Muerta formation.
Tuesday, September 3rd 2013 - 23:25 UTC
Blackout leaves half of Venezuela in the dark; Maduro claims an “electrical coup”

President Nicolas Maduro blamed Venezuela’s right-wing opposition for what he called “sabotage” and an ‘electrical coup’ that he said caused blackouts that plunged much of the country into chaos.
Monday, September 2nd 2013 - 12:28 UTC
Falklands’ Argos considering drilling finance options and confident about new exploration round

Falkland Islands Argos Resources oil and exploration company have said that they are extremely well placed to participate in the next round of exploration drilling in the Falklands and they are continuing to consider various ways to finance drilling.
Saturday, August 31st 2013 - 15:30 UTC
Falklands’ lawmaker arrives in Uruguay to inform on business opportunities in the Islands

Falkland Islands member of the Legislative Assembly Dick Sawle will be in Montevideo 2-6 September, after spending a week in Brazil involved in business, academia and informal political contacts sponsored by the Foreign Office. In Uruguay according to the official release MLA Sawle will inform about business opportunities with the Falklands and to strengthen the historical ties with Uruguay.
Saturday, August 31st 2013 - 01:39 UTC
Falklands’ Argentina banned oil companies linked to YPF partner Chevron

An Argentine lawmaker claims that the US oil corporation Chevron which is investing heavily in developing shale resources in Neuquen with YPF is a partner of Oil Spill Response Limited that is also involved with the oil companies operating in the South Atlantic in Argentine waters but licensed by the Falkland Islands government.
Saturday, August 31st 2013 - 00:44 UTC
Falklands’ first oil delayed as cost alternatives are considered

Premier Oil exploring for oil in the Falkland Islands said the company is studying cost alternatives to its drilling operations and crude extracting sub-sea architecture for the development of the Sea Lion project, which could delay the original chronogram for first oil.
Friday, August 30th 2013 - 01:39 UTC
Falklands’ changes brought by oil development must be done ‘with sensitivity and sensibility’

Falkland Islands lawmaker Mike Summers cautioned at the latest meeting of the Legislative Assembly that a period of extensive change was inevitable for the Islands since the advent of the hydrocarbons industry would change the size of things and to some extent the nature of the community.
Friday, August 30th 2013 - 01:02 UTC
Falklands’ consultation on new deep port receives many suggestions and strong support

The Falkland Islands government has released the findings of the public consultation document ‘Your Future – Your Say’ which show a very strong support for phased development of the new port, “to serve all its potential users,” according to an Executive Council paper.
Friday, August 30th 2013 - 00:34 UTC
China company takes 33% stake in US Apache Corp. oil and gas business in Egypt

China Petrochemical Corporation, Sinopec, has agreed to buy a 33% stake in the Egyptian oil and gas business of US firm Apache Corporation. Sinopec will pay Apache 3.1bn dollars in cash for the stake. The deal is the latest in a series of similar moves by Chinese oil firms as they look to secure energy supplies to meet growing domestic demand.
Thursday, August 29th 2013 - 23:54 UTC
Falklands’ Noble Energy exploring for oil in disputed Caribbean waters supported by Nicaragua

On 17 July, Nicaragua announced that US-based Noble Energy would invest 30 million dollars in drilling two offshore wells in the Caribbean—launching Nicaragua's first-ever oil exploration.