Energy & Oil

Wednesday, October 2nd 2013 - 16:11 UTC
Petrobras readies 60th anniversary announcing a million barrels production increase by next year

Brazil’s state oil company Petrobras, which will mark its 60th anniversary on Thursday, has announced it will increase production by 50% in an effort to overcome the current situation. Nine production units now being installed will pump an additional one million barrels a day beginning next year said Petrobras CEO María das Graças Foster.
Monday, September 30th 2013 - 21:40 UTC
The Shale Boom, Just Getting Started: Interview with Tyler Cowen

Thanks to the shale boom, markets already perceive the trade balance optimizing, energy prices are cheaper than they would otherwise be and we've even cut carbon emissions. And we are only getting started, according Tyler Cowen, New York Times best-selling author and one of the most influential economists of the decade.
Saturday, September 28th 2013 - 05:08 UTC
Petrobras makes ‘beautiful’ discovery and generates a new promising oil province

Brazil's Petrobras and its Indian partners have made a “beautiful” oil discovery off Brazil's northeast coast, Sergipe-Alagoas basin, and it will produce a minimum 100,000 barrels of petroleum a day starting in 2018, the company's CEO said on Friday.
Thursday, September 26th 2013 - 21:04 UTC
A sugar rush that could fuel the economy

By R. Viswanathan (*) - India should take its cue from Brazil and invest in ethanol as a viable commercial substitute for costly petrol.
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.