Energy & Oil

• 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.

• 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.