Energy & Oil

Wednesday, July 17th 2013 - 07:24 UTC
Argentina’s nationalized YPF and Chevron sign agreement to develop shale deposits

Chevron, the world’s second-biggest oil company signed the first agreement with Argentina’s government since it nationalized YPF in 2012 to help develop shale oil and natural gas in the Vaca Muerta basin of the Patagonian province of Neuquen.
Tuesday, July 16th 2013 - 20:29 UTC
Chernobyl at sea? Russia building Floating Nuclear Power Plants

By John C.K. Daly of Oilprice.com - So much for the lessons of Fukushima; never mind oil spills the Russian Federation is preparing an energy initiative that, if it has problems will inject nuclear material into the maritime environment.
Tuesday, July 16th 2013 - 20:10 UTC
Total plans to spud first exploratory well in Uruguay’s continental shelf in 2015

The French oil and gas company Total confirmed that at the beginning of 2015 it will spud its first exploratory well in deep waters of the Uruguayan continental shelf, according to Juan Gomez, one of directors from the country’s fuel company Ancap.
Monday, July 15th 2013 - 16:49 UTC
Markets exist: Argentina offers attractive incentives to promote oil and gas production

Argentina will offer energy companies incentives if they invest 1 billion dollars or more over a five-year period as the country struggles to lift output and pare fuel imports a year after seizing a majority stake at YPF from Spain’s Repsol.
Sunday, July 14th 2013 - 23:48 UTC
Brazil’s Libra deepwater oilfield expected to yield a million bpd

The Libra deepwater oil field that Brazil plans to auction off Oct 21 will yield minimum output of 1 million barrels of crude per day, the National Petroleum Agency, ANP, said on Friday. That production would be equivalent to half of Brazil's current output of 2 million bpd.
Wednesday, July 10th 2013 - 05:42 UTC
Chile inflation spikes in June but ends in the first half year at 1.9%

Chile's consumer inflation was up 0.6% in June, the biggest increase in eight months and slightly above expectations as costs jumped for accommodation, electricity, fuel products and water, the government said on its latest stats report.
Friday, July 5th 2013 - 06:58 UTC
Falklands’ on-shore storage for construction of oil flow lines to develop Sea Lion project

Bundled or reeled production flow lines could be constructed on-shore the Falkland Islands for Premier Oil, the UK independent company that is developing the Falklands Sea Lion project and expected to demand an investment of 5 billion dollars with first oil expected sometime in 2017.
Friday, July 5th 2013 - 06:52 UTC
Falklands assesses impact of hundreds of new jobs as it develops the oil and gas industry

A more permanent integrated type of immigration for the Falkland Islands is a strong message that has come out of a consultation with Falklands residents, in the preparation for a socio-economic study of oil and gas development in the South Atlantic British Overseas Territory.
Wednesday, July 3rd 2013 - 11:54 UTC
Interview with Dick Sawle, Falklands MLA

The holding of a self-determination referendum in the Falklands Islands in March this year attracted media attention all over the world. Once more, British democratic culture and the concept of self-determination clashed with government by decree and the use of force to impose a certain political system. Some weeks later, with the Islands out of the limelight but while tensions remain, Help Catalonia talked to Hon. Dick Sawle, one of the members of the local Legislative Assembly.
Wednesday, July 3rd 2013 - 11:45 UTC
Rockhopper: High Court confirms the cancellation of the Company's Share Premium Account

Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas company, announces that at a hearing today, the Companies Court of the Chancery Division of the High Court of Justice confirmed the cancellation of the Company's share premium account (“Cancellation of Share Premium Account”). The Cancellation of the Share Premium Account is expected to become effective tomorrow, 4 July 2013.