Energy & Oil

• Wednesday, May 15th 2013 - 07:24 UTC

  Uruguay awards French company contract for 1.2bn dollars re-gasification plant

  

  Uruguay awarded French gas and power group GDF Suez SA a contract to build a liquefied natural gas (LNG) re-gasification plant at an estimated cost of 1.125 billion dollars, the government said on Tuesday.

• Wednesday, May 15th 2013 - 06:50 UTC

  BP and Total win exploration rights in virgin waters of Brazil’s Amazon basin

  

  BP and Total, Europe’s biggest oil companies after Shell, won exploration rights in the Amazon basin as Brazil’s first oil auction in five years attracts a record level of bids. Total, based in Paris, gained exploration access to operate five blocks at the Foz do Amazonas basin in northern Brazil together with partners BP and Petrobras, the oil regulator said on Tuesday.

• Tuesday, May 14th 2013 - 23:13 UTC

  Venezuela net importer of gasoline in 2012 because of Amuay refinery fire

  

  Venezuela in 2012 became a net importer of gasoline as a result of escalating problems at its refineries and increasing demand for fuel in its internal market, joining a growing list of countries that struggle with fuel supplies despite ample oil reserves.

• Tuesday, May 14th 2013 - 06:36 UTC

  Petrobras completes record bond offering and collects 11 billion dollars

  

  Brazil’s state-controlled oil firm Petrobras sold 11 billion dollars of global debt on Monday in the largest-ever bond offering by a Latin American company. The deal was split in six tranches comprised of fixed- and floating-rate debt with maturities ranging from three to 30 years, according to a report from Thomson Reuters.

• Friday, May 10th 2013 - 06:44 UTC

  Brazil reports great interest in the coming 11th bidding hydrocarbons round

  

  The director of Brazil's Agencia Nacional do Petroleo (ANP) reports significant interest from operators in Brazil's upcoming 11th bidding round as the country pursues its plans to double its oil and natural gas production. The bidding round is the first since December 2008 and the first under the nation's new hydrocarbon law.

• Friday, May 10th 2013 - 06:17 UTC

  Brazil and Argentina agree to jointly build two nuclear research reactors

  

  Atomic power agencies from Brazil and Argentina signed an agreement to build two nuclear reactors for research and production of radioisotopes, according to the Ministry of Science and Technology (MCT).

• Friday, May 10th 2013 - 06:10 UTC

  Repsol first quarter profits jumped 38% on the year mainly on higher production

  

  Spains’s Repsol SA said on Thursday its first-quarter profit jumped 38% on the year, mainly due to higher production and refining margins.

• Wednesday, May 8th 2013 - 09:56 UTC

  Maduro promises Uruguay permanent supply of oil and full Mercosur commitment

  

  President Nicolas Maduro promised his Uruguayan counterpart Jose Mujica a “permanent” supply of petroleum from oil-rich Venezuela during the first leg of his visit to Mercosur member countries. Maduro also announced the signing of a strategic alliance in the energy sector with Uruguay.

• Wednesday, May 8th 2013 - 08:57 UTC

  Petrobras finds ‘good quality’ oil in the sub-salt area of the Santos Basin

  

  Brazil's state-run oil company Petrobras found “good quality” oil in a sub-salt area of the offshore Santos Basin, one of the world's most promising oil frontiers, according to a securities filing by Petrobras on Tuesday.

• Friday, May 3rd 2013 - 03:29 UTC

  Falkland Islands as oil-producing country: boon or blight?

  

  For some, the prospect of the Falkland Islands becoming an oil-producing country creates exciting visions of opportunity, while for others it seems like a nightmare. What is certain is that oil, like sheep and fishing before it, will inevitably bring changes to both our wealth and our way of life.