Energy & Oil

• Saturday, June 1st 2013 - 19:03 UTC

  Biden meets Rousseff, underlines the importance of a broader relationship with Brazil

  

  US Vice-President Joe Biden wound up a visit to Brazil on Friday saying it was high time the two largest economies in the Americas became closer partners in trade, investment and energy. He made the statement following a ‘wide-ranging discussion’ with President Dilma Rousseff at the Planalto palace in Brasilia.

• Saturday, June 1st 2013 - 17:34 UTC

  Argentina dollar markets waiting for implementation of the ‘whitewashing bill’

  

  The US dollar in Argentina’s parallel or ‘blue market’ finished on Friday the month of May down 6.4% from the 9.40 Pesos at the end of April, including a slight drop in the last day of trading, that took it to 8.75 Pesos and 8.80 Pesos, buying and selling price.

• Saturday, June 1st 2013 - 17:27 UTC

  Argentina insists with self-sufficiency in oil production in four years

  

  Argentine President Cristina Fernández administration agreed with oil-producing provinces and unions from the sector to strictly control the levels of exploration, production, the amount of equipment in use and the total number of jobs in each of the oil fields across the country, with the goal of reaching hydrocarbon self-sufficiency within four years.

• Friday, May 31st 2013 - 17:23 UTC

  Falklands’ government praised for five year plan to develop oil and gas industry

  

  The Specialist Oil & Gas Advisor for the Falkland Islands Government (FIG), Anne Drinkwater has stated that the Falkland Islands are an attractive location for the oil and gas industry and has praised FIG five year plan which sets the desired economic and social context for development generally.

• Tuesday, May 28th 2013 - 21:39 UTC

  Japanese oil company to explore Uruguayan offshore platform

  

  The Uruguayan offshore platform continues to advance its global positioning and increase its economic value as the Irish firm Tullow Oil, which is currently conducting exploration work in Block 15 of the Uruguayan offshore platform, sold 30% of its stake in its exploration contract to leading Japanese oil company Inpex.

• Tuesday, May 28th 2013 - 06:10 UTC

  YPF loses arbitration that could cost 1.6bn dollars; stocks plunge 3.6%

  

  YPF the oil company seized by Argentina’s government last year has lost an arbitration case with a Brazilian company that may cost as much as 1.6 billion dollars in indemnity payments. There was an immediate reaction and YPF shares lost the most among Argentina’s major stocks, 3.6%.

• Friday, May 24th 2013 - 06:38 UTC

  Petrobras will continue to operate in Argentina but may sell some assets

  

  Brazilian state-controlled energy giant Petrobras plans to continue operating in Argentina although it may sell some assets there, CEO Maria da Graças Foster said.

• Thursday, May 23rd 2013 - 19:45 UTC

  Energy - Balancing the Bonanza: Interview with Mark Thoma

  

  Interview by James Stafford of Oilprice.com - If you want an objective view of energy, ask an economist, who can tell you what to expect to pay at the pump in the coming years, and why, as well as what to expect from medium- and long-term economic growth and what the real drivers will be. These are questions that are crucial to a pending decision by the US government over natural gas exports, and while we know where big oil stands versus its manufacturing rivals—it's the economist who can set things straight.

• Tuesday, May 21st 2013 - 06:45 UTC

  Falkland Islands: it’s a three-side debate; Argentina must recognize Islanders right to decide their future

  

  UK conditioned a possible re-launching of agreements on hydrocarbons and fisheries in the South Atlantic to Argentina accepting ‘there will be no sovereignty negotiations’ regarding the Malvinas Islands and called for the Argentine government to respect the wishes of the Falkland Islanders.

• Saturday, May 18th 2013 - 06:53 UTC

  Venezuelan oil monopoly in joint ventures with Chevron and China Petroleum

  

  PDVSA, Venezuela’s government oil and gas giant will allow joint ventures with China National Petroleum Corp. and Chevron Corp. to manage 6 billion dollars in loans designed to revert oil output declines, said a PDVSA official.