Energy & Oil

• Saturday, July 27th 2013 - 05:00 UTC

  Falklands set rules for oil and gas development, to the benefit of Islanders current and future generations

  

  Falkland Islands has set out the eight basic guidelines of its hydrocarbons development policy which are centred on robust regulation, supply chain support and long-term benefits for Islanders because the statement underlines its resources belong to the people of the Islands.

• Thursday, July 25th 2013 - 05:55 UTC

  Conference in Brazil to discuss oil and gas industry latest practices in HSE

  

  Oil spills have always tormented the oil and gas industry with devastating incidents being reported world wide. A recent oil spill of about 11,480 barrels in Ecuador has given rise to concerns to the neighbouring countries of Latin America.

• Tuesday, July 23rd 2013 - 14:54 UTC

  Mineral rich Australia may contain world's next major oil find

  

  By John C.K. Daly of Oilprice.com - Australia's massive mineral exports allowed it to weather the global recession, which began in 2008, quite nicely.

• Wednesday, July 17th 2013 - 20:04 UTC

  Successful fracking for tight gas in Tierra del Fuego, announces Chile’s ENAP

  

  Chile’s government oil and gas company, ENAP, confirmed a successful experiment with hydraulic fracturing to extract non conventional tight gas at the Arenal Block in Tierra del Fuego, where the company operates with no partners.

• 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.