Energy & Oil

• Monday, January 7th 2013 - 14:09 UTC

  Iceland with Norway support awards off shore oil and gas licences

  

  Iceland has awarded two licences for oil and gas exploration and production in the waters off the north east coast of the Atlantic island.

• Friday, January 4th 2013 - 05:29 UTC

  Former Director of three Departments awarded MBE ‘for services to Falklands’ interests’

  

  The only Falkland Islander to figure in this year’s New Year’s Honours List was recently retired Director of Mineral Resources, Phyllis Mary Rendell, who was awarded an MBE for, “services to Falkland Islands interests.”

• Saturday, December 29th 2012 - 06:30 UTC

  YPF signs shale gas exploration deals with Pan American Energy and Bridas

  

  Argentina’s nationalized oil and gas company YPF announced on Friday that Pan American Energy, PAE, would be investing 3.4bn dollars in gas production in the next five years while Bridas, belonging to the Bulgheroni brothers said it plans to invest 1.5bn dollars in the development of the non conventional shale deposits in Vaca Muerta.

• Saturday, December 29th 2012 - 06:26 UTC

  Spain lifts ban on Argentine bio-diesel; annual exports total 1.1bn dollars

  

  Spain has taken a step back with import restrictions on Argentina’s bio-diesel applied in a reprisal move after Argentine president Cristina Fernandez decided to seize control of energy company YPF, subsidiary of Spanish Repsol, earlier this year.

• Wednesday, December 26th 2012 - 07:17 UTC

  Fuel-price controls force Brazil to import 12bn dollars in oil and refined products

  

  Brazil faces record trade deficits in petroleum products in 2012 and 2013 as a result of government fuel-price controls, problems with its refining system and rising consumer demand, the Folha de S. Paulo newspaper reported last weekend.

• Wednesday, December 26th 2012 - 06:53 UTC

  Falklands’ share Norway’s oil wealth fund and port infrastructure experience

  

  Though plagued with flu and taking place largely in darkness, the recent visit to Norway by Members of the Legislative Assembly and senior government officials appears to have produced encouraging results and shone some light on possible developments in the Falkland Islands, according to MLA Dick Sawle.

• Wednesday, December 26th 2012 - 06:03 UTC

  YPF and PDVSA will explore Malvinas continental shelf for oil, says Pagina 12

  

  According to reports in the Argentine media, the nationalized Argentine oil company YPF, formerly owned by Spain's Repsol, will be teaming up with Venezuelan oil giant PDVSA to explore the continental shelf around the Falkland/Malvinas Islands for oil.

• Saturday, December 22nd 2012 - 08:03 UTC

  World Bank’s arbitration unit receives Repsol’s complaint over YPF nationalization

  

  The World Bank's arbitration unit has agreed to hear a complaint by Spanish oil firm Repsol over Argentina's nationalization of the company's former energy affiliate YPF.

• Thursday, December 20th 2012 - 20:38 UTC

  Uruguay diversifies energy mix with 530 MW combined-cycle-gas-power plant

  

  The Inter-American Development Bank (IDB) has approved a loan for 200 million dollars to Uruguay to help finance the construction of a 530 MW combined-cycle gas power plant to help diversify the country's energy mix in an environmentally sustainable manner.

• Wednesday, December 19th 2012 - 20:45 UTC

  Chevron/YPF sign pilot accord to drill 100 wells in Vaca Muerta shale deposits

  

  US Chevron and Argentina’s nationalized YPF signed a partnership to on Wednesday to invest 1 billion dollars to develop the shale-oil reserves of Vaca Muerta in the hydrocarbons rich Patagonian province of Neuquén.