Energy & Oil

• 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.

• Friday, June 28th 2013 - 12:26 UTC

  Petrocaribe: Central America and the Caribbean’s Energy Dilemma

  

  In the eve of the Managua summit which will focus on creating a new Economic Zone, Petrocaribe, the late Venezuelan president Hugo Chavez’s oil treaty, continues to play a vital role in the economic development of its 18 member states from the Central America and Caribbean region. But given the current political and economic climate in Venezuela, the question remains if Petrocaribe’s cheap oil is sustainable?

• Thursday, June 27th 2013 - 05:25 UTC

  Energy companies pull a Blackwater (*)

  

  By Daniel J. Graeber - Norwegian energy company Statoil said last week it was forming a special operations division to handle emergency operations in response to a terrorist attack on a natural gas facility in Algeria. The company said it would double the amount of employees it had designated for existing security operations after reviewing the measures in place at the In Amenas gas facility.