Energy & Oil

Friday, October 12th 2012 - 06:23 UTC
Uruguay signs offshore contracts with oil companies: BP, BG, Total and Tullow

The Uruguayan government has signed offshore exploration and production deals with British oil firms BG Group, BP plc, Ireland’s Tullow Oil and France's Total. The companies awarded 30-year concession contracts in April for the eight oil blocks - three each for BG and BP and one each for Tullow and Total - have committed to investing a total of roughly 1.56 billion dollars.
Friday, October 12th 2012 - 00:46 UTC
Argentine energy policy further limits methanol production in south Chile

Canada’s Methanex Corporation announced on Thursday that because of severe restrictions in the provision of natural gas to its plant in the extreme south of Chile, Punta Arenas, Magallanes Region, the company is forced to another re-structuring which will leave 48 people redundant.
Thursday, October 11th 2012 - 23:44 UTC
US Noble Energy adds Nevada to its list of prospects which includes the Falklands

Noble Energy which expects go be extracting oil from the Falkland Islands before 2020, said on Thursday it plans to explore for crude oil in areas of Nevada that have seen little drilling, as the US exploration and production company starts to assess its longer-term prospects.
Thursday, October 4th 2012 - 16:41 UTC
Falklands’ commercial oil production projected to commence in 2017

By Alicia Dunkley-Willis (*) - With commercial oil production projected to commence in 2017 for the 3,000 population Falkland Islands, efforts are now underway to ensure that the impending wealth does not upset the order here.
Monday, October 1st 2012 - 22:18 UTC
Shell contracts four dynamically positioned ultra-deepwater drill-ships

Transocean Ltd. today announced on Monday it has been awarded 10-year contracts for four new build dynamically positioned ultra-deepwater drill-ships by Royal Dutch Shell (Shell).
Saturday, September 29th 2012 - 08:33 UTC
Petrobras asks court to lift ban on Swiss rig supplier and Chevron

Brazilian energy giant Petrobras on Friday asked a Rio do Janeiro court to lift a ban on operations of rig owner Transocean in connection with a major ocean oil spill last year. The company filed a civil action as “injured third party” to press for the immediate lifting of a July 31 injunction ordering US oil firm Chevron and Switzerland-based Transocean to stop drilling and shipping activities in Brazil within 30 days.
Thursday, September 27th 2012 - 18:20 UTC
Venezuela to increase oil sales to India on a 15-year supply contract

Venezuela will hike the amount of oil it is sending to India's Reliance Industries and signed a new 15-year supply contract with the company, Oil Minister Rafael Ramirez announced this week.
Tuesday, September 25th 2012 - 23:56 UTC
FOGL spuds the second well of its exploration program to the east of Falklands

Falkland Oil and Gas, FOGL, announced on Tuesday that last 25 September it spudded the Scotia exploration well to the East of the Falkland Islands. The well FI 31/12-01 is located 315 km east-northeast of the Islands capital Stanley, and 114 km from the Loligo prospect.
Tuesday, September 25th 2012 - 08:19 UTC
Japan steps away from nuclear power

As Japan and France move away from nuclear energy, is it the endgame for nuclear proponents?
Thursday, September 20th 2012 - 01:40 UTC
Brazil announces auctioning of new oil concessions for next May

Brazil's Dilma Roussef has approved the auctioning of new oil concessions next year, subject to congressional approval of a new royalties law, authorities said. The 11th auction outside the pre-salt next May would involve 74 oil blocks, half at sea and half on land.