Energy & Oil

• Tuesday, June 25th 2013 - 18:39 UTC

  Repsol to consider YPF compensation offer, including stake in shale deposits

  

  Spanish oil corporation Repsol's board is scheduled to consider on Wednesday a non-cash compensation offer from Argentina over the seizure of its majority stake in energy firm YPF, according to the Spanish government news agency EFE.

• Tuesday, June 25th 2013 - 18:28 UTC

  Piñera opens joint-largest wind-farm in the north of Chile

  

  President Sebastian Piñera inaugurated Chile’s joint-largest wind farm at an official ceremony. The 90MW Talinay East facility is owned by Italy’s Enel Green Power and features 45 Vestas V100 2MW turbines in the country’s central Coquimbo region, 400 kilometres north of Santiago.

• Tuesday, June 25th 2013 - 18:11 UTC

  Chile’s largest energy project left on hold because of electoral debate

  

  A controversial plan to power central Chile by damming Patagonian rivers is doable, the project's head said dismissing criticism from leading presidential candidate Michelle Bachelet that HidroAysen is not viable.

• Monday, June 24th 2013 - 18:00 UTC

  Extreme energy, extreme implications: interview with Michael Klare

  

  Interview by James Stafford of Oilprice.com - If oil and gas is a profoundly dynamic phenomenon, then so too must be environmental risk and conflicts over natural resources—and we are not getting the full picture from the mainstream media, according to Michael T. Klare, professor of peace and world security studies at Hampshire College, TomDispatch blogger.

• Friday, June 21st 2013 - 16:41 UTC

  Russia to supply China 270bn dollars in oil on 25 year contract

  

  Russian state oil company Rosneft has agreed to double its oil supplies to China, in a deal worth 270bn dollars over 25 years. Under the terms of the deal, Rosneft will supply 300.000 barrels of oil a day to China starting in 2015.

• Monday, June 17th 2013 - 19:44 UTC

  India's Energy Ties with Iran Unsettle Washington

  

  India's relentless search for hydrocarbons to fuel its booming economy has managed the rather neat diplomatic trick of annoying Washington, delighting Tehran and intriguing Baghdad, all the while leaving the Indian Treasury fretting about how to pay for its oil imports, given tightening sanctions on fiscal dealings with Iran.

• Wednesday, June 12th 2013 - 10:21 UTC

  Norway’s Statoil cools new project: tax changes and government delay in building support port

  

  On account of applicable Norwegian Government tax changes Statoil as operator has recommended a delay of the investment decision for the Johan Castberg project in the Norwegian Barents Sea.

• Wednesday, June 12th 2013 - 07:22 UTC

  Argentina shale oil reserves rank fourth behind Russia, China and US, says latest energy report

  

  Argentina ranks fourth, behind Russia, the United States and China with technically recoverable shale oil reserves of 27 billion barrels, the US Energy Information Administration (EIA) said in a landmark report that offers a preliminary glimpse of the hydrocarbons that remain untapped across the world.

• Tuesday, June 11th 2013 - 05:12 UTC

  Falkland Islands Holdings results confirm success of South Atlantic oil industry

  

  Falkland Islands Holdings' shares rose on Monday after it posted an increase in underlying pre-tax profits and looked forward to 'an exciting future'. FIH reported underlying pre-tax profits of £3.29m for the year to the end of March - 1.9% up on last time.

• Thursday, June 6th 2013 - 22:33 UTC

  Argentina’s energy imports soar 47% during April propped by gas purchases

  

  Argentina’s energy imports during April soared 47.6% over a year ago reported the government mainly because of massive natural gas purchases for the coming winter. The bill in April climbed to 733 million dollars from 384 million a year ago, while Enarsa the government corporation that has the monopoly of LNG imports spent 438 million this year and 259 million in April 2012.