Energy & Oil

• Monday, December 3rd 2012 - 05:02 UTC

  Falklands’ mission to learn from the oil experiences of Norway and Shetlands

  

  Senior members from the Falkland Islands government have left for Norway and the Shetland Islands on an experiences-fact-finding mission as the Islands prepare for oil production in the near future.

• Friday, November 30th 2012 - 08:40 UTC

  YPF takes over Argentina’s main gas distribution company belonging to BG

  

  Argentina’s nationalized oil and gas company YPF announced it has taken control of Metrogas, after acquiring 54.67% of the shares of Gas Argentino (GASA) from the company British Gas (BG). The takeover leaves the oil company as the main stockholder and controller of 70% of the largest gas distribution company in Argentina.

• Thursday, November 29th 2012 - 06:42 UTC

  Argentina increases 44% wellhead natural gas prices to attract investment

  

  Argentine president Cristina Fernandez announced on Wednesday that wellhead natural gas prices are to rise substantially from current levels, an estimated 44%, with the purpose of attracting more investments and increasing production.

• Wednesday, November 28th 2012 - 18:55 UTC

  BP suspended from new contracts with US government

  

  British Petroleum has been temporarily suspended from new contracts with the US government, the Environmental Protection Agency (EPA) has said. While it is unclear how long the ban will last, it follows BP's record fine earlier this month over the 2010 oil spill in the Gulf of Mexico.

• Tuesday, November 27th 2012 - 22:18 UTC

  Mixed bag for Noble Energy: oil in Gulf of Mexico and plugged well in the Falklands

  

  Noble Energy Inc. (NBL) unveiled a discovery in the Big Bend exploration area in the Gulf of Mexico as it also abandoned another well off the shore of the Falkland Islands that yielded a low-quality reservoir.

• Tuesday, November 27th 2012 - 12:35 UTC

  Poor quality hydrocarbons in south/east Falklands; new round of 3D program begins

  

  Falkland Oil and Gas Ltd. (FOGL) focused on exploration in areas to the South and East of the Falkland Islands reported on Tuesday that the well drilled at its Scotia prospect discovered poor quality hydrocarbons.

• Tuesday, November 27th 2012 - 04:47 UTC

  President Franco says Paraguay will begin pumping oil in mid-2013

  

  Paraguayan president Federico Franco announced on Monday that starting on 2013 the country will become an oil producing nation, after a recent discovery close to the border with Argentina.

• Friday, November 23rd 2012 - 20:06 UTC

  CPR confirms potential of Desire Petroleum discoveries in the Falklands

  

  Falklands’ oil explorer Desire Petroleum announced on Friday that the findings of a Competent Person’s Report, CPR, have confirmed the potential of its discoveries offshore the Islands in the North Falkland Basin.

• Thursday, November 22nd 2012 - 21:35 UTC

  North Dakota oil and gas production increasing 3% to 5% monthly

  

  Crude production from the Bakken and Three Forks formations in North Dakota could rise by another 50-100% in the next three years, and not start to decline until 2020 or even 2025, according to official projections from the North Dakota Oil and Gas Division.

• Tuesday, November 20th 2012 - 01:36 UTC

  Repsol presses charges against Chevron for making business with nationalized YPF

  

  Spanish oil company Repsol has pressed charges against Chevron over “disloyal competition”, after the US company reached an agreement with its former Argentine branch YPF to conduct explorations in the Vaca Muerta reservoir, a company spokesman announced.