Energy & Oil

• Tuesday, September 11th 2012 - 05:02 UTC

  Falkland Oil & Gas expected to announce results of drilling in next few days

  

  Falkland Oil and Gas has provided an update on drilling operations at its Loligo prospect, following market speculation which has seen the value of the companies shares fall by almost 30% at one point on Monday.

• Monday, September 10th 2012 - 00:47 UTC

  Falklands’ oil offers an exit strategy from the dispute

  

  By Graham Bound - The discovery of a large field of natural gas beneath the seabed south of the Falklands received appropriate coverage in the UK press. Rockhopper Exploration’s agreement with Premier Oil, which is likely to involve an investment by the latter of up to £750m, has also been noticed.

• Tuesday, September 4th 2012 - 23:42 UTC

  Russia’s Gazprom ready to help YPF develop gas and non-conventional resources

  

  Argentine nationalized oil company YPF moved forward in the signing of an agreement with Russian state oil company Gazprom to develop conventional and non-conventional gas in Argentina and the eventual supply of liquefied gas.

• Friday, August 31st 2012 - 11:56 UTC

  YPF announces three wells confirm discovery of new shale deposits

  

  Argentina’s recently nationalized oil and gas corporation YPF announced non conventional oil was discovered in five new wells drilled in the Patagonian provinces of Chubut and Neuquen and anticipated that fuel prices in the country will continue to gradually increase to eliminate the gap with competition.

• Friday, August 31st 2012 - 04:08 UTC

  YPF tempting global oil industry heavyweights with ‘Vaca Muerta’ shale formation

  

  Exxon-Mobil Corp. and Apache Corp. will hold talks with Argentina's YPF next month to discuss further investments in the country's Vaca Muerta shale formation, said a YPF official briefed on the matter.

• Thursday, August 30th 2012 - 05:04 UTC

  Mexico strikes light crude oil in deep water deposits; boost for Pemex morale

  

  Mexico’s state oil company Pemex has made a new light crude oil find in the Gulf of Mexico, President Felipe Calderon said on Wednesday, the first such discovery in the country's push to exploit deep water deposits and boost output.

• Thursday, August 30th 2012 - 04:25 UTC

  Venezuelan refinery ‘cooling down’; independent report points to serious lack of maintenance

  

  Venezuela is carrying out an “exhaustive” inspection of its biggest refinery before attempting to restart processing after extinguishing a four-day fire yesterday caused by an explosion that killed 48 people and left hundreds homeless.

• Wednesday, August 29th 2012 - 06:10 UTC

  Brazilian court orders resumption of work at controversial dam in the Amazon

  

  Brazil's Supreme Court has approved the resumption of work on the controversial 13 billion dollars Belo Monte dam in the Amazon, which was stopped earlier this month after protests from indigenous groups.

• Wednesday, August 29th 2012 - 05:59 UTC

  Brazil to deploy first floating oil terminal for refueling tankers in the high seas

  

  Brazil’s energy giant Petrobras said on Tuesday it will deploy the world’s first floating oil terminal capable of refueling tankers on the high seas.

• Tuesday, August 28th 2012 - 04:35 UTC

  The endless war: Saudi Arabia goes on the offensive against Iran

  

  Saudi Arabia has gone on the offensive against Iran to protect its interests. Their involvement in Syria is the first battle in what is going to be a long bloody conflict that will know no frontiers or limits.