Energy & Oil

• Tuesday, August 28th 2012 - 04:13 UTC

  Despite Fukushima accident, 30 countries considering nuclear energy says IAEA

  

  Almost 30 countries are considering or planning to introduce nuclear energy as interest remains strong despite last year's Fukushima accident, the United Nations' atomic agency said.

• Tuesday, August 28th 2012 - 03:36 UTC

  YPF trying to convince Chevron to help develop massive shale deposits in Neuquen

  

  Argentina’s nationalized oil and gas company YPF and the head of Latin American and African operations for Chevron Corp. are discussing a potential agreement to develop the massive Vaca Muerta shale oil and gas formation in the Patagonian province of Neuquén.

• Monday, August 27th 2012 - 04:21 UTC

  Venezuela’s biggest refinery fire and explosion kills 41, hundreds injured

  

  Venezuela's biggest refinery is on track to restart within two days, the Energy minister said on Sunday, a day after an explosion and fire there killed 41people in one of the global oil industry's deadliest accidents.

• Friday, August 24th 2012 - 06:14 UTC

  YPF announces massive exploration program and calls on private investors

  

  Argentina’s nationalized oil and gas corporation YPF announced it has plans to drill 250 wells in the next five years to further advance the country’s “hydrocarbons frontier”. During a presentation at a posh hotel in Buenos Aires under the heading of “Argentine Exploration Plan”, YPF CEO Miguel Galuccio called on investors to trust him and support the plan.

• Friday, August 24th 2012 - 01:19 UTC

  Desire Petroleum assesses potential of its North Falkland Basin strategic prospects

  

  In an update of the recently completed six well exploration program Falkland Islands’ Desire Petroleum reports it has new 3D seismic acquisition of several of its North Falkland prospects which are currently under evaluation to provide a full prospects’ inventory.

• Friday, August 24th 2012 - 01:12 UTC

  First half of 2012; “very significant development period” for Falkland Oil and Gas

  

  The AIM listed company Falkland Oil and Gas Ltd reflected on Thursday on the progress made in the first half of the year when it managed a significant equity placing and negotiations for two farm-out deals which helped with a cash-balance of over 220 million dollars.

• Thursday, August 23rd 2012 - 20:39 UTC

  Company confirms abundant gas condensate in south Falklands and prepares new drilling program

  

  Shares in Borders and Southern soared almost 20% on Thursday as the company revealed positive findings from the analysis of condensate fluids from its Darwin discovery well in the south of the Falkland Islands where it plans to continue appraisal drilling in 2014.

• Thursday, August 23rd 2012 - 00:58 UTC

  Chavez pledges 130bn investment to boost oil production to 6 million bpd by 2019

  

  Some 130 billion dollars will be invested in Venezuela's Orinoco Oil Belt between 2013 and 2019 to boost national production from 3 million barrels per day to 6 million bpd, President Hugo Chavez announced on Tuesday evening.

• Thursday, August 23rd 2012 - 00:50 UTC

  Where’s the cheapest to ‘fill her up’? Venezuela: 12.8 US cents a liter of petrol

  

  Venezuela, the latest entry as full member of Mercosur has the cheapest petrol price in the world, 8 pennies per liter, (1 £ trading at 1.59 dollars on 22 August) according to the latest report from UK website, “This is money”, based on a research from Evans Halshaw.

• Tuesday, August 21st 2012 - 22:08 UTC

  Peru to punish “negationism”, denying a past of killings and destruction by terrorist gangs

  

  The Peruvian government announced that it will be sending Congress a bill that punishes the negation of the terrorist violence suffered by the country during the last decades of the last century. The bill against “negationism” is in ‘support of democracy and a unified front against terrorism’ which is still active in some parts of the country in alliance with the drug lords.