Energy & Oil

• Wednesday, September 12th 2012 - 01:54 UTC

  EU bites the hand that feeds it: Russia’s Gazprom will bite back

  

  Gazprom has Europe's natural gas market in a stranglehold and Europe is attempting to fight back, first with a raid last year on the Russian giant's offices and then with a probe launched earlier this week against its allegedly illicit efforts to control the EU natural gas supplies.

• Tuesday, September 11th 2012 - 06:30 UTC

  Falklands’ companies readying to provide support services to oil industry

  

  Falkland Islands’ companies are, “stepping up to the plate,” in providing support services to the oil industry; and their investment in increased work forces, facilities and equipment is already paying dividends.

• Tuesday, September 11th 2012 - 05:55 UTC

  Major blackout leaves half of Cuba, including Havana in the dark for hours

  

  A failure in a main transmission line in central Cuba caused a blackout that cut electricity for hours to more than half the country on Sunday night, but now power has been mostly restored, the government said on Monday.

• 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.