Energy & Oil

Thursday, December 20th 2012 - 20:38 UTC
Uruguay diversifies energy mix with 530 MW combined-cycle-gas-power plant

The Inter-American Development Bank (IDB) has approved a loan for 200 million dollars to Uruguay to help finance the construction of a 530 MW combined-cycle gas power plant to help diversify the country's energy mix in an environmentally sustainable manner.
Wednesday, December 19th 2012 - 20:45 UTC
Chevron/YPF sign pilot accord to drill 100 wells in Vaca Muerta shale deposits

US Chevron and Argentina’s nationalized YPF signed a partnership to on Wednesday to invest 1 billion dollars to develop the shale-oil reserves of Vaca Muerta in the hydrocarbons rich Patagonian province of Neuquén.
Wednesday, December 19th 2012 - 20:37 UTC
Falklands owned new wind farm to supply Mount Pleasant Complex

The Falkland Islands Government Chief Executive, Keith Padgett, Commander British Forces, Brigadier Bill Aldridge and Paul Wilson from the Defence Infrastructure Organisation have signed a Memorandum Of Understanding (MOU) for the construction of a new wind farm at Mare Harbour.
Saturday, December 15th 2012 - 21:04 UTC
GeoPark drills new successful oil well in Colombia

GeoPark Holdings Limited announced the successful drilling, testing and putting into production of a new oil well in the Tua oil field on the Llanos 34 Block in Colombia. GeoPark that also has drilled for oil in southern Chile and Argentina operates and has a 45% working interest in the Llanos 34 Block.
Saturday, December 15th 2012 - 20:59 UTC
Petrobras selling its assets in Argentina; YPF one of the interested companies

Brazil's state-run oil company Petrobras is putting its Argentine assets up for sale and will start accepting bids from interested buyers as early as this week, Buenos Aires newspaper La Nacion reported Friday.
Wednesday, December 12th 2012 - 18:09 UTC
Oil company begins 3D seismic surveying to the south of the Falkland Islands

Falkland Oil and Gas Limited oil and gas exploration company has commenced an important 3D seismic survey operation in the south of the Falkland Islands, where the company has extensive licence areas.
Monday, December 10th 2012 - 20:10 UTC
YPF CEO Galuccio travels to Norway to discuss partnership with Statoil

Argentina’ nationalized oil and gas corporation YPF is said to be in talks with Norway’s Statoil about a possible partnership as part of its 37 billion dollars drive to develop Argentina’s energy reserves. It is close to signing deals with US oil giant Chevron as well as Bridas Corp, the Chinese-Argentine joint venture, the Financial Times reported on Sunday.
Monday, December 10th 2012 - 05:34 UTC
YPF confident it has partners to develop shale assets: Chevron and Bridas

Argentine nationalized oil company YPF is in advanced discussions with potential partners on the development of its shale assets, the company's chief executive said. YPF could complete a deal with Bridas Energy Holdings Ltd. before the end of the year, while an agreement with US oil major Chevron Corp. will likely close in the first quarter of 2013, he said, adding that the deals would likely be similar in size.
Thursday, December 6th 2012 - 21:09 UTC
FOGL ends drilling program in south Falklands; begins further seismic surveying

Falklands Oil & Gas (FOGL) announced Thursday it had abandoned its Scotia exploration well in the south basin after disappointing results, thus completing its 2012 two-well drilling (Loligo and Scotia) program in the Falkland Islands.
Thursday, December 6th 2012 - 00:35 UTC
Repsol sues Chevron in New York over development of YPF energy assets

Spain’s Repsol has sued Chevron Corp. in New York seeking to prevent the US oil giant from developing energy assets in Argentina. The federal lawsuit filed Tuesday follows other legal claims that the Spanish oil company has filed in Madrid and Washington, demanding more than 10 billion dollars in compensation for the majority stake in the YPF oil company that Argentina's government took over in April.