Energy & Oil

• 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.

• 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.