Energy & Oil

• Friday, August 3rd 2012 - 22:11 UTC

  Uruguay’s July inflation record low on government successful electricity saving campaign

  

  Uruguay’s annual consumer-price inflation dropped in July to 0.27% the lowest in 58 years, accumulating 7.48% in the last twelve months (down from 8% in June), and 4.41% in the first seven months of 2012.

• Friday, August 3rd 2012 - 08:25 UTC

  Falkland Islands debates and prepares for the development of the oil industry

  

  A public debate on the future of the Falkland Islands in the face of income from oil exploitation is required rapidly, according to a Member of the elected Legislative Assembly.

• Friday, August 3rd 2012 - 07:01 UTC

  Petrobras and BP discover oil in deep-water at the northeast basin off Ceara

  

  Brazil’s government controlled oil and gas corporation Petrobras and Britain’s BP announced the discovery of oil in a deep-water offshore well in a new area for exploration off Brazil's northeast coast, according to a securities filing on Thursday.

• Thursday, August 2nd 2012 - 07:31 UTC

  YPF after Chinese cooperation for development of Vaca Muerta shale deposits

  

  Federal Planning Minister Julio de Vido announced that several members of the Argentine Government would be flying to China in September in order to close several cooperation agreements between Chinese oil companies and YPF, intended to deepen the bilateral relations.

• Thursday, August 2nd 2012 - 06:34 UTC

  India’s two power outage incidents in two days punished almost a billion people

  

  New Delhi’s Metro shut down and hundreds of coal miners were trapped underground after three Indian electric grids collapsed in a cascade on Tuesday cutting power to 620 million people in the world’s biggest blackout.

• Wednesday, August 1st 2012 - 07:46 UTC

  Argentina/Venezuela sign strategic cooperation agreement to boost energy

  

  After attending the Mercosur extraordinary meeting in Brasilia, President Cristina Fernández and her Venezuelan counterpart, Hugo Chávez, signed a cooperation agreement to develop a strategic energy plan between state oil companies YPF and PDVSA.

• Tuesday, July 31st 2012 - 22:13 UTC

  B&S abandons south Falklands oil and gas exploration; FOGL takes over

  

  After two disappointing results, Borders & Southern has officially completed its deep water drilling program in the South Falkland Islands basin, the company announced on Tuesday. The company said well Stebbing has been “successfully plugged and abandoned,” bringing to an end the Company's current two well drilling program.

• Tuesday, July 31st 2012 - 01:19 UTC

  Chavez after an energy alliance with Argentina and Brazil in the framework of Mercosur

  

  Venezuelan president Hugo Chavez announced he expected to sign an oil/gas alliance between Argentina’s YPF and PDVSA (Venezuelan Petroleum) when he meets with his peer Cristina Fernandez in Brasilia in the framework of the Mercosur extraordinary summit to officially incorporate the country as full member of the trade group.

• Monday, July 30th 2012 - 16:39 UTC

  Argentina plans to explore for oil and gas next to the Falklands

  

  As part of its “Malvinas noose tightening” policy the Argentine government is planning an international tender to offer licenses to explore for oil near the Falkland Islands, reports Buenos Aires main daily Clarin in its Monday edition, citing a letter to Congress by Cabinet chief Juan Manuel Abal Median.

• Monday, July 30th 2012 - 07:19 UTC

  Argentina denies plans to intervene the energy sector: “only ensuring investments”

  

  Planning Minister Julio De Vido denied that the Government plans the “intervention” of the energy sector and clarified that “we demand investment and production plans. This is not an intervention, simple more planning.”