Energy & Oil

• Friday, June 29th 2012 - 01:13 UTC

  Britain forecasted to import 80% of gas consumed as early as 2016

  

  Britain’s declining oil and gas industry may be a minnow on the world stage, 20th largest oil producer and 15th largest gas producer in 2010, but it is still remarkably important for jobs and the UK economy, reports Citywire.

• Wednesday, June 27th 2012 - 16:04 UTC

  Falkland Oil & Gas confirms Italian/French partner for drilling in South Atlantic

  

  London AIM listed Falkland Oil & Gas (FOGL) said Italian utility Edison International Spa was its new partner, bringing in a large, non-British company to help it look for hydrocarbons in the Falkland Islands.

• Wednesday, June 27th 2012 - 08:38 UTC

  Petrobras Argentina second oil and gas strike in Patagonia’s Santa Cruz

  

  Petrobras Argentina, the local unit of Brazil's state-owned energy firm, said on Monday it had found new oil and natural gas resources in its Estancia Agua Fresca concession in the Patagonian province of Santa Cruz

• Tuesday, June 26th 2012 - 06:14 UTC

  Argentine major gas field remains blocked by striking workers that rampaged control offices

  

  American Energy said on Monday it has been unable to regain access to a strategically important oil and gas field it operates in Argentina's Chubut Province because protesters are blocking the roads leading to it.

• Tuesday, June 26th 2012 - 03:49 UTC

  Major change in Petrobras exploration policy looking to diversity from two main basins

  

  Brazil’s Petrobras which has become the world’s biggest deepwater oil producer is looking past its largest discoveries to avoid a fate similar to Mexico, where output has plummeted 25% since 2004.

• Sunday, June 24th 2012 - 02:49 UTC

  Brazil raises fuel prices for the first time since 2008, effective next Monday

  

  Brazil's state managed oil company Petrobras said it will raise gasoline and diesel prices for the first time since 2008, a move aimed at ending refining losses and paying for the world's largest corporate spending plan.

• Friday, June 22nd 2012 - 08:13 UTC

  Brazilian government studying fuel price increase to support Petrobras

  

  Officials from Brazil's state-run oil company, Petrobras and the government on Thursday confirmed they are studying a fuel price increase to help offset the costs of fuel sector investments.

• Thursday, June 21st 2012 - 20:26 UTC

  Teamsters return to work in Argentina, but new national strike programmed for next week

  

  Argentina’s head of organized labour confederation CGT, Hugo Moyano came on stage Thursday afternoon to announce the end of the national strike led by the Teamsters’ union.

• Thursday, June 21st 2012 - 15:53 UTC

  Argentina running out of fuel; strikers challenge Cristina Fernandez and rally at Plaza de Mayo

  

  Argentina is on the verge of a possible oil national and gas shortage within the next few hours as the teamsters three day strike knocks out refineries distribution in spite of the government’s decision to fine the union and file charges against the leaders of the mobilization.

• Thursday, June 21st 2012 - 05:40 UTC

  Colombia determined to ensure a floor oil production of 1 million bpd

  

  Colombia which has become South America’s third- largest crude supplier, is speeding environmental permits for oil companies as delays threaten to derail an output target of 1 million barrels a day this year, the nation’s regulator said.