Energy & Oil

• Wednesday, December 26th 2012 - 07:17 UTC

  Fuel-price controls force Brazil to import 12bn dollars in oil and refined products

  

  Brazil faces record trade deficits in petroleum products in 2012 and 2013 as a result of government fuel-price controls, problems with its refining system and rising consumer demand, the Folha de S. Paulo newspaper reported last weekend.

• Wednesday, December 26th 2012 - 06:53 UTC

  Falklands’ share Norway’s oil wealth fund and port infrastructure experience

  

  Though plagued with flu and taking place largely in darkness, the recent visit to Norway by Members of the Legislative Assembly and senior government officials appears to have produced encouraging results and shone some light on possible developments in the Falkland Islands, according to MLA Dick Sawle.

• Wednesday, December 26th 2012 - 06:03 UTC

  YPF and PDVSA will explore Malvinas continental shelf for oil, says Pagina 12

  

  According to reports in the Argentine media, the nationalized Argentine oil company YPF, formerly owned by Spain's Repsol, will be teaming up with Venezuelan oil giant PDVSA to explore the continental shelf around the Falkland/Malvinas Islands for oil.

• Saturday, December 22nd 2012 - 08:03 UTC

  World Bank’s arbitration unit receives Repsol’s complaint over YPF nationalization

  

  The World Bank's arbitration unit has agreed to hear a complaint by Spanish oil firm Repsol over Argentina's nationalization of the company's former energy affiliate YPF.

• 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.