Energy & Oil

Thursday, June 14th 2012 - 18:35 UTC
Falkland Islands Holdings sees “significant opportunities” with hydrocarbons industry

London’ AIM quoted international services group Falkland Islands Holdings has raised eight million pounds following a subscription for shares by Blackfish Capital, an investment fund, reported the company in a release.
Thursday, June 14th 2012 - 10:49 UTC
Shell drops plan to buy sugar cane grown on land taken from indigenous people

Shell subsidiary that makes bio-diesel in Brazil has dropped controversial plans to buy sugar cane grown on land taken from indigenous people, according to Survival International.
Monday, June 11th 2012 - 03:28 UTC
Argentina claims Falklands and slams UK for ‘illegal exploitation of natural resources’

Ahead of a week of intense diplomatic exchanges and on the Day of the Affirmation of the Argentine Rights Over the Malvinas, Islands and Antarctic Sector, the Argentine Government once again ratified its claim over the Islands’ sovereignty and questioned the UK over the “illegal exploitation of their natural resources” and the “increased militarization of the South Atlantic region.”
Friday, June 8th 2012 - 20:05 UTC
Chile plans to drill eight wells looking for oil and gas in Magallanes region

Chilean government oil and gas corporation, ENAP, presented this week the environment impact assessment for a project to drill eight wells for the extraction of hydrocarbons in the extreme south region of Magallanes in the so-called “Sub-block Manantiales”.
Thursday, June 7th 2012 - 06:10 UTC
Venezuelan opposition plays the nationalist card in territory dispute with Guyana

Venezuela's opposition accused the government on Wednesday of turning a blind eye to neighbouring Guyana's oil exploration in a border region claimed by Venezuela, potentially inflaming a territorial dispute that dates back more than a century.
Thursday, June 7th 2012 - 05:26 UTC
JBS to sue Greenpeace on report the meat packer bought cattle bred in de-forested areas

Brazil's JBS, the world's largest meat company, said on Wednesday it would sue environmental organization Greenpeace for what it called false claims that could cause it to lose business and hurt its image.
Wednesday, June 6th 2012 - 04:28 UTC
YPF unveils plan to invest 35bn dollars in five years with he help from partners

Argentina's state-controlled energy company YPF will need to invest 35 billion dollars to boost falling natural gas and oil output by more than a quarter by 2017, the new chief executive said on Tuesday in Buenos Aires.
Tuesday, June 5th 2012 - 07:55 UTC
UK support for ‘threatened’ oil companies and Falklands’ right to develop its own hydrocarbons industry

The United Kingdom gave its full support to the companies involved in oil and gas exploration in Falkland Islands waters, following Argentina’s announcement on Monday it was beginning legal actions against five companies committed to “illegal” and “clandestine” exploration activities in the disputed Malvinas waters.
Tuesday, June 5th 2012 - 03:01 UTC
Argentine concludes takeover of YPF naming new board and confirming CEO

Argentina's government concluded the takeover of the country’s largest oil and gas company on Monday by naming a new chief executive and directors, even when YPF former owner - Spain's Repsol, kept one seat on the board.
Monday, June 4th 2012 - 20:56 UTC
Argentina declares Falklands’ oil activities “illegal and clandestine” and anticipates criminal and civil actions

Argentina declared on Monday the oil exploration by UK-listed companies in Falkland Islands waters “illegal” and their activities “clandestine”. Argentina has long claimed the Falklands/Malvinas as part of its territory.