Energy & Oil

• Monday, April 30th 2012 - 04:08 UTC

  “Brazil ready to live a natural gas golden era” with self sufficiency in five years

  

  Brazil which currently imports 35% of the natural gas it consumes from Bolivia has found sufficient reserves to ensure self-sufficiency in the coming five years announced Mines and Energy minister Edison Lobao.

• Saturday, April 28th 2012 - 06:11 UTC

  Falklands’ budget enjoys additional surplus boosted by the oil industry

  

  The Falkland Islands oil industry has contributed with an unexpected addition of £9.2M to the Falkland Islands Government (FIG) budget in the first nine months of the financial year 2011/12, reported the Islands government Standing Finance Committee.

• Saturday, April 28th 2012 - 06:07 UTC

  In a massive rally CFK reaffirms YPF seizure and thanks the opposition’s support

  

  Argentine President Cristina Fernandez in a massive political rally on Friday defended her policy to seize YPF from Spain’s Repsol, thanked the opposition for their legislative support and called on the new generations to defend the “historic legacy”.

• Friday, April 27th 2012 - 11:30 UTC

  Timerman replies to De Gucht rejecting “unacceptable” arguments and “tone”

  

  Argentine Foreign Minister Héctor Timerman said the recent criticism from the European Trade Commissioner Karel De Gucht regarding the YPF expropriation is “unacceptable,” and assured that it “surprised him due to his tone and approach”.

• Friday, April 27th 2012 - 09:33 UTC

  Argentine Securities Commission puts more pressure on Falklands’ oil industry

  

  Argentina’s National Securities Commission, CNV, announced on Thursday that it will inform UK regulatory authorities on the legal actions to be undertaken by the Argentine state against oil companies “illegally operating in the Malvinas Islands”.

• Thursday, April 26th 2012 - 21:51 UTC

  YPF seizure has sent “shockwaves” globally; Argentina will “suffer consequences”

  

  European Trade Commissioner Karel De Gucht said Argentina is in for long term consequences after sending “shockwaves” internationally with the announced plans to expropriate 51% of YPF shares owned by Spain-based Repsol oil and gas company.

• Thursday, April 26th 2012 - 21:33 UTC

  Argentine Lower House discusses YPF bill; CFK should stamp it into law next week

  

  Committees of Argentina’s Lower House of Congress began a plenary session on Thursday in order to clear the YPF expropriation bill for debate, which was approved early morning by the Senate.

• Thursday, April 26th 2012 - 21:06 UTC

  Borders & Southern raises £46 million to analyze gas discovery in the Falklands

  

  Oil explorer Borders & Southern boosted its available funds to help it analyse a gas discovery in the Falkland Islands, by raising £ 46 million through a share placing.

• Thursday, April 26th 2012 - 05:59 UTC

  Brazil investing heavily in developing Peruvian natural gas sector

  

  Three of Brazil's leading companies said on Wednesday they are increasing investment and exploration in Peru's natural gas sector as the country prepares to build a new pipeline and petrochemical plants.

• Thursday, April 26th 2012 - 01:33 UTC

  Argentina warns Falklands’ oil companies of May 2 deadline when legal actions begin

  

  Argentina once again warned oil companies considered by the Government to be “illegally operating” in the Falklands/Malvinas Islands, and reiterated it will press charges against them unless they justify their actions before next Wednesday, May 2.