Energy & Oil

• Tuesday, November 27th 2012 - 22:18 UTC

  Mixed bag for Noble Energy: oil in Gulf of Mexico and plugged well in the Falklands

  

  Noble Energy Inc. (NBL) unveiled a discovery in the Big Bend exploration area in the Gulf of Mexico as it also abandoned another well off the shore of the Falkland Islands that yielded a low-quality reservoir.

• Tuesday, November 27th 2012 - 12:35 UTC

  Poor quality hydrocarbons in south/east Falklands; new round of 3D program begins

  

  Falkland Oil and Gas Ltd. (FOGL) focused on exploration in areas to the South and East of the Falkland Islands reported on Tuesday that the well drilled at its Scotia prospect discovered poor quality hydrocarbons.

• Tuesday, November 27th 2012 - 04:47 UTC

  President Franco says Paraguay will begin pumping oil in mid-2013

  

  Paraguayan president Federico Franco announced on Monday that starting on 2013 the country will become an oil producing nation, after a recent discovery close to the border with Argentina.

• Friday, November 23rd 2012 - 20:06 UTC

  CPR confirms potential of Desire Petroleum discoveries in the Falklands

  

  Falklands’ oil explorer Desire Petroleum announced on Friday that the findings of a Competent Person’s Report, CPR, have confirmed the potential of its discoveries offshore the Islands in the North Falkland Basin.

• Thursday, November 22nd 2012 - 21:35 UTC

  North Dakota oil and gas production increasing 3% to 5% monthly

  

  Crude production from the Bakken and Three Forks formations in North Dakota could rise by another 50-100% in the next three years, and not start to decline until 2020 or even 2025, according to official projections from the North Dakota Oil and Gas Division.

• Tuesday, November 20th 2012 - 01:36 UTC

  Repsol presses charges against Chevron for making business with nationalized YPF

  

  Spanish oil company Repsol has pressed charges against Chevron over “disloyal competition”, after the US company reached an agreement with its former Argentine branch YPF to conduct explorations in the Vaca Muerta reservoir, a company spokesman announced.

• Tuesday, November 20th 2012 - 00:46 UTC

  Repsol wants fair compensation from Argentina; will appeal to all legal resources

  

  Repsol Chairman Antonio Brufau has expressed his determination to reach a solution on compensation for the nationalisation of its shares in YPF, and says that he is willing to take the matter to an international court level to ensure a fair amount is paid.

• Monday, November 19th 2012 - 11:37 UTC

  Gasoline rationing extended in New York until next Friday

  

  Gasoline rationing in New York City which was scheduled to end on Monday has been extended through Friday, even as the gas station lines that prompted it have all but disappeared.

• Friday, November 16th 2012 - 00:42 UTC

  BP pleads guilty to Gulf of Mexico spill and will pay a record 4.5bn

  

  BP Plc agreed on Thursday to plead guilty to a raft of charges in the deadly Gulf of Mexico spill and pay a record 4.5 billion dollars including the biggest criminal fine in United States history. Three BP employees were also charged, two of them with manslaughter.

• Wednesday, November 14th 2012 - 07:08 UTC

  Petrobras strikes oil and gas in extreme south of Argentina at the Springhill field

  

  Petrobras Argentina reported this week that it made a new oil- and gas-field in the northern area of the Puesto Peter franchise, which is located in the Patagonia province of Santa Cruz.