Energy & Oil

Thursday, March 29th 2012 - 04:13 UTC
It’s official now: Argentine oil and gas production continues to fall

Argentina oil output during the month of January dropped 4.21% compared to a year ago while natural gas was down 0.11%, according to the latest official data from the Energy Secretary.
Wednesday, March 28th 2012 - 00:36 UTC
Argentina again warns Repsol-YPF as provinces terminate production concessions

Amidst raising tensions between the Argentine government and Spain’s Repsol-YPF oil company, Interior Minister Florencio Randazzo warned on Tuesday that the administration led by President Cristina Fernández will take “all necessary measures to guarantee the country's energy self-supply”.
Tuesday, March 27th 2012 - 11:34 UTC
Peru ‘one step away’ from ensuring cheap gas supply for the domestic market

President Ollanta Humala announced Peru was “one step away” from reaching a deal with the consortium developing Block 88 of the huge Camisea gas field. The deal would ensure cheap fuel for Peru, for the next 25 to 30 years, reported the official news agency Andina.
Monday, March 26th 2012 - 09:23 UTC
Relief for Dublin? Ireland on the verge of becoming significant producer of oil

The euphoria around a small-to-medium oil discovery off the southwest coast of Ireland may be overblown but the country could yet become a significant producer if it can replicate the drilling success in much deeper waters to the west
Monday, March 26th 2012 - 09:18 UTC
BP given permission to drill controversial deep-water well west of Shetland

Oil giant BP has been given consent to drill a controversial deep-water well west of Shetland. The North Uist well is about 125km to the north west of the islands, at a depth of nearly 1,300m. The UK government's Department of Energy and Climate Change (DECC) said it had thoroughly examined BP's environmental impact and emergency response plans.
Monday, March 26th 2012 - 08:30 UTC
Argentina to raise oil export price to 63 dollars per barrel from the current 42

Argentina’s Energy Secretary Daniel Cameron will propose that oil prices for export be raised to 63 dollars per barrel from the current 42 dollars, the Argentine newspaper La Nacion reported Sunday on its website.
Monday, March 26th 2012 - 08:18 UTC
Argentine province of Salta joins the pack and revokes YPF oil concessions

As was anticipated yet another Argentine province, Salta, announced Sunday its decision to revoke a concession from Spanish held oil company YPF. The governor from the north-west province of Salta, Juan Manuel Uturbey, and a close ally of President Cristina Fernandez, announced his decision to revoke oil company YPF concession of the Tartagal Oeste area and his intention to include it in a list of areas that will be put out to tender.
Sunday, March 25th 2012 - 10:56 UTC
Argentina begins legal actions against oil companies operating in the Falklands

The Argentine Government announced on Saturday it had begun the legal proceedings put together with the AFIP tax agency against five British oil companies, accusing them of “carrying out illegal operations” in the Falklands/Malvinas Islands.
Friday, March 23rd 2012 - 23:11 UTC
Another Argentine province cancels oil concessions to Spain’s held YPF

The Argentine province of Mendoza joined on Friday other oil producing areas of the country in cancelling concession contracts which has been awarded to the Spanish owned oil corporation Repsol-YPF, with which the government of President Cristina Fernandez is involved in a controversy over long term investment.
Thursday, March 22nd 2012 - 22:10 UTC
Argentina warns UK and US market regulators about ‘illicit’ oil activities in the Falklands

Argentina has asked British and US market regulators to probe whether oil companies that are involved in hydrocarbons exploration off the disputed Falklands/Malvinas Islands have told investors about the risks of their “illicit” drilling, the Argentine Foreign Ministry reported.