Energy & Oil

• Thursday, March 1st 2012 - 04:34 UTC

  Argentine government preparing legal framework to grab YPF from Spain’s Repsol

  

  The government of President Cristina Fernandez is preparing the legal framework to take control of Spain’s Repsol-YPF subsidiary in Argentina which it has accused of not investing sufficiently and has triggered a round of discussions with the Spanish corporation’s top official, reports the Buenos Aires media.

• Tuesday, February 28th 2012 - 01:58 UTC

  Mercosur/Gulf states closer to trade agreement but leaving petrochemicals for later

  

  Brazil is eager to finalize a free trade agreement between the GCC (Gulf Cooperation Council) and the Mercosur bloc but believes the petrochemicals sector will be exempted until further study after the signing, said Brazilian Trade and Industry Minister Fernando Pimentel.

• Tuesday, February 28th 2012 - 01:51 UTC

  YPF feeling the noose from Argentina; Madrid doing its best to defend Spanish interest

  

  Foreign Affairs minister Jose Manuel García-Margallo assured that the Spanish government “is doing what must be done” to defend the interests of Spanish companies in Argentina, but has avoided releasing details.

• Monday, February 27th 2012 - 19:56 UTC

  Repsol-Sinopec makes huge oil discovery off-shore Brazil: 250m boe

  

  Spain's Repsol and China's Sinopec have made an oil discovery offshore Brazil that could be one of the biggest so far in the area and that boosted confidence that across in Africa, Angola's deepwater reserves may be abundant too.

• Wednesday, February 22nd 2012 - 02:50 UTC

  US and Mexico agree to develop deep-water oil and gas fields in the Gulf of Mexico

  

  US and Mexico have agreed to work together to develop deep-water oil and gas fields that straddle their maritime border in the Gulf of Mexico. The deal was signed at a meeting of the G20 group of industrial and developing countries in Los Cabos, Mexico.

• Wednesday, February 22nd 2012 - 02:42 UTC

  Falklands’ government oil revenue of 180bn, only the ‘best case’ scenario

  

  The Falkland Islands Director of Minerals Stephen Luxton said that estimates published last week in the UK, of revenue of 180 billion dollars for the Falklands Government from oil production are only a “best case” scenario since in spite of great potential, the only true test is the drill bit.

• Tuesday, February 21st 2012 - 20:46 UTC

  Falklands’ Desire Petroleum participating at North American Prospect Expo in Houston

  

  Falklands’ oil explorer Desire Petroleum Plc (AIM:DES) will be making presentations this week at the North American Prospect Expo (NAPE) in Houston.

• Saturday, February 18th 2012 - 00:15 UTC

  Argentina now takes Falklands’ dispute to satellite imagery

  

  The Argentine newspaper Ambito Financiero reported on Friday, without revealing sources, that oil exploration rig Leiv Eiriksson, contracted by two oil companies to drill to the south of the Falkland Islands “was found, on Thursday, exploring in Argentine waters”, according to ‘irrefutable’ satellite images.

• Friday, February 17th 2012 - 03:59 UTC

  UK analysts says Falklands’ oil industry could be worth 180 billion dollars in royalties and taxes

  

  A leading UK market and investment analyst, Edison Investment Research looks at the prospects of the Falkland Islands oil industry and suggests the industry could be worth 180 billion dollars in royalties and taxes.

• Thursday, February 16th 2012 - 05:09 UTC

  Argentina fines YPF for un-paid tax bill further straining relation with the industry

  

  Argentina’s largest energy company YPF, dropped the most in the Buenos Aires Stock Exchange’s leading share index on Wednesday after the federal tax agency banned it from importing and exporting because of an unpaid tax bill.