Energy & Oil

• 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.

• Wednesday, February 15th 2012 - 05:37 UTC

  Red Ensign vessel unloads LNG in Argentina

  

  In the midst of the diplomatic escalation between Argentina and the UK over the Malvinas dispute and the coming 30th anniversary of the Falklands conflict, a red ensign Liquefied Natural Gas Carrier (LNGC) docked in Argentina.

• Wednesday, February 15th 2012 - 05:32 UTC

  Argentina on the verge of “unprecedented energy shortage”, say former ministers

  

  Argentina’s Energy Institute, IAE, warned that the country faces an “unprecedented energy crisis” with strong drops in hydrocarbons reserves, production and the loss of self sufficiency.

• Wednesday, February 15th 2012 - 00:37 UTC

  Uruguay signs first hydrocarbons on-shore exploration contract with US company

  

  Uruguay’s hydrocarbons refining company Ancap signed on Tuesday an agreement with US company Schuepbach Energy to begin exploration for oil and gas in the north and centre of the country.

• Wednesday, February 8th 2012 - 06:10 UTC

  Repsol-YPF CEO holds “positive and constructive” meeting with Argentine officials

  

  The Buenos Aires media revealed late Tuesday that Antonio Brufau, CEO from Repsol-YPF, which has a dominating position in the oil and gas market in Argentina met with top officials from the President Cristina Fernandez administration.

• Tuesday, February 7th 2012 - 16:57 UTC

  Oil rig operating in the Falklands signs three year contract off Norway

  

  A consortium of companies appears to be spending a large day-rate on an Ocean Rig unit which has been fixed for a firm three years off Norway. The semi-submersible Leiv Eiriksson, currently operating in Falklands waters has been wrapped up for a 15-well program over a minimum of 1070 days on the Norwegian Continental Shelf, Greek rig owner Ocean Rig said on Monday.

• Monday, February 6th 2012 - 21:59 UTC

  Argentina puts pressure on YPF: wants oil companies with long term investments

  

  Vice President Amado Boudou brushed aside ‘Repsol-YPF nationalization rumours’ and said Argentina is interested in oil companies that make long term investments and don’t fall prey of short term financial profits.

• Sunday, February 5th 2012 - 07:47 UTC

  Brazil strikes onshore light oil in the Amazonas state; record oil and gas in 2011

  

  Brazil's state-controlled oil company Petrobras announced last week it had struck good-quality light oil in the Solimoes Basin, in the state of Amazonas.

• Friday, February 3rd 2012 - 18:25 UTC

  Shell announces major investment drive to boost falling production

  

  Royal Dutch Shell has said it will launch a major investment drive in an effort to boost falling production. The oil giant said it would spend 30bn dollars on new oil and gas projects this year, compared with 24bn in 2011.