Investments

Friday, February 14th 2014 - 21:22 UTC
Total to drill first exploratory well in Uruguay's shelf in October 2015

French oil giant Total will be drilling its first well in Uruguay's continental shelf in October 2015, announced the president of the country's oil and gas government owned company ANCAP. Jose Coya also revealed that the company he leads is working on the third Uruguay Round which will implement in the last quarter of next year.
Thursday, February 13th 2014 - 19:30 UTC
The Golden Age of Gas, Possibly: Interview with the IEA

The potential for a golden age of gas comes along with a big “if” regarding environmental and social impact. The International Energy Agency (IEA)—the “global energy authority”--believes that this age of gas can be golden, and that unconventional gas can be produced in an environmentally acceptable way.
Thursday, February 13th 2014 - 03:11 UTC
YPF buys Houston based Apache's operations and assets in Argentina

Argentina's YPF agreed on Wednesday to pay 852 million dollars for all of Apache operations and assets in the country, making the government managed company the largest operator of natural gas.
Tuesday, February 11th 2014 - 08:04 UTC
Jaguar Land Rover profits soar on sales of XJ and XF models and Range Rover

Profits at luxury car maker Jaguar Land Rover (JLR) more than doubled in the last three months of 2013. The UK company made profits of £842m, up from £404m for the same quarter in 2012, on revenues of £5.3bn.
Monday, February 10th 2014 - 03:23 UTC
Falkland Islands' Fortuna incorporates MSC ice-class longliner 'Tronio'

Fortuna Ltd, one of the Falkland Islands leading fishing companies announced the incorporation to their Falklands registered fleet of the 55-meter ice class longliner 'Tronio', specifically designed for ice fishing in Antarctica.
Friday, February 7th 2014 - 06:52 UTC
Falklands oil industry: Premier ratifies its commitment to develop Sea Lion

Britain's Premier Oil said it was seeking a partner for an oil development in the Falkland Islands in order to reduce its exposure to the 5.2 billion dollar project and make higher payouts to shareholders.
Thursday, February 6th 2014 - 05:22 UTC
BP warns of 'big uncertainties' over possibility of Scotland becoming independent

Oil giant BP boss Bob Dudley has warned there are “big uncertainties” for the company over the possibility of Scotland becoming independent. Mr Dudley told the BBC the “question mark” over which currency Scotland might adopt if there was a 'yes' vote in September's referendum was “a concern”.
Thursday, February 6th 2014 - 01:00 UTC
Panama Canal expansion halted; Spanish consortia says a 'final offer' has been made

A dispute over a 1.6 billion dollar cost overrun in the Panama Canal's expansion took a new twist Wednesday after a Spanish company leading the project denied it halted work over the spat.
Wednesday, February 5th 2014 - 22:59 UTC
US, the world's largest producer of oil approves licenses to export crude to Europe

The United States government has approved at least four licenses to export crude oil to Europe, for the first time in years, showing how companies are breaking through the limits of the export ban established in the 1970s, according to Reuters which learned about the fact from a Freedom of Information Act request.
Wednesday, February 5th 2014 - 08:21 UTC
Falklands' oil industry developer Premier CEO steps down

Shares in UK's Premier Oil, which has interests in developing Falkland Islands oil, soared almost 9% on Tuesday despite news that its chief executive is to step down after nine years at the helm. Simon Lockett will leave his position and the board of Premier once a successor has been appointed.