Tag: ANCAP

• Friday, June 20th 2014 - 06:50 UTC

  Uruguay advances details of third oil and gas bid round Punta del Este basin

  

  Uruguay has released a draft map of four ultra-deepwater and seven shallow-water blocks in the Punta del Este-Atlantic basin that will be on offer in the country’s third oil and gas bid round next year, officials said in Moscow this week, according to the oil and gas site Upstream.

• Monday, February 17th 2014 - 09:42 UTC

  Uruguay and Venezuela will further increase energy related cooperation

  

  Uruguay will renew the contract for the purchase of Venezuela oil and accept the stake increase of that country in a local bio-fuels corporation during the scheduled visit of President Nicolas Maduro to Montevideo next month; it was announced by the Uruguayan Foreign affairs ministry.

• Monday, February 17th 2014 - 09:09 UTC

  Uruguay's budget surplus reached 2.3% of GDP in 2013

  

  Despite a decade of sustained growth Uruguay's fiscal deficit reached 2.3% of GDP last year, which is an improvement over 2012, when it reached 2.8%, but above the government's target of 2.1%. In money terms this means the budget red was equivalent to 1.154bn dollars, including 350 million dollar losses from government owned companies.

• 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, October 31st 2013 - 04:05 UTC

  Shell aggressively quickening offshore oil exploration pace in Uruguay

  

  Oil exploration in Uruguay picked up strongly with the arrival of Anglo-Dutch Shell which took over Brazil's Petrobras participation in two offshore blocs according to the country's oil company Ancap Exploration and Production manager Hector de Santa Ana.

• Wednesday, October 9th 2013 - 05:33 UTC

  French Total signs to explore for oil to the north of Uruguay

  

  French energy giant Total signed on Tuesday a deal with Uruguay’s oil company Ancap to search for oil in the northern counties of Artigas and Salto in an area of 6.200 square kilometres.

• Sunday, October 6th 2013 - 06:51 UTC

  Petrobras sells to Shell two oil prospects offshore Uruguay

  

  Brazil’s state-run oil company Petrobras approved the sale of the company's stake in two oil prospects in Uruguay's Punta del Oeste Basin to Royal Dutch Shell Plc for 17 million dollars, according to a filing late on Friday. The two prospects are identified as Blocks 3 and 4.

• Wednesday, August 28th 2013 - 01:22 UTC

  Mujica and Cristina Fernandez seal peace at a de-sulphuring plant inauguration

  

  Uruguay and Argentina presidents Jose Mujica and Cristina Fernandez seem to have ironed out differences, at least in public and in the pictures, during the inauguration of a gasoline and diesel de-sulphuring plant in Montevideo, which was financed with Venezuelan funds and Argentine technology.

• Tuesday, August 13th 2013 - 02:14 UTC

  Uruguay announces on-shore oil “scientific confirmation” but with no commercial certainty

  

  The Uruguayan government announced the discovery of free hydrocarbons liquids in core samples next to source rocks in the northern county of Salto at a depth of 450 metres, which seems to be similar to another discovery two years ago.

• Tuesday, July 16th 2013 - 20:10 UTC

  Total plans to spud first exploratory well in Uruguay’s continental shelf in 2015

  

  The French oil and gas company Total confirmed that at the beginning of 2015 it will spud its first exploratory well in deep waters of the Uruguayan continental shelf, according to Juan Gomez, one of directors from the country’s fuel company Ancap.