Tag: oil

• Friday, August 31st 2012 - 04:08 UTC

  YPF tempting global oil industry heavyweights with ‘Vaca Muerta’ shale formation

  

  Exxon-Mobil Corp. and Apache Corp. will hold talks with Argentina's YPF next month to discuss further investments in the country's Vaca Muerta shale formation, said a YPF official briefed on the matter.

• Thursday, April 26th 2012 - 01:33 UTC

  Argentina warns Falklands’ oil companies of May 2 deadline when legal actions begin

  

  Argentina once again warned oil companies considered by the Government to be “illegally operating” in the Falklands/Malvinas Islands, and reiterated it will press charges against them unless they justify their actions before next Wednesday, May 2.

• Friday, March 16th 2012 - 19:05 UTC

  Falklands tells Argentina latest intimidation and bullying efforts are entirely counter-productive

  

  The elected government of the Falkland Islands said on Friday it regrets the latest attempt by the Argentine government to economically undermine the Islanders way of life, which is yet another example of intimidation and bullying towards a country of 3.000 people.

• Saturday, January 14th 2012 - 06:13 UTC

  Chevron, Repsol and Statoil to drill offshore Newfoundland and Labrador

  

  Chevron Canada Ltd., a big player in Canada's offshore oil industry, has struck a deal with Norwegian and Spanish oil companies to carry out exploration off the coast of Atlantic Canada.

• Tuesday, December 13th 2011 - 08:46 UTC

  Falklands oil exploration update

  

  Desire Petroleum plc (AIM:DES) the exploration company wholly focused on the North Falkland Basin notes the announcement made today by Rockhopper Exploration plc (“the Operator”) regarding the 14/15-4 well. Desire has a 40% carried interest in this well.

• Monday, November 21st 2011 - 07:16 UTC

  Ecuador says it is breaking oil daily production record

  

  State-owned oil company Petroecuador said it broke its daily production record on Tuesday 15 November, pumping 156.359 barrels of crude on that day. Production from Jan. 1 to Nov. 8 totalled 47,096,086 barrels of crude, Petroecuador said in a report.

• Tuesday, November 15th 2011 - 06:54 UTC

  Consortium announces major ‘high quality’ oil discovery off the Brazilian coast

  

  Repsol, Spain's biggest oil group said Monday it has made a new oil discovery off the coast of Brazil together with Chinese partner Sinopec, Britain's BG Group and Brazil's Petrobras.

• Thursday, October 27th 2011 - 16:16 UTC

  Drilling program in central Argentina makes three oil discoveries

  

  Petrogas announced three conventional oil discoveries from the recently-completed exploration drilling program on the Rinconada Norte block (96 sq. km. or 37 sections) located in La Pampa Province in the eastern margin of the Neuquén Basin of Argentina.

• Friday, October 14th 2011 - 08:03 UTC

  Argos raises prospective resource by 182% to 2.1 billion barrels of oil

  

  Argos Resources Limited (AIM: ARG.L), the Falkland Islands based exploration company focused on the North Falkland Basin, is pleased to issue a new Competent Persons Report (“CPR”) prepared by Senergy (GB) Ltd (“Senergy”).

• Tuesday, October 11th 2011 - 07:48 UTC

  China to increase oil and sales tax (5 to 10%) to reduce consumption

  

  China will expand a tax on oil and natural gas sales to the entire country as of November first to try and reduce consumption. The tax will be 5-10% of sales, the State Council said Monday.