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Tag Results for "Oil Resources"
Argentina Strives to be Oil Independent by 2020
March 17, 2013 | by HS News Staff | Latino Daily News
YPF, the oil company controlled by the Argentine state following the expropriation of a 51 percent stake in the corporation from Spain's Repsol, has set the goal of achieving energy independence, an objective that could be met in "five or six years," CEO Miguel Galuccio said. continue reading »
Italian Firm, Venezuela’s PDVSA To Begin Production at Orinoco Field
March 14, 2013 | by HS News Staff | Latino Daily News
State-owned oil giant Petroleos de Venezuela, or PDVSA, and Italy's Eni have commenced production ahead of schedule at their joint venture in the Orinoco Belt, while other projects with China's CNPC and U.S. supermajor Chevron Corp. should start producing crude soon, Oil Minister Rafael Ramirez said. continue reading »
Pemex’s Crude Output Up 1.6 percent
March 3, 2013 | by HS News Staff | Latino Daily News
Mexican state-owned oil monopoly Petroleos Mexicanos said it produced an average of 2.56 million barrels of crude per day in January, a 1.6 percent increase over the same month of 2012. continue reading »
Venezuela, Russia Strengthen Alliance with Oil Agreements
January 30, 2013 | by HS News Staff | Latino Daily News
Venezuelan state-owned oil company PDVSA has signed a series of offshore gas development and drill-rig import agreements with Russian state-controlled Rosneft, bolstering an alliance with a country that Caracas expects will be its top oil partner by 2021. continue reading »
Australia Discovers Shale Formation Containing Over 200 Billion Barrels of Petroleum
January 24, 2013 | by HS News Staff | Latino Daily News
A shale formation containing up to 233 billion barrels of petroleum was found in central Australia by Linc Energy, media reports said Thursday. continue reading »
Pemex Prepares to Lay Off 15,000 in Mexico
January 16, 2013 | by HS News Staff | Latino Daily News
State-owned oil giant Petroleos Mexicanos, or Pemex, plans to cut at least 15,000 jobs as part of a reorganization, press reports said. continue reading »
Spain’s Repsol Begins Oil Production at “Megafield” in Brazil
January 9, 2013 | by HS News Staff | Latino Daily News
Spanish oil major Repsol has begun commercial production at the pre-salt Sapinhoa "megafield" after connecting a producing well to an FPSO with the capacity to extract 120,000 barrels of oil per day. continue reading »
Petrobras Announces Oil Find Off of Brazilian Coast
January 5, 2013 | by HS News Staff | Latino Daily News
Brazilian state-controlled oil giant Petrobras announced a new oil discovery in ultra-deep waters of the Atlantic Ocean. continue reading »
Venezuela’s Carabobo Field Begins Oil Production
December 28, 2012 | by HS News Staff | Latino Daily News
The first well in the Carabobo field of Venezuela's oil-rich Orinoco Belt began pumping extra-heavy crude after a launch ceremony attended by the country's energy minister and the CEO of Spain's Repsol, a partner in the project. continue reading »
Mexico Sets Oil Price at $86 per Barrel in 2013
December 23, 2012 | by HS News Staff | Latino Daily News
The government has purchased options to cover crude exports at a price of $86 per barrel and ensure it meets the targets set in the Revenue Law, the Mexican Finance Secretariat said. continue reading »
Pacific Rubiales Reaches Daily Production Goal of 280,000 Barrels in Colombia
December 20, 2012 | by HS News Staff | Latino Daily News
Canadian oil company Pacific Rubiales Energy said Wednesday it has reached its 2012 production target of 280,000-285,000 barrels of crude per day in Colombia despite licensing delays. continue reading »
Colombia’s Ecopetrol to Invest $9.5 Billion in 2013
December 16, 2012 | by HS News Staff | Latino Daily News
Colombian state oil company Ecopetrol announced plans to invest more than $9.5 billion in 2013 as it strives to boost output to 1 million barrels per day by 2015. continue reading »
Petrobras Announces Deep-water Oil Find in Brazil
December 6, 2012 | by HS News Staff | Latino Daily News
State-controlled oil company Petrobras on Wednesday announced a new light oil find in ultra-deep waters off Brazil's northeastern coast. continue reading »
Colombia Expects $2.6 Billion Investment From 49 Oil Blocks
November 23, 2012 | by HS News Staff | Latino Daily News
Colombia's National Hydrocarbons Agency, or ANH, has awarded 49 oil exploration and production blocks in an auction and said it expects the winning bidders to invest some $2.6 billion over the next six years. continue reading »
Oil Firm Plans to Invest $3 Billion in Southern Argentina
November 17, 2012 | by HS News Staff | Latino Daily News
Argentine oil company YPF, under state control after a 51 percent stake was expropriated from Spain's Repsol, said it plans to invest $3.1 billion over the next five years in the southern province of Santa Cruz. continue reading »
Colombian Oil Output Up 10,000 Barrels Per Day From Last Year
November 8, 2012 | by HS News Staff | Latino Daily News
Average oil output in Colombia climbed to 960,953 barrels per day in October, up 0.9 percent from the same month of 2011, the Mines and Energy Ministry said. continue reading »
Venezuela’s PDVSA Unable to Find Oil in Cuban Waters
November 3, 2012 | by HS News Staff | Latino Daily News
A well drilled by Venezuelan state oil giant PDVSA in Cuban waters of the Gulf of Mexico also has turned up dry, the Communist-ruled island's official media reported Friday. continue reading »
Pemex Up $2.45 Billion Since Beginning of 2012
October 31, 2012 | by HS News Staff | Latino Daily News
State-owned oil giant Petroleos Mexicanos, or Pemex, said it posted a net profit of 31.9 billion pesos (about $2.45 billion) in the first nine months of this year, marking a turnaround from the loss posted in the same period in 2011. continue reading »
New Oil Blocks to be Actioned in Ecuador’s Amazon Region
October 20, 2012 | by HS News Staff | Latino Daily News
Ecuador will auction contracts for new Amazon oil blocks believed to contain as much as 1.6 billion barrels, Non-Renewable Natural Resources Minister Wilson Pastor said Friday. continue reading »
Mexico Researches Non-conventional Oil and Gas Resources
October 12, 2012 | by HS News Staff | Latino Daily News
Mexico plans to invest 3.13 billion pesos (some $242 million) in a project that will use state-of-the-art technology to assess the nation's prospective non-conventional oil and gas resources, the Energy Secretariat said. continue reading »
