Displaying 1 - 10 of 32 articles
Canacol Energy Ltd. is pleased to announce that its wholly owned subsidiary, Carrao Energy Sucursal Colombia has entered into a farm-out agreement with ExxonMobil Exploration Colombia Limited, a wholly-owned subsidiary of ExxonMobil Corporation for the exploration of the Corporation’s...
YPF announced yesterday it has found unconventional shale oil and natural gas in Mendoza province, confirming the extension of the massive Vaca Muerta area. The exploration at the Payun Oeste and Valle del Rio Grande blocks pointed to an estimated one billion barrels of oil equivalent (boe) in unconventional...
Argentina's Neuquen province has huge untapped reserves of shale oil and gas and it will strip the country's biggest energy company YPF of two concessions due to insufficient investment. The move by Neuquen, which affects two unproductive areas, comes days after fellow Patagonian oil provinces Chubut...
Colombia expects this year’s auction of its unconventional oil and gas reserves to attract at least $500 million in investments. Royal Dutch Shell Plc, Exxon Mobil Corp., and Chevron Corp. have shown interest in Colombia’s reserves of gas trapped in shale rock and other unconventional...
Foreign energy leaders touted their countries’ potential for unconventional oil and gas production at the CERA Week 2012 energy convention in downtown Houston Tuesday, hoping to follow the United States’ boom in developing shale gas and tight oil resources. Officials from Colombia, Argentina...
Argentine provinces that are the biggest sources of oil and gas said Friday they will force energy companies to boost output by 15% or pull their concessions.The ultimatum from ten provincial governments is the latest salvo in an increasingly tense standoff between President Cristina Kirchner and the...
By Steve LeVineIf Venezuelan President Hugo Chavez is forced to drop his bid for re-election for health reasons, will the primary repercussion for the West be the exit of a voluble thorn in the side? Perhaps, but it will also mean the prospect of yet more newly available oil reserves -- on top of the...
James Heron for WSJ’s The Source takes a look at yesterday’s announcement that peak oil is dead thanks to shale oil and how, as a result, Canada and the U.S. may one day be self-sufficient, with similar promises for Argentina:Citigroup announced to the world Thursday that peak oil is dead. The controversial...
Argentina's biggest oil-and-gas company, YPF SA is unlikely to significantly boost shale oil and gas production anytime soon, analysts familiar with the company said Thursday.The pessimistic analysis comes a day after YPF dramatically raised its estimate for unconventional oil and gas resources to 22.
Kent Cambpbell, Saskatchewan's deputy minister of Energy and Resources, discusses the province’s 50-year history of safe hydraulic fracturing:The use of hydraulic fracturing or "fracking" by the oil and gas industry has received media attention in recent weeks, particularly in relation to its application...