Argentina’s Offshore Oil Hopes

Wednesday, December 19, 2007
Celebrations will be bittersweet this month when Argentina commemorates its hundredth year of oil production. Although the industry has served Argentina well since oil was first discovered in December 1907, reserves and production have been falling since output peaked at 890,000 barrels per day back in 1998. While pessimists say the decline is irreversible as the prolific Neuquen and Golfo San Jorge onshore basins are declining, a number of industry experts – not to mention government planners – believe the country’s untapped offshore potential could boost the industry to new highs. Unfortunately, government control and a dearth of information on offshore blocks means their potential will not be known for years. Source: Energy Tribune

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

2016 a Busy Year for VLCC Deliveries - BIMCO

When it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe, 2016 is off to a flying start. Six

U.S. Okays ConocoPhillips Alaska LNG Exports

The U.S. Department of Energy approved ConocoPhillips' application to export about 40 billion cubic feet of natural gas from its Kenai liquefied natural gas export

Gamesa, Siemens Negotiating Wind Merger Terms

German engineering group Siemens and Spanish renewable energy group Gamesa are in final negotiations on a deal to merge their wind power assets, two sources familiar

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0569 sec (18 req/sec)