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 Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

Britain to Ban Fracking in National Parks

Britain said on Monday it would ban fracking in national parks, reversing a policy announced last year, in a concession to the opposition Labour Party which had

Libya Forces Tanker Away from Supplying Rival Government

Libya's recognized government said it forced a tanker from delivering fuel to its rival administration, diverting the vessel to its own territory by threatening an air attack on it.

BP Freezes Pay in 2015 to Cut Costs

BP is freezing base pay across the group this year, the latest in a series of steps by oil majors to cut costs in response to sinking oil prices.   Over the past year,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1523 sec (7 req/sec)