Spanish company Repsol has announced that it would consider taking legal action against investors in YPF in retaliation for the Argentinian government’s controversial expropriation of the company.
Reports reveal that Iran has had to shut down one of its oil terminals in the wake of a cyber attack upon the internal computer systems at the national oil ministry.
Egypt has terminated it’s gas supply contract with Israel, EMG has called the attempt unlawful and is seeking arbitration.
Total has begun production at the Greater Bongkot South field in the Gulf of Thailand, gas will be exported directly into PTT’s gas grid and the condensate will be taken off by an FSO at the Greater Bongkot North field.
The exploration company, Borders & Southern has announced a “significant” gas condensate discovery off the Southern coast of the Falklands.
In a bid to boost production, Brazil’s state-run giant Petrobras has laid out plans to invest US$ 500 million in Argentinian projects.