• 3 minutes China's aggression is changing the nature of sovereignty.
  • 8 minutes Will Variants and Ill-Health Continue to Plague Economic Outlooks?
  • 11 minutes Europe gas market -how it started how its going
  • 1 min GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 hours The Fascist Dictatorship called Russia under Dictator for Life Putin
  • 19 hours Russia, Ukraine and "2022: The Year Ahead"
  • 18 hours Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 4 hours FOREX. Currencies of oil-producing countries.
  • 2 days "Tackling One Of The Fracking Industry’s Biggest Problems" by Robert Rapier
  • 3 days Energy Storage Could Emerge As The Hottest Market Of 2022
  • 3 days January 23rd - Washington D.C. and Brussels - Demonstrations Against Tyranny
  • 2 days NordStream2
  • 2 days Following the Big Money
Russia's Increasingly Aggressive Geopolitical Maneuvering

Russia's Increasingly Aggressive Geopolitical Maneuvering

An ever-emboldened Russia is becoming…

The Nickel Supply Squeeze Could Send Prices Even Higher

The Nickel Supply Squeeze Could Send Prices Even Higher

Growing demand for electric vehicles…

Uruguay Could Have Significant Recoverable Natural Gas Reserves

According to recent reports published by the U.S. Energy Information Agency, Uruguay could have recoverable natural gas reserves as high as 588 billion cubic meters, which would give it the region’s sixth largest potential natural gas assets.

Another report from the U.S. government two months ago states that Uruguay’s north basin alone, next to adjacent Brazilian fields, has a potential capacity of 368 billion cubic meters of “technically recoverable” natural gas, MercoPress news agency reported. Besides its north basin, the U.S. government report adds that Uruguay’s Denovian Cordobes formation could contain possible oil reserves of up to 500 million barrels.

U.S. company Schuepbach has a two year contract to survey Uruguay’s north basin with Uruguay’s government owned oil corporation Administracion Nacional de Combustibles, Alcohol y Portland, or ANCAP. While the Schuepbach contract expires later this month, ANCAP intends to begin exploratory drilling in the area before the first quarter of 2012.

Speculation mounted about Uruguay’s potential natural gas reserves after former President Tabare Vazquez announced a major gas find on his official Web site in June 2008 located about 90 miles off Uruguay's southern Atlantic coast near the city of Punta del Este.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News