Energy & Oil

Energy & Oil
Thursday, December 3rd 2009 - 23:37 UTC

Exploration phase to bring financial benefit to Falklands private sector

Phyl Rendell advises caution about the coming drilling round

THE Falklands private sector is set to benefit financially from the next oil drilling round scheduled to begin early in February.

Wednesday, December 2nd 2009 - 22:37 UTC

Falklands’ oil reserves “to help British economy”, says Telegraph

An estimated £ 327 million are being poured into the offshore projects

Under the headline of “Falkland Islands oil reserves 'to help British economy'” the Telegraph points out that four British oil companies are exploring to the north and south of the Islands and that the British financial sector is pouring “around £ 327 million into the offshore projects”.

Wednesday, December 2nd 2009 - 05:38 UTC

Repsol-YPF makes major oil discovery in Neuquen basin

Spain’s Repsol YPF confirmed in Buenos Aires local media reports that it has hit oil in Argentina's Neuquen province, but the potential from the well has still not been technically certified, a company spokesman said.

Tuesday, December 1st 2009 - 12:51 UTC

Falkland Islands Holdings nets £ 3.1 million with FOGL shares sale

Falklands prepares for a busy drilling summer

Services group Falkland Islands Holdings has reduced its stake in Falkland Oil and Gas Ltd, the oil and gas exploration company focused on licence areas to the South and East of the Falkland Islands.

Saturday, November 28th 2009 - 05:15 UTC

Brazil still recovering from major outage, suffers blackout in Olympic city Rio

Power outages threaten Brazil’s reputation

Brazil has endured another major blackout and officials remain unclear what is causing the problem. Higher-scale Rio de Janeiro beach neighbourhood earlier in the week suffered an outage forcing employees to be sent home as restaurants and other businesses disposed of spoiled food.

Friday, November 27th 2009 - 11:16 UTC

Norway opens world’s first osmotic power plant prototype

Electricity is produced from mixing fresh and salty waters

Norwegian renewable energy giant Statkraft has switched on the world's first osmotic power plant prototype - using a technology which produces electricity from a process which mixes fresh water and salty sea water.

Friday, November 27th 2009 - 08:57 UTC

Falklands’ exploratory oil drilling season takes off

FOGL CEO Tim Bushel delighted with share placing

Falkland Oil & Gas Ltd. and Explorers Borders & Southern Petroleum are set to boost their coffers via share sales, with the cash earmarked for drilling work off the Falkland Islands, reports Upstreamonline. Oil rig “Ocean Guardian” left Scotland.

Friday, November 27th 2009 - 05:19 UTC

Spain’s Repsol only interested in selling minority stake in YPF

China’s National Petroleum Corporation is after the former Argentine government corporation

Spain's main oil company Repsol is not interested in selling more than a minority stake in its Argentine YPF unit, despite a report it had a new Chinese bid on the table for a majority holding.

Wednesday, November 25th 2009 - 10:05 UTC

Oil rig “Ocean Guardian” leaves on 62-day journey to the Falklands

“Ocean Guardian” will be operating offshore Falklands during several months

A tug boat is to haul a North Sea oil and gas exploration rig from a Highlands deep water port on a 62-day journey to the Falkland Islands. The “Ocean Guardian” rig will be used by Desire Petroleum to explore reserves in the North Falkland Basin.

Tuesday, November 24th 2009 - 12:57 UTC

Boeing 747 flies an engine with 50% bio-kerosene mix

The test took place during an hour over the Netherlands before landing at Schiphol

A Boeing 747, one of four engines powered by a 50% bio-kerosene mix, circled the Netherlands for an hour on Monday for what airline KLM called the world's first passenger flight using bio-fuel.


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