Energy & Oil

Energy & Oil
Monday, May 10th 2010 - 18:44 UTC

Falklands’ Oil Discovery Announcement Has Rockhopper Shares up 32% Monday

The oil exploration rig “Ocean Guardian” operating in Falklands waters

Shares in Rockhopper Exploration (LON:RKH) soared by 32% on Monday morning, after the latest results of its Sea Lion oil discovery in the Falkland Islands suggested a good quality reservoir.

Saturday, May 8th 2010 - 06:33 UTC

Petrobras Sets Monthly Record Oil Production in April: 2.033 Million bpd

Several platforms installed over the last 18 months helped boost output

Brazilian government managed oil and gas corporation Petrobras (SAO:PETR3) set a monthly record for oil production in April with 2.033 million barrels per day topping the previous record of 2.004 million bpd from September 2009, the company said Friday.

Saturday, May 8th 2010 - 01:23 UTC

Falklands’ Rockhopper “High Quality Reservoir” Oil Find Boosts Shares

Managing Director Samuel Moody promised a flow test for Sea Lion prospect

Rockhopper Exploration (LON:RKH) oil discovery in the Falklands Islands is of “good” quality said on Friday a release from the company. The announcement had a positive impact on shares of all Falklands’ oil explorers.

Thursday, May 6th 2010 - 20:02 UTC

New Natural Gas Discoveries in the Extreme South of Chile

The Methanex plant in Punta Arenas avid for natural gas

Argentine based GeoPark Holdings (LON:GPK) has reported the successful testing of two new wells on the Fell Block in southern Chile.

Thursday, May 6th 2010 - 13:45 UTC

Oil Exploration Data Indicates the First Oil Discovery in the North Falklands Basin.

Phyl Rendell:  “We are really very very encouraged by the news”

In a press release from Rockhopper Exploration (LON:RKH), the company says “the North Falkland Basin oil and gas exploration company, is pleased to announce that well 14/10-2 on the Sea Lion prospect has reached a depth of 2,744 metres.”

Thursday, May 6th 2010 - 05:34 UTC

China’s Main Oil Corporation Closes 3.1 Billion Deal with Argentina’s Bridas

CNOOC specializes in offshore exploration and production

China National Offshore Oil Corporation, CNOOC (NYSE:CEO) Ltd said on Wednesday it had closed a 3.1 billion US dollars deal with Argentina’s Bridas Energy Holdings (BEH) to buy a 50% stake in Bridas Corporation, a wholly owned subsidiary of BEH.

Wednesday, May 5th 2010 - 22:03 UTC

Petrobras Argentina Sells Parts of its Assets to Kirchner Couple Close Friend

Cristóbal López, head of Oil Combustibles

Petrobras Energía (NYSE:PZE), Brazil’s government managed oil and gas corporation announced it will sell part of its assets in Argentina to Oil Combustibles SA for 110 million US dollars, including a refinery, gasoline stations and inventories.

Wednesday, May 5th 2010 - 21:19 UTC

France Demands “Fair and Prompt” Compensation for Bolivian Nationalizations

Bolivian soldiers stand watch next to the nationalized companies

France's government demanded “fair and prompt” compensation from Bolivia for the nationalization of a power plant half-owned by French utility GDF Suez (EPA:GSZ).

Friday, April 30th 2010 - 01:16 UTC

Repsol YPF Plans to Raise Cash to Keep Expanding in Brazil

The Spanish company CEO Antonio Brufau

Repsol YPF S.A. (BMAD:REP), Spain’s biggest oil company, is considering the sale of about 40% of its Brazil assets in an initial public offering as early as this year, company executives said Thursday on a conference call.

Wednesday, April 28th 2010 - 03:22 UTC

Falklands Military Base to be Powered by Wind, Following on Stanley’s Success

Falklands’ Power Station Manager Glenn Ross (Picture FIG)

Authorities at the Falkland Islands Mount Pleasant military base (MPC) have confirmed their interest in developing a wind farm that could bring the Falkland Islands Government (FIG) considerable benefits.

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