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