Energy & Oil

Friday, January 27th 2012 - 02:44 UTC
Falklands’ oil industry says first round of exploration was “hugely successful”

Falklands’ oil industry sources said the round of oil exploration began in 2010 with the “Ocean Guardian” rig and just concluded, involving Rockhopper Exploration and Desire Petroleum, was “hugely successful” with several major oil and gas discoveries.
Monday, January 23rd 2012 - 17:19 UTC
US oil company makes 1.6bn dollars offer for Falklands’ Rockhopper: shares soar

Rockhopper Exploration Plc shares surged in London trading following a report that Texas based Anadarko Petroleum Corp. is in talks with the only company to have made a commercial oil discovery off the Falkland Islands.
Monday, January 23rd 2012 - 17:00 UTC
UK offshore drilling activity in UK waters fell to its lowest since 2003

Offshore drilling activity in UK waters fell by a third last year to its lowest level since 2003, going against a trend of increased exploration and appraisal activity in the rest of north-west Europe, according to a new report.
Monday, January 23rd 2012 - 16:47 UTC
Repsol-YPF begins exploratory drilling off Cuba closet o the Florida Keys

A large oil rig has arrived off the coast of Cuba to begin searching for offshore oil deposits. Several international companies will use the rig to drill exploratory wells in deep water in the Florida Strait, which separates Cuba from the US.
Monday, January 23rd 2012 - 15:00 UTC
Cairn Energy sells 30% of stake in Greenland licence to Norway’s Statoil

British Oil explorer Cairn Energy has sold off a 30% stake in one of its Greenland exploration licences to Norwegian group Statoil. It is part of Cairn's plan to bring in a partner in to share the costs of exploration in the Arctic.
Monday, January 23rd 2012 - 04:30 UTC
A woman of gritty character will head Brazil’s largest corporation, Petrobras

Maria da Gracas Foster, (58), will be head of Brazil’s largest corporation, Petrobras as of next February. This is the first time that the Brazilian oil corporation among the largest in the world will have a woman as CEO.
Sunday, January 22nd 2012 - 05:44 UTC
Falklands confirms second oil rig has reached the Islands; spudding planned for Monday

Falklands oil industry sources confirmed that the semi-submersible Leiv Eiriksson oil exploration rig has reached Falklands’ waters and should be spudding its first well next Monday.
Saturday, January 21st 2012 - 05:38 UTC
Argentine industry requests postponement of the new imports scheme

Argentine manufacturers have requested the administration of President Cristina Fernandez to delay the implementation of the new imports scheme which is scheduled to begin next February first fearing it could cause delays in the supply of non local inputs.
Wednesday, January 18th 2012 - 02:47 UTC
Chile’s ENAP plans to drill 15 hydrocarbons exploratory wells in Tierra del Fuego

Chile’s government owned oil and gas company ENAP presented this week the environmental impact study for an exploratory drilling round in the Province of Tierra del Fuego which includes fifteen wells and will demand an investment of 30 million dollars.
Monday, January 16th 2012 - 18:30 UTC
Chile with 50% hydro power by 2034, but serious energy shortages in 2015

President Sebastián Piñera announced a 20-year plan for Chile’s energy needs at the annual energy dinner in front of the country’s top executives in the electricity sector. The president said the plan aims to create “a cleaner energy, that is safer, more economical and that agrees with the energy requirements of our country.”