Energy & Oil

Monday, November 21st 2011 - 14:31 UTC
Falkland Oil and Gas begins drilling in the second quarter of 2012

Falkland Oil and Gas (FOGL) confirmed on Monday it was holding talks with potential partners to look for oil and gas in the Falkland Islands and announced that the exploration rig slated to drill four wells in Falklands’ waters is expected in the Islands in late January 2012.
Monday, November 21st 2011 - 07:16 UTC
Ecuador says it is breaking oil daily production record

State-owned oil company Petroecuador said it broke its daily production record on Tuesday 15 November, pumping 156.359 barrels of crude on that day. Production from Jan. 1 to Nov. 8 totalled 47,096,086 barrels of crude, Petroecuador said in a report.
Monday, November 21st 2011 - 04:04 UTC
Chevron takes full responsibility for the oil spill offshore Brazil

Chevron promised to fully clean-up a spill off Brazil's coast, the CEO of the local subsidiary, George Buck, said on Sunday, taking responsibility for an accident that has become a major test for one of the world's fastest-growing oil frontiers.
Thursday, November 17th 2011 - 22:11 UTC
Brazilian federal police open a probe into an oil spill from a Chevron well

Brazilian federal police have opened a probe into US oil giant Chevron over alleged pollution linked to an oil spill at its offshore Frade project, local media reported Thursday.
Tuesday, November 15th 2011 - 23:09 UTC
Uruguay puts a 65 dollar per MW-hour cap for developing wind power projects

Uruguay won’t accept bids above 65 dollars a megawatt-hour from developers bidding to sell power from wind farms as concerns mount that rates have dropped too low.
Tuesday, November 15th 2011 - 06:54 UTC
Consortium announces major ‘high quality’ oil discovery off the Brazilian coast

Repsol, Spain's biggest oil group said Monday it has made a new oil discovery off the coast of Brazil together with Chinese partner Sinopec, Britain's BG Group and Brazil's Petrobras.
Monday, November 14th 2011 - 20:47 UTC
Brazil moves into Tanzania and will help increase power generation five-fold

Brazilian business and public contractor giant Odebrecht Company Limited, with top global businesses and operations across a wide variety of industries, has shown interest in undertaking the huge Stiegler's Gorge power project in Tanzania’s Rufiji river basin, according to “The East African” weekly.
Monday, November 14th 2011 - 07:13 UTC
Chevron halts drilling off the coast of Brazil following an oil-spill

Oil giant Chevron halted drilling of a well off the coast of Brazil as it looks into the possible causes of an oil spill in the region. Chevron said in a statement e-mailed that an oil sheen had appeared on the surface of the ocean near the Frade project it operates, which it attributed to oil seeps in the area.
Friday, November 11th 2011 - 08:20 UTC
Chinese main oil refiner takes over 30% of Portugal’s GALP in Brazil

China Petrochemical Corp., Asia's biggest refiner, agreed on Thursday to pay 3.54 billion dollars for a 30% stake in Galp Energia SGPS SA's Brazilian unit, in what is China's largest overseas energy acquisition this year.
Thursday, November 10th 2011 - 06:14 UTC
Uruguay claims Brazilian support in “fiscal haven” controversy with Sarkozy

A top Uruguayan official said the country has the support of Brazil regarding the controversy triggered when President Nicholas Sarkozy as host and ‘rapporteur’ of the recent G20 summit named Uruguay in the list of the world’s most notorious fiscal havens.