Energy & Oil

• Wednesday, September 21st 2011 - 05:52 UTC

  Spanish oil company takes the lead in super-fast analysis of seismic data

  

  Spanish oil major Repsol-YPF and the Barcelona Supercomputing Centre launched this week their new joint research centre aimed at speeding the analysis of seismic data.

• Tuesday, September 20th 2011 - 00:46 UTC

  Petrobras begins pumping natural gas from first pre-salt field of Santos Basin

  

  Brazil's energy giant Petrobras began pumping natural gas from the offshore Santos Basin on the new 216-kilometer Lula-Mexilhao pipeline Friday, the company said Monday in a statement.

• Monday, September 19th 2011 - 20:57 UTC

  Another Falklands company ‘on schedule’ to drill for oil in the next six months

  

  Falkland Islands exploration company Argos Resources released Monday morning interim results and CEO Ian Thomson told investors that the group is on schedule to be ‘drill ready’ in late 2011/early 2012 to begin off-shore exploration activities in the South Atlantic British Territory.

• Monday, September 19th 2011 - 20:36 UTC

  Foreign Office to meet Rockhopper investors over Falklands oil plans

  

  Britain will meet shareholders from explorer Rockhopper to discuss the Falkland Islands and the location for the company's proposed 2 billion dollars oil project based on recent discovery estimates.

• Sunday, September 18th 2011 - 12:26 UTC

  Falkland Islands: 2016 for oil says Rockhopper but Islanders cautious

  

  Rockhopper Exploration’s announcement this week that they expect to begin pumping oil in 2016, set the international media off on a further round of speculation about future wealth, but Falklands stakeholders and interested parties are taking a more cautious approach.

• Thursday, September 15th 2011 - 07:16 UTC

  Brazil mourns death of creator of the controversial ‘bio-diesel’

  

  Brazilian scientist Expedito Jose de Sá Parent, 70, who is considered the creator of bio-diesel died this week in Fortaleza. President Dilma Rousseff paid tribute to the researcher who developed the ‘green’ fuel from oilseeds.

• Thursday, September 15th 2011 - 07:04 UTC

  Fears Brazilian states’ battle for oil royalties share could turn nasty

  

  Brazil's government presented a plan on Wednesday for dividing up oil royalties among states, a crucial step in advancing its effort to tap deepwater reserves it hopes will turn the country into a major crude exporter.

• Wednesday, September 14th 2011 - 14:54 UTC

  Falklands’ Rockhopper unveiled 2bn dollars plan to extract oil by 2016

  

  British oil group Rockhopper Exploration has unveiled plans for a 2 billion dollars investment in the Falkland Islands, a move which will transform the remote territory into a new oil province.

• Monday, September 12th 2011 - 23:12 UTC

  Canadian company strikes oil in first of three exploratory wells in Neuquen basin

  

  Canada’s Americas Petrogas and venture partner Gran Tierra Energy have made a “significant discovery of oil” in the first of three exploration wells on the Rinconada Norte block in the Neuquen Basin of Argentina.

• Monday, September 12th 2011 - 20:56 UTC

  OPEC forecasts slower global oil demand and production

  

  OPEC cut its forecast Monday for global oil demand and production, citing the slowing economic recovery. In its monthly report, the Organization of Petroleum Exporting Countries said it expected demand growth to drop to 1.1 million barrels per day -- 150,000 barrels per day fewer than its earlier forecasts.