Venezuela will send Argentina 12 million barrels of diesel and fuel oil starting in May, an official from Venezuela's state oil company PDVSA said.
Falklands Desire Petroleum has said the past 12 months had proved an energetic period for the company with the information gathered leading to believe that the East Flank Play Fairway has a great deal of potential.
Oil climbed to the highest level in 30 months in New York on Monday on speculation that US economic growth may support demand and a protracted conflict in Libya will curtail supply.
Shares in Falkland Islands Rockhopper Exploration soared 16% on Monday, after it raised its lowest case estimate of crude reserves at its Sea Lion well.
Uruguay state-run oil and gas company ANCAP announced the discovery of source rock which might contain underground shale oil or natural gas deposits.
Paraguay’s government oil company Petropar is trying to find a foreign associate for oil exploration in the country’s vast Chaco region. Apparently companies from Russia and Bahrain have shown certain interest but Paraguayans admit the difficulties.
Installed wind farm capacity in Latin America grew by 50% during 2010, and more than 2,000 MW of wind power are now operating across the region, according to the Global Wind Energy Council, GWEC.
FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands announces further progress on its rig contract negotiations and certain changes to its licence arrangements.
Latin American oil and gas company GeoPark Holdings which operates in Argentina and Chile, will sell a 10% stake in GeoPark Chile Ltd for 70 million US dollars to a unit of Korea's LG Corp. The transaction is expected to close in the second quarter of 2011, GeoPark said.
The Falkland Islands hydrocarbons exploratory round begun over a year ago is steaming ahead. Desire Petroleum announced Tuesday it had begun exploratory drilling on the Ninky prospect with a total planned depth of 2.620 metres.