Energy & Oil

• Sunday, October 9th 2011 - 07:20 UTC

  Chilean controversial Patagonia mega-dam project to be appealed at Supreme Court

  

  A Chilean appeals court in Puerto Montt voted 3 to 1 to reject seven lawsuits brought against the proposed controversial HidroAysén hydroelectric mega-dam approved by the Chilean government on May 9 of this year.

• Thursday, October 6th 2011 - 02:57 UTC

  Preliminary reports show Uruguay could have on shore recoverable gas reserves

  

  The chances for Uruguay of having significant commercial reserves of natural gas and oil are on the increase according to recent reports from US Energy and Geology agencies and published in the Montevideo press.

• Tuesday, October 4th 2011 - 06:34 UTC

  Spain concerned it might loose control of its flagship oil company Repsol

  

  Spain’s government is concerned that the country’s hydrocarbons flagship Repsol-YPF could fall into foreign hands following the 30% voting block made up of Mexico’s Pemex and construction company Sacyr Vallehermoso.

• Saturday, October 1st 2011 - 01:12 UTC

  CFK opens Argentina’s largest wind farm in Patagonia: 80MW

  

  President Cristina Fernandez opened Friday in Patagonia the largest wind farm in Argentina. The Rawson Aeolic Park will eventually generate 80 MW sufficient to supply 100.000 homes according to the private investors.

• Friday, September 30th 2011 - 23:26 UTC

  Oil prices end September 10% down on poor oil demand in Atlantic basin

  

  Oil prices fell on renewed economic concerns, putting Brent on track for about a 10% drop this month and its biggest quarterly decline in five quarters.

• Friday, September 30th 2011 - 06:09 UTC

  Falklands’ B&S Petroleum confirms 197m dollars to drill two wells in Jan/Feb

  

  Falkland Islands oil and gas explorer Borders & Southern Petroleum has swung into the black, just months before it embarks on its drilling program in the South Falkland Basin. The company posted pre-tax profits of 761.211 dollars in the six months ended June 30, compared to a loss of 672.185 in 2010.

• Thursday, September 29th 2011 - 16:03 UTC

  Argentina leader in use of nuclear power for peaceful purposes, says CFK

  

  President Cristina Fernández de Kirchner (CFK) opened on Wednesday the country’s third nuclear plant Atucha II, in the Greater Buenos Aires district of Zárate, and highlighted the fact that “Argentina is leader in the use of nuclear power for peaceful purposes.”

• Thursday, September 29th 2011 - 06:09 UTC

  Brazilian judge orders halt to construction of third largest dam in the world

  

  A judge in Brazil has ordered a halt to construction of a multi-billion-dollar dam project in the Amazon region. Judge Carlos Castro Martins barred any work that would interfere with the natural flow of the Xingu river.

• Wednesday, September 28th 2011 - 22:18 UTC

  Falklands’ Argos needs additional capital for drilling set to begin at end of year

  

  Falklands based Argos Resources expects to drill its first well on license PL001 in the North Falkland basin in late-2011 or early-2012, using the semi submersible rig Ocean Guardian, currently operating in the Islands’ waters.

• Monday, September 26th 2011 - 17:02 UTC

  Falklands’ Rockhopper spuds new well and plans another drilling slot

  

  Rockhopper Exploration is in talks with Diamond Offshore about lining up another drilling slot as it spuds a well off the Falkland Islands. Diamond Offshore are the owners of the Ocean Guarding drilling rig contracted by Desire Petroleum and involved in the current hydrocarbons exploration round.