Energy & Oil

• Thursday, August 25th 2011 - 06:08 UTC

  Canada to overhaul and expand Argentine nuclear power plant

  

  Argentina signed contracts worth 444 million dollars on Wednesday with a subsidiary of SNC-Lavalin Group, Canada's top engineering firm, to extend the shelf-life of its Embalse nuclear plant.

• Wednesday, August 24th 2011 - 06:40 UTC

  Argentine trade surplus shrinks 22% in July as imports outpace exports

  

  Argentina's trade surplus shrank 22% in July from a year earlier to 672 million dollars as import growth continued to outpace exports, the government said on Tuesday. The trade surplus totalled 861 million dollars in July 2010.

• Tuesday, August 23rd 2011 - 06:20 UTC

  Petrobras expects to lower costs and increase earnings in coming quarters

  

  Operating costs for Brazil's state oil company Petrobras will be lower in the coming quarters Chief Financial Officer Almir Barbassa told financial newspaper Valor Economico in an interview published on Monday.

• Tuesday, August 23rd 2011 - 04:18 UTC

  Falklands’ hydrocarbons policy “is primarily a matter for the Islands”

  

  The hydrocarbons policy within Falkland Islands waters is primarily a matter for the Falklands government and the UK is in no negotiations with Argentina over the future exploitation of any oil deposits found in the Islands waters, said Lord Howell of Guildford, Minister of State, Foreign and Commonwealth Office during question time in the House earlier this month.

• Monday, August 22nd 2011 - 20:48 UTC

  Argentina’s Falklands claim will not significantly impact oil commerciality, says UK leading bank

  

  The commerciality of the Falkland Islands Rockhopper Exploration’s Sea Lion oilfield development shouldn’t be significantly impacted by logistical problems arising from Argentina’s claim over the sovereignty of the Islands, according to analysts at the Royal Bank of Scotland.

• Monday, August 22nd 2011 - 20:32 UTC

  Rockhopper spuds new assessment well in Falklands’ Sea Lion Main Complex

  

  Monday morning Rockhopper Exploration announced the spudding of its latest exploration well, 14/10-7, to further test the Sea Lion oil discovery in Falkland Islands waters.

• Thursday, August 18th 2011 - 23:58 UTC

  Historic win for wind energy in Brazilian government power auction

  

  Wind farms have come out on top in the latest round of power auctions organized by Brazil’s government. Slowly letting go of government protection to compete head-to-head with historically cheaper fossil fuel energy, the wind power sector indicated its potential strength.

• Wednesday, August 17th 2011 - 23:15 UTC

  Venezuela: biggest oil reserves, but also record corruption and mismanagement

  

  Venezuela received an enviable honour last month: OPEC said it is sitting on the biggest reserves of crude oil in the world – even more than Saudi Arabia. But the Venezuelan oil industry is also sitting atop a well of trouble.

• Monday, August 15th 2011 - 22:04 UTC

  Rockhopper raises its estimate of oil in North Falkland basin to 608 million barrels

  

  Rockhopper Exploration PLC upgraded its estimates of how much oil it could find off the Falkland Islands, boosting hopes that the remote territory in the South Atlantic could become a new oil province.

• Thursday, August 11th 2011 - 06:21 UTC

  Brazilean company fully committed to oil exploration off-shore Namibia

  

  Brazilian oil and gas start-up HRT boosted its net potential oil resources 12% to 7.9 billion barrels of oil equivalent (boe) following a certification study of its assets in Namibia.