Energy & Oil

• Wednesday, November 10th 2010 - 04:44 UTC

  Petrobras leases 20 drilling rigs to become operational in next two years

  

  Brazil’s government managed oil and gas corporation Petrobras announced it leased 20 foreign drilling rigs that will start operating in the next two years as it seeks to boost its capacity to explore for and produce oil.

• Tuesday, November 9th 2010 - 15:09 UTC

  Falklands’ Desire given the green light to drill second well in Rachel prospect

  

  Falkland Islands Desire Petroleum confirmed Tuesday it had secured regulatory and partner approvals to drill a second well 14/15-2 well in the North Falkland basin Rachel prospect.

• Friday, November 5th 2010 - 03:11 UTC

  Plans filed for US$100 million wind farm in Southern Chile

  

  The Bosques de Chile firm this week filed paper work with environmental authorities for authorization to proceed with a US$100 million wind farm investment off the coast of Chiloé Island near Dalcahue.

• Wednesday, November 3rd 2010 - 02:05 UTC

  Falklands Desire plans drilling a second vertical well at the Rachel prospect

  

  Falklands’ Desire Petroleum announced that its sidetrack well in the Rachel prospect was exposed to a mechanical failure and therefore it will not be possible to obtain any wire-line logging data.

• Monday, November 1st 2010 - 16:39 UTC

  Falklands’ exploration company Desire unable to reach drilling target depth

  

  Falkland Islands oil explorer Desire Petroleum (DES.L) said a closely-watched sidetrack well on its Rachel prospect in the Falkland Islands was unable to reach target depth and it would clean the hole out before trying again.

• Saturday, October 30th 2010 - 05:16 UTC

  New ultra-deep pre-salt offshore find confirms Brazil an oil giant

  

  Brazil’s oil industry regulator announced Friday that a recent ultra-deep offshore find is estimated to hold between 3.7 billion and 15 billion barrels of oil equivalent, which could make it the largest crude accumulation in the country’s pre-salt region and the biggest discovery in the Western Hemisphere in more than three decades.

• Thursday, October 28th 2010 - 05:29 UTC

  Petrobras confirms light oil at deepwater exploration well in north-east

  

  Brazilian government-controlled energy giant Petrobras said signs of oil found at in its first deepwater exploration well in the Sergipe-Alagoas Basin mark the opening of a new “exploratory frontier”.

• Thursday, October 28th 2010 - 05:09 UTC

  Falklands’ Desire shares soar amid speculation of bid approach

  

  Shares in Falkland Islands exploration company Desire Petroleum (DES.L) more than doubled on Wednesday following internet bulletin board speculation of a bid approach for the Falklands focused explorer and an oil find, traders said.

• Wednesday, October 27th 2010 - 10:42 UTC

  Falkland Islands: Desire Petroleum announce a 3D Seismic Programme

  

  Desire Petroleum plc (AIM:DES), the oil and gas company wholly focused on the North Falkland Basin, is pleased to announce the signing of a contract for marine seismic acquisition services with Polarcus Limited for the use of the seismic vessel MV Polarcus Nadia.

• Tuesday, October 26th 2010 - 04:59 UTC

  Argentina announces production of enriched uranium for 2011

  

  Argentina will produce the first batch of enriched uranium for civilian purposes next year as part of the re-launching of its atomic power industry, President Cristina Fernandez de Kirchner said Monday.