Friday, October 1st 2010 - 18:20 UTC

Chinese oil group Sinopec buys 40% of Repsol-YPF Brazil operations

Repsol has stakes in blocks in Brazil’s Santos and Espirito Santo basins

China’s Sinopec group, the country’s second-largest oil and gas producer, will invest 7.1 billion US dollars in Repsol-YPF’s Brazilian unit as the Spanish oil company raises funds to develop offshore projects.

Thursday, September 30th 2010 - 23:54 UTC

FOGL and BHP Billiton committed to drill a well in north Falkland basin

The joint venture has been unable to contract a rig

Falkland Oil & Gas Ltd and associate BHP Billiton have been granted by the Falkland Islands government an extension of Phase I of their northern Falkland licences and should be drilling one exploration well before 15 December 2011, according to a release from the FOGL. BHPB Petroleum (Falklands) is part of the larger Anglo-Australian BHP Billiton resources conglomerate.

Tuesday, September 28th 2010 - 08:27 UTC

Falkland Oil and Gas Limited - Licence Update

FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, announces certain changes to its licence arrangements with the Falkland Islands Government.

Monday, September 27th 2010 - 17:56 UTC

Falklands: Desire begins drilling second exploration well, Rachel 14/15-1

“Ocean Guardian” spudded the second exploratory well for Desire

Desire Petroleum (AIM:DES) the first oil and gas exploration company to contract a rig and begin the current round of drilling in the Falkland Islands announced Monday the spudding of its second exploration well, Rachel 14/15-1.

Wednesday, September 22nd 2010 - 07:32 UTC

US behind Brazil, China and India as preferred place to invest, says Bloomberg

A majority of respondents support Bernanke performance and the Fed’s policies

The United States has fallen behind emerging markets Brazil, China and India as the preferred place to invest, according to a survey from Bloomberg. The US ranked first three months ago in the last quarterly Bloomberg Global Poll.

Wednesday, September 22nd 2010 - 07:29 UTC

Argentina’s most populous province ready to return to international bond market

Buenos Aires province governor Daniel Scioli

Argentina’s most populous province is preparing a return to international bond markets to benefit from the lowest borrowing costs in two years. Buenos Aires province hired Bank of America and Deutsche Bank AG to arrange investor meetings in Europe and the US as it plans to sell 500 million US dollars in debt.

Friday, September 17th 2010 - 20:43 UTC

Rockhopper declares Falklands’ oil discovery will be commercially viable

On the news shares soared 20% to 400 pence

Rockhopper Exploration (RKH.L) said it believed its oil discovery offshore the Falklands Islands will be commercially viable. A test at the Sea Lion 1 well in the North Falkland basin produced sustained rates of over 2,000 barrels of oil per day, in line with its hopes, Rockhopper said in a statement on Friday.

Friday, September 17th 2010 - 06:30 UTC

Chinese oil company after BP’s stake in Argentina’s Pan American Energy

CNOOC already has 20% of Pan American purchased last March

CNOOC, Ltd, China’s biggest offshore oil explorer, may bid 10.2 billion USD for BPs 60% stake in Argentina’s Pan American Energy LLC and will probably seek a partner in the acquisition, Citigroup Inc. said.

Thursday, September 16th 2010 - 02:36 UTC

Gold surges to a new all time high of 1.274,75 per ounce

Investors fear a double dip recession and gold is the natural refuge

The gold price surged to a new all-time high on Wednesday driven by a weaker dollar and its safe haven appeal. The precious metal was up almost 2% at $1,274.75 per ounce, surpassing the previous record of $1,265.30 struck on June 21.

Monday, September 13th 2010 - 22:06 UTC

Argos confirms Falklands’ waters exploratory oil drilling for second half of 2011

Ian Thomson, Chairman of Argos

In the first six months of 2010 Falkland Islands based Argos Resources has made significant progress in developing its PL001 Licence in the North Falkland Basin, to anticipate it will begin an exploratory hydrocarbons drilling campaign in the second half of 2011.


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