MercoPress http://en.mercopress.com/ South Atlantic News Agency en Copyright 2012, MercoPress. http://en.mercopress.com/web/img/en/mercopress-logo.gif MercoPress http://en.mercopress.com/ <![CDATA[Repsol-YPF CEO holds “positive and constructive” meeting with Argentine officials]]> Antonio Brufau was told Argentina wants long term investments in the industry The Buenos Aires media revealed late Tuesday that Antonio Brufau, CEO from Repsol-YPF, which has a dominating position in the oil and gas market in Argentina met with top officials from the President Cristina Fernandez administration.

]]> Wed, 08 Feb 2012 06:10:00 GMT <![CDATA[Oil rig operating in the Falklands signs three year contract off Norway]]> Leiv Eirikson arrived from Greenland and is expected to return northbound end of 2012, beginning 2013 A consortium of companies appears to be spending a large day-rate on an Ocean Rig unit which has been fixed for a firm three years off Norway. The semi-submersible Leiv Eiriksson, currently operating in Falklands waters has been wrapped up for a 15-well program over a minimum of 1070 days on the Norwegian Continental Shelf, Greek rig owner Ocean Rig said on Monday.

]]> Tue, 07 Feb 2012 16:57:00 GMT <![CDATA[Argentina puts pressure on YPF: wants oil companies with long term investments]]> Vice president Boudou, the short term financial logics does not serve the purposes of the country Vice President Amado Boudou brushed aside ‘Repsol-YPF nationalization rumours’ and said Argentina is interested in oil companies that make long term investments and don’t fall prey of short term financial profits.

]]> Mon, 06 Feb 2012 21:59:00 GMT <![CDATA[Brazil strikes onshore light oil in the Amazonas state; record oil and gas in 2011]]> The country’s daily production reached 2.214m bpd Brazil's state-controlled oil company Petrobras announced last week it had struck good-quality light oil in the Solimoes Basin, in the state of Amazonas.

]]> Sun, 05 Feb 2012 07:47:00 GMT <![CDATA[Shell announces major investment drive to boost falling production]]> Chief executive Peter Voser: 80% of the new investment would be focused on upstream operations Royal Dutch Shell has said it will launch a major investment drive in an effort to boost falling production. The oil giant said it would spend 30bn dollars on new oil and gas projects this year, compared with 24bn in 2011.

]]> Fri, 03 Feb 2012 18:25:00 GMT <![CDATA[Falklands’ second exploration round takes off south of the Islands]]> Ocean ultra-deepwater semi-submersible rig Leiv Eiriksson spudded the first well this week A new round of Falkland Islands oil exploration began this week when London AIM listed Borders & Southern Petroleum plc announced that their first exploration well, located approximately 140 kilometres south of the Islands, was spudded on 31st January 2012.

]]> Wed, 01 Feb 2012 14:43:00 GMT <![CDATA[Brazil’s Petrobras admits second oil spill in less than a week]]> Corporation admits it is not possible to estimate how much oil leaked Brazil's state-run energy giant Petrobras on Tuesday reported that 160 barrels of crude oil may have spilled from a deep-water well off Sao Paulo state but said the situation was under control.

]]> Wed, 01 Feb 2012 06:55:00 GMT <![CDATA[Argentina has “phenomenal” tight natural-gas prospects and “explosive output” is forecasted]]> Guimar Vaca Coca, managing director of Americas Petrogas Exxon Mobil Corp and Americas Petrogas Inc have “phenomenal” tight natural-gas prospects in Argentina and expect “explosive” output growth in 5 years, said Guimar Vaca Coca, managing director of Americas Petrogas.

]]> Sat, 28 Jan 2012 09:56:00 GMT <![CDATA[Falklands’ oil industry says first round of exploration was “hugely successful”]]> The second round of oil exploration in the Falklands has started with the arrival of the Leiv Eiriksson rig Falklands’ oil industry sources said the round of oil exploration began in 2010 with the “Ocean Guardian” rig and just concluded, involving Rockhopper Exploration and Desire Petroleum, was “hugely successful” with several major oil and gas discoveries.

]]> Fri, 27 Jan 2012 02:44:00 GMT <![CDATA[US oil company makes 1.6bn dollars offer for Falklands’ Rockhopper: shares soar]]> Rockhopper needs 2 billion dollars to develop the Sea Lion prospect Rockhopper Exploration Plc shares surged in London trading following a report that Texas based Anadarko Petroleum Corp. is in talks with the only company to have made a commercial oil discovery off the Falkland Islands.

]]> Mon, 23 Jan 2012 17:19:00 GMT