Tag: oil
oilChevron, Repsol and Statoil to drill offshore Newfoundland and Labrador
Chevron Canada Ltd., a big player in Canada's offshore oil industry, has struck a deal with Norwegian and Spanish oil companies to carry out exploration off the coast of Atlantic Canada.
Falklands oil exploration update
Desire Petroleum plc (AIM:DES) the exploration company wholly focused on the North Falkland Basin notes the announcement made today by Rockhopper Exploration plc (“the Operator”) regarding the 14/15-4 well. Desire has a 40% carried interest in this well.
Ecuador says it is breaking oil daily production record
State-owned oil company Petroecuador said it broke its daily production record on Tuesday 15 November, pumping 156.359 barrels of crude on that day. Production from Jan. 1 to Nov. 8 totalled 47,096,086 barrels of crude, Petroecuador said in a report.
Consortium announces major ‘high quality’ oil discovery off the Brazilian coast
Repsol, Spain's biggest oil group said Monday it has made a new oil discovery off the coast of Brazil together with Chinese partner Sinopec, Britain's BG Group and Brazil's Petrobras.
Drilling program in central Argentina makes three oil discoveries
Petrogas announced three conventional oil discoveries from the recently-completed exploration drilling program on the Rinconada Norte block (96 sq. km. or 37 sections) located in La Pampa Province in the eastern margin of the Neuquén Basin of Argentina.
Argos raises prospective resource by 182% to 2.1 billion barrels of oil
Argos Resources Limited (AIM: ARG.L), the Falkland Islands based exploration company focused on the North Falkland Basin, is pleased to issue a new Competent Persons Report (“CPR”) prepared by Senergy (GB) Ltd (“Senergy”).
China to increase oil and sales tax (5 to 10%) to reduce consumption
China will expand a tax on oil and natural gas sales to the entire country as of November first to try and reduce consumption. The tax will be 5-10% of sales, the State Council said Monday.
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.
Another Falklands company ‘on schedule’ to drill for oil in the next six months
Falkland Islands exploration company Argos Resources released Monday morning interim results and CEO Ian Thomson told investors that the group is on schedule to be ‘drill ready’ in late 2011/early 2012 to begin off-shore exploration activities in the South Atlantic British Territory.
Uruguay launches second round of hydrocarbons offshore exploration
Uruguay detailed plans to auction 15 offshore exploration blocks on Thursday, part of the energy-short country's efforts to reduce its dependence on imports of oil and natural gas.
