Energy & Oil

• Thursday, December 22nd 2011 - 21:02 UTC

  Hague and Almagro to discuss Falklands’ flagged vessels restrictions on Friday

  

  Britain’s Foreign Secretary William Hague and Uruguay’s Foreign Affairs minister Luis Almagro will discuss the Falklands/Malvinas flagged vessels issue on Friday according to a release from the British embassy in Montevideo

• Thursday, December 22nd 2011 - 20:59 UTC

  Uruguay Navy says there is no legal impediment for Falklands’ flagged vessels to operate in Montevideo

  

  A report from the Uruguayan Coast Guard argues there is no legislation impeding Falklands/Malvinas flagged vessels from operating in the port of Montevideo. The report was handed to the Uruguayan Ministry of Foreign Affairs which is drafting a protocol regarding what ships can and which can’t access Uruguayan ports.

• Monday, December 19th 2011 - 03:15 UTC

  Storm sinks Russian oil drilling rig off Sakhalin in 20 minutes: 49 crew lost

  

  An oil drilling rig with 67 crew members on board capsized and sank off the Russian far eastern island of Sakhalin (North Pacific, Sea of Okhotsk) when it ran into a storm while being towed, leaving 49 of the crew unaccounted for, the regional Emergencies Ministry said.

• Friday, December 16th 2011 - 06:23 UTC

  French PM from Brazil admits new “jolts” can be expected in the Euro zone

  

  French Prime Minister Francois Fillon said his country is likely to face new “jolts” from the Euro zone debt crisis amid rumors it could lose its triple-A credit rating.

• Thursday, December 15th 2011 - 17:58 UTC

  Brazilian prosecutors suing Transocean and Chevron 10bn dollars for oil spill

  

  Brazilian federal prosecutors are suing Transocean Ltd and Chevron Corp for 20 billion Reais (10.6 billion dollars) in environmental and social damages and asked a court to suspend their operations, according to a statement yesterday.

• Wednesday, December 14th 2011 - 16:48 UTC

  OPEC agrees 30m bpd supply target; Saudis want oil below 100 dollars per barrel

  

  OPEC oil producers on Wednesday sealed their first new production limit in three years in a deal that settles a 6-month-old argument over output levels firmly in Saudi Arabia's favour.

• Wednesday, December 14th 2011 - 03:45 UTC

  Brazil’s development bank helping finance wind energy farms

  

  Brazil’s development bank, Banco Nacional de Desenvolvimento Economico e Social, BNDES, will provide 1.8 billion Reais (966 million dollars) to finance wind farms as the renewable energy source dominates government auctions for new power capacity.

• Tuesday, December 13th 2011 - 16:08 UTC

  Rockhopper announces “fantastic result” with third oil discovery in Falklands

  

  Rockhopper Exploration PLC reported a “fantastic result” as its third discovery in the North Falkland basin encountered oil and-or wet gas in four hydrocarbon-bearing target zones, said the company on a Tuesday release in London.

• Tuesday, December 13th 2011 - 08:46 UTC

  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.

• Friday, December 9th 2011 - 06:32 UTC

  Falklands’ oilfield development, Rockhopper Exploration next move

  

  Rockhopper Exploration announced Thursday in its interim results statement that the Falkland Islands drilling campaign has been very successful as it has established the Sea Lion discovery as a world-class asset.