Energy & Oil

Thursday, December 8th 2011 - 22:28 UTC
Mexico - Rising Natural Gas Superstate?

Americans looking south of the Rio Grande tend to forget, if they ever knew, that Mexico is, according to the U.S. Energy Information Administration, now America's second largest source of imports.
Tuesday, December 6th 2011 - 18:49 UTC
Boom of the wind power energy in north-east Brazil: 11.2 MW by 2014

Brazil is going through a wind power boom as production prices fall and government incentives attract a growing number of foreign suppliers. The wind power sector has a current capacity of around 1,400 megawatts, and is expected to grow nearly eight-fold by 2014, according to the Brazilian Association of Wind Energy ABEEolica.
Tuesday, December 6th 2011 - 18:21 UTC
Repsol-YPF extracts almost 10% of Ecuador’s oil production

Repsol-YPF has raised its output in Ecuador to 45.000 bpd thanks to two new wells in the Amazon region, although the Spanish oil major still is forecasting a steady decline in production in the coming years, company executives said.
Friday, December 2nd 2011 - 00:21 UTC
‘Leiv Eiriksson’ rig ends oil drilling in the Arctic and sails for the Falklands

Edinburgh explorer Cairn Energy ended this week this year’s 600 million dollar drilling program off Greenland after the biggest exploration campaign attempted in the Arctic island’s waters failed to make a viable discovery.
Monday, November 28th 2011 - 15:38 UTC
New drilling in Falklands to confirm southern extension of Sea Lion oil find

Rockhopper Exploration announced Monday the spudding of its last well of the current successful drilling round in Falkland Islands waters. The well 15/15-4 in the North Falkland basin is situated on Licence PL004b in which Rockhopper will earn a 60% interest following the drilling, with Desire Petroleum holding a 40% interest.
Sunday, November 27th 2011 - 05:54 UTC
Petrobras domestic oil production stable at 2m bpd during October

Brazil's government managed oil and gas company Petrobras said on Friday its average October domestic crude output remained stable versus September at 2.00 million barrels per day.
Saturday, November 26th 2011 - 03:10 UTC
What are the real reasons behind Brazil’s interest in a nuclear powered submarine?

By Lucius Lomax<br />
The idea of a rogue nation using peaceful nuclear technology for armaments has been explored extensively by both Hollywood and the United Nations. But the idea of acquiring nuclear power—under the pretext of military use—with the real intention of commercial development appears to be an original idea of the Brazil government.
Wednesday, November 23rd 2011 - 23:04 UTC
Brazil suspends Chevron drilling rights until it clarifies the recent oil spill

Brazil's National Oil Regulator (ANP) said on Wednesday that it is suspending the drilling rights of US oil major Chevron in national territory until it clarifies conditions of the recent oil spill in its Frade field.
Tuesday, November 22nd 2011 - 00:40 UTC
Brazil imposes maximum fine on Chevron for oil spill, but more sanctions in the pipeline

$Environment Minister Teixeira, “five of six more fines if more infractions are found”$

Brazil’s environmental agency said on Monday it will fine US Chevron 50 million Reais, nearly 28 million dollars, for a continuing oil spill off the coast of Rio de Janeiro and the company could face several more similar fines in the coming days.
Monday, November 21st 2011 - 14:31 UTC
Falkland Oil and Gas begins drilling in the second quarter of 2012

Falkland Oil and Gas (FOGL) confirmed on Monday it was holding talks with potential partners to look for oil and gas in the Falkland Islands and announced that the exploration rig slated to drill four wells in Falklands’ waters is expected in the Islands in late January 2012.