Energy & Oil

• Monday, June 27th 2011 - 07:25 UTC

  Falkland Islands: Rockhopper 14/10-5 Appraisal well update – flow test result

  

  Rockhopper Exploration, the North Falkland Basin oil and gas exploration company, is pleased to provide the following update on the flow test carried out at well 14/10-5. * Well flowed at commercially viable rates. * Well flowed at stabilised rates of 5508 stb/ * l achieved a maximum stabilised flow rate of 9036 stb/d

• Friday, June 24th 2011 - 11:07 UTC

  Britain says Brazil has the best science base outside the G8

  

  The UK said that Brazil has the best science base outside the G8, and Brazil’s state-controlled oil and gas giant Petrobras CEO Jose Sergio Gabrielli predicted that his country will shortly become the world's largest market for deep offshore oceanic hydrocarbon exploration equipment.

• Thursday, June 23rd 2011 - 23:19 UTC

  Release of strategic reserves (to counter Libya’s absence) rattles world oil market

  

  Oil rose in New York, recovering from a plunge sparked by an International Energy Agency announcement that its members will release crude from strategic reserves.

• Wednesday, June 22nd 2011 - 23:54 UTC

  Solar energy conference in Chile brings together world experts

  

  Chile, a country where the demand for energy has skyrocketed over the past decade, experts are gathering to discuss another answer to Latin America’s increasing energy needs: solar power.

• Tuesday, June 21st 2011 - 04:45 UTC

  Chilean court suspends controversial hydroelectric complex in Patagonia

  

  A Chilean court on Monday ordered the suspension of a project to build a complex of five hydroelectric dams in the Patagonian wilderness, bowing to appeals by lawmakers and environmental groups.

• Tuesday, June 21st 2011 - 03:16 UTC

  Petrobras told to control costs of its massive investment program

  

  Petrobras oil and gas corporation needs to control costs in its investment program, Brazil's Finance minister said on Monday, days after he and other board members told the company to revise an update of its 224 billion US dollars spending plan.

• Friday, June 17th 2011 - 16:33 UTC

  Peru cancels construction of Amazon dams; major setback for Brazil

  

  Peruvian environmentalists have welcomed a decision by the country's Energy Ministry to cancel the development of the 1.5GW Inambari Dam in the Amazon basin.

• Wednesday, June 15th 2011 - 22:46 UTC

  Argentina attracted 40% of all Chinese investments in the region in last 12 months

  

  Argentina attracted 40% of all Chinese investments in the region in the last twelve months (June 2010/May 2011) and prospects remain “optimistic” reveals a report from Deloitte.

• Wednesday, June 15th 2011 - 21:53 UTC

  French giant oil group Total invests heavily in solar energy

  

  French oil and gas giant Total completed its 1.3 billion US dollars tender offer to buy a controlling 60% stake in SunPower, a California provider of solar power systems, the two companies announced Wednesday.

• Wednesday, June 15th 2011 - 19:27 UTC

  Energy rich Venezuela, short in power and forced to ration electricity

  

  Big electricity users in Venezuela have been told to cut consumption or face increased charges. Consumers who save energy will be in line for discounts, officials said. The move comes after a series of recent power failures, the most recent last Friday and Saturday when outages affected most of western Venezuela.