Energy & Oil

• Friday, April 29th 2011 - 05:47 UTC

  Brazil’s mining giant buys stake in controversial Amazon dam project

  

  Brazil giant mining corporation Vale SA, in which the government has a dominating stake position, agreed to buy a stake in a controversial hydro-power project in the Amazon and invest about 2.3 billion Real (1.5 billion USD).

• Thursday, April 28th 2011 - 02:08 UTC

  France’s Total makes mega find that could boost Bolivia’s gas reserves by a third

  

  The French energy giant Total and its Argentine partner, Tecpetrol, announced the discovery of a major natural gas find in Aquio in southeast Bolivia.

• Tuesday, April 26th 2011 - 02:53 UTC

  Colombia strikes new oil well; production in March averaging 884.000 bpd

  

  Colombia’s state-run petroleum company Ecopetrol announced the results of testing from an oil well in the south of the country with initial findings showing production levels to average 92 barrels of oil a day reported the Bogotá press.

• Tuesday, April 26th 2011 - 01:34 UTC

  Falklands’ Argos acquires 3-D seismic data prepares to drill late 2011, early 2012

  

  Argos Resources Limited, the Falkland Islands based hydrocarbons exploration company, has reported that the company has completed the acquisition of 3-D seismic data over the entire area of its PL001 licence in the North Falkland Basin.

• Thursday, April 21st 2011 - 06:28 UTC

  Chile and Argentina working to complement their power grids

  

  Chile is studying supplying neighbouring Argentina with electricity during the southern hemisphere's summer, when demand spikes, daily newspaper La Tercera reported Wednesday.

• Wednesday, April 20th 2011 - 05:14 UTC

  Oil exploration in extreme south of Chile attracts 400 million USD in three years

  

  In the coming three years hydrocarbons exploration and exploitation in the extreme south of Chile will receive investment equivalent to over 400 million US dollars making Punta Arenas a hub for the regional oil industry.

• Wednesday, April 20th 2011 - 00:49 UTC

  First Brazilian pre-salt oil shipment to Chile in mid May

  

  Petrobras, Brazil’s state-controlled oil producer will export its first cargo from the country’s second-largest crude field to Chile in mid-May.

• Tuesday, April 19th 2011 - 16:11 UTC

  Falkland Islands’ 2012 oil exploration drilling round announced by FOGL

  

  Falkland Oil and Gas Ltd plans to raise £32m through a placing of shares at 70p each, with the money earmarked for the oil and gas exploration company’s 2012 drilling program, according to a release from the company heavily involved in exploration to the South and East of the Falkland Islands.

• Monday, April 18th 2011 - 10:03 UTC

  Desire plugs Ninky well, plans to move to East Flank based on positive 3D

  

  Falkland Islands Desire Petroleum reported Monday that it had completed the drilling of its Ninky prospect (2.620 metres) which showed the reservoir quality “is generally poor” and therefore the well will be plugged and abandoned, according to an official report released Monday.

• Saturday, April 16th 2011 - 01:53 UTC

  Norway’s Statoil makes major oil discovery in the Brazilian Campos basin

  

  Norway’s biggest oil and gas producer Statoil ASA, said the “significant” oil discovery made adjacent to the Peregrino field in the Campos basin off Brazil may warrant a separate installation to speed up development.