Energy & Oil

• Wednesday, April 6th 2011 - 01:10 UTC

  Desire Petroleum confident of its Falklands’ portfolio prospects potential

  

  Falklands Desire Petroleum has said the past 12 months had proved an “energetic” period for the company with the information gathered leading to believe that the East Flank Play Fairway has a great deal of potential.

• Tuesday, April 5th 2011 - 09:18 UTC

  Crude at highest in 30 months pushed by US recovery and political turbulence

  

  Oil climbed to the highest level in 30 months in New York on Monday on speculation that US economic growth may support demand and a protracted conflict in Libya will curtail supply.

• Tuesday, April 5th 2011 - 09:13 UTC

  Falklands’ Sea Lion well latest oil appraisal sends Rockhopper shares soaring

  

  Shares in Falkland Islands Rockhopper Exploration soared 16% on Monday, after it raised its lowest case estimate of crude reserves at its Sea Lion well.

• Monday, April 4th 2011 - 07:08 UTC

  Source rock and possible shale oil discovered in the centre of Uruguay

  

  Uruguay state-run oil and gas company ANCAP announced the discovery of source rock which might contain underground shale oil or natural gas deposits.

• Monday, April 4th 2011 - 07:02 UTC

  Paraguay after partners to explore for oil in the vast Chaco region

  

  Paraguay’s government oil company Petropar is trying to find a foreign associate for oil exploration in the country’s vast Chaco region. Apparently companies from Russia and Bahrain have shown certain interest but Paraguayans admit the difficulties.

• Saturday, April 2nd 2011 - 07:57 UTC

  Latam wind energy expanded 50% in 2010; Argentina has the greatest potential

  

  Installed wind farm capacity in Latin America grew by 50% during 2010, and more than 2,000 MW of wind power are now operating across the region, according to the Global Wind Energy Council, GWEC.

• Thursday, March 31st 2011 - 08:02 UTC

  Falkland Oil and Gas Limited Press Release

  

  FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands announces further progress on its rig contract negotiations and certain changes to its licence arrangements.

• Thursday, March 31st 2011 - 02:17 UTC

  GeoPark joins Korea’s LG to expand oil exploration in Latin America and Asia

  

  Latin American oil and gas company GeoPark Holdings which operates in Argentina and Chile, will sell a 10% stake in GeoPark Chile Ltd for 70 million US dollars to a unit of Korea's LG Corp. The transaction is expected to close in the second quarter of 2011, GeoPark said.

• Wednesday, March 30th 2011 - 05:21 UTC

  Falklands’ Desire Petroleum announces drilling of sixth well has begun

  

  The Falkland Islands hydrocarbons exploratory round begun over a year ago is steaming ahead. Desire Petroleum announced Tuesday it had begun exploratory drilling on the Ninky prospect with a total planned depth of 2.620 metres.

• Monday, March 28th 2011 - 04:49 UTC

  Falklands’ oil equipment arrives in vessel with giant computer-controlled kite

  

  One of the strangest ships ever to visit the Falkland Islands this week lay at anchor in Port William after making a hasty departure from FIPASS. Had it not left the dock, an ongoing legal wrangle involving its owners could have caused it to be detained there indefinitely – rendering a significant proportion of FIPASS unusable by other vessels, perhaps for a very long time.