Energy & Oil

• Thursday, April 7th 2011 - 08:56 UTC

  Brazil rejects as ‘unjustified’ request to halt work on a huge dam in the Amazon

  

  Brazil has said a request to halt work on its massive hydro-electric dam in the Amazon rainforest is unjustified despite environmental concerns. Brazil's foreign ministry was responding to the request by the Inter-American Commission on Human Rights.

• Wednesday, April 6th 2011 - 06:10 UTC

  Venezuela to begin shipping Argentina 12 million barrel of fuel in May

  

  Venezuela will send Argentina 12 million barrels of diesel and fuel oil starting in May, an official from Venezuela's state oil company PDVSA said.

• 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.