Energy & Oil

• Saturday, April 17th 2010 - 03:04 UTC

  Exxon-Mobil claims to have drilled the longest extended-reach well offshore

  

  Exxon-Mobil has completed an extended-reach well offshore southern California, which it claims is the world’s longest extended-reach well drilled from an existing offshore fixed platform drilling rig.

• Friday, April 16th 2010 - 10:04 UTC

  Falklands: Rockhopper Exploration spuds Sea Lion

  

  Rockhopper Exploration (AIM: RKH) has spudded its 100% owned Sea Lion 14/10-B exploration well in the Licence PL032 in the North Falkland Basin. Once drilling is complete, Sea Lion’s results will be eagerly anticipated among investors following the prospective Falkland oil and gas play.

• Thursday, April 15th 2010 - 17:14 UTC

  Petrobras completes global presence by acquiring stake in Australian block

  

  Brazilian government managed energy giant Petrobras announced it acquired a 50% stake in an exploration block in Australia with significant natural gas potential. Petrobras acquired the stake from MEO Australia for 39 million USD.

• Thursday, April 15th 2010 - 17:11 UTC

  Venezuela plans to invest 120 billion USD in developing Orinoco heavy crude

  

  Venezuelan Energy and Oil Minister Rafael Ramirez said some 120 billion USD will be invested over the next seven years in the Orinoco Belt, which the U.S. Geological Survey says is the largest petroleum accumulation it has ever evaluated.

• Thursday, April 15th 2010 - 05:53 UTC

  Argentina to resume nuclear program in cooperation with Russia

  

  Russian President Dimitri Medvedev met with President Cristina Fernández de Kirchner to commemorate 125 years of bilateral relations between Argentina and Russia and to sign several cooperation agreements in different fields including helping Argentina to develop its nuclear program.

• Thursday, April 15th 2010 - 05:50 UTC

  China’s Sinopec expected to invest in Brazilian offshore oil blocks

  

  China's Sinopec will buy stakes in two Brazilian offshore blocks from state-run Petrobras, local media reported Wednesday, as part of a cooperation agreement to be signed during a visit by China's president to Brazil.

• Saturday, April 10th 2010 - 05:09 UTC

  Rio do Janeiro will host first top level meeting on Brazil’s pre-salt oil fields

  

  The first major top-level industry wide meeting of all leading players in the exploration of the Brazilian pre-salt oil fields will be taking place next in June in Rio de Janeiro.

• Friday, April 9th 2010 - 02:57 UTC

  Argentina to drill two wells next to Falklands’ waters in last quarter

  

  Several oil companies operating in Argentina have teamed up to begin hydrocarbons explorations close to Falklands’ waters. The companies have programmed to spend 140 million US dollars in two exploratory wells for which they have contracted a special drilling vessel, according to reports in the Buenos Aires press.

• Thursday, April 8th 2010 - 04:25 UTC

  Mujica consolidates close trade and energy links with Venezuela

  

  Venezuelan President Hugo Chavez offered Wednesday to help Uruguay expand a refinery and supply it with crude oil. Chavez and visiting Uruguayan President Jose Mujica signed several accords pledging to deepen trade and energy ties between the two nations.

• Wednesday, April 7th 2010 - 21:02 UTC

  Bolivia and Brazil discuss energy and exploitation of strategic minerals

  

  Bolivia and Brazil are considering a vast joint investment program to industrialize natural gas and for the exploitation of strategic minerals in the salt plains of the land-locked Andean country.