Energy & Oil

• Tuesday, September 18th 2012 - 07:21 UTC

  Falklands’ Desire confirms exploration potential and is looking for farm-in partner

  

  Falkland Islands explorer Desire Petroleum said its half-year to end-June period losses decreased from 39.3 million dollars in the previous period to just 2m, due to a fall in exploration and evaluation expenses. It also announced that it was looking for a farm-in partner for the North Falkland basin, where the company is focused.

• Monday, September 17th 2012 - 14:57 UTC

  FOGL and Edison strike gas discovery to the East of the Falkland Islands

  

  Falkland Oil and Gas Ltd announced Monday that the well drilled to the East of the Falkland Islands to a depth of over 4.000 meters is a gas discovery. The statement comes after a rough week for FOGL when its shares plummeted following poor and unfounded press coverage.

• Saturday, September 15th 2012 - 05:29 UTC

  YPF/Chevron signed an understanding to explore for shale gas and oil in Neuquen

  

  Argentina's recently nationalized oil and gas producer YPF SA and the US Chevron Corporation have signed a memorandum of understanding to explore for unconventional energy in Vaca Muerta, in the Patagonian province of Neuquen.

• Thursday, September 13th 2012 - 01:49 UTC

  Arctic conquest: Russia building the world’s biggest nuclear powered icebreaker

  

  Russia's plans to build the world's biggest nuclear-powered icebreaker could attract more trade to the country, says a leading UK analyst. The new ship is meant to be more efficient at breaking ice and able to navigate in deep Arctic waters as well as shallow Siberian rivers.

• Wednesday, September 12th 2012 - 19:28 UTC

  Falklands’ capital expands south anticipating housing demand from oil developers

  

  Anticipating a greater demand for housing from oil developers and support activities the Falkland Islands government is advancing plans to further expand Stanley. Additional funding to take in phase two of the Sapper Hill housing development to the south of Stanley has been approved by the Standing Finance Committee totalling £1.3 million for a further 27 housing plots.

• Wednesday, September 12th 2012 - 14:32 UTC

  Nicola Granger appointed Financial Secretary for the Falklands government

  

  The Falkland Islands Government announced this week the appointment of Nicola Granger to the post of Financial Secretary for the Falkland Islands Government. Ms Granger steps into the role permanently from the Head of Finance Position when Keith Padgett became Chief Executive.

• Wednesday, September 12th 2012 - 02:01 UTC

  Wind could meet world power demand by 2013, say Stanford researchers

  

  By Andrew Myers (*) Adapting a sophisticated climate model, researchers show that there is plenty of wind available to supply half to several times the world's total energy needs within the next two decades.

• Wednesday, September 12th 2012 - 01:54 UTC

  EU bites the hand that feeds it: Russia’s Gazprom will bite back

  

  Gazprom has Europe's natural gas market in a stranglehold and Europe is attempting to fight back, first with a raid last year on the Russian giant's offices and then with a probe launched earlier this week against its allegedly illicit efforts to control the EU natural gas supplies.

• Tuesday, September 11th 2012 - 06:30 UTC

  Falklands’ companies readying to provide support services to oil industry

  

  Falkland Islands’ companies are, “stepping up to the plate,” in providing support services to the oil industry; and their investment in increased work forces, facilities and equipment is already paying dividends.

• Tuesday, September 11th 2012 - 05:55 UTC

  Major blackout leaves half of Cuba, including Havana in the dark for hours

  

  A failure in a main transmission line in central Cuba caused a blackout that cut electricity for hours to more than half the country on Sunday night, but now power has been mostly restored, the government said on Monday.