Energy & Oil

• Tuesday, September 25th 2012 - 23:56 UTC

  FOGL spuds the second well of its exploration program to the east of Falklands

  

  Falkland Oil and Gas, FOGL, announced on Tuesday that last 25 September it spudded the Scotia exploration well to the East of the Falkland Islands. The well FI 31/12-01 is located 315 km east-northeast of the Islands capital Stanley, and 114 km from the Loligo prospect.

• Tuesday, September 25th 2012 - 08:19 UTC

  Japan steps away from nuclear power

  

  As Japan and France move away from nuclear energy, is it the endgame for nuclear proponents?

• Thursday, September 20th 2012 - 01:40 UTC

  Brazil announces auctioning of new oil concessions for next May

  

  Brazil's Dilma Roussef has approved the auctioning of new oil concessions next year, subject to congressional approval of a new royalties law, authorities said. The 11th auction outside the pre-salt next May would involve 74 oil blocks, half at sea and half on land.

• 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.