Energy & Oil

• Wednesday, October 31st 2012 - 23:13 UTC

  Falklands’ Desire Petroleum plans for the next three years

  

  Planning ahead for the next three years Falkland Islands Desire Petroleum announced on Wednesday changes to its Production Licences following approval received from Executive Council.

• Wednesday, October 31st 2012 - 02:08 UTC

  New York working to restore transit service in wake of historic storm

  

  Thousands of New York Metropolitan Transportation Authority workers began on Tuesday to fan out through the system to inspect and begin repair of the damage caused by Hurricane Sandy, a massively destructive storm of historic proportions.

• Tuesday, October 30th 2012 - 07:16 UTC

  Australia’s Petrel Energy farms in with US explorer operating onshore Uruguay

  

  Australia’s Petrel Energy is getting involved in Uruguay after taking a stake in a private US player which also gives it a presence in Spain. The Sydney-based explorer said its 25% stake in Schuepach Energy International (SEI) gives the company a shot at unearthing “company-making” large scale oil and gas discoveries.

• Tuesday, October 30th 2012 - 07:11 UTC

  Petrobras confirms: no fuel price increases in the immediate future

  

  Municipal elections are over and the Brazilian government had a good performance at the polls having recovered among others the City of Sao Paulo, but contrary to investors’ expectations, the country’s oil and gas corporation Petrobras will not be hiking gasoline prices in the immediate future.

• Friday, October 26th 2012 - 21:20 UTC

  Vulnerable Brazil: 53 million people in 11 states in the dark for over four hours

  

  A massive blackout left as many as 53 million Brazilians in the dark late Thursday and early Friday, the latest in a string of energy shortages that have raised questions about whether Brazil's infrastructure is keeping pace with economic growth.

• Friday, October 26th 2012 - 07:06 UTC

  Falklands to build a new deep-water port to cater for the oil and gas industry

  

  The Falkland Islands will have a new deep-water port facility capable of meeting the demands of all incumbent industries it was announced following this week's meeting of Executive Council (ExCo).

• Thursday, October 25th 2012 - 18:18 UTC

  Falklands Oil & Gas complete farm-out deal with US Noble Energy; drilling delay

  

  Falkland Oil and Gas Ltd., (FOGL), announced completion of the farm-out agreement with Noble Energy Falklands Limited, an affiliate of Houston based Noble Energy, Inc. and the signing of agreements with Petroleum Geo-Services (PGS) for the acquisition and processing of two new 3D seismic surveys.

• Thursday, October 25th 2012 - 00:04 UTC

  Argentine lawmakers press Falklands’ issue on UK peers at Parliamentary Union

  

  Argentine lawmakers met with their UK peers and called for an end to unilateral hydrocarbons explorations in Falkland Islands waters and for an end to military exercises in the South Atlantic.

• Tuesday, October 23rd 2012 - 01:37 UTC

  US oil company team visit Falklands to assess industry’s infrastructure support

  

  US based Noble Energy and farm-in partners with Falkland Islands Oil and Gas (FOGL) visited the Falklands to meet with their partners and the Falklands government and to assess in-situ the oil related infrastructure.

• Tuesday, October 23rd 2012 - 01:01 UTC

  China’ Sinochem further expands into Brazil’s offshore oil frontier

  

  Brazil's National Petroleum Agency, ANP, approved Chinese oil company Sinochem's purchase of a 10% stake in five offshore blocks as the state-run company continues its expansion into Latin America's hottest oil frontier.