Energy & Oil

• Wednesday, August 29th 2012 - 06:10 UTC

  Brazilian court orders resumption of work at controversial dam in the Amazon

  

  Brazil's Supreme Court has approved the resumption of work on the controversial 13 billion dollars Belo Monte dam in the Amazon, which was stopped earlier this month after protests from indigenous groups.

• Wednesday, August 29th 2012 - 05:59 UTC

  Brazil to deploy first floating oil terminal for refueling tankers in the high seas

  

  Brazil’s energy giant Petrobras said on Tuesday it will deploy the world’s first floating oil terminal capable of refueling tankers on the high seas.

• Tuesday, August 28th 2012 - 04:35 UTC

  The endless war: Saudi Arabia goes on the offensive against Iran

  

  Saudi Arabia has gone on the offensive against Iran to protect its interests. Their involvement in Syria is the first battle in what is going to be a long bloody conflict that will know no frontiers or limits.

• Tuesday, August 28th 2012 - 04:13 UTC

  Despite Fukushima accident, 30 countries considering nuclear energy says IAEA

  

  Almost 30 countries are considering or planning to introduce nuclear energy as interest remains strong despite last year's Fukushima accident, the United Nations' atomic agency said.

• Tuesday, August 28th 2012 - 03:36 UTC

  YPF trying to convince Chevron to help develop massive shale deposits in Neuquen

  

  Argentina’s nationalized oil and gas company YPF and the head of Latin American and African operations for Chevron Corp. are discussing a potential agreement to develop the massive Vaca Muerta shale oil and gas formation in the Patagonian province of Neuquén.

• Monday, August 27th 2012 - 04:21 UTC

  Venezuela’s biggest refinery fire and explosion kills 41, hundreds injured

  

  Venezuela's biggest refinery is on track to restart within two days, the Energy minister said on Sunday, a day after an explosion and fire there killed 41people in one of the global oil industry's deadliest accidents.

• Friday, August 24th 2012 - 06:14 UTC

  YPF announces massive exploration program and calls on private investors

  

  Argentina’s nationalized oil and gas corporation YPF announced it has plans to drill 250 wells in the next five years to further advance the country’s “hydrocarbons frontier”. During a presentation at a posh hotel in Buenos Aires under the heading of “Argentine Exploration Plan”, YPF CEO Miguel Galuccio called on investors to trust him and support the plan.

• Friday, August 24th 2012 - 01:19 UTC

  Desire Petroleum assesses potential of its North Falkland Basin strategic prospects

  

  In an update of the recently completed six well exploration program Falkland Islands’ Desire Petroleum reports it has new 3D seismic acquisition of several of its North Falkland prospects which are currently under evaluation to provide a full prospects’ inventory.

• Friday, August 24th 2012 - 01:12 UTC

  First half of 2012; “very significant development period” for Falkland Oil and Gas

  

  The AIM listed company Falkland Oil and Gas Ltd reflected on Thursday on the progress made in the first half of the year when it managed a significant equity placing and negotiations for two farm-out deals which helped with a cash-balance of over 220 million dollars.

• Thursday, August 23rd 2012 - 20:39 UTC

  Company confirms abundant gas condensate in south Falklands and prepares new drilling program

  

  Shares in Borders and Southern soared almost 20% on Thursday as the company revealed positive findings from the analysis of condensate fluids from its Darwin discovery well in the south of the Falkland Islands where it plans to continue appraisal drilling in 2014.