Energy & Oil

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.
Tuesday, September 11th 2012 - 05:02 UTC
Falkland Oil & Gas expected to announce results of drilling in next few days

Falkland Oil and Gas has provided an update on drilling operations at its Loligo prospect, following market speculation which has seen the value of the companies shares fall by almost 30% at one point on Monday.
Monday, September 10th 2012 - 00:47 UTC
Falklands’ oil offers an exit strategy from the dispute

By Graham Bound - The discovery of a large field of natural gas beneath the seabed south of the Falklands received appropriate coverage in the UK press. Rockhopper Exploration’s agreement with Premier Oil, which is likely to involve an investment by the latter of up to £750m, has also been noticed.
Tuesday, September 4th 2012 - 23:42 UTC
Russia’s Gazprom ready to help YPF develop gas and non-conventional resources

Argentine nationalized oil company YPF moved forward in the signing of an agreement with Russian state oil company Gazprom to develop conventional and non-conventional gas in Argentina and the eventual supply of liquefied gas.
Friday, August 31st 2012 - 11:56 UTC
YPF announces three wells confirm discovery of new shale deposits

Argentina’s recently nationalized oil and gas corporation YPF announced non conventional oil was discovered in five new wells drilled in the Patagonian provinces of Chubut and Neuquen and anticipated that fuel prices in the country will continue to gradually increase to eliminate the gap with competition.