Energy & Oil

• Monday, January 16th 2012 - 02:28 UTC

  Merrill Lynch appointed to find partners to develop Falklands’ oil project

  

  Rockhopper Exploration which recently discovered oil and gas in Falkland Islands waters has appointed Bank of America Merrill Lynch to lead the process of finding a partner for its 2 billion dollars oil project in the North Falkland basin, reports the London media.

• Sunday, January 15th 2012 - 09:32 UTC

  Ahmedinejad Visits Latin America, Washington Implores and Seethes

  

  At the best of times, the U.S. government is regarded as somewhat out of touch with what's happening in the American “heartland,” much less the world at large, so much so that the phrase “inside the Beltway” was coined to define the syndrome.

• Saturday, January 14th 2012 - 06:13 UTC

  Chevron, Repsol and Statoil to drill offshore Newfoundland and Labrador

  

  Chevron Canada Ltd., a big player in Canada's offshore oil industry, has struck a deal with Norwegian and Spanish oil companies to carry out exploration off the coast of Atlantic Canada.

• Friday, January 13th 2012 - 22:47 UTC

  Falkland Islands Holdings agrees to subscribe 2 million new shares from FOGL

  

  Falkland Islands Holdings has agreed to subscribe for 2 million new shares placed by Falkland Oil and Gas Limited. FIH says the £860,000 cost of the shares will be met from the group's existing cash resources.

• Friday, January 13th 2012 - 19:21 UTC

  Oil company ensures funds for a Falkland Islands’ two-well drilling round

  

  UK-based Falkland Oil and Gas (FOGL) announced on Friday it has raised £48.5m (74.3m dollars) through a placing of new ordinary shares to fund drilling of exploration wells in Falkland Islands while it continues active discussions with potential partners for a farm-out.

• Thursday, January 12th 2012 - 04:13 UTC

  Federal Reserve ‘Beige Book’ confirms US economy modest expansion

  

  The US Federal Reserve said on Wednesday that all but one of its 12 banking districts experienced modest expansion from late November through the end of the year. The survey known as the Beige Book showed that the final weeks of 2011 were among the strongest.

• Wednesday, January 11th 2012 - 06:33 UTC

  Argentina imposes new restrictions to slow consumer goods’ imports

  

  Argentina will impose new restrictions on consumer goods’ imports, according to a resolution from the Revenue Office published this week in the Official Gazette and effective next February first.

• Wednesday, January 11th 2012 - 06:27 UTC

  A divided EU to decide on oil embargo on Iran January 23

  

  European Union governments agreed Tuesday to bring forward a meeting of foreign ministers expected to decide on an oil embargo on Iran by one week to January 23. In its statement confirming the date, the EU said the decision to bring it forward from January 30 was taken to avoid a scheduling clash with a summit of EU leaders set for that day.

• Wednesday, January 11th 2012 - 06:27 UTC

  Brazil runs the risk of becoming highly dependent on natural-resources exports

  

  A leading Brazilian economist Edmar Bacha, one of the architects behind the 1994 Plan Real to stabilize Latin America’s largest economy said the country was at risk of becoming entirely dependent on natural resources exports and urged greater savings to invest in diversification.

• Wednesday, January 11th 2012 - 06:22 UTC

  Argentina says no change in Mercosur decision to bar Falklands’ flagged vessels

  

  Argentina in two brief statements said on Tuesday that there has been no change in Mercosur members’ position to bar Falklands’ flagged vessels from the region’s ports and that the United Kingdom admits that such policy has become effective.