Energy & Oil

• Monday, November 28th 2011 - 15:38 UTC

  New drilling in Falklands to confirm southern extension of Sea Lion oil find

  

  Rockhopper Exploration announced Monday the spudding of its last well of the current successful drilling round in Falkland Islands waters. The well 15/15-4 in the North Falkland basin is situated on Licence PL004b in which Rockhopper will earn a 60% interest following the drilling, with Desire Petroleum holding a 40% interest.

• Sunday, November 27th 2011 - 05:54 UTC

  Petrobras domestic oil production stable at 2m bpd during October

  

  Brazil's government managed oil and gas company Petrobras said on Friday its average October domestic crude output remained stable versus September at 2.00 million barrels per day.

• Saturday, November 26th 2011 - 03:10 UTC

  What are the real reasons behind Brazil’s interest in a nuclear powered submarine?

  

  By Lucius Lomax<br />
  The idea of a rogue nation using peaceful nuclear technology for armaments has been explored extensively by both Hollywood and the United Nations. But the idea of acquiring nuclear power—under the pretext of military use—with the real intention of commercial development appears to be an original idea of the Brazil government.

• Wednesday, November 23rd 2011 - 23:04 UTC

  Brazil suspends Chevron drilling rights until it clarifies the recent oil spill

  

  Brazil's National Oil Regulator (ANP) said on Wednesday that it is suspending the drilling rights of US oil major Chevron in national territory until it clarifies conditions of the recent oil spill in its Frade field.

• Tuesday, November 22nd 2011 - 00:40 UTC

  Brazil imposes maximum fine on Chevron for oil spill, but more sanctions in the pipeline

  

  Brazil’s environmental agency said on Monday it will fine US Chevron 50 million Reais, nearly 28 million dollars, for a continuing oil spill off the coast of Rio de Janeiro and the company could face several more similar fines in the coming days.

• Monday, November 21st 2011 - 14:31 UTC

  Falkland Oil and Gas begins drilling in the second quarter of 2012

  

  Falkland Oil and Gas (FOGL) confirmed on Monday it was holding talks with potential partners to look for oil and gas in the Falkland Islands and announced that the exploration rig slated to drill four wells in Falklands’ waters is expected in the Islands in late January 2012.

• Monday, November 21st 2011 - 07:16 UTC

  Ecuador says it is breaking oil daily production record

  

  State-owned oil company Petroecuador said it broke its daily production record on Tuesday 15 November, pumping 156.359 barrels of crude on that day. Production from Jan. 1 to Nov. 8 totalled 47,096,086 barrels of crude, Petroecuador said in a report.

• Monday, November 21st 2011 - 04:04 UTC

  Chevron takes full responsibility for the oil spill offshore Brazil

  

  Chevron promised to fully clean-up a spill off Brazil's coast, the CEO of the local subsidiary, George Buck, said on Sunday, taking responsibility for an accident that has become a major test for one of the world's fastest-growing oil frontiers.

• Thursday, November 17th 2011 - 22:11 UTC

  Brazilian federal police open a probe into an oil spill from a Chevron well

  

  Brazilian federal police have opened a probe into US oil giant Chevron over alleged pollution linked to an oil spill at its offshore Frade project, local media reported Thursday.

• Tuesday, November 15th 2011 - 23:09 UTC

  Uruguay puts a 65 dollar per MW-hour cap for developing wind power projects

  

  Uruguay won’t accept bids above 65 dollars a megawatt-hour from developers bidding to sell power from wind farms as concerns mount that rates have dropped too low.