Energy & Oil

• Tuesday, November 15th 2011 - 06:54 UTC

  Consortium announces major ‘high quality’ oil discovery off the Brazilian coast

  

  Repsol, Spain's biggest oil group said Monday it has made a new oil discovery off the coast of Brazil together with Chinese partner Sinopec, Britain's BG Group and Brazil's Petrobras.

• Monday, November 14th 2011 - 20:47 UTC

  Brazil moves into Tanzania and will help increase power generation five-fold

  

  Brazilian business and public contractor giant Odebrecht Company Limited, with top global businesses and operations across a wide variety of industries, has shown interest in undertaking the huge Stiegler's Gorge power project in Tanzania’s Rufiji river basin, according to “The East African” weekly.

• Monday, November 14th 2011 - 07:13 UTC

  Chevron halts drilling off the coast of Brazil following an oil-spill

  

  Oil giant Chevron halted drilling of a well off the coast of Brazil as it looks into the possible causes of an oil spill in the region. Chevron said in a statement e-mailed that an oil sheen had appeared on the surface of the ocean near the Frade project it operates, which it attributed to oil seeps in the area.

• Friday, November 11th 2011 - 08:20 UTC

  Chinese main oil refiner takes over 30% of Portugal’s GALP in Brazil

  

  China Petrochemical Corp., Asia's biggest refiner, agreed on Thursday to pay 3.54 billion dollars for a 30% stake in Galp Energia SGPS SA's Brazilian unit, in what is China's largest overseas energy acquisition this year.

• Thursday, November 10th 2011 - 06:14 UTC

  Uruguay claims Brazilian support in “fiscal haven” controversy with Sarkozy

  

  A top Uruguayan official said the country has the support of Brazil regarding the controversy triggered when President Nicholas Sarkozy as host and ‘rapporteur’ of the recent G20 summit named Uruguay in the list of the world’s most notorious fiscal havens.

• Wednesday, November 9th 2011 - 22:02 UTC

  More oil found in Falklands’ waters: drilling of two additional wells announced

  

  Rockhopper Exploration declared a second oil and gas discovery in Falkland Islands waters and announced the drilling of an additional two wells. The announcement comes exactly two years to the day since the Falklands’ shore based yard began its work in support of oil development in the Islands.

• Wednesday, November 9th 2011 - 07:09 UTC

  Argentina launches tender for 90 cargoes of LNG in 2012; up 80% from 2011

  

  Argentina's state energy company Enarsa has launched an international tender for the delivery of a more-than-expected 90 cargoes of LNG in 2012 to meet rising energy demand, a source said Tuesday.

• Tuesday, November 8th 2011 - 08:13 UTC

  YPF announces a billion barrels shale-oil discovery in Argentina

  

  Oil company YPF confirmed Monday the finding of its biggest oil discovery in Argentina yet to the Buenos Aires stock exchange. The discovery was made in the Neuquén province and is equivalent to 927 million barrels.

• Friday, November 4th 2011 - 08:31 UTC

  ‘Ocean Guardian’ oil rig leaves Falkland Islands waters by March 2012.

  

  The Ocean Guardian oil rig is Falkland Islands waters since February 2010 prepares to leave the Islands in early 2012 for a contract with another operator.

• Monday, October 31st 2011 - 05:37 UTC

  First carbon-composite airliner flies makes its first commercial link

  

  The Boeing 787 Dreamliner, the world’s first carbon-composite airliner, flew to Hong Kong from Tokyo carrying its first paying passengers this week.