Energy & Oil

• Wednesday, October 12th 2011 - 06:39 UTC

  Falklands Desire Petroleum and Rockhopper reach farm-out agreement and on new drillings

  

  Falkland Islands Desire Petroleum plc announced Wednesday that it has agreed the terms of a farm-out agreement, subject to the approval of the Falkland Islands Government, with Rockhopper Exploration PLC over the northern section of its Tranche D (PL004) licence.

• Wednesday, October 12th 2011 - 05:58 UTC

  Uruguayan president on ten-day European trade and business tour

  

  Uruguayan president Jose Mujica left on Tuesday for a ten day visit to Europe that will take him to Sweden, Norway, Germany and Belgium, where he is expected to promote trade, investments and economic development.

• Wednesday, October 12th 2011 - 05:51 UTC

  Sharp economic predictor selling his firm because it looses money

  

  Roubini Global Economics, the global investment research firm co-founded by doom and gloom economist Nouriel Roubini, is reportedly for sale, according to a report from CNBC.

• Tuesday, October 11th 2011 - 08:27 UTC

  Falklands’ Rockhopper latest well unconvincing but drilling campaign continues

  

  Falklands’ oil explorer Rockhopper said the latest well in its controversial drilling campaign in the South Atlantic Islands has come up dry.

• Sunday, October 9th 2011 - 07:20 UTC

  Chilean controversial Patagonia mega-dam project to be appealed at Supreme Court

  

  A Chilean appeals court in Puerto Montt voted 3 to 1 to reject seven lawsuits brought against the proposed controversial HidroAysén hydroelectric mega-dam approved by the Chilean government on May 9 of this year.

• Thursday, October 6th 2011 - 02:57 UTC

  Preliminary reports show Uruguay could have on shore recoverable gas reserves

  

  The chances for Uruguay of having significant commercial reserves of natural gas and oil are on the increase according to recent reports from US Energy and Geology agencies and published in the Montevideo press.

• Tuesday, October 4th 2011 - 06:34 UTC

  Spain concerned it might loose control of its flagship oil company Repsol

  

  Spain’s government is concerned that the country’s hydrocarbons flagship Repsol-YPF could fall into foreign hands following the 30% voting block made up of Mexico’s Pemex and construction company Sacyr Vallehermoso.

• Saturday, October 1st 2011 - 01:12 UTC

  CFK opens Argentina’s largest wind farm in Patagonia: 80MW

  

  President Cristina Fernandez opened Friday in Patagonia the largest wind farm in Argentina. The Rawson Aeolic Park will eventually generate 80 MW sufficient to supply 100.000 homes according to the private investors.

• Friday, September 30th 2011 - 23:26 UTC

  Oil prices end September 10% down on poor oil demand in Atlantic basin

  

  Oil prices fell on renewed economic concerns, putting Brent on track for about a 10% drop this month and its biggest quarterly decline in five quarters.

• Friday, September 30th 2011 - 06:09 UTC

  Falklands’ B&S Petroleum confirms 197m dollars to drill two wells in Jan/Feb

  

  Falkland Islands oil and gas explorer Borders & Southern Petroleum has swung into the black, just months before it embarks on its drilling program in the South Falkland Basin. The company posted pre-tax profits of 761.211 dollars in the six months ended June 30, compared to a loss of 672.185 in 2010.