Energy & Oil

• Friday, September 9th 2011 - 09:23 UTC

  Uruguay launches second round of hydrocarbons offshore exploration

  

  Uruguay detailed plans to auction 15 offshore exploration blocks on Thursday, part of the energy-short country's efforts to reduce its dependence on imports of oil and natural gas.

• Friday, September 9th 2011 - 09:18 UTC

  Falkland Oil & Gas confirms drilling rig for two slots in the first half of 2012

  

  Falkland Oil and Gas (FOGL), the exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, reiterated it has signed a contract for the Leiv Eiriksson drilling rig for two firm slots in the first half of 2012.

• Wednesday, September 7th 2011 - 11:13 UTC

  Argentina en route to importing three times more natural gas than in 2010

  

  Argentina could import 66 liquefied natural gas cargoes in 2011 triple the amount it purchased last year, according to data from state energy company Enarsa.

• Saturday, September 3rd 2011 - 07:51 UTC

  Uruguay oil company announces exploratory drilling inland with own resources

  

  Uruguay’ government owned oil corporation ANCAP said on Friday it had begun exploratory drilling inland with its own resources. The announcement was done during the presentation of the II Uruguay Round to tender offshore exploratory blocks which has attracted interest from several regional and international corporations.

• Saturday, September 3rd 2011 - 07:43 UTC

  Power failure leaves 13 Brazilian states in the dark; third major outage in 3 years

  

  A failure affecting four transmission lines left four Brazilian regions (thirteen states) partially without electricity on Friday, highlighting the growing strain on the nation's power infrastructure.

• Friday, September 2nd 2011 - 08:23 UTC

  Brazil to reclaim sub-salt oil exploration blocks awarded in 2006 auction

  

  Brazil's government will reclaim promising oil exploration blocks won by companies in a bidding round five years ago but never formally leased to the winners, the country's energy minister Edison Lobao said.

• Wednesday, August 31st 2011 - 19:45 UTC

  Panama has an estimated 900 million barrels of oil in two basins, confirm surveys

  

  Some 900 million barrels of oil have been detected at two basins in eastern Panama, representing a potential contribution to the country’s coffers of 15 billion dollars over 20 years, the National Energy Secretariat announced.

• Wednesday, August 31st 2011 - 08:46 UTC

  Rush to explore and develop shale oil and natural gas in Argentina’s Neuquen basin

  

  Exxon Mobil Corp, the largest US oil company, will spend as much as 76.3 million dollars to explore and develop shale oil and natural gas in Argentina with Americas Petrogas Inc.

• Wednesday, August 31st 2011 - 08:34 UTC

  Global production of bio-fuels increased 17% last year reaching 105 billion litres

  

  Global production of bio-fuels increased 17% in 2010 to reach an all-time high of 105 billion liters, up from 90 billion liters in 2009.

• Wednesday, August 31st 2011 - 08:11 UTC

  Mexico’s Pemex gains strong position in Spain’s Repsol with voting alliance

  

  Mexico's state oil monopoly Pemex said on Tuesday it aims to boost its access to top-end technology to explore for oil in the deep waters of the Gulf of Mexico by increasing its stake in Spanish oil firm Repsol.