Energy & Oil

• Monday, August 15th 2011 - 22:04 UTC

  Rockhopper raises its estimate of oil in North Falkland basin to 608 million barrels

  

  Rockhopper Exploration PLC upgraded its estimates of how much oil it could find off the Falkland Islands, boosting hopes that the remote territory in the South Atlantic could become a new oil province.

• Thursday, August 11th 2011 - 06:21 UTC

  Brazilean company fully committed to oil exploration off-shore Namibia

  

  Brazilian oil and gas start-up HRT boosted its net potential oil resources 12% to 7.9 billion barrels of oil equivalent (boe) following a certification study of its assets in Namibia.

• Tuesday, August 9th 2011 - 12:51 UTC

  Leading wind turbine maker to establish assembly plant in Brazil

  

  Danish wind turbine maker Vestas is to establish its first assembly plant in Brazil and expects it to be operational in the fourth quarter.

• Tuesday, August 9th 2011 - 07:56 UTC

  Falklands’ appraisal well confirms extension of oil find described as ‘commercially viable’

  

  Rockhopper Exploration said on Tuesday an oil discovery in Falkland Islands waters extends to the west of the original well, adding to hopes that the oil find is large enough to open up a new province in the remote South Atlantic.

• Saturday, August 6th 2011 - 08:29 UTC

  Soft loans for Brazilian suppliers of the oil and gas industry

  

  Brazil’s state-owned BNDES development bank said it planned to provide about 2.55 billion dollars in financing over the next four years to suppliers to the country’s oil and gas industry.

• Saturday, August 6th 2011 - 00:06 UTC

  Paraguay/Uruguay sale of power remains blocked by Argentina

  

  The sale of power from landlocked Paraguay to Uruguay remains in suspense given a “difference” in the toll price for the use of the Argentine grid to deliver the power.

• Wednesday, August 3rd 2011 - 06:58 UTC

  CFK and Mujica underline ‘importance of dialogue’ and overcoming conflicts

  

  President Cristina Fernandez de Kirchner, CFK, underlined the importance of dialogue between Argentina and Uruguay which enable to overcome ‘conflicts’, while her Uruguayan peer Jose Mujica said that the “good neighbours” policy is the only way forward and a win-win situation for both sides.

• Tuesday, August 2nd 2011 - 12:50 UTC

  Spanish group receives soft funding to expand wind farms in south of Brazil

  

  Spain’s Elecnor group is building more wind power plants in Brazil’s southern state of Rio Grande do Sul totalling an estimated 300 MW. The undertaking was boosted by funding from Brazil economic and social development bank, BSDES)

• Friday, July 29th 2011 - 07:08 UTC

  Repsol-YPF earnings hit by civil war in Libya and labour strikes in Argentina

  

  Repsol-YPF, Spain’s largest oil company, said second-quarter earnings fell 7.3% after refining margins narrowed and output declined because of the civil war in Libya and strikes in Argentina.

• Thursday, July 28th 2011 - 11:32 UTC

  Venezuela remains committed to compensate oil companies, says minister

  

  Venezuela said it remains committed to compensating Exxon-Mobil and Conoco-Phillips for nationalized oil assets, as long as the amount is reasonable and either settle by mutual agreement or set by the World Bank’s arbitration panel.