Energy & Oil

• Monday, August 22nd 2011 - 20:32 UTC

  Rockhopper spuds new assessment well in Falklands’ Sea Lion Main Complex

  

  Monday morning Rockhopper Exploration announced the spudding of its latest exploration well, 14/10-7, to further test the Sea Lion oil discovery in Falkland Islands waters.

• Thursday, August 18th 2011 - 23:58 UTC

  Historic win for wind energy in Brazilian government power auction

  

  Wind farms have come out on top in the latest round of power auctions organized by Brazil’s government. Slowly letting go of government protection to compete head-to-head with historically cheaper fossil fuel energy, the wind power sector indicated its potential strength.

• Wednesday, August 17th 2011 - 23:15 UTC

  Venezuela: biggest oil reserves, but also record corruption and mismanagement

  

  Venezuela received an enviable honour last month: OPEC said it is sitting on the biggest reserves of crude oil in the world – even more than Saudi Arabia. But the Venezuelan oil industry is also sitting atop a well of trouble.

• 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.