Energy & Oil

• 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.

• Saturday, October 29th 2011 - 03:42 UTC

  Falklands’ Desire Petroleum shows report confirming prospectivity of its licences

  

  Falkland Islands oil explorer Desire petroleum unveiled Friday a new competent person's report (CPR), which it hailed as confirmation of the “prospectivity” of its licences.

• Saturday, October 29th 2011 - 03:04 UTC

  US bio-fuel production increase: fact or wishful thinking?

  

  A recent study, released on 11 October, “Bio-fuel Markets and Technologies” released by Pike Research states that the global bio-fuel market will double within the next decade to 183.3 billion dollars from its current level of 82.7 billion, with ethanol production accounting for 78 billion of future worldwide bio-fuel production, while predicting that bio-diesel production will reach 25.5 billion.

• Thursday, October 27th 2011 - 16:16 UTC

  Drilling program in central Argentina makes three oil discoveries

  

  Petrogas announced three conventional oil discoveries from the recently-completed exploration drilling program on the Rinconada Norte block (96 sq. km. or 37 sections) located in La Pampa Province in the eastern margin of the Neuquén Basin of Argentina.

• Wednesday, October 26th 2011 - 16:35 UTC

  Good reception for Uruguay’s offshore hydrocarbons seismic data

  

  Uruguay’s oil and gas refining corporation, Ancap, reported it has sold seismic data on the country’s continental shelf hydrocarbons potential for the value of 20 million dollars which more than covers the costs involved in the several surveying operations.

• Wednesday, October 26th 2011 - 05:10 UTC

  Leiv Eirksson oil rig leaves for the Falklands from Greenland next month

  

  When the Leiv Eriksson, a rig built to hunt for oil beneath 10,000 feet of water in the world’s roughest seas, finishes drilling a well off Greenland’s west coast next month, it will sail for its next job -- a prospect 9,000 miles away, south of the Falkland Islands.

• Saturday, October 22nd 2011 - 11:14 UTC

  Germany sets aside 130bn dollars for renewable energy to replace 28% nuke power

  

  German Chancellor Angela Merkel announced on 30 May that Germany, the world's fourth-largest economy and Europe's biggest, would shutter all of its 17 nuclear power plants between 2015 and 2022, an extraordinary commitment, given that they currently produce about 28% of the country's electricity.

• Saturday, October 22nd 2011 - 00:43 UTC

  Mercosur and EU will be ready to exchange trade proposals ‘in June 2012’

  

  Mercosur and the European Union are committed to presenting their proposals with list of products for a free trade agreement in June 2012, announced on Friday Uruguay’s Foreign Affaire minister Luis Almagro.