Energy & Oil

• Thursday, September 15th 2011 - 07:16 UTC

  Brazil mourns death of creator of the controversial ‘bio-diesel’

  

  Brazilian scientist Expedito Jose de Sá Parent, 70, who is considered the creator of bio-diesel died this week in Fortaleza. President Dilma Rousseff paid tribute to the researcher who developed the ‘green’ fuel from oilseeds.

• Thursday, September 15th 2011 - 07:04 UTC

  Fears Brazilian states’ battle for oil royalties share could turn nasty

  

  Brazil's government presented a plan on Wednesday for dividing up oil royalties among states, a crucial step in advancing its effort to tap deepwater reserves it hopes will turn the country into a major crude exporter.

• Wednesday, September 14th 2011 - 14:54 UTC

  Falklands’ Rockhopper unveiled 2bn dollars plan to extract oil by 2016

  

  British oil group Rockhopper Exploration has unveiled plans for a 2 billion dollars investment in the Falkland Islands, a move which will transform the remote territory into a new oil province.

• Monday, September 12th 2011 - 23:12 UTC

  Canadian company strikes oil in first of three exploratory wells in Neuquen basin

  

  Canada’s Americas Petrogas and venture partner Gran Tierra Energy have made a “significant discovery of oil” in the first of three exploration wells on the Rinconada Norte block in the Neuquen Basin of Argentina.

• Monday, September 12th 2011 - 20:56 UTC

  OPEC forecasts slower global oil demand and production

  

  OPEC cut its forecast Monday for global oil demand and production, citing the slowing economic recovery. In its monthly report, the Organization of Petroleum Exporting Countries said it expected demand growth to drop to 1.1 million barrels per day -- 150,000 barrels per day fewer than its earlier forecasts.

• Monday, September 12th 2011 - 01:46 UTC

  On request from government Repsol-YPF ratified investment plans in Argentina

  

  Argentina’s government will monitor ownership changes at Spain’s Repsol and it reserves the right to wield its golden share in YPF, the Spanish concern’s local unit, YPF, said in a statement after a board meeting that included a state-appointed director.

• Saturday, September 10th 2011 - 06:29 UTC

  Uruguay offered cheaper power from private wind-farm developers

  

  Uruguay could enjoy 1.3 billion dollars of wind farms in the next four years after developers said they could provide electricity cheaper than conventional energy sources.

• Friday, September 9th 2011 - 15:00 UTC

  Oil discovery off French Guiana, “mirror” of Jubilee field off Ghana, says Tullow

  

  Tullow Oil has announced an oil discovery from an exploration well off the coast of French Guiana. The drilling encountered 72 metres of net oil pay in two turbidite fans.

• 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.