Energy & Oil

Wednesday, November 17th 2010 - 00:53 UTC
Geopark drills and tests new oil well in Chile’s Magallanes region

Oil and gas explorer Geopark Holdings Ltd (GPK.L) announced on Tuesday it successfully drilled and tested a new well in the Magallanes Region, extreme south of Chile where it has been operating for several years.
Tuesday, November 16th 2010 - 22:35 UTC
Russia joins the oil rush in Cuba’s Gulf of Mexico coast

Russian energy firm Gazprom has joined a growing list of foreign companies searching for oil off Cuba's coast.
Tuesday, November 16th 2010 - 08:51 UTC
Rockhopper Exploration plc: Interim Results for the Six Months Ended 30 September 2010

Rockhopper Exploration, the North Falkland Basin oil and gas exploration company, is pleased to announce its interim results for the six months ended 30 September 2010
Monday, November 15th 2010 - 18:58 UTC
Falklands’ wind power contribution new record: 40% of Stanley’s consumption

Annual wind power contribution in the Falkland Islands has set a new record with the significant milestone of 40% of renewable contribution, according to Stanley Power Station Manager Glenn Ross.
Friday, November 12th 2010 - 02:22 UTC
Second oil rig to join Falklands’ oil exploration round next year

A second oil rig is scheduled to begin exploratory drilling of two wells in Falkland Islands waters in a year’s time following a letter of intent signed by Borders & Southern Petroleum with Ocean Rig UDW this week in Houston.
Wednesday, November 10th 2010 - 04:44 UTC
Petrobras leases 20 drilling rigs to become operational in next two years

Brazil’s government managed oil and gas corporation Petrobras announced it leased 20 foreign drilling rigs that will start operating in the next two years as it seeks to boost its capacity to explore for and produce oil.
Tuesday, November 9th 2010 - 15:09 UTC
Falklands’ Desire given the green light to drill second well in Rachel prospect

Falkland Islands Desire Petroleum confirmed Tuesday it had secured regulatory and partner approvals to drill a second well 14/15-2 well in the North Falkland basin Rachel prospect.
Friday, November 5th 2010 - 03:11 UTC
Plans filed for US$100 million wind farm in Southern Chile

The Bosques de Chile firm this week filed paper work with environmental authorities for authorization to proceed with a US$100 million wind farm investment off the coast of Chiloé Island near Dalcahue.
Wednesday, November 3rd 2010 - 02:05 UTC
Falklands Desire plans drilling a second vertical well at the Rachel prospect

Falklands’ Desire Petroleum announced that its sidetrack well in the Rachel prospect was exposed to a mechanical failure and therefore it will not be possible to obtain any wire-line logging data.
Monday, November 1st 2010 - 16:39 UTC
Falklands’ exploration company Desire unable to reach drilling target depth

Falkland Islands oil explorer Desire Petroleum (DES.L) said a closely-watched sidetrack well on its Rachel prospect in the Falkland Islands was unable to reach target depth and it would clean the hole out before trying again.