Energy & Oil

• Friday, October 8th 2010 - 17:28 UTC

  Falklands’ private sector project for an oil industry multi-million port

  

  An ambitious new multi-million pound port development – specifically for the burgeoning oil industry in the Islands – has been proposed for the western coast of East Falkland Islands.

• Friday, October 8th 2010 - 00:10 UTC

  Repsol-YPF optimistic about finding oil in Islas Malvinas waters

  

  Spanish oil and gas company Repsol-YPF praised its Argentine YPF associates and said he was hopeful that “soon” the company “would discover hydrocarbons in the Islas Malvinas waters”, as has happened in Brazil.

• Friday, October 8th 2010 - 00:06 UTC

  Argentina investigates Dutch company that surveyed in Falklands’ waters

  

  Fugro NV the world’s largest surveyor of sea-beds and deepwater for the mining and oil industries, said it doesn’t believe it broke the law when it carried out work near the Falkland Islands that has become the subject of an Argentine investigation.

• Wednesday, October 6th 2010 - 23:21 UTC

  Chilean state oil company ENAP strikes natural gas deposit in Tierra del Fuego

  

  Chilean state owned oil and gas company Empresa Nacional del Petroleo SA, Enap, discovered a new natural-gas well on the Arenal exploration block on the Tierra del Fuego island in the extreme south Magallanes region, the company said Wednesday.

• Friday, October 1st 2010 - 18:20 UTC

  Chinese oil group Sinopec buys 40% of Repsol-YPF Brazil operations

  

  China’s Sinopec group, the country’s second-largest oil and gas producer, will invest 7.1 billion US dollars in Repsol-YPF’s Brazilian unit as the Spanish oil company raises funds to develop offshore projects.

• Friday, October 1st 2010 - 18:18 UTC

  Chevron given green light for exploratory drilling off Shetland Islands

  

  Oil firm Chevron has received government consent to drill an exploration well to evaluate a controversial prospect off Shetland. The deep-water Lagavulin prospect is 160 miles north of the islands.

• Thursday, September 30th 2010 - 23:54 UTC

  FOGL and BHP Billiton committed to drill a well in north Falkland basin

  

  Falkland Oil & Gas Ltd and associate BHP Billiton have been granted by the Falkland Islands government an extension of Phase I of their northern Falkland licences and should be drilling one exploration well before 15 December 2011, according to a release from the FOGL. BHPB Petroleum (Falklands) is part of the larger Anglo-Australian BHP Billiton resources conglomerate.

• Tuesday, September 28th 2010 - 08:27 UTC

  Falkland Oil and Gas Limited - Licence Update

  

  FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, announces certain changes to its licence arrangements with the Falkland Islands Government.

• Monday, September 27th 2010 - 17:56 UTC

  Falklands: Desire begins drilling second exploration well, Rachel 14/15-1

  

  Desire Petroleum (AIM:DES) the first oil and gas exploration company to contract a rig and begin the current round of drilling in the Falkland Islands announced Monday the spudding of its second exploration well, Rachel 14/15-1.

• Saturday, September 25th 2010 - 03:14 UTC

  Falklands Desire raises an extra £ 22.8 million for further oil seismic surveying

  

  Desire Petroleum (AIM:DES), one of the Falkland Islands oil exploration companies announced Friday it had successfully placed 16,294,600 shares at 140 pence each raising £22.8 million before expenses.