Energy & Oil

• Saturday, October 30th 2010 - 05:16 UTC

  New ultra-deep pre-salt offshore find confirms Brazil an oil giant

  

  Brazil’s oil industry regulator announced Friday that a recent ultra-deep offshore find is estimated to hold between 3.7 billion and 15 billion barrels of oil equivalent, which could make it the largest crude accumulation in the country’s pre-salt region and the biggest discovery in the Western Hemisphere in more than three decades.

• Thursday, October 28th 2010 - 05:29 UTC

  Petrobras confirms light oil at deepwater exploration well in north-east

  

  Brazilian government-controlled energy giant Petrobras said signs of oil found at in its first deepwater exploration well in the Sergipe-Alagoas Basin mark the opening of a new “exploratory frontier”.

• Thursday, October 28th 2010 - 05:09 UTC

  Falklands’ Desire shares soar amid speculation of bid approach

  

  Shares in Falkland Islands exploration company Desire Petroleum (DES.L) more than doubled on Wednesday following internet bulletin board speculation of a bid approach for the Falklands focused explorer and an oil find, traders said.

• Wednesday, October 27th 2010 - 10:42 UTC

  Falkland Islands: Desire Petroleum announce a 3D Seismic Programme

  

  Desire Petroleum plc (AIM:DES), the oil and gas company wholly focused on the North Falkland Basin, is pleased to announce the signing of a contract for marine seismic acquisition services with Polarcus Limited for the use of the seismic vessel MV Polarcus Nadia.

• Tuesday, October 26th 2010 - 04:59 UTC

  Argentina announces production of enriched uranium for 2011

  

  Argentina will produce the first batch of enriched uranium for civilian purposes next year as part of the re-launching of its atomic power industry, President Cristina Fernandez de Kirchner said Monday.

• Monday, October 25th 2010 - 03:49 UTC

  Petrobras Confirms Tupi Field Could Hold 8 Billion Barrels

  

  Brazilian state-controlled energy giant Petrobras said Friday that the drilling of a new exploratory well at the offshore Tupi field confirms potential recoverable reserves of between 5-8 billion barrels of oil equivalent.

• Monday, October 25th 2010 - 02:39 UTC

  Controversy in Bolivia about the country’s proven gas reserves

  

  According to a recent audit commissioned by the Bolivian government and conducted by US-based consulting firm Ryder Scott allegedly shows that the country has only 8.3 trillion cubic feet of proven gas reserves, sharply lower than the range of 12.8 trillion to 26.7 trillion that has appeared in contradictory official versions.

• Saturday, October 23rd 2010 - 03:29 UTC

  Russia Gazprom joins France’s Total in Bolivian gas joint venture

  

  Russian energy company Gazprom has plans to take a 20% stake in natural gas projects in Bolivia, the gas monopoly said. Gazprom said it could take the stake under the terms of a September deal with French energy company Total for the Ipati and Aquio gas blocks in Bolivia.

• Friday, October 22nd 2010 - 03:50 UTC

  Two Falklands’ exploration companies to begin 3D seismic surveying in January

  

  Two Falkland Islands hydrocarbons exploration companies have signed contracts for marine seismic acquisition services with Polarcus Limited. The contracts were announced Thursday and should be operational by early January 2011.

• Monday, October 18th 2010 - 21:58 UTC

  Rockhopper plans to raise £ 200 million for further oil drilling in Falklands

  

  Rockhopper Petroleum Plc, an oil explorer focused on the Falkland Islands, plans to raise about £200 million (318 million USD) through a share placement to pursue additional appraisal of its Sea Lion prospect.