Energy & Oil

• Tuesday, November 23rd 2010 - 03:10 UTC

  Falklands’ oil company contracts exploration rig to operate end of 2011

  

  DryShips has won an exploration contract to drill offshore the Falkland Islands. The Greek company received a letter of intent for the Eirik Raude and will drill two weels for approximately 90 days beginning in the fourth quarter of 2011.

• Tuesday, November 23rd 2010 - 02:50 UTC

  Argentina purchases 43 turbines for wind farms in Patagonia’s Rawson

  

  Denmark’s Vesta Wind Systems has received an order from Argentina for 43 V90-1.8 MW wind turbines (totalling 77 MW) to be mounted in the Rawson I wind farm and Rawson II wind farm both located in the outskirts of Rawson, Chubut province, Argentine Patagonia.

• Monday, November 22nd 2010 - 20:54 UTC

  Italy’s Eni to invest 7 billion USD in developing Venezuela’s oil and gas reserves

  

  Petroleos de Venezuela SA and Italy’s Eni SpA said they’ll jointly invest 17 billion US dollars to produce and refine heavy crude in the Orinoco Belt.

• Friday, November 19th 2010 - 01:54 UTC

  Goldman Sachs makes a positive near term appraisal of Falklands’ oil industry

  

  The Falkland Islands will continue to be an important focus for European exploration and production (E&P) oil and gas investors in the near term, according to research by Goldman Sachs.

• 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.