Energy & Oil

• Monday, July 12th 2010 - 21:40 UTC

  First oil drill in south of Falklands ‘disappointing’, but company keeps to program

  

  The first well to be drilled at the south of the Falkland Islands proved to be a disappointment, Falkland Oil and Gas Ltd, FOGL, officially announced to the London Stock Exchange.

• Friday, July 9th 2010 - 03:57 UTC

  Fifth company, Argos plans to drill for oil off the Falkland Islands says FT

  

  A fifth UK company plans to drill for oil off the Falkland Islands after it raises £70m in a London stock market listing, reports the Financial Times. Argos Resources, which holds licences next to the landmark 250m-barrel Falklands’ oil discovery made by peer Rockhopper Exploration in May, hopes to achieve a £200m value on AIM.

• Thursday, July 8th 2010 - 08:06 UTC

  Oil and gas finds in the Magellan basin, extreme south of Chile

  

  Latin American oil and gas exploration and production company GeoPark Holdings (AIM: GPK) revealed this week new gas and oil finds on the Fell block in the extreme south of Chile.

• Monday, July 5th 2010 - 09:22 UTC

  Falkland Oil and Gas: Further Update on Toroa F61/5-1 Exploration Well Spud

  

  FOGL had been expecting to announce preliminary results of the well during this week; however, there have been some further delays due to some minor operational issues and weather related downtime.

• Saturday, July 3rd 2010 - 22:43 UTC

  Rockhopper confirms medium grade crude in North Falklands; FOGL to announce South Falklands results

  

  Rockhopper Exploration one of the four companies operating with Falkland Islands government licences reported last Friday that samples from its recent discovery on the Sea Lion prospect in the North Falkland basin have been confirmed as medium grade crude.

• Friday, July 2nd 2010 - 03:32 UTC

  BP Argentine assets on sale to pay for Gulf of Mexico spill; China interested

  

  China National Offshore Oil Corp., the country’s third-largest oil and gas company, declined to comment on reports it is holding talks to buy as much as 9 billion US dollars of BP Plc’s assets in South America.

• Thursday, July 1st 2010 - 07:26 UTC

  Lula da Silva signs bill for the capitalization of Petrobras

  

  The bill governing the capitalization of Brazilian energy giant Petrobras was approved Wednesday by President Lula da Silva. It is the first step to establish the new regulatory framework for exploiting crude oil under the pre-salt layer of the continental seabed of Brazil.

• Thursday, July 1st 2010 - 07:08 UTC

  Argentina prepares to begin drilling in Malvinas basin in second half of 2010

  

  Towards the end of the year Argentina’s YPF in association with Pan American Energy and Petrobras will begin exploring for oil in the Malvinas basin, following the contract for an oil rig which has been signed, according to oil industry sources in Buenos Aires.

• Wednesday, June 30th 2010 - 06:22 UTC

  Crucial natural gas pipeline opens in Patagonia to help energy short Argentina

  

  Argentina will inaugurate Wednesday a key new pipeline bringing natural gas from Tierra del Fuego Province to the neighboring province of Santa Cruz. The Strait of Magellan pipeline will initially transfer 5 million cubic meters a day of gas from Cabo Espiritu Santo in Tierra del Fuego Province to Cabo Virgenes in Santa Cruz.

• Wednesday, June 30th 2010 - 06:18 UTC

  Shell confirms oil discovery in pre-salt drilling at Campos Basin

  

  Royal Dutch Shell Brazil discovered oil in the Campos Basin's pre-salt region, the company said Tuesday. In a statement, Shell Brazil said it had discovered oil in the 3-SHEL-22-ESS well at the Nautilus field, part of the Parque das Conchas development that went on-stream in July 2009.