Energy & Oil

• 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.

• Saturday, September 25th 2010 - 03:05 UTC

  Technical constraints limit Falklands’ oil well flow test to 2.000 bopd

  

  Rockhopper Exploration said that during the testing of its Sea Lion well in the Falkland Islands, problems limited the amount of oil extracted to just an average of 2000 barrels per day (bopd). Otherwise, it could have produced sustained rates of at least double that, at 4000 bopd, “without these constraints”.

• Saturday, September 25th 2010 - 03:01 UTC

  Brazil’s oil prospects break all records of share placing: 70 billion US dollars

  

  Brazil's government managed oil and gas company raised 70 billion US in the world's biggest-ever share offering Thursday. The success of Petrobras issue showed the extent of investor interest in Brazil's massive offshore oil reserves, one of the world's fastest-growing regions for energy production.

• Friday, September 17th 2010 - 20:43 UTC

  Rockhopper declares Falklands’ oil discovery will be commercially viable

  

  Rockhopper Exploration (RKH.L) said it believed its oil discovery offshore the Falklands Islands will be commercially viable. A test at the Sea Lion 1 well in the North Falkland basin produced sustained rates of over 2,000 barrels of oil per day, in line with its hopes, Rockhopper said in a statement on Friday.

• Friday, September 17th 2010 - 06:39 UTC

  Successful testing of ninth out of ten oil-wells in extreme south of Chile

  

  Latin American oil and gas firm GeoPark Holdings Ltd said on Thursday it successfully drilled and tested a new well in the Guanaco oil field on the Fell Block in the extreme south of Chile.

• Friday, September 17th 2010 - 06:30 UTC

  Chinese oil company after BP’s stake in Argentina’s Pan American Energy

  

  CNOOC, Ltd, China’s biggest offshore oil explorer, may bid 10.2 billion USD for BPs 60% stake in Argentina’s Pan American Energy LLC and will probably seek a partner in the acquisition, Citigroup Inc. said.