US oil giant Exxon Mobil is buying natural gas producer XTO Energy in a deal worth 41 billion US dollars. XTO Energy, based in Texas, is an on-shore natural gas producer. The deal includes 10 billion of debt from XTO.
Chile’s opposition presidential candidate Sebastián Piñera is open to discuss the proposal from Falkland Oil and Gas Ltd, FOGL, for Chile’s national oil corporation to explore for oil in Falkland Islands waters, if he wins the elections next Sunday or in the January run off, according to Lower House member Marcelo Forni.
Chile reaffirmed Thursday that the country’s oil corporation Enap has no plans or prospects of exploring for oil in the Malvinas Islands maritime territory or any form of association with Falkland Oil and Gas Limited.
Desire Petroleum, which is focused on the North Falkland Basin announced Wednesday it is proposing a share issue to raise £20 million to make use of the full potential of its hydrocarbons exploratory drilling season scheduled to begin next February when the “Ocean Guardian” rig arrives.
Petrobras begins seismic surveying offshore Uruguay in early 2010 and will keep its level of investments in Argentina as part of the Latinamerica expansion policy of the Brazilian government managed oil and gas corporation.
Senior executives from Falkland Oil and Gas Limited (FOGL), which operates in the Falkland Islands, where it just announced the existence of significant oil reserves tempted Chile's State Oil Company (ENAP) into entering the business to help them explore and develop a 49,000 square meter basin in the South Atlantic.
Oil and gas exploration company Desire Petroleum, licensed to operate offshore the Falkland Islands announced the submission to the Falkland Islands government of the Environmental Impact Assessment (EIA) Addendum required for the planned drilling program.
Bolivia’s revenue from natural gas exports will reach this year 2 billion US dollars, which is a billion less that the 3.1 billion reported in 2008, according to the country’s Hydrocarbons Chamber, CBH.
THE Falklands private sector is set to benefit financially from the next oil drilling round scheduled to begin early in February.
Under the headline of “Falkland Islands oil reserves 'to help British economy'” the Telegraph points out that four British oil companies are exploring to the north and south of the Islands and that the British financial sector is pouring “around £ 327 million into the offshore projects”.