Energy & Oil

• Wednesday, December 2nd 2009 - 05:38 UTC

  Repsol-YPF makes major oil discovery in Neuquen basin

  

  Spain’s Repsol YPF confirmed in Buenos Aires local media reports that it has hit oil in Argentina's Neuquen province, but the potential from the well has still not been technically certified, a company spokesman said.

• Tuesday, December 1st 2009 - 12:51 UTC

  Falkland Islands Holdings nets £ 3.1 million with FOGL shares sale

  

  Services group Falkland Islands Holdings has reduced its stake in Falkland Oil and Gas Ltd, the oil and gas exploration company focused on licence areas to the South and East of the Falkland Islands.

• Saturday, November 28th 2009 - 05:15 UTC

  Brazil still recovering from major outage, suffers blackout in Olympic city Rio

  

  Brazil has endured another major blackout and officials remain unclear what is causing the problem. Higher-scale Rio de Janeiro beach neighbourhood earlier in the week suffered an outage forcing employees to be sent home as restaurants and other businesses disposed of spoiled food.

• Friday, November 27th 2009 - 11:16 UTC

  Norway opens world’s first osmotic power plant prototype

  

  Norwegian renewable energy giant Statkraft has switched on the world's first osmotic power plant prototype - using a technology which produces electricity from a process which mixes fresh water and salty sea water.

• Friday, November 27th 2009 - 08:57 UTC

  Falklands’ exploratory oil drilling season takes off

  

  Falkland Oil & Gas Ltd. and Explorers Borders & Southern Petroleum are set to boost their coffers via share sales, with the cash earmarked for drilling work off the Falkland Islands, reports Upstreamonline. Oil rig “Ocean Guardian” left Scotland.

• Friday, November 27th 2009 - 05:19 UTC

  Spain’s Repsol only interested in selling minority stake in YPF

  

  Spain's main oil company Repsol is not interested in selling more than a minority stake in its Argentine YPF unit, despite a report it had a new Chinese bid on the table for a majority holding.

• Wednesday, November 25th 2009 - 10:05 UTC

  Oil rig “Ocean Guardian” leaves on 62-day journey to the Falklands

  

  A tug boat is to haul a North Sea oil and gas exploration rig from a Highlands deep water port on a 62-day journey to the Falkland Islands. The “Ocean Guardian” rig will be used by Desire Petroleum to explore reserves in the North Falkland Basin.

• Tuesday, November 24th 2009 - 12:57 UTC

  Boeing 747 flies an engine with 50% bio-kerosene mix

  

  A Boeing 747, one of four engines powered by a 50% bio-kerosene mix, circled the Netherlands for an hour on Monday for what airline KLM called the world's first passenger flight using bio-fuel.

• Thursday, November 19th 2009 - 13:08 UTC

  BG Group plans to invest 20 billion USD to develop oil and gas in Brazil

  

  The president of British Gas Group in Brazil, Nelson Silva said this week that the company plans to invest 20 billion US dollars in the country until 2020.

• Tuesday, November 17th 2009 - 01:02 UTC

  Repsol cutting EP investment plans to reduce costs

  

  Repsol-YPF, Spain’s biggest oil company cut its five-year exploration and production investment plan to reduce costs as the economic slowdown saps earnings. Repsol will invest an estimated 8.76 billion Euros in E&P from 2008 through 2012, down from an earlier plan to spend 9.3 billion Euros, the Madrid-based company announced Monday.