Energy & Oil

• 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.

• Tuesday, November 9th 2010 - 15:09 UTC

  Falklands’ Desire given the green light to drill second well in Rachel prospect

  

  Falkland Islands Desire Petroleum confirmed Tuesday it had secured regulatory and partner approvals to drill a second well 14/15-2 well in the North Falkland basin Rachel prospect.

• Friday, November 5th 2010 - 03:11 UTC

  Plans filed for US$100 million wind farm in Southern Chile

  

  The Bosques de Chile firm this week filed paper work with environmental authorities for authorization to proceed with a US$100 million wind farm investment off the coast of Chiloé Island near Dalcahue.

• Wednesday, November 3rd 2010 - 02:05 UTC

  Falklands Desire plans drilling a second vertical well at the Rachel prospect

  

  Falklands’ Desire Petroleum announced that its sidetrack well in the Rachel prospect was exposed to a mechanical failure and therefore it will not be possible to obtain any wire-line logging data.

• Monday, November 1st 2010 - 16:39 UTC

  Falklands’ exploration company Desire unable to reach drilling target depth

  

  Falkland Islands oil explorer Desire Petroleum (DES.L) said a closely-watched sidetrack well on its Rachel prospect in the Falkland Islands was unable to reach target depth and it would clean the hole out before trying again.

• Saturday, October 30th 2010 - 05:16 UTC

  New ultra-deep pre-salt offshore find confirms Brazil an oil giant

  

  Brazil’s oil industry regulator announced Friday that a recent ultra-deep offshore find is estimated to hold between 3.7 billion and 15 billion barrels of oil equivalent, which could make it the largest crude accumulation in the country’s pre-salt region and the biggest discovery in the Western Hemisphere in more than three decades.

• Thursday, October 28th 2010 - 05:29 UTC

  Petrobras confirms light oil at deepwater exploration well in north-east

  

  Brazilian government-controlled energy giant Petrobras said signs of oil found at in its first deepwater exploration well in the Sergipe-Alagoas Basin mark the opening of a new “exploratory frontier”.

• Thursday, October 28th 2010 - 05:09 UTC

  Falklands’ Desire shares soar amid speculation of bid approach

  

  Shares in Falkland Islands exploration company Desire Petroleum (DES.L) more than doubled on Wednesday following internet bulletin board speculation of a bid approach for the Falklands focused explorer and an oil find, traders said.