Energy & Oil

Wednesday, September 23rd 2009 - 11:06 UTC
Rockhopper confirms real prospect of multi-well drilling in 2010 in Falklands

Rockhopper Exploration, the oil and gas explorer working in the North Falkland Basin said on Tuesday that it had a very real prospect of taking part in a multi-well drilling campaign in 2010.
Tuesday, September 22nd 2009 - 05:19 UTC
France’s Total predicts oil at 100 USD because of underinvestment

The head of French oil giant Total has told the BBC the world could face a shortage of oil because of underinvestment. Chief executive Christophe de Margerie warned that too little has been spent trying to tap into new oil reserves because of the economic crisis.
Monday, September 21st 2009 - 11:24 UTC
Brazil’s Petrobras is the world’s eighth biggest in market value

Brazil’s government managed oil and gas company Petrobras is the world’s eighth biggest global company in market value, according to a survey carried out by Ernst & Young.
Friday, September 18th 2009 - 10:57 UTC
Brazil confident of becoming oil super power in the next ten years

Brazil will have crude for half a century and become a leading oil exporter and “an important player in international geopolitics” the country’s energy minister said during a congressional hearing.
Friday, September 18th 2009 - 10:54 UTC
Petrobras to concentrate all investments in pre-salt deposits

Brazilian government managed oil and gas company Petrobras will freeze overseas investments as the company concentrates on its primary role to develop recently discovered offshore oil reserves, CEO Jose Sergio Gabrielli said Thursday.
Thursday, September 17th 2009 - 13:26 UTC
China to invest 16 billion USD to develop new oilfields in Venezuela

Venezuelan President Hugo Chavez announced Wednesday that China will invest 16 billion US dollars to boost oil production in the country particularly along the Orinoco River, as part of a strategy to reduce dependence on the US market.
Monday, September 14th 2009 - 08:57 UTC
Australia signs 60 billion USD deal to supply gas to Japan and South Korea

US oil firm Chevron has signed 60 billion US dollars worth of deals to supply natural gas to Japan and South Korea from its Gorgon project in Australia. Chevron Australia said it would supply Osaka Gas with 1.375 million tonnes of natural gas a year over 25 years.
Saturday, September 12th 2009 - 12:05 UTC
Repsol makes huge natural gas discovery offshore Venezuela

Spain’s biggest oil company Repsol-YPF announced on Friday the discovery of a Venezuelan gas field containing as much as 8 trillion cubic feet of fuel, equivalent to 1.2 to 1.4 billion barrels, one of the world’s largest finds.
Saturday, September 12th 2009 - 10:45 UTC
Rockhopper Exploration joins Falklands’ oil drilling season

Oil and gas explorer Rockhopper Exploration with licences in the North Falkland Basin announced Friday it had agreed terms with a third party energy company for a farm-in to one of the Company’s licences, including support for the costs of drilling one well.
Friday, September 11th 2009 - 11:31 UTC
Fakland Islands: Weekly Penguin News Update

DESIRE SHARE PRICE SOARS ON BACK OF OIL NEWS.
Desire Petroleum shareholders who have stood by their investments for more than a decade were rewarded yesterday when the news that a rig had been sourced sent shares leaping almost 40 per cent to 89p.