Energy & Oil

Tuesday, December 21st 2010 - 18:11 UTC
Chile’s state oil company looking for associates to drill in Tierra del Fuego

Chile's state oil firm ENAP is seeking joint ventures with foreign companies to explore for crude and gas at five blocks in the country's extreme south region and has invited over twenty corporations to participate, announced the company.
Monday, December 20th 2010 - 18:36 UTC
Falklands’ Rockhopper plans two new wells and is discussing a “Discovery Area”

The Falklands Rockhopper Exploration (AIM: RKH) exploration company ratified Monday its full commitment to oil exploration in the Islands waters on announcing an agreement to increase the number of drilling options, further 3D seismic surveying and discussions with the Falklands’ government for the declaration of a Discovery Area where it stuck oil earlier this year.
Monday, December 20th 2010 - 08:05 UTC
Falkland Islands: Desire Petroleum plc, Operation Update

Desire Petroleum plc (DES:AIM) the oil and gas company wholly focussed on the North Falkland Basin, wishes to provide the following operations update.
Tuesday, December 14th 2010 - 14:05 UTC
Colombia’s Ecopetrol announces seventh technical oil discovery in 2010

Colombia’s Ecopetrol has reported oil shows from a second stratigraphic well on the Cano Sur block, where Shell holds a 50% stake. Ecopetrol said that it completed drilling of the Draco-1 well, located in the southeastern province of Meta.
Sunday, December 12th 2010 - 23:31 UTC
Saudi’s 70/80 US dollars a barrel stance prevails at OPEC meeting in Ecuador

Leading OPEC producer Saudi Arabia said it still favoured a 70-80 US dollars price range for oil, a restatement of a two-year-old policy that will be welcomed by consumer nations worried that rising oil prices may get out of control and hamper global economic recovery.
Saturday, December 11th 2010 - 00:28 UTC
Chinese company takes over Occidental petroleum assets in Argentina

China Petrochemical Corp, parent of Sinopec Corp, agreed to buy all of US-based Occidental Petroleum Corp's oil and gas assets in Argentina for 2.45 billion US dollars, marking the energy giant's first foray into the upstream market in Argentina.
Friday, December 10th 2010 - 18:20 UTC
Chile begins construction of 1 MW solar energy plant to supply copper mine

Last December 2, a ceremonial first stone was laid to mark the start of construction of a photovoltaic solar plant near the northern Chilean city of Calama.
Wednesday, December 8th 2010 - 05:07 UTC
Argentina discovers in Patagonia largest gas reserve in 35 years

Argentine President Cristina Fernández de Kirchner was in charge of leading the Tuesday ceremony in which Repsol-YPF announced the discovery of a massive shale gas reserve, the largest in 35 years that could help the country reduce its imports of the fuel.
Monday, December 6th 2010 - 07:32 UTC
Falkland Islands: Desire drilling update

Desire Petroleum plc (AIM:DES) the oil and gas company wholly focussed on the North Falkland Basin, today provides the following update on the latest logging results from the 14/15-2 Rachel North well which, following additional wireline data, will be plugged and abandoned with oil shows .
Saturday, December 4th 2010 - 06:38 UTC
Reports that Repsol-YPF have made a major natural gas discovery in Neuquén

Repsol-YPF has made a mega natural gas strike in the Patagonian province of Neuquen which could supply Argentina with energy for the next half century at least according to an online publication, lapoliticaonline.