Energy & Oil

• Friday, September 17th 2010 - 06:30 UTC

  Chinese oil company after BP’s stake in Argentina’s Pan American Energy

  

  CNOOC, Ltd, China’s biggest offshore oil explorer, may bid 10.2 billion USD for BPs 60% stake in Argentina’s Pan American Energy LLC and will probably seek a partner in the acquisition, Citigroup Inc. said.

• Friday, September 17th 2010 - 03:37 UTC

  Korea/Argentina sign nuclear cooperation MOU; new light-water plant planned

  

  Argentina and South Korea signed on Thursday a memorandum of understanding (MOU) for bilateral collaboration in the nuclear sector. The MOU sets forth that the two nations will discuss concrete cooperation plans to build a new nuclear plant in Argentina and to repair the country's existing heavy water reactors.

• Wednesday, September 15th 2010 - 05:46 UTC

  Argentina confirms drilling in Malvinas basin for next December

  

  The Argentine press confirmed that following the contracting of a semi-submersible rig from the Swedish company Stensa, a consortium of Argentine based oil companies will begin exploratory drilling in the Malvinas basin next December.

• Monday, September 13th 2010 - 22:06 UTC

  Argos confirms Falklands’ waters exploratory oil drilling for second half of 2011

  

  In the first six months of 2010 Falkland Islands based Argos Resources has made significant progress in developing its PL001 Licence in the North Falkland Basin, to anticipate it will begin an exploratory hydrocarbons drilling campaign in the second half of 2011.

• Monday, September 13th 2010 - 20:33 UTC

  Falklands’ Desire ‘exited’ about prospects plans to drill four more wells

  

  Falkland Islands Desire Petroleum (AIM-DES) is upbeat about the prospects for finding major reserves of oil offshore the Islands despite mixed results so far and revealed plans to further drill four wells in the North Falkland basin.

• Wednesday, September 8th 2010 - 23:19 UTC

  Chilean rig at east access of Magellan Strait catches fire: all crew saved, no spill

  

  A Chilean-operated oil rig off Argentine Patagonia in the South Atlantic caught fire early on Wednesday, forcing all its eight workers to evacuate by rafts and oil production to shut down, reported the Argentine navy.

• Tuesday, September 7th 2010 - 05:45 UTC

  Flow tests begin to probe commerciality of Falklands’ oil discovery

  

  The North Falkland oil and gas exploration company Rockhopper Exploration plc (AIM: RKH) announced Monday that the Ocean Guardian drilling rig is on location at the Sea Lion prospect where oil was discovered in a drilling last April/May. Operations now are concentrated on the flow test of the Sea Lion main and lower fans.

• Friday, September 3rd 2010 - 13:04 UTC

  Falkland Islands: Oil activities still remain encouraging

  

  THE offshore oil drilling rig Ocean Guardian continues its work at Rockhopper Exploration’s Sea Lion well, where hydrocarbons were encountered earlier this year. The well at that time was suspended for re-entry and testing.

• Thursday, September 2nd 2010 - 20:15 UTC

  Gulf of Mexico oil/gas production platform catches fire: “no spill” says operator

  

  A well connected to an oil and gas production platform caught on fire in the Gulf of Mexico Thursday, engulfing the vessel in flames about 100 miles off the central coast of Louisiana and forcing 13 people overboard, Gov. Bobby Jindal said.

• Friday, August 27th 2010 - 07:33 UTC

  Lula da Silva signs contract for controversial dam in the Amazon basin

  

  Brazilian President Lula da Silva signed Thursday the contracts for the Norte Energia consortium to start construction of a controversial hydroelectric dam in the Amazon basin.