Energy & Oil

• Wednesday, December 16th 2009 - 05:29 UTC

  UK November inflation rose to 1.9%, pushed by fuel prices

  

  Higher petrol prices in the United Kingdom pushed inflation upward for the second month in a row in November, official figures have revealed. The Consumer Prices Index (CPI) rose to 1.9% last month from 1.5% in October, said the Office for National Statistics (ONS).

• Tuesday, December 15th 2009 - 14:20 UTC

  Brazil, Peru plan to build five hydroelectric dams in the Amazon

  

  Brazil expects to reach an accord with Peru by March on a 5 billion US dollars power project to secure energy supplies for both countries, according to Energy minister Edison Lobao. The two governments plan to build five hydroelectric plants in Peru that will produce 6,000 megawatts of electricity

• Tuesday, December 15th 2009 - 08:05 UTC

  Exxon-Mobil buys Texas gas producer for 41 billion US dollars

  

  US oil giant Exxon Mobil is buying natural gas producer XTO Energy in a deal worth 41 billion US dollars. XTO Energy, based in Texas, is an on-shore natural gas producer. The deal includes 10 billion of debt from XTO.

• Saturday, December 12th 2009 - 14:44 UTC

  Falklands’ oil deal with Chile much depends on Sunday’s election

  

  Chile’s opposition presidential candidate Sebastián Piñera is open to discuss the proposal from Falkland Oil and Gas Ltd, FOGL, for Chile’s national oil corporation to explore for oil in Falkland Islands waters, if he wins the elections next Sunday or in the January run off, according to Lower House member Marcelo Forni.

• Friday, December 11th 2009 - 07:40 UTC

  Chile denies any plans to work with FOGL in Falklands’ oil exploration

  

  Chile reaffirmed Thursday that the country’s oil corporation Enap has no plans or prospects of exploring for oil in the Malvinas Islands maritime territory or any form of association with Falkland Oil and Gas Limited.

• Thursday, December 10th 2009 - 13:10 UTC

  Desire Petroleum plans extra well in Falklands and makes £ 20 million share-issue

  

  Desire Petroleum, which is focused on the North Falkland Basin announced Wednesday it is proposing a share issue to raise £20 million to make use of the full potential of its hydrocarbons exploratory drilling season scheduled to begin next February when the “Ocean Guardian” rig arrives.

• Thursday, December 10th 2009 - 11:40 UTC

  Early next year Petrobras begins oil seismic surveying offshore Uruguay

  

  Petrobras begins seismic surveying offshore Uruguay in early 2010 and will keep its level of investments in Argentina as part of the Latinamerica expansion policy of the Brazilian government managed oil and gas corporation.

• Thursday, December 10th 2009 - 11:28 UTC

  FOGL trying to tempt Chilean companies to join Falklands’ oil exploration

  

  Senior executives from Falkland Oil and Gas Limited (FOGL), which operates in the Falkland Islands, where it just announced the existence of significant oil reserves tempted Chile's State Oil Company (ENAP) into entering the business to help them explore and develop a 49,000 square meter basin in the South Atlantic.

• Tuesday, December 8th 2009 - 01:41 UTC

  Desire Petroleum presents EIA Addendum to Falklands’ government

  

  Oil and gas exploration company Desire Petroleum, licensed to operate offshore the Falkland Islands announced the submission to the Falkland Islands government of the Environmental Impact Assessment (EIA) Addendum required for the planned drilling program.

• Saturday, December 5th 2009 - 02:43 UTC

  Bolivian natural gas revenue forecasted to drop a third because of price factor

  

  Bolivia’s revenue from natural gas exports will reach this year 2 billion US dollars, which is a billion less that the 3.1 billion reported in 2008, according to the country’s Hydrocarbons Chamber, CBH.