Energy & Oil

• 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.

• Thursday, August 26th 2010 - 02:55 UTC

  Falklands: Rockhopper ready to begin well flow-test of oil discovery

  

  Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company is ready to begin a flow test on the Sea Lion discovery which should give an early indication of the production potential of the reservoir sands.

• Wednesday, August 25th 2010 - 04:09 UTC

  Chilean trapped miners families file lawsuit against the state and mining company

  

  Families of 24 of the 33 Chilean trapped miners in the San José mine have filed a lawsuit against the state and the mining company, seeking compensation and justice.

• Monday, August 23rd 2010 - 22:09 UTC

  Brazil assures fearful Bolivia it will keep purchasing natural gas

  

  Brazilian government managed energy giant Petrobras said Bolivian natural gas will remain important for energy-hungry Brazil, where demand for that fuel is expected to triple over the next four years, Bolivian daily La Razon reported.

• Sunday, August 22nd 2010 - 04:28 UTC

  Shell defies in court Argentine government ban on fuel increases

  

  Royal Dutch Shell which refines about 15% of Argentina’s fuel is waging a court battle against a government ban that prevents fuel producers from increasing prices. Shell’s federal court complaint was filed last week following a government order on August 18 mandating oil companies to lower fuel prices to a pre-August 1 level.