Energy & Oil

• Wednesday, February 17th 2010 - 02:58 UTC

  Power strapped Venezuela rejects Colombian supply offer

  

  President Hugo Chavez's government said it is not interested in buying electricity from neighbouring Colombia despite Venezuela's struggles with severe energy shortages.

• Wednesday, February 17th 2010 - 02:05 UTC

  UK stern reply to Argentine intention of controlling Falklands’ sea trade

  

  The Argentine government’s announcement on Tuesday that all cargo navigating between Argentina and Falklands/Malvinas Islands “will require previous authorization” received a quick and energetic response from the British government through its embassy in Buenos Aires.

• Monday, February 15th 2010 - 20:13 UTC

  FOGL/BHP Billiton sign deal to drill several wells in East Falklands basin

  

  Falkland Oil and Gas, FOGL announced Monday it signed a deal will Desire Petroleum to use the “Ocean Guardian” rig to drill the first ever exploration well in the East Falklands Basin on the Toroa prospect, which is expected to happen during the first half of 2010.

• Saturday, February 13th 2010 - 07:30 UTC

  Chevron and Repsol will lead development of Orinoco tar sands

  

  Chevron and Repsol YPF SA will lead development of two 15 billion US dollars projects to pump and refine Venezuelan crude after winning the country’s first oil auction since President Hugo Chavez took office 11 years ago.

• Saturday, February 13th 2010 - 07:25 UTC

  Petrobras finds 25 million barrels oil reserve in shallow waters off Rio

  

  Brazilian government managed energy giant Petrobras announced this week that it has found oil at a well located in shallow waters of the Campos Basin. The find was made in waters just 200 meters deep and is near massive deposits in deeper areas of Campos, which is located off the coast of Rio de Janeiro state and is the basin where 80% of Brazil’s oil is extracted.

• Friday, February 12th 2010 - 19:37 UTC

  Falkand Islands: Seismic contractor moves in on unlicensed acreage

  

  AS the Ocean Guardian oil rig is scheduled to arrive in Falklands waters next week, a UK-registered start-up seismic contractor is aiming to carry out a speculative 6,000km multi-client 2D shoot on unlicensed acreage in Falklands waters.

• Friday, February 12th 2010 - 04:38 UTC

  Petrobras signs agreement to begin oil exploration in Uruguay’s continental shelf

  

  Brazil's state-managed oil company Petrobras signed this week an agreement with the Uruguayan state oil company Ancap to explore and produce oil and natural gas on Uruguay's continental shelf.

• Thursday, February 11th 2010 - 18:08 UTC

  Argentina blocks vessel involved in Falklands operations

  

  Argentina blocked Wednesday a ship from leaving a Techint Group plant after it traveled to the Falkland Islands without government permission, the Argentine Foreign Office said. The “Thor Leader” is docked in Techint’s Campana plant carrying a cargo of 7.099 tons seamless pipes, the government office said in a statement.

• Tuesday, February 9th 2010 - 23:53 UTC

  Norwegian company contracted for major Falklands’ drilling program

  

  Norway’s AGR Petroleum Services (AGR) will begin a significant drilling campaign, valued at more than £2 million, off the Falklands Islands this month on behalf of two operators, announced the company in Oslo.

• Tuesday, February 9th 2010 - 04:06 UTC

  Chavez ready “any time” to declare “electricity emergency”

  

  Venezuela is facing the worst drought in a century and needs to be placed under an “electricity emergency,” President Hugo Chavez said Monday in his new, “any-time” radio program “Suddenly With Chavez.”