Energy & Oil

Monday, September 21st 2009 - 11:24 UTC
Brazil’s Petrobras is the world’s eighth biggest in market value

Brazil’s government managed oil and gas company Petrobras is the world’s eighth biggest global company in market value, according to a survey carried out by Ernst & Young.
Friday, September 18th 2009 - 10:57 UTC
Brazil confident of becoming oil super power in the next ten years

Brazil will have crude for half a century and become a leading oil exporter and “an important player in international geopolitics” the country’s energy minister said during a congressional hearing.
Friday, September 18th 2009 - 10:54 UTC
Petrobras to concentrate all investments in pre-salt deposits

Brazilian government managed oil and gas company Petrobras will freeze overseas investments as the company concentrates on its primary role to develop recently discovered offshore oil reserves, CEO Jose Sergio Gabrielli said Thursday.
Thursday, September 17th 2009 - 13:26 UTC
China to invest 16 billion USD to develop new oilfields in Venezuela

Venezuelan President Hugo Chavez announced Wednesday that China will invest 16 billion US dollars to boost oil production in the country particularly along the Orinoco River, as part of a strategy to reduce dependence on the US market.
Monday, September 14th 2009 - 08:57 UTC
Australia signs 60 billion USD deal to supply gas to Japan and South Korea

US oil firm Chevron has signed 60 billion US dollars worth of deals to supply natural gas to Japan and South Korea from its Gorgon project in Australia. Chevron Australia said it would supply Osaka Gas with 1.375 million tonnes of natural gas a year over 25 years.
Saturday, September 12th 2009 - 12:05 UTC
Repsol makes huge natural gas discovery offshore Venezuela

Spain’s biggest oil company Repsol-YPF announced on Friday the discovery of a Venezuelan gas field containing as much as 8 trillion cubic feet of fuel, equivalent to 1.2 to 1.4 billion barrels, one of the world’s largest finds.
Saturday, September 12th 2009 - 10:45 UTC
Rockhopper Exploration joins Falklands’ oil drilling season

Oil and gas explorer Rockhopper Exploration with licences in the North Falkland Basin announced Friday it had agreed terms with a third party energy company for a farm-in to one of the Company’s licences, including support for the costs of drilling one well.
Friday, September 11th 2009 - 11:31 UTC
Fakland Islands: Weekly Penguin News Update

DESIRE SHARE PRICE SOARS ON BACK OF OIL NEWS.
Desire Petroleum shareholders who have stood by their investments for more than a decade were rewarded yesterday when the news that a rig had been sourced sent shares leaping almost 40 per cent to 89p.
Friday, September 11th 2009 - 08:16 UTC
Oil price climbs on expectations of global economic recovery

Oil prices closed Thursday above 72 US dollars a barrel following the meeting of the producers' cartel OPEC on Wednesday and the International Energy Agency forecast of stronger demand as the global economy recovers.
Friday, September 11th 2009 - 07:37 UTC
Venezuela announced nuclear energy cooperation program with Iran

Venezuela’s president Hugo Chavez revealed in an interview with the French daily Le Figaro that he has signed an agreement with his Iranian peer Mahmud Ahmadinejad to develop a nuclear program with the help of the Teheran regime.