Energy & Oil

Thursday, February 25th 2010 - 23:17 UTC
Repsol-YPF to explore for oil in Malvinas waters at the end of 2010

Spanish-Argentine Oil Company Repsol-YPF announced Thursday that it will drill for oil in an area near the Falkland Islands beginning next November /December.
Tuesday, February 23rd 2010 - 22:21 UTC
Successful testing and marketing of new oil wells in extreme south of Chile

Latin American oil and gas firm GeoPark Holdings Ltd announced this week it had successfully tested two new oil wells on the Fell Block, Springfield formation, Magallanes basin in the extreme south of Chile, bordering Argentina and the Atlantic access of the Magellan Strait.
Thursday, February 18th 2010 - 21:56 UTC
Falkland Islands’s Government says oil drilling round will commence as planned next week

The Falkland Islands reaffirmed its right to develop a hydrocarbons industry and anticipated that in spite of disruptive measures from Argentina the oil drilling round will commence as planned early next week, “weather permitting”.
Wednesday, February 17th 2010 - 23:36 UTC
Wind turbines to supply 40% of Falklands’ power

Annual wind power contribution in the Falkland Islands is set to rise to 40% of total energy generated with the installation of three new wind turbines, which started going online on 15 February. The installation of the first three wind turbines in 2007 has resulted in the displacement of 26% of annual fuel consumption and the aim with the three new turbines is to reach 40% fuel displacement.
Wednesday, February 17th 2010 - 17:01 UTC
Falklands drilling will go ahead despite Argentine shipping movement ‘decree’

DRILLING in Falklands waters will go ahead as planned despite an Argentine decree aimed at handicapping shipping movement between the Islands and South America. From London British Foreign and Commonwealth Minister Chris Bryant reiterated that “we have no doubt about our sovereignty over the Falkland Islands and we're clear that the Falkland Islands Government is entitled to develop a hydrocarbons industry within its waters”.
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.