Energy & Oil

Friday, October 9th 2009 - 05:20 UTC
Rockhopper confirms drilling of two wells in Falklands’ waters

Rockhopper Exploration oil and gas company which operates in the North Falkland Basin confirmed this week it was considering various options, including a share sale, to fund drilling activities scheduled to begin this coming austral summer in the South Atlantic
Tuesday, October 6th 2009 - 01:19 UTC
Desire’s un-risked oil prospect in Falklands’ waters over 3 billion barrels

Desire Petroleum prospective un-risked recoverable resources net in Falkland Islands waters are over 3 billion barrels of oil in the company’s ten top prospects according to the recently completed Competent Person’s Report, CPR and released this week.
Tuesday, October 6th 2009 - 01:15 UTC
World gas conference in Argentina to discuss supply-demand balance

Ministers, industry leaders and experts from 81 countries are meeting in Buenos Aires for the 24th World Gas conference with one main topic in the agenda: the balance between natural gas supply and demand.
Saturday, October 3rd 2009 - 00:23 UTC
Desire will drill four exploratory wells in North Falkland basin next February

Oil company Desire Petroleum announced Friday the formal signing of a rig contract with Diamond Offshore Drilling Ltd. from the UK which means the company is ready to begin its exploratory drilling campaign in the North Falkland basin this summer.
Saturday, September 26th 2009 - 06:42 UTC
Itaipú agreement remains stalled; Lula da Silva blames Congress

The coming electoral year makes it difficult for the Brazilian congress to approve in the short term the agreement reached with Paraguay referred to the surplus energy from the world’s largest operational hydroelectric dam Itaipú, signed last July by presidents Lula da Silva and Fernando Lugo.
Wednesday, September 23rd 2009 - 11:06 UTC
Rockhopper confirms real prospect of multi-well drilling in 2010 in Falklands

Rockhopper Exploration, the oil and gas explorer working in the North Falkland Basin said on Tuesday that it had a very real prospect of taking part in a multi-well drilling campaign in 2010.
Tuesday, September 22nd 2009 - 05:19 UTC
France’s Total predicts oil at 100 USD because of underinvestment

The head of French oil giant Total has told the BBC the world could face a shortage of oil because of underinvestment. Chief executive Christophe de Margerie warned that too little has been spent trying to tap into new oil reserves because of the economic crisis.
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.