Energy & Oil

• Friday, December 11th 2009 - 07:40 UTC

  Chile denies any plans to work with FOGL in Falklands’ oil exploration

  

  Chile reaffirmed Thursday that the country’s oil corporation Enap has no plans or prospects of exploring for oil in the Malvinas Islands maritime territory or any form of association with Falkland Oil and Gas Limited.

• Thursday, December 10th 2009 - 13:10 UTC

  Desire Petroleum plans extra well in Falklands and makes £ 20 million share-issue

  

  Desire Petroleum, which is focused on the North Falkland Basin announced Wednesday it is proposing a share issue to raise £20 million to make use of the full potential of its hydrocarbons exploratory drilling season scheduled to begin next February when the “Ocean Guardian” rig arrives.

• Thursday, December 10th 2009 - 11:40 UTC

  Early next year Petrobras begins oil seismic surveying offshore Uruguay

  

  Petrobras begins seismic surveying offshore Uruguay in early 2010 and will keep its level of investments in Argentina as part of the Latinamerica expansion policy of the Brazilian government managed oil and gas corporation.

• Thursday, December 10th 2009 - 11:28 UTC

  FOGL trying to tempt Chilean companies to join Falklands’ oil exploration

  

  Senior executives from Falkland Oil and Gas Limited (FOGL), which operates in the Falkland Islands, where it just announced the existence of significant oil reserves tempted Chile's State Oil Company (ENAP) into entering the business to help them explore and develop a 49,000 square meter basin in the South Atlantic.

• Tuesday, December 8th 2009 - 01:41 UTC

  Desire Petroleum presents EIA Addendum to Falklands’ government

  

  Oil and gas exploration company Desire Petroleum, licensed to operate offshore the Falkland Islands announced the submission to the Falkland Islands government of the Environmental Impact Assessment (EIA) Addendum required for the planned drilling program.

• Saturday, December 5th 2009 - 02:43 UTC

  Bolivian natural gas revenue forecasted to drop a third because of price factor

  

  Bolivia’s revenue from natural gas exports will reach this year 2 billion US dollars, which is a billion less that the 3.1 billion reported in 2008, according to the country’s Hydrocarbons Chamber, CBH.

• Thursday, December 3rd 2009 - 23:37 UTC

  Exploration phase to bring financial benefit to Falklands private sector

  

  THE Falklands private sector is set to benefit financially from the next oil drilling round scheduled to begin early in February.

• Wednesday, December 2nd 2009 - 22:37 UTC

  Falklands’ oil reserves “to help British economy”, says Telegraph

  

  Under the headline of “Falkland Islands oil reserves 'to help British economy'” the Telegraph points out that four British oil companies are exploring to the north and south of the Islands and that the British financial sector is pouring “around £ 327 million into the offshore projects”.

• Wednesday, December 2nd 2009 - 05:38 UTC

  Repsol-YPF makes major oil discovery in Neuquen basin

  

  Spain’s Repsol YPF confirmed in Buenos Aires local media reports that it has hit oil in Argentina's Neuquen province, but the potential from the well has still not been technically certified, a company spokesman said.

• Tuesday, December 1st 2009 - 12:51 UTC

  Falkland Islands Holdings nets £ 3.1 million with FOGL shares sale

  

  Services group Falkland Islands Holdings has reduced its stake in Falkland Oil and Gas Ltd, the oil and gas exploration company focused on licence areas to the South and East of the Falkland Islands.