Energy & Oil

• 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.

• Saturday, November 28th 2009 - 05:15 UTC

  Brazil still recovering from major outage, suffers blackout in Olympic city Rio

  

  Brazil has endured another major blackout and officials remain unclear what is causing the problem. Higher-scale Rio de Janeiro beach neighbourhood earlier in the week suffered an outage forcing employees to be sent home as restaurants and other businesses disposed of spoiled food.

• Friday, November 27th 2009 - 11:16 UTC

  Norway opens world’s first osmotic power plant prototype

  

  Norwegian renewable energy giant Statkraft has switched on the world's first osmotic power plant prototype - using a technology which produces electricity from a process which mixes fresh water and salty sea water.