Borders & Southern has completed its benthic sampling program within its South Falkland Basin licenses offshore the Falkland Islands, according to a report from the London based company released Wednesday.
NORTH Falkland Basin oil and gas exploration company Rockhopper Exploration have announced prospects of over four billion barrels of oil and gas.
Russian oil companies could soon begin searching for oil in deep Gulf of Mexico waters off Cuba, a top diplomat said just days before Russian President Dmitry Medvedev visits the island.
In spite of the global recession and the international gloomy atmosphere, Magallanes region in the extreme south of Chile has been forecasted ten years of 6.3% annual average growth speared by investments in energy related projects.
With Deutsche Bank forecasting a barrel of oil at 40 USD in 2009, Opec president Chakib Khelil said members of the cartel have lost about 700 billion US dollars because of falling crude prices.
Iran's OPEC governor, Mohammad Ali Khatibi, is calling on the oil cartel to cut production by a further 1 to 1.5 million barrels per day when it meets in Cairo later this month.
Phyl Rendell, Falkland Islands Director of Minerals and Agriculture attended the International AAPG (American Association of Petroleum Geologists) in Cape Town, South Africa.
While the price of crude oil for future delivery declined below 60 US dollars a barrel, OPEC sources on Tuesday said that the cartel will again consider cutting production when it meets next month in Algiers.
Magallanes and Los Lagos regions in the extreme south of Chile are looking into the possibilities of developing vast resources of peat in the area. Magallanes has an estimated 2.2 million hectares of peat and peaty soil which is equivalent to 17% of that territory.
Wind farms off the Skegness coast in east England have helped make the Unite Kingdom since November the leader in offshore wind generation. The Lynn and Inner Dowsing farms are located 5 kilometres east of Skegness and when fully commissioned will transfer 194 megawatts of power to the national grid.