Energy & Oil

Thursday, December 27th 2007 - 20:00 UTC
Argentine group buys back 15% of YPF with 10% future option

Repsol-YPF CEO Antonio Brufau and Enrique Eskenazi, Chairman of the Petersen Group, signed Wednesday a binding memorandum of agreement for the acquisition by the Argentine business group of 14.9% of YPF capital stock, according to a release from Repsol.
Thursday, December 27th 2007 - 20:00 UTC
Huge oil slick washes ashore north of Comodoro Rivadavia

A huge oil spill has washed to the shore north of Comodoro Rivadavia in Argentine Patagonia, threatening the rich marine life in the area according to reports from the Argentine press.
Wednesday, December 26th 2007 - 20:00 UTC
Petrobras pumps new oil record in Brazil: 2.23 million bpd

In its end of the year summing up Brazil's government managed oil corporation Petrobras announced Wednesday it has set another daily oil-production record in Brazil: 2.238,000 barrels, a mark only eight companies in the world have reached.
Sunday, December 23rd 2007 - 20:00 UTC
Oil spill in Uruguay's most fashionable beach under control

Uruguayan emergency teams are working this weekend round the clock to clean the sandy beach of the country's most exclusive sea-resort which suffered the consequences of an oil spill of an estimated 15.000 liters of crude.
Friday, December 21st 2007 - 20:00 UTC
Petrobras finds more light oil and keeps increasing reserves

Petrobras shares rose Friday a day after Brazil's government owned oil company said it found more oil in the offshore Santos Basin. Shares rose 4.88, or 4.5%, to $112.88 in afternoon trading.
Friday, December 21st 2007 - 20:00 UTC
Chavez proposes “oil for social services” to Caribbean region

Cuba's Raul Castro and Venezuelan President Hugo Chavez presided Friday in Cuba over the opening of the fourth Petrocaribe summit which will address the region's lack of sufficient energy resources.
Friday, December 14th 2007 - 20:00 UTC
Floating storage vessel helps Petrobras increase oil production

Brazil's government controlled oil corporation Petrobras took a major step this week to increase production from the Roncador field in the Campos Basin offshore Brazil.
Thursday, December 13th 2007 - 20:00 UTC
Encouraging oil exploration survey in Falklands waters

Falkland Oil and Gas Ltd said the results from its controlled source electromagnetic (CSEM) survey on its Falkland Islands exploration programme are encouraging, with “positive” CSEM anomalies indicating the possible presence of trapped hydrocarbons with the potential of significant resources.
Wednesday, December 12th 2007 - 20:00 UTC
Copper pushes Chile closer to the nuclear energy option

Víctor Filichkin, head of Russian energy company Intermash, visited Chile last week to promote a potential nuclear solution to Chile's energy needs. Filichkin's visit coincides with the arrival of the new U.S. ambassador to Chile – touted as a nuclear energy expert – and the recent visit by Mohamed El Baradei, head of the International Atomic Energy Agency (IAEA).
Saturday, December 8th 2007 - 20:00 UTC
Intense Falklands' oil drilling campaign forecasts Rockhopper

Rockhopper Exploration reported Friday that Wavefield Inseis had successfully collected the site survey data over the Ernest prospect in oil exploration license PL024, 100km off the Falkland Islands.