Energy & Oil

Thursday, August 28th 2008 - 21:00 UTC
Oil rig for South Atlantic exploration arrives next month

Argentine and Chilean government and private oil companies announced Wednesday they would be investing 150 million US dollars to search for hydrocarbons in the South Atlantic.
Thursday, August 28th 2008 - 21:00 UTC
Energy short Uruguay considering nuclear power alternative

Uruguay will consider resorting to nuclear energy to meet the growing demand for electricity and cut dependency on fossil fuels, announced President Tabare Vazquez from Israel, the first leg of a tour which will also take him to Switzerland and South Korea.
Thursday, August 28th 2008 - 21:00 UTC
Argentina, Brazil to develop nuclear energy agency

Argentina and Brazil are scheduled to address the creation of a bi-national nuclear energy agency when the countries two presidents meet next month in Recife, northeast Brazil, reports the Brazilian press.
Tuesday, August 26th 2008 - 21:00 UTC
Falklands: Results of 3D Interpretation and Operational Update

Rockhopper Exploration plc the AIM traded (RKH) oil and gas explorer with licences in the North Falkland Basin, is pleased to provide an update on further technical work on the 3D seismic collected over licences PL032 and PL033 along with an operational update.
Tuesday, August 26th 2008 - 21:00 UTC
Brazil ponders about wealth from recent huge oil finds

Towering above the beautiful bay of Angra dos Reis near to Rio de Janeiro a vast oil platform stands almost ready to head out to sea. Work is almost completed on Petrobras 51 (P-51) and there seems little doubt it will be put to good use, with Brazil making headlines around the world for its recent oil finds.
Monday, August 25th 2008 - 21:00 UTC
OPEC policy “unchanged” for next September meeting

OPEC is likely to keep oil output policy unchanged at its meeting in September as prices remain high despite a sharp fall from July's peak, a source from the Organization of Petroleum Exporting Countries said on Monday.
Sunday, August 24th 2008 - 21:00 UTC
Brazilian government will manage pre-salt mega oil deposits

Brazilian president Lula da Silva proposed the review of the current oil exploitation model and the creation of another company to manage the so called pre-salt oil fields which are believed to hold anywhere from 50 to 70 billion barrels of light crude.
Friday, August 22nd 2008 - 21:00 UTC
Brazil's ultra-deep water oil deposits production in 2013

Brazil's state-run oil company Petrobras CEO Sergio Gabrielli said Friday he expects new ultra-deep-water finds to yield 100,000 barrels of oil a day by 2010 and announced the company would begin testing production in the fields next September 2 although “we don't expect the new fields to have a significant impact on oil production until 2013”.
Thursday, August 21st 2008 - 21:00 UTC
Brazil undecided on how new oil resources should be developed

Brazilian President Luiz Inacio Lula da Silva is pondering whether to create a new state-run oil company to manage oil production from Brazil's new sub-salt reserves, according to press reports in Sao Paulo
Wednesday, August 20th 2008 - 21:00 UTC
Comodoro Rivadavia readies to become oil exploration town

A jack-up oil platform for exploration in shallow waters is expected to arrive in the coming weeks in the Argentine San Jorge Gulf basin where three exploratory wells have been scheduled for drilling plus a fourth offshore Santa Cruz province, according to reports in the Argentine press.