Energy & Oil

• Wednesday, October 3rd 2007 - 21:00 UTC

  Setback for Argentina in international energy dispute

  The International Centre for Settlement of Investment Disputes (ICSID) in Washington, D.C., has awarded Sempra Energy approximately 172 million US dollars, including interest, to settle a 2002 dispute involving the company's 43% ownership in two Argentine natural gas holding companies, Sodigas Pampeana and Sodigas Sur.

• Wednesday, October 3rd 2007 - 21:00 UTC

  Falklands' new oil partner: global leader in resources

  

  BHP Billiton which this week announced it had acquired an interest in 14 exploration and production licenses offshore the Falkland Islands is a leading global leader in the diversified resources industry with an annual turnover of 47.5 billion US dollars in fiscal 2007.

• Tuesday, October 2nd 2007 - 21:00 UTC

  Desire Petroleum optimistc about oil rig availability

  

  Speaking to local shareholders in Desire Petroleum plc at a meeting in Stanley on Monday evening, Chairman Dr Colin Phipps said that he was more optimistic than he had been for a long time about the company's prospects of finding oil in commercial quantities in the North Falkland Basin.

• Tuesday, October 2nd 2007 - 21:00 UTC

  FOGL farm-out agreement with giant BHP Billiton

  

  Falkland Oil and Gas Limited (“FOGL”) is pleased to announce that it has entered into a farm-out agreement with a subsidiary of BHP Billiton, the world's largest diversified resources company, over FOGL's 2002 and 2004 licences to the South and East of the Falkland Islands.

• Monday, October 1st 2007 - 21:00 UTC

  October 10 begins bidding process for Magallanes oil

  

  Next October 10 begins the timetable for oil corporations interested in the bidding process for hydrocarbons exploration and production in the Magallanes Region in the extreme south of Chile.

• Friday, September 28th 2007 - 21:00 UTC

  Oil exploring in Falklands prepares for “exciting” 2008

  

  Borders & Southern Petroleum PLC, the Falkland Islands oil explorer, said its first half to end-June pretax loss narrowed to £117,158 from £182,010 saying the next year would be “exciting” as it evaluated the area covered by its production licences.

• Friday, September 28th 2007 - 21:00 UTC

  Argentine energy shortage repeat for Chilean mines

  

  Mining leaders in Chile indicated to local press this week that their industry is bracing for energy shortages in the coming year

• Friday, September 28th 2007 - 21:00 UTC

  UN: oil and gas reserves competition becoming tougher

  

  The emergence of new players in the global market and shifts in the policies of gas and oil producers means that traditional conglomerates from industrialized nations are facing increasing competition in the race to access the world's reserves, revealed the United Nations agency on trade and development issues.

• Wednesday, September 26th 2007 - 21:00 UTC

  Exxon follows Shell and is divesting from South America

  

  Exxon Mobil Corporation seems intent in leaving South America following recent compensation disputes with the Venezuelan government and the decision to sell its Argentine and Uruguayan units, according to some observers in Buenos Aires

• Sunday, September 23rd 2007 - 21:00 UTC

  Lula to push for biofuels in UN climate talks

  

  Brazil's President Luiz Inacio Lula da Silva will promote the country's biofuel initiatives during the United Nation's annual general assembly meeting next week, as part of a broader effort to fight climate change.