Energy & Oil

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.
Saturday, December 8th 2007 - 20:00 UTC
Repsol YPF finds important natural gas field in Bolivia

Repsol YPF SA, Spain's largest oil company, discovered natural gas at a field in southeast Bolivia that may be large enough to supply the equivalent of 1% of consumption in its home country.
Friday, December 7th 2007 - 20:00 UTC
UN watchdog agency praises Brazil's nuclear program

The head of the United Nations nuclear watchdog agency this week praised Brazil's nuclear energy programme while visiting a uranium enrichment plant capable of producing fuel for nuclear reactors.
Friday, December 7th 2007 - 20:00 UTC
US Congress discusses rise in vehicle fuel efficiency

An energy bill that would require the first rise in vehicle fuel efficiency in more than 30 years was passed this week by the United States House of Representatives.
Friday, December 7th 2007 - 20:00 UTC
Brazil discovers huge offshore natural gas and light oil field

Brazil's government owned Petrobras confirmed this week the discovery of new natural gas reservoirs to the north of the Camarupim field, in the Espírito Santo Basin, off the southeastern coast of the country.