Energy & Oil

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.
Friday, September 21st 2007 - 21:00 UTC
US Gulf Coast storm risk pushes oil to record

The price of London Brent oil hit another all-time high Friday on US storm concerns at the end of a record-breaking week which saw New York crude soar beyond 84 dollars per barrel.