Investments

• Monday, April 4th 2011 - 07:08 UTC

  Source rock and possible shale oil discovered in the centre of Uruguay

  

  Uruguay state-run oil and gas company ANCAP announced the discovery of source rock which might contain underground shale oil or natural gas deposits.

• Monday, April 4th 2011 - 07:02 UTC

  Paraguay after partners to explore for oil in the vast Chaco region

  

  Paraguay’s government oil company Petropar is trying to find a foreign associate for oil exploration in the country’s vast Chaco region. Apparently companies from Russia and Bahrain have shown certain interest but Paraguayans admit the difficulties.

• Thursday, March 31st 2011 - 08:02 UTC

  Falkland Oil and Gas Limited Press Release

  

  FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands announces further progress on its rig contract negotiations and certain changes to its licence arrangements.

• Wednesday, March 30th 2011 - 05:21 UTC

  Falklands’ Desire Petroleum announces drilling of sixth well has begun

  

  The Falkland Islands hydrocarbons exploratory round begun over a year ago is steaming ahead. Desire Petroleum announced Tuesday it had begun exploratory drilling on the Ninky prospect with a total planned depth of 2.620 metres.

• Monday, March 28th 2011 - 04:49 UTC

  Falklands’ oil equipment arrives in vessel with giant computer-controlled kite

  

  One of the strangest ships ever to visit the Falkland Islands this week lay at anchor in Port William after making a hasty departure from FIPASS. Had it not left the dock, an ongoing legal wrangle involving its owners could have caused it to be detained there indefinitely – rendering a significant proportion of FIPASS unusable by other vessels, perhaps for a very long time.

• Monday, March 21st 2011 - 21:52 UTC

  US Export-Import bank loans Brazil 3 billion USD for oil and World Cup

  

  The US government's export credit agency has authorized $3 billion in financing for Brazil, including 2 billion US dollars for the Brazilian government-managed oil company Petrobras.

• Monday, March 21st 2011 - 18:35 UTC

  Falklands’ oil find likely to be commercially viable, says Rockhopper Exploration

  

  Rockhopper Exploration announced Monday that its Sea Lion discovery in the North Falkland basin is likely to be commercially viable and anticipated drilling for further appraisal wells (a minimum of three).

• Sunday, March 20th 2011 - 07:43 UTC

  Uruguay contracts 2D seismic survey in anticipation of second oil licensing round

  

  Singapore based Reflect Geophysical has been selected by Uruguay’s state oil company Ancap to carry out a 2D seismic survey in the country’s Punta del Este and Pelotas offshore basins.

• Thursday, March 17th 2011 - 18:04 UTC

  China will finance and build 20.000 housing units in Venezuela

  

  Venezuela signed an agreement with Chinese companies Citic Group and Industrial & Commercial Bank of China Ltd. to negotiate a 4 billion US dollars loan to finance oil and construction projects, President Hugo Chavez said in Caracas.

• Thursday, March 17th 2011 - 05:30 UTC

  FOGL has identified large prospects for exploration in the South Falkland Basin

  

  London listed Falkland Oil and Gas says that its negotiations to secure a deep water rig are at an advanced stage as it seeks to drill the large prospects it has identified across the South Falkland Basin.