Argentine president Cristina Fernandez announced on Wednesday that wellhead natural gas prices are to rise substantially from current levels, an estimated 44%, with the purpose of attracting more investments and increasing production.
Energy company YPF announced the finding of conventional oil at the Cuenca Neuquina, in the Chachahuén bloc, at the Southern area of Mendoza province, that is equivalent to 40 million barrels.
Brazilian major oil corporation Petrobras has discovered oil and natural gas accumulations in the ultra-deepwater of the Sergipe-Alagoas Basin offshore northeast Brazil.
INTEREST in the Falkland Islands, “is on the increase,” said Director of Mineral Resources Phyllis Rendell who recently attended the American Association of Petroleum Geologists (AAPG) in Houston.
Brazilian government controlled oil and gas corporation Petrobras announced the discovery of a new high-quality crude deposit in ultra-deep waters off Brazil’s south-eastern coast.
Desire Petroleum plc (AIM:DES) the oil and gas company wholly focussed on the North Falkland Basin, wishes to advise that the 14/15-2 Rachel North well has reached a total depth of 3052 metres.