Tag: oil

• Wednesday, July 27th 2011 - 03:41 UTC

  Global demand for oil will increase in 2012 driven by emerging economies

  

  Global oil demand will increase further next year, the International Energy Agency (IEA) has predicted. The IEA, which represents the main oil consuming nations, said the increase in crude usage would continue to be driven by emerging economies.

• Thursday, July 14th 2011 - 22:09 UTC

  Brazil has a “North Sea of oil” along its Atlantic coast, says Petrobras

  

  Brazil’s oil reserves, including recent discoveries in deep waters of the Atlantic Ocean, are of a similar size to those found in the North Sea, said a Petrobras exploration official in an interview in London.

• Thursday, July 7th 2011 - 16:37 UTC

  Falklands Rockhopper contracts further drilling of four wells

  

  Rockhopper Exploration plc announced on Thursday a further drilling of four wells offshore the Falkland Islands. The first of them, 14/10-6, will be the third appraisal well on the Sea Lion feature where the discovery of oil at commercial rate has been confirmed.

• Wednesday, July 6th 2011 - 05:45 UTC

  YPF first well drilled in the Malvinas basin proves “dry”

  

  YPF Argentina reported Tuesday that its first offshore well drilled in the so called Malvinas basin proved dry. The operation was equally shared with Brazil’s Petrobras and Pan American Energy, a Chinese-Argentine group.

• Tuesday, July 5th 2011 - 16:29 UTC

  How seafood, oil and tourism made ’squidionaires’ and the Falklands’ rich

  

  Caroline Graham from London's Mail on Sunday visited the Falkland Islands for a week and chance had it she arrived when a commercial oil strike was announced by one of the several companies exploring offshore the Islands.

• Tuesday, July 5th 2011 - 15:21 UTC

  Falklands’ Argos fast-track 3D processing anticipate drilling in late 2011/2012

  

  Falkland Islands Argos Resources Limited reports encouraging progress on the processing and interpretation of its recently acquired 3D seismic data over its 100% owned licence PL001 in the North Falkland basin. With fast track processing of the 3D data Argos could be ready for exploratory drilling in late 2011/2012.

• Tuesday, July 5th 2011 - 15:14 UTC

  Rockhopper considers options to extract and store oil from Falklands’ Sea Lion well

  

  Rockhopper Exploration is looking at some form of floating platform as the likeliest option to produce its Sea Lion oil and gas discovery offshore the Falkland Islands. But the company wants to complete delineation of the field before progressing to the front-end engineering and design (FEED) stage, reports Offshore.

• Friday, July 1st 2011 - 06:59 UTC

  Qatargas will provide Argentina with LNG on a 20 year supply agreement

  

  Qatar’s leading corporation Qatargas has signed an agreement with Argentina’s government owned oil and gas company, ENARSA for the long-term supply of liquefied natural gas (LNG).

• Friday, July 1st 2011 - 06:52 UTC

  British Gas doubles oil estimates off the coast of Brazil to 8 million boe

  

  Reserve estimates in the Santos Basin off the coast of Brazil have an upside potential of 8 billion barrels of oil equivalent, an energy company in London said.

• Wednesday, June 29th 2011 - 23:03 UTC

  KLM will begin fuelling some of its flights with used cooking oil

  

  Dutch carrier KLM announced Wednesday it would begin using used cooking oil for some of its flights. The announcement comes less than two years after the airline flew the first bio-kerosene-fuelled passenger flight in Europe.