Tag: oil

• Tuesday, November 15th 2011 - 06:54 UTC

  Consortium announces major ‘high quality’ oil discovery off the Brazilian coast

  

  Repsol, Spain's biggest oil group said Monday it has made a new oil discovery off the coast of Brazil together with Chinese partner Sinopec, Britain's BG Group and Brazil's Petrobras.

• Thursday, October 27th 2011 - 16:16 UTC

  Drilling program in central Argentina makes three oil discoveries

  

  Petrogas announced three conventional oil discoveries from the recently-completed exploration drilling program on the Rinconada Norte block (96 sq. km. or 37 sections) located in La Pampa Province in the eastern margin of the Neuquén Basin of Argentina.

• Friday, October 14th 2011 - 08:03 UTC

  Argos raises prospective resource by 182% to 2.1 billion barrels of oil

  

  Argos Resources Limited (AIM: ARG.L), the Falkland Islands based exploration company focused on the North Falkland Basin, is pleased to issue a new Competent Persons Report (“CPR”) prepared by Senergy (GB) Ltd (“Senergy”).

• Tuesday, October 11th 2011 - 07:48 UTC

  China to increase oil and sales tax (5 to 10%) to reduce consumption

  

  China will expand a tax on oil and natural gas sales to the entire country as of November first to try and reduce consumption. The tax will be 5-10% of sales, the State Council said Monday.

• Thursday, October 6th 2011 - 02:57 UTC

  Preliminary reports show Uruguay could have on shore recoverable gas reserves

  

  The chances for Uruguay of having significant commercial reserves of natural gas and oil are on the increase according to recent reports from US Energy and Geology agencies and published in the Montevideo press.

• Monday, September 19th 2011 - 20:57 UTC

  Another Falklands company ‘on schedule’ to drill for oil in the next six months

  

  Falkland Islands exploration company Argos Resources released Monday morning interim results and CEO Ian Thomson told investors that the group is on schedule to be ‘drill ready’ in late 2011/early 2012 to begin off-shore exploration activities in the South Atlantic British Territory.

• Friday, September 9th 2011 - 09:23 UTC

  Uruguay launches second round of hydrocarbons offshore exploration

  

  Uruguay detailed plans to auction 15 offshore exploration blocks on Thursday, part of the energy-short country's efforts to reduce its dependence on imports of oil and natural gas.

• Wednesday, August 31st 2011 - 19:45 UTC

  Panama has an estimated 900 million barrels of oil in two basins, confirm surveys

  

  Some 900 million barrels of oil have been detected at two basins in eastern Panama, representing a potential contribution to the country’s coffers of 15 billion dollars over 20 years, the National Energy Secretariat announced.

• Tuesday, August 9th 2011 - 07:56 UTC

  Falklands’ appraisal well confirms extension of oil find described as ‘commercially viable’

  

  Rockhopper Exploration said on Tuesday an oil discovery in Falkland Islands waters extends to the west of the original well, adding to hopes that the oil find is large enough to open up a new province in the remote South Atlantic.

• Saturday, August 6th 2011 - 08:29 UTC

  Soft loans for Brazilian suppliers of the oil and gas industry

  

  Brazil’s state-owned BNDES development bank said it planned to provide about 2.55 billion dollars in financing over the next four years to suppliers to the country’s oil and gas industry.