Tag: oil

• 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.

• 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.