Tag: oil

• Monday, June 27th 2011 - 07:25 UTC

  Falkland Islands: Rockhopper 14/10-5 Appraisal well update – flow test result

  

  Rockhopper Exploration, the North Falkland Basin oil and gas exploration company, is pleased to provide the following update on the flow test carried out at well 14/10-5. * Well flowed at commercially viable rates. * Well flowed at stabilised rates of 5508 stb/ * l achieved a maximum stabilised flow rate of 9036 stb/d

• Thursday, June 23rd 2011 - 23:19 UTC

  Release of strategic reserves (to counter Libya’s absence) rattles world oil market

  

  Oil rose in New York, recovering from a plunge sparked by an International Energy Agency announcement that its members will release crude from strategic reserves.

• Friday, June 10th 2011 - 15:32 UTC

  Petrobras double-strike: major discovery in US Gulf of Mexico and in Brazil

  

  Lucky week for Brazil’s Petrobras that announced major oil and gas discoveries in the US Gulf of Mexico and off the coast of Spirito Santo in Brazil.

• Thursday, June 9th 2011 - 08:36 UTC

  Oil company confirms Falklands drilling and farm-out accord in coming months

  

  Falkland Oil & Gas confirmed on Wednesday drilling operations will begin in the first quarter of 2012 and revealed it is in early talks with firms interested in taking part in its exploration program south of the Falkland Islands. The company however anticipated it did not expect to conclude any farm-out agreement until later this year.

• Thursday, May 12th 2011 - 06:32 UTC

  BP ups its stake in Brazil’s oil industry and will participate in September’s round

  

  British Petroleum is negotiating opportunities to buy stakes in oil fields in Brazil to accelerate production increases, the head of the company's Brazil division said on Wednesday.

• Tuesday, May 10th 2011 - 22:38 UTC

  YPF makes large shale oil discovery, equivalent to 6% of Argentina’s reserves

  

  Argentine President Cristina Fernández de Kirchner announced on Tuesday that YPF energy company had made a large shale oil discovery in Neuquén province, a find that she considered to be of extreme importance, since “it will allow for us to maintain and further promote development” throughout the country.

• Monday, May 9th 2011 - 18:48 UTC

  Repsol plans to sell an additional 3% of YPF in the Argentine market

  

  Spain’s oil company Repsol plans to sell up to 3% of YPF on the Argentine market as part of a gradual divestment of its stake in that unit, according to company sources.

• Tuesday, May 3rd 2011 - 23:04 UTC

  Falklands oil company spuds new well and has four more lined up

  

  Rockhopper Exploration has spudded the next appraisal well on the Sea Lion oil discovery in the Falkland Islands’ waters. Drilling began on the 14/10-5 appraisal well on May first 2011.

• Tuesday, May 3rd 2011 - 17:08 UTC

  Petrobras earmarks 73 billion USD for investment in Santos pre-salt basin

  

  Petrobras announced the increased investment plans for the emerging Santos basin pre-salt assets, earmarking 73 billion US dollars for the 2011-2015 period. The vast sum is a 63% increase compared with the company’s 2010-2014 plan said a company statement.

• Wednesday, April 20th 2011 - 05:14 UTC

  Oil exploration in extreme south of Chile attracts 400 million USD in three years

  

  In the coming three years hydrocarbons exploration and exploitation in the extreme south of Chile will receive investment equivalent to over 400 million US dollars making Punta Arenas a hub for the regional oil industry.