Tag: oil

• 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.

• 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.