Tag: oil

Tuesday, April 5th 2011 - 09:13 UTC
Falklands’ Sea Lion well latest oil appraisal sends Rockhopper shares soaring

Shares in Falkland Islands Rockhopper Exploration soared 16% on Monday, after it raised its lowest case estimate of crude reserves at its Sea Lion well.
Monday, April 4th 2011 - 07:08 UTC
Source rock and possible shale oil discovered in the centre of Uruguay

Uruguay state-run oil and gas company ANCAP announced the discovery of source rock which might contain underground shale oil or natural gas deposits.
Monday, April 4th 2011 - 07:02 UTC
Paraguay after partners to explore for oil in the vast Chaco region

Paraguay’s government oil company Petropar is trying to find a foreign associate for oil exploration in the country’s vast Chaco region. Apparently companies from Russia and Bahrain have shown certain interest but Paraguayans admit the difficulties.
Thursday, March 31st 2011 - 14:00 UTC
Chavez warns: if capitalism returns to Venezuela, it’s the end of oil cooperation

President Hugo Chavez confirmed he would run for re-election in 2012 and made a strong call for regional unity warning that “if capitalism returns to Venezuela” it would mark the end of oil cooperation.
Monday, March 21st 2011 - 18:35 UTC
Falklands’ oil find likely to be commercially viable, says Rockhopper Exploration

Rockhopper Exploration announced Monday that its Sea Lion discovery in the North Falkland basin is likely to be commercially viable and anticipated drilling for further appraisal wells (a minimum of three).
Saturday, March 19th 2011 - 07:26 UTC
Oil legislation to obstrut Falklands’ industry, a ‘boomerang’ for Argentine companies says FCO

For the Foreign Office the bill approved this week by the Argentine congress that proscribes fines and sanctions for companies or persons involved in support of the oil industry in the Falkland Islands is a ‘boomerang’’ that will only harm Argentine companies, reports Buenos Aires daily La Nacion in its Friday edition.
Friday, March 18th 2011 - 18:55 UTC
Brazil “could be important partner” for the US, says President Rousseff

Brazil’s President Dilma Rousseff said that Barak Obama’s visit this weekend strongly consolidates the perception that Brazil “could be an important partner” for the United States, during a press interview.
Thursday, March 17th 2011 - 05:30 UTC
FOGL has identified large prospects for exploration in the South Falkland Basin

London listed Falkland Oil and Gas says that its negotiations to secure a deep water rig are at an advanced stage as it seeks to drill the large prospects it has identified across the South Falkland Basin.
Thursday, March 10th 2011 - 22:35 UTC
Petrobras abandons oil exploration in Cuba; all eyes set on Repsol-YPF

Brazilian oil giant Petrobras has withdrawn from an offshore oil exploration block in Cuba's waters that it leased amid great fanfare in 2008, a Brazilian official said on Thursday, citing poor prospects.
Wednesday, March 9th 2011 - 04:46 UTC
Repsol will explore for oil in the North Slope of Alaska

Repsol, Spain’s main energy group will be investing a minimum of 768 million US dollars for the exploration of oil in the North Slope of Alaska. The operation is a joint venture with the Denver, Colorado US firms 70 & 148 LLC and GMT Exploration LLC, points out a release from Repsol.