Tag: oil

• 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  Brazilian oil giant Petrobras has withdrawn from an offshore oil exploration block in Cuba's waters that it leased amid great fanfare in 2008, a Brazilian official said on Thursday, citing poor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.

• Sunday, February 27th 2011 - 23:08 UTC

  ANCAP contracts 50.000 km areo-magnetic survey of the Uruguayan offshore

  

  Uruguay government owned oil company ANCAP contracted the international company Fugro for the provision of geophysical services covering a complete aero-magnetic survey of the River Plate area and Atlantic Ocean where Uruguay is about to launch a hydrocarbons exploratory round.

• Saturday, February 26th 2011 - 05:54 UTC

  Petrobras posts record net profit in 2010: 20 billion US dollars

  

  Latin America's biggest company, Brazilian state-managed oil giant Petrobras, on Friday said it raked in a record net profit last year of 20 billion US dollars. That figure for 2010 was 17% higher than its profit for 2009 company executives told a news conference in Rio de Janeiro.

• Friday, February 25th 2011 - 06:33 UTC

  China will participate in Brazil’s next oil and gas bidding round

  

  China's Sinopec Corp said it planned to participate in Brazil's next oil and gas bidding rounds, which should be resumed after the passage of a reform of the country's oil law expected this year.

• Monday, February 21st 2011 - 10:07 UTC

  Falkland Islands: Rockhopper Exploration plc 14/10-4 Appraisal Well Spud

  

  Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, announces that the 14/10-4 appraisal well was spudded at 0040hrs GMT on 19 February 2011.

• Monday, February 21st 2011 - 07:16 UTC

  Repsol-YPF contract UK flagged vessels for Malvinas basin exploration

  

  Repsol-YPF planned exploration for hydrocarbons in the Malvinas basin, off Tierra del Fuego has suffered a major public relations setback following on the Buenos Aires press revelation that the two vessels contracted for the job not only are UK flagged but also have links with the current oil exploration round in Falkland Islands’ waters.

• Wednesday, February 16th 2011 - 14:17 UTC

  Leading oil companies turn up at Uruguay Round II pre-bidding process

  

  Some of the world’s leading oil companies turned up at the Uruguay Round II informative session for operators interested in participating in the biding process for offshore exploration in Uruguay’s South Atlantic.