Tag: oil

• Tuesday, December 7th 2010 - 19:27 UTC

  Lula da Silva promises to veto bill on oil royalties sharing plan

  

  Brazilian President Lula da Silva said on Tuesday he would veto a plan to change the distribution of oil royalties among state governments, paving the way for the implementation of a legal overhaul of Brazil's oil sector.

• Friday, November 26th 2010 - 17:25 UTC

  Repsol-YPF ready to sell another 15% of its Argentine branch

  

  Repsol YPF SA, Spain’s biggest oil company announced it filed a request with the U.S. Securities and Exchange Commission to be able to sell shares representing as much as 15% of its Argentine unit YPF SA.

• Saturday, October 30th 2010 - 05:16 UTC

  New ultra-deep pre-salt offshore find confirms Brazil an oil giant

  

  Brazil’s oil industry regulator announced Friday that a recent ultra-deep offshore find is estimated to hold between 3.7 billion and 15 billion barrels of oil equivalent, which could make it the largest crude accumulation in the country’s pre-salt region and the biggest discovery in the Western Hemisphere in more than three decades.

• Monday, October 25th 2010 - 03:49 UTC

  Petrobras Confirms Tupi Field Could Hold 8 Billion Barrels

  

  Brazilian state-controlled energy giant Petrobras said Friday that the drilling of a new exploratory well at the offshore Tupi field confirms potential recoverable reserves of between 5-8 billion barrels of oil equivalent.

• Friday, October 8th 2010 - 17:28 UTC

  Falklands’ private sector project for an oil industry multi-million port

  

  An ambitious new multi-million pound port development – specifically for the burgeoning oil industry in the Islands – has been proposed for the western coast of East Falkland Islands.

• Tuesday, September 28th 2010 - 08:27 UTC

  Falkland Oil and Gas Limited - Licence Update

  

  FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, announces certain changes to its licence arrangements with the Falkland Islands Government.

• Friday, September 17th 2010 - 20:43 UTC

  Rockhopper declares Falklands’ oil discovery will be commercially viable

  

  Rockhopper Exploration (RKH.L) said it believed its oil discovery offshore the Falklands Islands will be commercially viable. A test at the Sea Lion 1 well in the North Falkland basin produced sustained rates of over 2,000 barrels of oil per day, in line with its hopes, Rockhopper said in a statement on Friday.

• Friday, September 17th 2010 - 06:39 UTC

  Successful testing of ninth out of ten oil-wells in extreme south of Chile

  

  Latin American oil and gas firm GeoPark Holdings Ltd said on Thursday it successfully drilled and tested a new well in the Guanaco oil field on the Fell Block in the extreme south of Chile.

• Friday, September 17th 2010 - 06:30 UTC

  Chinese oil company after BP’s stake in Argentina’s Pan American Energy

  

  CNOOC, Ltd, China’s biggest offshore oil explorer, may bid 10.2 billion USD for BPs 60% stake in Argentina’s Pan American Energy LLC and will probably seek a partner in the acquisition, Citigroup Inc. said.

• Tuesday, September 14th 2010 - 14:25 UTC

  Falklands’ oil and Argentina: “the potential prize made the risk worth taking”

  

  Alan Huckle retires this month as Governor of the Falkland Island. In an interview with Mercopress Mr. Huckle recalls some of the outstanding events of his mandate: a solemn, dignified 25th anniversary of the 1982 conflict; constitutional reform which transferred even greater responsibility to the Falklands elected Councilors and oil, “an issue not yet played out”.