Tag: oil

Friday, July 9th 2010 - 03:57 UTC
Fifth company, Argos plans to drill for oil off the Falkland Islands says FT

A fifth UK company plans to drill for oil off the Falkland Islands after it raises £70m in a London stock market listing, reports the Financial Times. Argos Resources, which holds licences next to the landmark 250m-barrel Falklands’ oil discovery made by peer Rockhopper Exploration in May, hopes to achieve a £200m value on AIM.
Monday, July 5th 2010 - 09:22 UTC
Falkland Oil and Gas: Further Update on Toroa F61/5-1 Exploration Well Spud

FOGL had been expecting to announce preliminary results of the well during this week; however, there have been some further delays due to some minor operational issues and weather related downtime.
Saturday, July 3rd 2010 - 22:43 UTC
Rockhopper confirms medium grade crude in North Falklands; FOGL to announce South Falklands results

Rockhopper Exploration one of the four companies operating with Falkland Islands government licences reported last Friday that samples from its recent discovery on the Sea Lion prospect in the North Falkland basin have been confirmed as medium grade crude.
Thursday, July 1st 2010 - 07:26 UTC
Lula da Silva signs bill for the capitalization of Petrobras

The bill governing the capitalization of Brazilian energy giant Petrobras was approved Wednesday by President Lula da Silva. It is the first step to establish the new regulatory framework for exploiting crude oil under the pre-salt layer of the continental seabed of Brazil.
Thursday, July 1st 2010 - 07:08 UTC
Argentina prepares to begin drilling in Malvinas basin in second half of 2010

Towards the end of the year Argentina’s YPF in association with Pan American Energy and Petrobras will begin exploring for oil in the Malvinas basin, following the contract for an oil rig which has been signed, according to oil industry sources in Buenos Aires.
Wednesday, June 30th 2010 - 06:18 UTC
Shell confirms oil discovery in pre-salt drilling at Campos Basin

Royal Dutch Shell Brazil discovered oil in the Campos Basin's pre-salt region, the company said Tuesday. In a statement, Shell Brazil said it had discovered oil in the 3-SHEL-22-ESS well at the Nautilus field, part of the Parque das Conchas development that went on-stream in July 2009.
Friday, June 25th 2010 - 05:22 UTC
Petrobras confirms high quality oil in latest off-shore discovery

Brazil’s government controlled oil and gas corporation Petrobras said its seventh well in the offshore Tupi field confirmed the potential of light oil in pre- salt reserves. The 3-BRSA-821-RJS well, known as Tupi Alto, is about 275 kilometers off the coast of Rio de Janeiro state, Petrobras confirmed Thursday in a regulatory filing.
Thursday, June 24th 2010 - 05:30 UTC
Argentine Lower House votes to sanction companies operating in Falklands

Argentina’s Lower House gave unanimous preliminary approval to a bill that seeks to impose sanctions on corporations operating in Argentina that may be looking to work in the Falkland/Malvinas Islands with out the approval of Argentine authorities. The bill must now be ratified by the Senate.
Friday, June 4th 2010 - 06:52 UTC
Rockhopper has confirmed the first Contingent Oil Resource in the Falklands.

Sam Moody, Managing Director, commented:”Our analysis of the data from the Sea Lion well suggests that there is significant potential upside on our acreage and our technical effort will now focus on integrating all of our new knowledge of the basin so we can understand and identify the best prospects for future drilling.”
Saturday, May 15th 2010 - 04:16 UTC
China Signs 23 Billion USD Deal with Nigeria to Build Three Refineries

Nigeria's state-run oil firm Nigerian National Petroleum Corporation and China State Construction Engineering Corporation have signed a 23 billion US dollars deal.