Tag: oil

• Wednesday, May 12th 2010 - 18:44 UTC

  Colombia the Rising Star of the Oil Industry in South America

  

  Colombian Oil Company Ecopetrol (NYSE:EC) said this week it broke an 11-year-old export record in April, selling 403,510 barrels per day (bpd) of crude oil and refined products to foreign clients.

• Monday, May 10th 2010 - 18:44 UTC

  Falklands’ Oil Discovery Announcement Has Rockhopper Shares up 32% Monday

  

  Shares in Rockhopper Exploration (LON:RKH) soared by 32% on Monday morning, after the latest results of its Sea Lion oil discovery in the Falkland Islands suggested a good quality reservoir.

• Saturday, May 8th 2010 - 06:33 UTC

  Petrobras Sets Monthly Record Oil Production in April: 2.033 Million bpd

  

  Brazilian government managed oil and gas corporation Petrobras (SAO:PETR3) set a monthly record for oil production in April with 2.033 million barrels per day topping the previous record of 2.004 million bpd from September 2009, the company said Friday.

• Saturday, May 8th 2010 - 01:23 UTC

  Falklands’ Rockhopper “High Quality Reservoir” Oil Find Boosts Shares

  

  Rockhopper Exploration (LON:RKH) oil discovery in the Falklands Islands is of “good” quality said on Friday a release from the company. The announcement had a positive impact on shares of all Falklands’ oil explorers.

• Thursday, May 6th 2010 - 20:02 UTC

  New Natural Gas Discoveries in the Extreme South of Chile

  

  Argentine based GeoPark Holdings (LON:GPK) has reported the successful testing of two new wells on the Fell Block in southern Chile.

• Thursday, May 6th 2010 - 19:23 UTC

  Strong Argentine Reaction to Falklands’ Rockhopper Oil Discovery Announcement

  

  The Argentine government rejected British oil company Rockhopper Exploration's earlier announcement regarding the finding of oil in Falklands/Malvinas Islands, warning that the government “will take the necessary actions to avoid Great Britain from taking illegal possession of Argentina's non-renewable resources.”

• Thursday, May 6th 2010 - 13:45 UTC

  Oil Exploration Data Indicates the First Oil Discovery in the North Falklands Basin.

  

  In a press release from Rockhopper Exploration (LON:RKH), the company says “the North Falkland Basin oil and gas exploration company, is pleased to announce that well 14/10-2 on the Sea Lion prospect has reached a depth of 2,744 metres.”

• Thursday, May 6th 2010 - 12:08 UTC

  Falklands: Sea Lion Exploration Well - 14/10-2 Oil Dicovery

  

  Rockhopper Exploration (LON:RKH), the North Falkland Islands Basin oil and gas exploration company, is pleased to announce that well 14/10-2 on the Sea Lion prospect has reached a depth of 2,744 metres. Initial data collected indicate that this well is an oil discovery, which would be the first in the North Falkland Basin.

• Thursday, May 6th 2010 - 05:34 UTC

  China’s Main Oil Corporation Closes 3.1 Billion Deal with Argentina’s Bridas

  

  China National Offshore Oil Corporation, CNOOC (NYSE:CEO) Ltd said on Wednesday it had closed a 3.1 billion US dollars deal with Argentina’s Bridas Energy Holdings (BEH) to buy a 50% stake in Bridas Corporation, a wholly owned subsidiary of BEH.

• Wednesday, May 5th 2010 - 22:03 UTC

  Petrobras Argentina Sells Parts of its Assets to Kirchner Couple Close Friend

  

  Petrobras Energía (NYSE:PZE), Brazil’s government managed oil and gas corporation announced it will sell part of its assets in Argentina to Oil Combustibles SA for 110 million US dollars, including a refinery, gasoline stations and inventories.