Tag: oil

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.
Saturday, May 15th 2010 - 02:50 UTC
PM Cameron Reaffirms Falklands’ Sovereignty and Supports Local Oil Industry

London reaffirmed British sovereignty over the Falkland Islands rejecting a call Friday from Argentine President Cristina Kirchner to new Prime Minister David Cameron to halt all oil exploration in the waters around the Falklands.
Friday, May 14th 2010 - 01:22 UTC
Indian Sub-Submersible Gas Rig Sinks off the Coast of Venezuela

Aban Offshore (BOM:523204), India’s largest offshore drilling and oil field services provider, suffered a major setback on Thursday, when its gas platform Pearl sunk off the coast of Venezuela. This was one of Aban’s biggest money spinning rig earning 358,000 US dollars a day.
Thursday, May 13th 2010 - 10:38 UTC
Brazil Announces Discovery of Field with 4.5 Billion Barrels of Light Oil

Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has revealed that the 2-ANP-1-RJS well, dubbed Franco, is estimated to hold 4.5 billion barrels of recoverable light 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.”