Tag: oil

• 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.

• Tuesday, May 4th 2010 - 04:15 UTC

  Seafood Prices May Rocket Due to Louisiana Oil Slick; Ten Day Fishing Ban In

  

  United States officials have announced a ban on fishing for at least ten days in waters off Louisiana spanning to parts of the Florida panhandle as the oil slick from a leak spreads across the Gulf of Mexico. Rough weather conditions are complicating crews’ efforts to contain the oil slick.

• Saturday, May 1st 2010 - 08:08 UTC

  As BP Oil Spill Advances; Florida Declares State of Emergency

  

  State of Florida Governor Charlie Crist declared on Friday a state of emergency in coastal counties because of the threat from the oil spill in the Gulf of Mexico.

• Friday, April 30th 2010 - 05:35 UTC

  Out of Control Oil Spill Reaches Louisiana Coastline; BP Shares Plunge

  

  Oil started washing ashore on the US Gulf Coast from a leaking offshore well, the US Coast Guard reported. Up to 5,000 barrels of oil a day are thought to be spilling into the water after last week's explosion on a BP-operated rig (NYSE:BP), which then sank.

• Friday, April 30th 2010 - 01:16 UTC

  Repsol YPF Plans to Raise Cash to Keep Expanding in Brazil

  

  Repsol YPF S.A. (BMAD:REP), Spain’s biggest oil company, is considering the sale of about 40% of its Brazil assets in an initial public offering as early as this year, company executives said Thursday on a conference call.

• Monday, April 26th 2010 - 05:40 UTC

  Huge Operation to Stop Oil Leaking from Gulf of Mexico Well Explosion

  

  Efforts were under way Sunday to contain and stop oil leaking from a BP well after a rig explosion in the Gulf of Mexico, the US Coast Guard said. Officials found oil was leaking Saturday from the well.

• Saturday, April 24th 2010 - 07:51 UTC

  Coming Antarctic Season 2010/11, the Last for Big Cruise Ships

  

  The Antarctica season beginning in November is likely to be the last one as it has been known. Proposed changes to the type of fuel ships are allowed to burn and carry in this fragile ecosystem have now become a reality, making the future of big cruise ships in Antarctica uncertain.

• Saturday, April 24th 2010 - 07:34 UTC

  US Navy Celebrates Earth Day With Flight Test of “Green” F/A Super Hornet

  

  The United States Navy celebrated Earth Day April 22 by showcasing a flight test of the “Green Hornet,” an F/A-18 Super Hornet multi-role fighter jet powered by a 50/50 blend of conventional jet fuel and camelina aviation bio-fuel.