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Argentina take legal Action in Oil Exploration Falkland Island
Argentina will take legal action against any companies involved in oil exploration off the disputed Falkland Islands as part of a drive to pressure Britain into sovereignty talks, the foreign minister said on Thursday. Three decades after it repelled an Argentine invasion of the Falklands, Britain has vowed to defend the archipelago, saying it will [...]
Saturday, March 17th, 2012Deep Water Oil Drilling Gulf Mexico 2012
By early 2012 there will be more rigs in the Gulf designed to drill in its deep water defined as 2,000 feet or deeper — than before the spill. Two hundred miles off the coast of Texas, ribbons of pipe are reaching for oil and natural gas deeper below the ocean’s surface than ever before. [...]
Monday, January 2nd, 2012Petrobas Discovery Oil Santos Basin, Acquire Interest Offshore Benin and Restart Cherne
Petrobras has acquired 50% interest in Block 4, located off the coast of Benin – a country situated on the west coast of Africa -, from Compagnie Béninoise des Hydrocarbures (CBH), a subsidiary of Lusitania Petroleum, which maintains the remaining 50%. Petrobras aims to find Light oil, reproducing the discoveries that took place in the [...]
Wednesday, February 23rd, 2011