Energy & Oil

Friday, May 5th 2023 - 23:02 UTC
Canadian company JHI to explore for oil and gas in Falklands' waters

Oil and gas exploration company Argos Resources is set to sell its sole asset, the PL 001 production license in the North Falkland Islands, which is estimated to hold around 3 billion barrels of oil, to JHI. After completing the transaction, Argos plans to seek to delist from AIM and wind up the company.
Thursday, May 4th 2023 - 10:31 UTC
Argentine deputies want lithium nationalized

A group of lawmakers from Argentine's ruling Everybody's Front (Frente de Todos - FdT) has launched an initiative to nationalize the country's lithium resources, it was reported Wednesday in Buenos Aires.
Tuesday, May 2nd 2023 - 10:15 UTC
Bolivia finds new oil well, President Arce announces

Bolivian President Luis Arce Catacora Monday announced the discovery of the YOPE-X1 hydrocarbon well in the municipality of Yapacani, in the department of Santa Cruz, it was reported.
Wednesday, April 26th 2023 - 10:17 UTC
No Labor Day parade in Cuba due to fuel shortage

Cuban authorities had to cancel the traditional May 1 Labor Day Revolution Square parade due to the shortage of fuel, it was announced Tuesday. Smaller events will be staged instead in “communities, labor, and student centers for several days and parades in the country's municipalities,” it was explained. The main event will take place in Havana's Malecon.
Tuesday, April 25th 2023 - 12:43 UTC
Argentina to export oil to Chile again

Beginning in June, Argentina will resume exporting oil to Chile after 17 years, the website Rio Negro reported.
Friday, April 21st 2023 - 10:41 UTC
Chile announces national lithium strategy

Chilean President Gabriel Boric Font Thursday launched a new state lithium policy which includes the creation of the National Lithium Company and the participation of private companies in new developments. Chile is the world's second-largest lithium producer, behind Australia.
Monday, April 17th 2023 - 22:56 UTC
With “energy cooperation”, Russia/China trade booming using Yuan/Rouble currencies

Energy cooperation helped China's overall trade with Russia maintain its strong growth momentum in the first quarter with an increase of 38.7% from a year earlier, far outpacing the growth of China's total trade.
Sunday, April 16th 2023 - 12:49 UTC
Nuclear energy era comes to an end in Germany

The era of nuclear reactors came to an end in Germany Saturday after the three last such plants were shut down as the country enters a new energy chapter, facing the challenge of doing without fossil fuels while at the same time managing the gas crisis triggered by the war in Ukraine.
Wednesday, April 12th 2023 - 11:00 UTC
IEA insists increasing fossil fuel production contradicts goals to stop global warming

Fatih Birol, head of the powerful International Energy Agency, (IEA),, the Paris-based organization led by the energy ministers of mostly rich countries, has warned that companies that increase fossil fuel production are contradicting goals to stop the planet warming.
Monday, April 10th 2023 - 12:42 UTC
UK offshore Oil Workers anticipate biggest strike in a generation

Hundreds of oil and gas platforms will stage a 48-hour strike in a dispute over pay and other working conditions. Unite has warned that the standstill by the walkout has been planned for April 24. Industry experts agree that contractors and operators can afford to give the Unite members a decent pay rise.