Energy & Oil
Energy & OilPetrobras completes record bond offering and collects 11 billion dollars
Brazil’s state-controlled oil firm Petrobras sold 11 billion dollars of global debt on Monday in the largest-ever bond offering by a Latin American company. The deal was split in six tranches comprised of fixed- and floating-rate debt with maturities ranging from three to 30 years, according to a report from Thomson Reuters.
Brazil reports great interest in the coming 11th bidding hydrocarbons round
The director of Brazil's Agencia Nacional do Petroleo (ANP) reports significant interest from operators in Brazil's upcoming 11th bidding round as the country pursues its plans to double its oil and natural gas production. The bidding round is the first since December 2008 and the first under the nation's new hydrocarbon law.
Brazil and Argentina agree to jointly build two nuclear research reactors
Atomic power agencies from Brazil and Argentina signed an agreement to build two nuclear reactors for research and production of radioisotopes, according to the Ministry of Science and Technology (MCT).
Repsol first quarter profits jumped 38% on the year mainly on higher production
Spains’s Repsol SA said on Thursday its first-quarter profit jumped 38% on the year, mainly due to higher production and refining margins.
Maduro promises Uruguay permanent supply of oil and full Mercosur commitment
President Nicolas Maduro promised his Uruguayan counterpart Jose Mujica a “permanent” supply of petroleum from oil-rich Venezuela during the first leg of his visit to Mercosur member countries. Maduro also announced the signing of a strategic alliance in the energy sector with Uruguay.
Petrobras finds ‘good quality’ oil in the sub-salt area of the Santos Basin
Brazil's state-run oil company Petrobras found “good quality” oil in a sub-salt area of the offshore Santos Basin, one of the world's most promising oil frontiers, according to a securities filing by Petrobras on Tuesday.
Falkland Islands as oil-producing country: boon or blight?
For some, the prospect of the Falkland Islands becoming an oil-producing country creates exciting visions of opportunity, while for others it seems like a nightmare. What is certain is that oil, like sheep and fishing before it, will inevitably bring changes to both our wealth and our way of life.
YPF admits ‘inflation in Argentina is a problem” and could be higher by next year
Argentine nationalized energy company YPF warned on Tuesday that inflation in the country may keep rising and affect its results, a rare admission considering the company is controlled by a government known for playing down the problem.
Fire in Argentina knocks out main refinery and imports of gasoline and diesel trebled
Almost four million barrels of diesel and gasoline were shipped from Europe and the US to Argentina where a recent major fire in the country’s main refinery significantly diminished the supply of refined produce. The situation could extend for another two years, according to private estimates from the oil industry.
Argentina natural gas imports in March soar 74% compared to a year ago
Argentina's natural gas imports rose 74% to 28.4 million cubic meters/d in March, compared with 16.3 million cu m/d in the year-earlier period, the country’s Energy Secretariat said Monday. Imports were up 16% compared with 24.5 million cu m/d in February, according to a monthly data report.
