Energy & Oil

Tuesday, January 23rd 2024 - 10:49 UTC
Falklands applies for expansion of wind farm which supplies 35% of Stanley's energy

The Falklands Islands have invested heavily in green, renewable energy and protection of the environment, while at the same time having as a goal making the Islands energy independent, secure and resilient. This has meant that 90% of households in Camp use energy derived from wind and solar power, while 35% of Stanley’s energy comes from wind power, mainly three eolic turbines at Sand Bay.
Friday, January 19th 2024 - 10:27 UTC
Lithium: Bolivia's YLB signs new agreement with China's CBC

A new agreement between Bolivia's state-owned Yacimientos de Litio Bolivianos (YLB) and the Chinese consortium CATL, BRUNP & CMOC (CBC) was signed Thursday to install a lithium carbonate pilot plant with Direct Lithium Extraction (DLE) technology in the Uyuni salt flat and would have a production of 2,500 tons per year after an investment worth US$ 90 million.
Thursday, January 18th 2024 - 10:55 UTC
Argentina: New oil spill recorded off Bahía Blanca

Argentine authorities in the city port of Bahía Blanca in the province of Buenos Aires said a new oil spill had been reported after the one late last month. However, this time around the damage would have been controlled in less time, it was explained.
Tuesday, January 16th 2024 - 11:10 UTC
Peru: Repsol argues area affected by La Pampilla spill is fit for use

The Spanish oil company Repsol said Monday that the Peruvian beaches affected by the 2022 La Pampilla spill were again fit for travelers.
Saturday, January 6th 2024 - 10:10 UTC
FPSO Sepetiba begins production at Petrobras’ third largest oil field off Brazil

Oil and gas giant Petrobras has started production from a floating production, storage, and offloading (FPSO) vessel at its giant Mero oil field in the pre-salt area of the Santos Basin offshore Brazil. The third production unit at the field, out of a total of five, since two are yet to be installed.
Tuesday, December 26th 2023 - 08:20 UTC
Angola quitting OPEC over dispute about oil production quotas

Angolan official media have reported from Luanda that Angola is leaving OPEC, following a meeting of the Council of Ministers, let by the president of the country, Joao Lourenco.
Wednesday, December 20th 2023 - 09:55 UTC
Maduro meets with Repsol executives to advance on joint venture

Venezuelan President Nicolás Maduro met Tuesday in Caracas with executives from the Spanish oil company Repsol to further discuss the details of Monday's agreement with the South American country's PDVSA (Petróleos de Venezuela) to reactivate operations as the United States temporarily lifted some sanctions previously imposed on the regime.
Wednesday, December 20th 2023 - 09:55 UTC
Essequibo conflict means higher insurance costs for Guyana

Amid escalating concerns about the Essequibo crisis with neighboring Venezuela, Guyana has been included in the list of greatest risk for maritime transport drafted by insurers Lloyd's Market Association for vessels visiting offshore facilities in the former British colony's Exclusive Economic Zone, beyond “territorial waters.”
Monday, December 18th 2023 - 10:53 UTC
Argentina to buy electricity from Brazil due to storm

Following the disruption caused by last weekend's storms to the country's grid, Argentina will import electricity from Brazil on a transitory basis, it was reported Sunday, in addition to other emergency measures adopted to face the crisis and restore supply in parts of the Autonomous City of Buenos Aires (CAMA) and its Metropolitan Area (AMBA).
Wednesday, December 6th 2023 - 10:44 UTC
Maduro to grant oil-drilling licenses in Essequibo

Although Venezuela does not have since 1899 the effective control of the Essequibo area disputed with Guyana, President Nicolás Maduro announced Tuesday that he planned to grant oil-drilling licenses after Sunday's referendum recognized the South American country's alleged rights over the territory.