Chile's Enap Sipetrol has acquired an offshore block, Octans Pegaso, on the Argentine continental shelf off the coast of Patagonia province of Santa Cruz. The block covers 886 square kilometers and is 20kms off Santa Cruz coast at its closest point to land. It was purchased from the consortium made up of Total Austral (35%), Wintershall (35%) and ENI (30%).
European Union ambassadors agreed on Thursday to withdraw an appeal to the European Court of Justice meaning the bloc will have to accept its verdict annulling anti-dumping duties imposed on imports of biodiesel from Argentina and Indonesia.
Brazil is studying the removal of a 20% tariff on ethanol imports from the United States, Agriculture Minister Blairo Maggi said on Wednesday, in a decision that could depend on Washington lifting a ban on fresh beef exports from Brazil. Last year, Brazil imposed a 20% tax on ethanol imported from the U.S. that exceeds a 600 million liter annual quota to protect local producers as imports spiked.
Falkland Islands lawmaker MLA Ian Hansen made on Wednesday a courtesy call on Guyana's Minister of State Joseph Harmon at his office in the Ministry of Presidency, in Georgetown, the country's capital.
Uruguayan farmers with their tractors, harvesters, trucks, vans and on horseback took to the roads to protest the cost of fuel, power, increased taxes and an over bloated national budget and bureaucracy which they blame for making several farm activities unprofitable, and have had an overall negative impact for the different camp activities.
Rockhopper Exploration said the Sea Lion phase 1 project in the North Falkland Basin was moving towards sanction at the end of 2018. London-listed Rockhopper said project partners had been focusing on securing the US$1.5billion of capex required to achieve first oil.
For the sixth time Exxon and partners at the Stabroek block offshore Guyana are celebrating another major find in northern South American waters. In effect, Ranger-1 exploration well, the sixth find since discovering Liza in 2015, hit approximately 70m of high-quality, oil-bearing carbonate reservoirs some 60mi northwest of the Liza development.
Siemens Gamesa Renewable Energy SA is in final negotiations to supply about 700 megawatts of wind turbines for power plants in Brazil. The deal are to supply equipment for projects that Voltalia SA, EDP Renovaveis SA, Enel Green Power SpA, and Neoenergia SA are developing in northeast Brazil. The orders are all for wind farms that won government-organized power auctions in December.
In a surprise move, the Brazilian government has announced that the era of building big hydroelectric dams in the Amazon basin, long criticized by environmentalists and indigenous groups, is ending.
Brazilian shareholders of state-controlled Petrobras are petitioning a Brazilian court to be paid on similar terms as those given to U.S. shareholders in a US$ 2.95 billion settlement, according to lawyers representing them.