Energy & Oil

• Thursday, March 27th 2025 - 16:50 UTC

  India and China no longer buying crude from Venezuela after Trump's threats

  

  The United States imposing a 25% tariff on countries importing oil and gas from Venezuela starting next month has already taken its toll on Caracas' coffers as India and China —accounting for over 50% of its crude exports— have halted purchases. China, which imported 351,000 barrels per day (bpd) last year, and India, with 254,000 bpd in January, are stepping back, with companies like India’s Reliance Industries planning to stop imports.

• Thursday, March 27th 2025 - 09:55 UTC

  Seven Chilean fishermen arrested in clash with carabineros

  

  Seven people were arrested, and several law enforcement officers were injured Wednesday as artisanal fishermen in the Chilean region of Maule clashed with carabineros during a protest on Route 5 South near San Javier. The demonstrators blocked the highway to protest against the so-called Fracking Law bill, which was to be voted on in the Senate. All eight injured officers were reported to be out of immediate danger.

• Thursday, March 27th 2025 - 04:28 UTC

  The Economic Impact of Renewable Energy Investments in South America

  

  In recent years, renewable energy has emerged as a key driver of economic growth and environmental sustainability around the world. For South America, a region traditionally reliant on fossil fuels and hydroelectric power, the shift toward renewable energy presents both opportunities and challenges. As global concerns about climate change and energy security intensify, countries across South America are increasingly investing in renewable energy sources such as wind, solar, and biomass. These investments are not only helping to meet the region's energy demands but also fostering economic growth, creating jobs, and enhancing energy independence.

• Wednesday, March 26th 2025 - 05:40 UTC

  Falklands Sea Lion oil development FID expected by midyear, Rockhopper reports

  

  A final investment decision (FID) for the Sea Lion development offshore the Falkland Islands could be reached in mid-2025, according to Rockhopper, which is partner in the project with the operator Navitas Petroleum from Israel.

• Thursday, March 20th 2025 - 13:37 UTC

  Bolivia's oil supply from bad to worse

  

  A lorry carrying crude oil from Chile to Bolivia for refining overturned in Lauca National Park, Arica, Chile, spilling approximately 10,000 liters of oil, thus causing significant environmental contamination. Firefighters initially contained the spill, but damage to flora and fauna is still being assessed by Chile's National Forestry Corporation (Conaf).

• Thursday, March 13th 2025 - 10:38 UTC

  Bolivian gov't announces measures to tackle fuel shortages

  

  Bolivian President Luis Arce Catacora announced Wednesday in a broadcast message a set of ten measures adopted by his government to tackle the fuel shortage affecting his country.

• Thursday, March 13th 2025 - 10:31 UTC

  Labour has found out it needs to continue stimulating oil and gas production

  

  An oil industry information site has published a most interesting piece on the UK Labour government turn around in its oil and gas policy. The piece recalls that when the Labour Party of Keir Starmer won the latest UK elections, it vowed to stop new oil and gas exploration. The Starmer cabinet has stayed true to its word on that—but it is looking for ways to boost production through other means.

• Wednesday, March 12th 2025 - 10:27 UTC

  Bolivia's fuel shortage crisis deepens

  

  The Bolivian department of Santa Cruz is experiencing a crisis caused by a severe diesel shortage, which has led to blockades and threats of strikes. Farmers in Concepción and Yapacaní have blocked key highways connecting Santa Cruz with other regions, protesting the lack of fuel that threatens their summer harvest of crops like soybeans, corn, and rice. These blockades have disrupted trade routes and prompted warnings of further protests in other towns like San Carlos and Portachuelo.

• Tuesday, March 11th 2025 - 19:00 UTC

  Two more partners join Vaca Muerta Sur project

  

  Shell Argentina and Chevron Argentina joined the Vaca Muerta Sur (VMOS) project as shareholders in the major oil transport infrastructure initiative led by a consortium including the state-owned YPF, Pan American Energy (PAE), Pampa Energía, Vista Energy, and Pluspetrol. “It is the most important oil transport infrastructure project of the last decades,” the consortium said in a statement.

• Monday, March 10th 2025 - 10:45 UTC

  Trump's sanctions cut off all comunication lines, Maduro claims

  

  Venezuelan President Nicolás Maduro criticized US President Donald Trump's decision to revoke Chevron's license to operate in the South American country, claiming it disrupted communication channels and hindered the repatriation of irregular migrants.