Stories for October 2020

Wednesday, October 28th 2020 - 09:23 UTC
Huge volumes of discovered hydrocarbons remain 'stranded' in South Atlantic fields of Brazil, Angola and Falklands

Huge volumes of discovered hydrocarbons worldwide are currently ‘stranded,’ according to a study by Westwood Global Energy Group. The consultant has identified 119 fields in this category that were found between 2008 and 2016 with collectively 11 Bbbl of oil and 36 Bboe of gas, but currently not progressing toward development, including Brazil, Angola, and the Falkland Islands in the south Atlantic.
Wednesday, October 28th 2020 - 09:19 UTC
Bolsonaro “transformative” reforms' goal for Brazil, with a 3,5% average growth during a decade

Brazil's government on Tuesday outlined a long-term roadmap for the economy, based on three scenarios of economic and fiscal reforms that could lift gross domestic product per capita by as much as 37% over the next decade.
Wednesday, October 28th 2020 - 09:16 UTC
Argentina pro-life lobbies ready for a major battle when the promised abortion bill is sent to Congress

The Catholic Church, some lawmakers, and the pro-life lobbies are ready for a major battle when the current Argentine government is expected to send a bill to legalize abortion. This follows statements from president Alberto Fernandez pledging to the green scarves movement, who strongly support the initiative that the long-delayed bill will be taken up for consideration soon.
Wednesday, October 28th 2020 - 09:10 UTC
China in nine months imported 3,9 million tons of pork and 1,57 million tons of beef

Chinese imports of meat and offal totaled 830,000 tons in September, 63% higher than the volume recorded for the same month last year, based on information from Beijing's customs office.
Wednesday, October 28th 2020 - 09:06 UTC
Guyana extends Noble Corporation drillship rig contract 6,5 years to August 2030

Noble Corporation plc's ultra-deepwater drillship Noble Tom Madden has received about 6.5 years of additional contract term under the commercial enabling agreement (CEA) with ExxonMobil for work offshore Guyana.
Wednesday, October 28th 2020 - 09:00 UTC
China takes 51,4% more soybeans from Brazil than in September last year

China imported 51,4% more Brazilian soy during September, than in the same month a year ago according to a release from the Chinese Customs on 25 October. Brazil exported 7.25 million tons of oilseed to China in September compared to 4.79 million tons in the same period in 2019, according to the agency.
Wednesday, October 28th 2020 - 08:41 UTC
Brazil's inflation outlook rises to 3%, spiked by food prices, Focus survey

Brazil's 2020 inflation outlook rose to 3%, a central bank survey showed on Monday, the 11th week in a row it has risen as a recent spike in food prices continues to intensify short-term inflation pressures.
Wednesday, October 28th 2020 - 08:40 UTC
Argentina and Pakistan sign MoU to promote trade and technological cooperation

Pakistan and Argentina signed a Memorandum of Understanding on Cooperation in Sanitary and Phytosanitary issues, during a ceremony conducted in Buenos Aires with the purpose of promoting and sponsoring trade in animals, plants, and by-products, as well as technical cooperation.
Tuesday, October 27th 2020 - 09:30 UTC
Argentina calls for “solidarity multilateralism” at UN meeting

Argentine Foreign Affairs Minister Felipe Sola on Monday called on Latin American and Caribbean countries to embrace “solidarity multilateralism” to overcome the impact of the COVID-19 pandemic.
Tuesday, October 27th 2020 - 08:50 UTC
Brazil extends to May 2022 military deployment to protect the Amazon rainforest

Brazil’s conservative government will extend the military’s deployment to fight the destruction of the Amazon rainforest by five months through April 2021 from its previous November end date, Vice President Hamilton Mourao said on Monday.