Energy & Oil

Thursday, June 30th 2022 - 09:29 UTC
Brazil negotiating the purchase of diesel fuel from Russia

Anticipating possible fuel shortages, particularly diesel, the Brazilian government is considering importing the fuel from Russia. Currently, only Petrobras imports diesel from India, the country which is refining Russian oil. Brazil's foreign ministry is already helping private companies with the necessary accreditation for such operations through Abicom, the fuel importers association.
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Tuesday, June 28th 2022 - 21:15 UTC
Bolsonaro says Brazil might buy diesel from Russia

Brazilian President Jair Bolsonaro has hinted he might purchase diesel from Russia after a telephone conversation with Vladimir Putin, who had reportedly vowed to guarantee the South American country a steady supply of fertilizers despite the ongoing war with Ukraine.
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Tuesday, June 28th 2022 - 09:19 UTC
New Petrobras CEO greenlighted pending objections

Caio Mário Paes de Andrade has been approved Monday as the new CEO of Brazil's state-run oil company to replace José Mauro Coelho, who lasted merely 68 days on the job.
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Saturday, June 25th 2022 - 11:08 UTC
Uruguay is back in the oil exploration business; three companies awarded four off shore blocks

Uruguay's oil refining and fuel distribution company Ancap announced on Friday that three blocks and exploration licenses in the country's maritime shelf had been awarded. Two of them were acquired by Shell and the third by Apache Corporation, including an exploratory well, in the framework of the Open Uruguay Round.
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Wednesday, June 22nd 2022 - 20:11 UTC
Unconventional production boosts oil and gas output in Argentina

Argentina's oil output reached its zenith in 20 years with 584,000 barrels per day (bpd) delivered in May of 2022, thanks mostly to unconventional developments, it was reported Tuesday.
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Wednesday, June 22nd 2022 - 09:28 UTC
Bolsonarists looking for strategies to halt fuel price increases

While Brazil's Energy Minister Adolfo Sachsida appeared Tuesday before the Lower House to answer questions about the current situation regarding the state-owned oil company Petrobras, the Government of President Jair Bolsonaro is concocting other strategies to curb the neverending increases in the price of fuel.
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Tuesday, June 21st 2022 - 09:24 UTC
German “Green” minister admits electricity coal burning plants will have to go back into production

Germany will have to increase the burning of coal for electricity production, because of the cut in gas supplies from Russia, economy minister Robert Habeck announced, despite his Greem party's policy favoring green energy and eliminating fossil fuel.
Tuesday, June 21st 2022 - 09:21 UTC
Petrobras CEO Coelho bows to pressure and resigns

After barely 40 days on the job, José Mauro Coelho resigned as CEO of Brazil's state-run oil company Petrobras due to pressure from President Jair Bolsonaro and other politicians over a recent increase in the price of fuel, which drives inflation upwards ahead of the Oct. 2 elections. Bolsonaro had dubbed the price hike a “betrayal” of the Brazilian people.
Tuesday, June 7th 2022 - 21:06 UTC
Argentina: 19 provinces hit by shortage of diesel fuel

The shortage of diesel fuel, which at first affected only 8 provinces, has spread to the extent that Patagonia is the only region not yet going through a crisis, it was reported.
Tuesday, June 7th 2022 - 09:39 UTC
Rains bring relief to Paraguay and Paraná rivers

The Paraná and Paraguay rivers have noticeably begun their recoveries from year-long downspouts after constant rains in the past few days, Paraguayan authorities have reported.