Energy & Oil

Friday, January 27th 2023 - 18:27 UTC
Federal Court of Appeals okays Mar del Plata offshore oil exploration

The Federal Court of Appeals of Mar del Plata turned down an appeal filed by Mayor Guillermo Montenegro and various environmental organizations to cancel the offshore oil exploration project involving YPF, Equinor, and Shell. The undertaking is expected to yield some US$ 20 billion in exports annually.
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Friday, January 27th 2023 - 10:13 UTC
Petrobras has a new CEO; company shares drop awaiting fuels prices policy

Former Senator and energy consultant, Jean Paul Prates is Brazil's oil giant Petrobras new Chief Executive, marking a clear difference from the previous administration rapidly reflected in the Sao Paulo stock exchange where company shares dropped more than 3% on Thursday
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Friday, January 27th 2023 - 10:11 UTC
UK car production falls 40.5% to pre-pandemic levels; electric cars manufacturing boom

The United Kingdom car production fell to its lowest level since 1956 in 2022 as output was hit by global shortages of semiconductor chips, figures show. A total of 775,014 cars were built in 2022, down 9.8% from the 859,575 made during the previous year, the Society of Motor Manufacturers and Traders (SMMT) said.
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Friday, January 27th 2023 - 10:04 UTC
Soaring gas price helped Norway triple its hydrocarbons tax revenue

Soaring gas prices in 2022 means that the Norwegian Tax Administration will collect a record US$ 89,5 billion, triple the previous record of 2021, according to the tax revenue office. Likewise it has revised upwards petroleum revenue by 20%.
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Saturday, January 21st 2023 - 10:22 UTC
UK cost of living: King Charles wants profits from his wind farm be distributed among the public

King Charles III has requested that the annual profits from his wind farm deal be directed towards helping the cost of living crisis in the UK rather than support the royal family, the Crown Estate confirmed this week.
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Friday, January 20th 2023 - 18:30 UTC
Ancap announces e-vehicles chargers to be installed in Uruguayan interior

Uruguay's state-run oil company Ancap plans to set up a charging station for electric vehicles in Paysandú, right beside the international bridge leading to Colón in the Argentine province of Entre Ríos, in a move to promote sustainable international travel in the near future, according to the website Surtidores citing company Vice President Diego Durand.
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Friday, January 20th 2023 - 14:59 UTC
Viking Neptune will test hydrogen power during its 138-day world cruise

Viking Neptune, the company’s newest ocean liner, was named during a ceremony in Los Angeles. Nicole Stott, a retired NASA astronaut, aquanaut, and artist, gave the ship a blessing of good fortune and safe sailing as part of the occasion.
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Thursday, January 19th 2023 - 10:14 UTC
PDVSA suspends oil exports to review contract terms fearing no payment defaults

Venezuela's PDVSA announced it was suspending most of its crude oil exports to review the contractual terms. The review aims to make sure there will be no payment defaults, pointing out that the imposition of U.S. sanctions on the trade in Venezuelan,
Wednesday, January 18th 2023 - 20:37 UTC
Latin America's largest green hydrogen plant to start production in March

Chile plans to start producing and exporting green hydrogen-based synthetic gasoline when the Haru Oni plant, owned by Highly Innovative Fuels (HIF), starts operating in March 2023, it was reported.
Wednesday, January 18th 2023 - 10:52 UTC
Borders & Southern Petroleum looking for partners to develop Falklands' gas condensate discovery

Falkland Islands Borders & Southern Petroleum has produced a phased development concept for its Darwin gas condensate discovery south of the Falkland Islands, which has been supported by an independent study by an international engineering consultancy.