Energy & Oil

Tuesday, May 4th 2021 - 23:26 UTC
Russia plans major presence in Argentina with two nuclear plants plus military equipment

Russia's Ambassador to Buenos Aires Dmitry Feoktistov has confirmed his country's intention to build two nuclear power plants in Argentina and press sources at the Casa Rosada presidential palace have not denied it, although the project is yet to be officially endorsed by the administration of President Alberto Fernández.
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Thursday, April 29th 2021 - 16:56 UTC
Argos granted extension to Falklands production licence

Argos Resources has successfully secured a 12-month extension to the second term of its Production Licence in the North Falkland Basin, the company announced this week. The extension, which runs until 1 May 2022, was approved by the Falkland Islands Government’s Executive Council on March 24.
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Thursday, April 29th 2021 - 07:25 UTC
Chile on track to phasing out coal as source to generate electricity

Chilean plans to close half of the country's coal-fired electricity generating plants by 2025, Energy Minister Juan Carlos Jobet assured Wednesday during a ceremony in which the generating company Engie vowed to either close or convert six of the oldest plants by 2024, with a capacity of 800 megawatts (MW).
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Monday, April 26th 2021 - 08:38 UTC
Bolivia's YPFB eyes oil income of US $ 1,900 million for this year

Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) CEO Wilson Zelaya announced the state-run company projected an oil income above 1,900 million US dollars for the year 2021, which would represent a 35% growth compared to 2020.
Saturday, April 24th 2021 - 07:02 UTC
Paraguay and South Korean finalize details for joint electric car parts production to start in 2022

Paraguay's Minister of Industry and Commerce (MIC) Luis Alberto Castiglioni Friday discussed with South Korean Ambassador To Asunción In Shik Woo the establishment of an Auto Parts Technology Center for electric cars in the South American country, which is due to commence in 2022 and last for about five years, it was reported.
Thursday, April 22nd 2021 - 09:15 UTC
Uruguay tops Latin American transition to environment friendly energy sources

Uruguay continues to be Latin America's leading country regarding energy transition towards renewable sources, according to an index released jointly this week by the World Economic Forum and the Accenture consultancy firm.
Friday, April 2nd 2021 - 09:58 UTC
One power plant starts operating in Argentina, foundations laid for another

The 21 MW thermoelectric power plant of Río Turbio Carboniferous Field Wednesday at 8 am began to generate electricity and deliver it to the National Interconnected System, it was announced.
Friday, March 19th 2021 - 08:50 UTC
Argentina buying LNG cargoes from BP, preparing for the coming winter

Argentina's state-owned IEASA received offers from 14 companies to supply 24 LNG cargoes at an average price of US$ 6.50/mn Btu. All the offers are expected to be awarded for a total of US$ 330mn, according to the energy secretariat.
Thursday, March 18th 2021 - 08:53 UTC
YPF hikes fuel prices 7% to help finance an ambitious investment plan to boost crude production

YPF, the biggest oil producer in Argentina, said on March 16 that it hiked diesel and gasoline pump prices by 7%, helping to finance a US$2.7 billion investment plan to boost crude output.
Tuesday, March 9th 2021 - 09:51 UTC
Oil heading for US$ 70 a barrel on OPEC+ latest decision to retain output cuts

Oil is heading toward US$ 70 a barrel after OPEC+ chose not to relax supply curbs even as the global economy pulls out of its pandemic-driven slump, confounding widespread expectations the group would loosen the taps.