Energy & Oil

Monday, November 28th 2022 - 21:49 UTC
Caps on fuel prices announced to curb Argentina's inflation

Argentina's Superminister of Economy, Industry and Agriculture Sergio Massa reached an agreement with oil companies whereby fuel joins the list of care-for prices. Hence, the price at pumps may not go up above a 4% monthly ceiling until March, it was announced in Buenos Aires.
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Monday, November 28th 2022 - 21:48 UTC
Price of fuel in Paraguay keeps falling

The price of fuel at pumps in Paraguay has gone down twice in November of 2022 after a ₲ 100 (US$ 0,014) reduction per liter was announced over the weekend.
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Friday, November 25th 2022 - 08:11 UTC
Energy agreement between Argentina and Brazil extended

Argentina and Brazil agreed to extend the current Memorandum of Energy Exchange until 2025, it was reported Thursday. The document, which provides for the exchange of electric power and natural gas between both countries, was about to expire. As per its new wording, the agreement is to be automatically renewed every four years.
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Tuesday, November 22nd 2022 - 20:50 UTC
Uruguay confident in EU-sponsored sustainable energy matrix program

Uruguay's Industry Minister Omar Paganini highlighted the AL-Invest Verde program for its ambitiousness regarding sustainable development which will position the South American country as a regional innovation hub.
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Monday, November 21st 2022 - 09:05 UTC
Mar del Plata union requests lifting of measures banning offshore oil drilling

The Mar del Plata branch of Argentina's General Labor Confederation Union sent a note to the Courts requesting all precautionary measures stopping offshore oil exploration be lifted so that the companies can start working in the North Argentina Basin.
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Friday, November 18th 2022 - 09:56 UTC
Venezuela after Guyana's oil claiming border dispute in The Hague

“We will demonstrate Guyana's claim is inadmissible,” Venezuelan Vice President Delcy Rodríguez said on Thursday to the International Court of Justice in The Hague, which is the United Nations' highest for resolving disputes between states.
Wednesday, November 16th 2022 - 10:30 UTC
Falklands' electricity price up from December first; power allowance scheme for households

Due to the continued impact of increasing fuel prices, the Falkland Islands Government announced that in accordance with Regulation 10A of the Electricity Supply Regulations 1969, there will be a change in the price of electricity supplied to consumers.
Monday, November 14th 2022 - 09:25 UTC
Express claims UK “foiled Russian plot to sabotage fuel pipeline in Ascension island”

According to a piece published by the Daily Express and credited to their Defense Editor, Marco Giannangeli, British specialists managed to secure a vital pipeline for the South Atlantic, following an intelligence tip-off that it was being targeted by Russian saboteurs.
Friday, November 11th 2022 - 20:16 UTC
COP27 told Brazil in a hurry to start producing green hydrogen

Brazilian dignitaries to the Conference of Parties 27 Climate Summit at the Egyptian Red Sea por of Sharm El-Sheikh announced that their country was in a hurry to start producing green hydrogen and electricity from wind turbines to be installed offshore.
Thursday, November 10th 2022 - 10:30 UTC
Guyana becoming the world's most exciting oil frontier: with a million bpd by 2030

No end to surprises from offshore Guyana and an ExxonMobil-led consortium, which have identified at least 11 billion barrels of recoverable oil resources, and catapulted the impoverished South America country firmly onto the global oil map.