Energy & Oil

Monday, September 25th 2023 - 10:00 UTC
Argentina insists Navitas Petroleum has a ban due to “illegal” operations in Falkland Islands

Argentina has again complained that the Israeli company Navitas Petroleum LP is operating in the Falkland Islands, Malvinas Islands, involved in illegal activities in Argentine insular territory without the pertinent hydrocarbons exploration and exploitation permits from the competent authorities.
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Monday, September 25th 2023 - 09:55 UTC
Uruguay's Ancap awards all offshore exploration licenses open for bids

Uruguay's state-run oil company Ancap has awarded all seven offshore oil and gas exploration licenses open for bids to four foreign companies: YPF (Argentina), APA Corp (United States), and Shell and Challenger Energy Group (CEG) (United Kingdom), it was reported in Montevideo.
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Friday, September 22nd 2023 - 10:04 UTC
Argentina releasing LPG trucks bound for Paraguay

In the latest episode of the feud between Argentina and Paraguay, trucks carrying liquefied petroleum gas (LPG) bound for Asunción and detained by Argentine customs began to be released Thursday, it was reported, a week after barges carrying fuel were also detained for unpaid tolls on the Paraná River waterway.
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Wednesday, September 20th 2023 - 09:28 UTC
Argos transferring its North Falkland Basin production license to JHI Associates

Argos Resources Falklands said on Tuesday that the government of the Falkland Islands has agreed to the transfer of Argos's PL001 production license interests in the North Falkland Basin to JHI Associates based in Toronto, Canada.
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Wednesday, September 20th 2023 - 09:00 UTC
French Total planning to drill for gas off shore Tierra del Fuego

France's Total Vice-president said the company will start drilling at the Fenix field off the southern Argentine province of Tierra del Fuego in March 2024 and expects to start production the following November.
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Wednesday, September 20th 2023 - 08:05 UTC
Tension between Argentina and Paraguay on the rise

Tension between Argentina and Paraguay is on the rise after Economy Minister and presidential candidate Sergio Massa argued that his country had paid for the construction of the Yacyretá Dam between the 1980s and 1990s and was still owed “billions of dollars” for it.
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Thursday, September 14th 2023 - 10:53 UTC
Argentina planning to become a major world exporter of natural gas

Argentina’s government is focusing on stepping up exports of natural gas as production rises in the Vaca Muerta shale gas deposit, with the first goal to halt gas imports by 2024 or 2025 except at times of high winter demand, Energy Secretary Flavia Royon announced
Friday, September 8th 2023 - 10:40 UTC
Argentine President assures Chile a natural gas supply through 2024

Argentine President Alberto Fernández Thursday said his country would guarantee the supply of natural gas to neighboring Chile until Dec. 31, 2024, it was reported in Buenos Aires. With Bolivia's production declining, South America is looking to Vaca Muerta as a possible source, it was also explained. Between January and July, Argentina sold Chile US$ 556 million worth of natural gas, an 86.8% growth from the same period last year.
Tuesday, September 5th 2023 - 10:30 UTC
Populist Bolivia running out of natural gas reserves; northern Argentina supply also threatened

Bolivian president Luis Arce, announced on September 1st. that the country’s natural gas reserves have been depleted, and exports to Argentina and Brazil will be interrupted, leaving a massive hole in the economy of the country.
Monday, September 4th 2023 - 11:08 UTC
Posco pledges US$ 1.7 bn investment in Argentina

Argentine Foreign Minister Santiago Cafiero signed an agreement in Seoul with steel company Posco, whereby the South Korean company will invest US$ 1.7 billion for the production of lithium carbonate in the provinces of Salta and Catamarca.