Energy & Oil

• Friday, July 25th 2025 - 20:13 UTC

  Petro orders all Colombian coal exports to Israel halted

  

  Colombian President Gustavo Petro has ordered the National Navy to intercept and stop any ships carrying coal bound for Israel in response to what he considers to be a genocide in Gaza. Coal exports to Israel had been banned by decree in August 2024, except for pre-existing contracts. However, some government officials apparently disregarded that order.

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• Friday, July 25th 2025 - 10:03 UTC

  Chevron cleared to resume Venezuelan operations

  

  President Nicolás Maduro confirmed on Thursday that US oil company Chevron has been authorized to fully resume its operations in Venezuela after months of suspension due to Washington's sanctions.

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• Monday, July 21st 2025 - 09:39 UTC

  Falklands, Public Meeting on Social and Economic Impacts of hydrocarbons project

  

  The Falkland Islands Government (FIG) and Navitas will hold a public meeting to present the findings from social and economic impact assessments of the proposed Sea Lion hydrocarbons project.

• Wednesday, July 16th 2025 - 09:34 UTC

  Argentina granted a stay by NY court in YPF case

  

  The Second Circuit Court of Appeals in New York Tuesday granted Argentina a temporary administrative stay on a ruling that ordered the country to hand over 51% of its shares in the state oil company YPF to various plaintiff funds.

• Monday, July 14th 2025 - 19:11 UTC

  Judge Preska insists Argentina must pay for YPF expropriation

  

  Judge Loretta Preska of the Southern District of New York Monday upheld her 2023 ruling against Argentina, rejecting the Libertarian Government's request to suspend the transfer of 51% of YPF shares to vulture funds Burford Capital and Eton Park Capital Management. This decision mandates the handover of shares valued at US$16.1 billion and is believed to represent a significant blow to the South American country, potentially leading to the loss of control over its national oil company.

• Monday, July 14th 2025 - 06:54 UTC

  OPEC bans media outlets accused of advocating transition to “a net-zero economy”

  

  The Oil-price outlet is reporting that OPEC has refused accreditation for Reuters, Bloomberg, the New York Times, the Financial Times, and the Wall Street Journal for its meeting in Vienna, which is taking place this week.

• Tuesday, July 8th 2025 - 06:46 UTC

  Rockhopper expects €31m from an arbitration dispute with Italian government

  

  AIM Oil and gas exploration company Rockhopper Exploration said it was confident it would receive a €31m (£26.8m) insurance payment in a long-running dispute linked to restrictions on its operations off the coast of Italy.

• Friday, July 4th 2025 - 10:16 UTC

  Falklands to launch, Environment Trust for carbon reduction and land recovery projects

  

  The Falkland Islands Executive Council has approved the establishment of an Environment Trust to deliver carbon reduction, biodiversity and land recovery projects in the Falkland Islands.

• Tuesday, July 1st 2025 - 10:55 UTC

  US judge rules against Argentina in YPF restatization case

  

  Judge Loretta Preska of the Southern District Court of New York ordered Argentina to transfer 51% of YPF shares to an escrow account to settle a US$16.1 billion judgment in favor of Burford Capital and Eton Capital, stemming from the 2012 expropriation of the oil company. The ruling, which Argentina may appeal, surprised the government, as even the US Department of Justice opposed it. The decision led to a sharp decline in YPF shares (1.4% on Wall Street, 3% locally) and a 2% drop in the Merval index.

• Friday, June 27th 2025 - 10:12 UTC

  BRICS scientists want climate network created

  

  A forum of Academies of Science of the BRICS bloc in Rio de Janeiro issued a declaration this week proposing the creation of a network of member countries to implement climate solutions, focusing on energy transition technologies and the development of joint artificial intelligence programs.