Energy & Oil

• 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.

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• 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.

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• 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.

• Monday, June 23rd 2025 - 10:31 UTC

  Will Iran block the Strait of Hormuz?

  

  In response to the United States' attack on Saturday, the Iranian Parliament has approved closing the Strait of Hormuz. The decision, which could hinder international trade significantly, particularly that of oil, is awaiting approval from Iran's Supreme National Security Council.

• Tuesday, June 3rd 2025 - 08:14 UTC

  Paraguayan and Argentine officials discuss gas pipeline project to feed Brazil

  

  Paraguayan Ambassador Helena Concepción Felip Salazar and Asunción's Vice-Minister of Mines and Energy Mauricio Bejarano met in Buenos Aires with Argentina's Energy Secretary María Tettamanti to advance discussions on a bioceanic gas pipeline project. The talks focused on drafting a memorandum of understanding and outlining steps for gas integration between the two nations.

• Saturday, May 31st 2025 - 10:00 UTC

  Bolivian minister apologizes for delays in fuel supply

  

  Bolivia's Hydrocarbons and Energy Minister Alejandro Gallardo apologized Friday for the delays in unloading fuel from tanker ships amid unfavorable weather conditions, which will delay the arrival of the product to the landlocked country.

• Friday, May 30th 2025 - 10:24 UTC

  Unloading of fuel for Bolivia begins amid favorable weather

  

  The unloading of fuels began in three Pacific Ocean ports, with an estimated 100 million liters of gasoline and diesel expected to arrive in Bolivia by the weekend. The operation involves ports in Chile and Peru due to weather conditions, Hydrocarbons Minister Alejandro Gallardo explained. The measure seeks to address Bolivia's ongoing nationwide fuel shortage.

• Thursday, May 29th 2025 - 10:11 UTC

  Trump tells UK to get rid of unsightly windmills and open North Sea to modern drilling

  

  President Donald Trump on Truth Social has strongly criticized UK’s energy policy of pursuing renewables and further taxing North Sea oil and gas operators. In a piece published in OilPrice he suggests getting rid of “costly and unsightly windmills”.

• Thursday, May 29th 2025 - 09:46 UTC

  YPFB adds new Chilean port to boost fuel imports

  

  Bolivia’s state oil company, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), began importing diesel and gasoline through the Chilean port of Mejillones to address a months-long fuel crisis. This new route complements the port of Arica and diversifies imports from four countries, ensuring 100% of market demand is met with 70 million liters of fuel.

• Monday, May 12th 2025 - 20:37 UTC

  Lula announces sizeable Chinese investments in infrastructure

  

  Brazilian President Luiz Inácio Lula da Silva announced Monday that Chinese investors would be allocating some R$ 27 billion (US$ 4.69 billion at the current exchange rate) to infrastructure and other development in the South American country. He made those remarks during his participation in the Brazil-China Business Forum in Beijing. The investments will also cover the areas of education and technology, it was explained.