Energy & Oil

Monday, August 31st 2026 - 08:47 UTC
Falklands’ oil industry, Rockhopper plans equity raise for second FPSO

Rockhopper Exploration is planning an equity capital raising to fund its share of a second FPSO, (OSX-1), for the Sea Lion oil field development in the Falkland Islands, since operator Navitas Petroleum exercised its option to acquire the vessel for some US$ 125 million with the purpose of further adding production to 125.000 barrels of oil per day.
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Monday, August 31st 2026 - 08:40 UTC
British Embassy in Santiago contributes to advance offshore wind development in Chile

The British Embassy in Santiago earlier this month organized an event which brought together government authorities, industry representatives and academia to discuss key findings of the reports and explore next steps for the development of offshore wind development in Chile.
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Saturday, August 29th 2026 - 04:58 UTC
The US will control 55% of output from the new oil company in Venezuela

US President Donald Trump announced on Friday an agreement with Venezuela's interim government granting Washington majority control over more than 65 billion barrels of proven Venezuelan crude reserves, around 21% of the country's total. Acting president Delcy Rodríguez confirmed the deal.
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Friday, August 28th 2026 - 14:15 UTC
Washington negotiates stakes in Venezuelan oil fields with leases of up to a century

The United States government is negotiating with Venezuela's interim administration to acquire stakes in a group of the South American country's oil fields, under arrangements that would include leases of up to a hundred years, the outlets Axios and Bloomberg reported on Thursday citing unnamed senior US officials.
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Wednesday, August 26th 2026 - 08:00 UTC
Bolivia deploys troops against blockades over a decree its own government wants repealed

Bolivia's government deployed military and police units on Tuesday in the municipality of Yapacaní, in Santa Cruz department, ahead of announced road blockades called by farming organisations against the decree that raised the price of diesel for large consumers. Hours later, the deputy interior minister acknowledged that the same measure must be annulled.
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Friday, August 21st 2026 - 10:47 UTC
ECLAC trims its 2026 forecast for Latin America and the Caribbean to 2.2%

The Economic Commission for Latin America and the Caribbean on Thursday lowered its regional growth projection for 2026 to 2.2%, one tenth below the estimate issued in December. The United Nations body expects a partial recovery to 2.5% in 2027 and warns that the current pace is insufficient to sustainably raise income per capita.
Friday, August 21st 2026 - 08:17 UTC
BP, Shell and Gulf partners return to Venezuelan gas on the Trinidad and Tobago border

Venezuela's government has concluded a series of agreements with international oil companies in recent weeks to develop its offshore gas fields, marking a shift from the years of isolation and sanctions that have defined the sector.
Wednesday, August 19th 2026 - 21:50 UTC
A critical report says Argentina's investment regime concentrated capital in mining and oil

Argentina's Large Investment Incentive Regime (RIGI), created in 2024, “consolidated a strongly extractive profile and did not stimulate new sectors,” according to a report released on Wednesday by the RIGI Observatory, a coalition of civil society organisations and academic centres that examines the scheme from a critical standpoint.
Tuesday, August 18th 2026 - 06:56 UTC
Petrobras confirms oil off the Amapá coast but cannot yet estimate the volume

Brazil's state-controlled Petrobras confirmed on Monday the presence of oil in the Morpho exploratory well, located in ultra-deep waters off the northern state of Amapá, in the Foz do Amazonas basin. The company cautioned that it cannot yet estimate the volume found or the viability of commercial production.
Thursday, August 13th 2026 - 22:46 UTC
Argentina's largest investment project aims to export Vaca Muerta gas

Argentina's majority state-owned oil company YPF confirmed on Thursday that it has filed an application for the Argentina LNG project to join the Large Investment Incentive Regime (RIGI). The venture, developed alongside Italy's Eni and the Emirati company XRG, contemplates an estimated outlay of 51 billion dollars over its full life, the largest figure submitted so far under the scheme.