Energy & Oil

Thursday, December 18th 2025 - 08:11 UTC
Bolivian President ends fuel subsidies, raises minimum wage

Bolivian President Rodrigo Paz Pereira has announced a drastic economic overhaul, declaring a state of “economic, financial, energetic, and social emergency,” which includes ending fuel subsidies that have been in place for over 20 years and implementing a significant increase in the minimum wage to offset the resulting inflation.
Wednesday, December 17th 2025 - 21:23 UTC
Venezuela's PDVSA vows to continue global oil exports

Venezuela’s state-owned oil company PDVSA declared Wednesday that its export operations remain fully functional, signaling a defiant stance against a newly announced naval blockade by US President Donald Trump.
Wednesday, December 17th 2025 - 11:18 UTC
Trump orders total blockade of Venezuela's tankers

US President Donald Trump ordered on Tuesday a “total and complete” naval blockade of all sanctioned oil tankers traveling to and from Venezuela, marking the most aggressive move against Caracas' energy sector to date. The announcement came after the recent seizure of a sanctioned vessel.
Friday, December 12th 2025 - 10:50 UTC
Argentina rejects UK and Israeli oil plans for Malvinas

Argentina's Foreign Ministry on Thursday issued a vigorous rejection of a reported “Final Investment Decision” by British company Rockhopper Exploration Plc and Israel's Navitas Petroleum Development and Production Limited regarding the “Sea Lion” oil field in the North Falkland Basin.
Thursday, December 11th 2025 - 10:28 UTC
FIG Notes Final Investment Decisions for Sea Lion Development Program

The Falkland Islands Government notes that Navitas Petroleum Development and Production Ltd and Rockhopper Exploration Plc have taken their Final Investment Decisions to invest in the Development Program for the Northern Area of the Sea Lion Field.
Thursday, December 11th 2025 - 10:24 UTC
First step for “Falkland Islands as an oil and gas producing region,” BOR Petroleum

Borders & Southern Petroleum plc (AIM:BOR) said that the Navitas/Rockhopper on its final investment decision (FID) for the Sea Lion development project represents the first step toward establishing the Falkland Islands as an oil and gas producing region.
Thursday, December 11th 2025 - 10:11 UTC
US seizes oil tanker off Venezuelan shores

The United States seized a large oil tanker in international waters off the coast of Venezuela on Wednesday in a high-stakes maritime operation, marking a significant escalation in the pressure campaign against the Bolivarian regime of Nicolás Maduro.
Monday, December 8th 2025 - 09:39 UTC
Uruguay buying Argentine gas to supply electricity plant

Uruguay's state-owned electric company, UTE, has formalized an agreement with Gasoducto Cruz del Sur to supply natural gas from Argentina, thereby significantly reducing generation costs.
Monday, December 8th 2025 - 09:02 UTC
Falklands’ oil development, Navitas has contracted a floating production vessel, UK media

The UK media is reporting that Navitas, the lead operator of the Falkland Islands Sea Lion field, has told investors it has signed contracts to move the Aoka Mizu floating production vessel from Shetland to the South Atlantic and plans a formal “final investment decision” this month.
Friday, December 5th 2025 - 09:14 UTC
Chile's ENAP to get oil supply from Vaca Muerta through Trans-Andean pipeline

Chile's State-owned oil company, Empresa Nacional del Petróleo (Enap), has finalized a colossal import deal worth US$12 billion with major Argentine energy producers, securing a critical long-term supply from the Vaca Muerta unconventional field.