Energy & Oil

Friday, May 3rd 2019 - 09:55 UTC
“Falklands must be proud of their healthy and vibrant democracy”, says BFSAI commander

Penguin News caught up with the Commander of British Forces for the South Atlantic Islands, Brigadier Nick Sawyer stationed in the Falkland Islands.
Friday, May 3rd 2019 - 09:14 UTC
Chevron completes purchase of controversial Petrobras refinery in Houston

Chevron Corp completed a US$ 350 million purchase of a refinery in the Houston suburb of Pasadena, Texas, from Brazil’s Petrobras, Chevron said in a statement. The sale was agreed to in January, but Chevron put the transfer of the 112,229-barrel-per-day plant’s ownership on hold on April 2, telling Petrobras it had to prove the refinery would operate as promised.
Monday, April 29th 2019 - 08:56 UTC
Argentine mining investments expected to reach US$ 29 billion this year

The Argentine Chamber of Mining Entrepreneurs issued a report this week stating that it expects mining industry investments to reach US$ 29 billion and employ about 80,000 people in 2019.
Saturday, April 27th 2019 - 09:38 UTC
Petrobras details divestment list including refineries; Bolsonaro open to privatization of oil company says minister

Brazil's state-controlled oil company Petrobras on Friday for the first time detailed long-awaited plans to sell a series of refineries and other assets as the company focuses on its core oil and gas exploration business.
Friday, April 26th 2019 - 05:59 UTC
Guyana oil jackpot: ExxonMobil has made its 13th discovery offshore

The find was made at the Yellowtail-1 Well and represents the third discovery for this year and the fifth in the Turbot area, where ExxonMobil is evaluating its potential as an additional development hub.
Wednesday, April 24th 2019 - 09:11 UTC
Petrobras transparency: discloses fuel prices to head off a strike by independent truckers

Brazil's state-controlled Petrobras started publishing daily wholesale gasoline and diesel prices at each of the company's 37 points of sale, the latest step aimed at heading off a strike by independent truck drivers.
Tuesday, April 23rd 2019 - 09:11 UTC
Bolivia considering exporting natural gas from liquefaction terminals in Argentina

Bolivia is looking at exporting natural gas globally through liquefaction terminals to be built in Argentina, and to buy crude from its southern neighbor, Bolivian President Evo Morales said on Monday, a move that would compensate for dwindling sales of its main export to Argentina and Brazil.
Tuesday, April 23rd 2019 - 09:00 UTC
US threatens sanctions on countries that continue to purchase Iranian oil: crude hits six month highs

The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, a move to choke off Tehran's oil revenues which sent crude prices to six-month highs on fears of a potential supply crunch.
Saturday, April 20th 2019 - 09:26 UTC
Venezuelan opposition prepared to pay US$ 71 million bond interests to save Citgo from seizure by creditors

Venezuela's opposition-controlled National Assembly expects to vote on making a US$71 million bond interest payment when it meets next week, a lawmaker and a member of state-run oil company PDVSA's ad-hoc board of directors said.
Friday, April 19th 2019 - 09:29 UTC
Brazil to put up new pre-salt oil blocks for auction in October

Brazil will hold an offshore oil deposit auction in October featuring blocks that were the object of a long-running dispute with state energy giant Petrobras. Reuters reports, citing Economy Minister Paulo Guedes, that participants in the auction will need to cough up a signing bonus of a total US$26.9 billion for the four blocks.