Energy & Oil

Monday, April 1st 2019 - 08:20 UTC
Venezuela collapses: no power, water or internet; Schools suspended, workday limited to 02:00 PM

Venezuela’s President Nicolas Maduro announced 30 days of electricity rationing on Sunday, after his government said it was reducing the length of the workday and keeping schools closed due to devastating blackouts plaguing the country.
Sunday, March 31st 2019 - 17:07 UTC
Venezuela suffers the fifth mass blackout of the month

A new massive blackout was recorded this weekend in Venezuela after a nationwide interruption of electricity service this Friday, which was slowly restored in main cities as Caracas. However, a new relapse of the supply occurred on Saturday night, affecting 16 states of the country - more than half.
Saturday, March 30th 2019 - 08:15 UTC
Argentina election year: Macri increases spending on energy subsidies

Argentina will increase spending on energy subsidies by more than US$ 100 million this year to compensate gas companies hit by delayed domestic price increases, a source at the nation's energy secretariat said.
Thursday, March 28th 2019 - 09:01 UTC
Venezuela has ceased to supply power to a Brazilian northern state

Brazil Mines and Energy Minister Bento Albuquerque said that Venezuela had not complied with its contract to supply the northern state of Roraima with energy since March 7. Roraima is a neighbor of Venezuela and an international bridge has become an escape way for thousands of Venezuelans fleeing from the Nicola Maduro regime and the lack of food and medicines.
Wednesday, March 27th 2019 - 07:01 UTC
Venezuelan workers sent home and schools closed because of the blackout

Venezuela's government told workers and school children to stay home on Tuesday as the second major blackout this month left the streets of Caracas mostly empty and residents wondering how long power would be out amid a deepening economic crisis.
Tuesday, March 26th 2019 - 08:48 UTC
Another blackout in Venezuela: government blames “attack” on the power system

 Venezuela blamed an “attack” on its electric system for a blackout on Monday, the second to hit the OPEC nation this month, that shuttered businesses, plunged the main airport into darkness and left commuters stranded in the capital. Power went out in much of Caracas and nearly a dozen states in the early afternoon, stirring memories of a week-long outage earlier in the month that was the most severe in the country's history.
Saturday, March 23rd 2019 - 09:02 UTC
Petrobras reviewing a deal with China's CNPC to build an oil refinery

Brazil's Petrobras is re-evaluating a preliminary deal with China National Petroleum Corporation (CNPC) to build an oil refinery in the state of Rio de Janeiro, Brazilian economic newspaper Valor Economico reported on Thursday, citing a source from Petrobras’ management.
Thursday, March 21st 2019 - 14:41 UTC
Brazil: Former President Michel Temer is arrested

Former Brazilian President Michel Temer was arrested on Thursday on corruption charges, a dramatic development in a sprawling corruption probe that has roiled Brazil has showed no sign of slowing.
Wednesday, March 20th 2019 - 09:14 UTC
Brazil: convoy with nuclear fuel came under fire; police escort repel attack

Armed men shot at members of a convoy transporting uranium to one of Brazil’s two working nuclear power plants on a coastal road in Rio de Janeiro state on Tuesday, police and the company managing the plant said.
Tuesday, March 19th 2019 - 08:17 UTC
 Brazil's Vale iron ore miner ordered to suspend operations in two more dams

Brazilian court has ordered Vale SA, the world's largest iron ore miner, to suspend operations at two more dams, demanding that it prove the structures are stable. The court decision dated Friday is the latest in a series of orders forcing Vale to halt operations at various dams that contain the muddy detritus of mining operations after one such barrier collapsed in January, killing some 300 people.