Energy & Oil

Wednesday, October 10th 2018 - 17:04 UTC
Oil Price Rally Boosts Electric Car Sales

Tesla's competition is about to get more crowded next year with many legacy automakers and luxury brands launching a record number of battery electric vehicles and plug-in hybrids.
Saturday, October 6th 2018 - 09:10 UTC
Peso devaluation to affect Argentine households retroactively

Argentina's government Friday allowed home gas suppliers to charge extra as of January 2019 to make up for the recent devaluation of the peso against the US dollar.
Friday, October 5th 2018 - 06:41 UTC
Falklands' offshore license relinquished by Noble Energy and Edison

Oil companies Noble Energy and Edison have decided to relinquish their stakes in the PL001 offshore license in the Falkland Islands according to Offshore Energy Today. Argos Resources had held a 100% in the PL001 block before the two companies’ farm-in back in 2015. Argos’ shares fell 30% following the announcement.
Friday, October 5th 2018 - 03:22 UTC
Emir of Qatar in Bs.Aires to meet with Macri over Vaca Muerta

The emir of Qatar, Sheikh Tamim Bin Hamad Al Thani, arrived Thursday evening in Argentina to meet with President Mauricio Macri on Friday to discuss oil investments in Vaca Muerta and other bilateral issues.
Thursday, October 4th 2018 - 18:16 UTC
Argentina makes solar heaters available in 25 zero-interest payments

As a part of Argentina's Energy Saving Program, the Banco de la Nacion Argentina announced a plan of 25 zero-interest payments to purchase solar water heaters through specific participating credit cards for home use.
Thursday, October 4th 2018 - 07:20 UTC
Four FPSO planned for the Falklands by 2025, according to oil industry reports

The latest report from Global Data, FPSO Industry Outlook, suggests that a total of 74 planned and announced floating production, storage, and offloading units (FPSOs) are expected to start operations globally by 2025. Globally, South America leads with 32 planned and announced FPSO additions by 2025, including four in the Falkland Islands, followed by Africa and Europe with 17 and seven FPSOs, respectively.
Thursday, October 4th 2018 - 07:04 UTC
Oil hits new high ahead of US sanctions on Iran supply, and despite Russia and Saudi higher production

Brent crude rose nearly 2% after hitting a four-year high on Wednesday as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year’s largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.
Wednesday, October 3rd 2018 - 08:17 UTC
Canada's largest private sector project: US$ 32bn LNG export terminal

A major US$ 31.9bn liquefied natural gas (LNG) project in Canada has received the go-ahead from its partners. The project is a joint venture between Royal Dutch Shell, Malaysia's Petronas, PetroChina, Korea Gas Corporation, and Japan's Mitsubishi Corporation. It is the single largest private sector investment project in Canada's history.
Friday, September 28th 2018 - 08:47 UTC
Oil majors to bid for Brazil's offshore potential despite electoral uncertainty

Oil majors are set to gather in Rio de Janeiro this Friday to unveil bids for stakes in Brazil’s high potential offshore areas ahead of elections that are casting a cloud of uncertainty over the industry.
Friday, September 28th 2018 - 08:17 UTC
Petrobras gradually moving out of lawsuits stemming from major corruption scheme

Petrobras, Brazil's state oil company, has agreed to pay more than US$ 853m to the United States and Brazil, ending a long-running corruption investigation. The probe stemmed from a bribery scheme at the firm, which involved millions in payments that were concealed from investors and regulators.