Energy & Oil

• Tuesday, May 8th 2018 - 08:14 UTC

  Oil rises to US$ 70 a barrel, ahead of Trump's Tuesday decision on sanctions to Iran

  

  Oil prices rose for the fourth straight day on Monday to hit levels not seen since late 2014, boosted by the latest trouble for Venezuelan oil company PDVSA and the possibility that the United States could re-impose sanctions on Iran.

• Saturday, May 5th 2018 - 09:15 UTC

  When Will Electric Cars Take Over The Roads?

  

  The age of the electric vehicle (EV) will be here sooner than you think.

• Wednesday, May 2nd 2018 - 08:31 UTC

  Petrobras increases offshore production: plans an extra million bpd output next year

  

  Brazil’s state-controlled Petrobras expects oil production to start by the end of June at its Tartaruga Verde e Mestica offshore platform, the second of seven facilities planned to be installed this year, a company executive said on Monday.

• Monday, April 30th 2018 - 08:11 UTC

  UK crackdown on money laundering: SLPs channeled US$ 80bn out of Russia

  

  The UK Government is to launch a new crackdown on money laundering amid warnings that a century old business scheme designed to help Scottish farmers is being exploited by foreign criminals. Scottish limited partnerships (SLPs) were first created in 1907 for farm holdings, but ministers say their legal structure makes them attractive money laundering vehicles for international crime groups.

• Saturday, April 28th 2018 - 11:10 UTC

  US oil company wins arbitration and Venezuela's PDVSA must pay US$ 2.04bn

  

  An international arbitration court has ordered Venezuela’s oil company PDVSA to pay ConocoPhillips US$ 2.04 billion for early dissolution of two joint ventures for producing oil in the OPEC-member country, the U.S. firm said.

• Wednesday, April 25th 2018 - 08:59 UTC

  Brazilian company buys Shell downstream assets in Argentina

  

  Brazil’s Raizen Combustiveis SA agreed to buy downstream assets in Argentina from Royal Dutch Shell for US$ 950 million, according to a securities filing on Tuesday. Raízen Combustiveis, a joint venture between Brazil´s Cosan SA Indústria e Comércio and Shell, will have a 20% market share in fuel distribution in Argentina.

• Tuesday, April 24th 2018 - 08:42 UTC

  Brazil poised for historic oil boom

  

  By Mathew Smith<br />
  <br />
  After being caught up in major corruption scandals and suffering from what some have claimed was its worst economic downturn in 100-years, Brazil has pulled itself back from the brink. The economy commenced growing again in 2017 with gross domestic product (GDP) expanding by 1 percent and 2018 GDP growth forecast by the International Monetary Fund (IMF) to be 2.3%.

• Thursday, April 19th 2018 - 08:12 UTC

  Drilling near the mouth of the Amazon banned by Brazil's environmental regulator

  

  The public prosecutor’s office in the northern state of Amapá recommended on Wednesday that Brazil’s environmental regulator Ibama deny French major Total a license to drill for oil near the mouth of the Amazon.

• Thursday, April 12th 2018 - 07:57 UTC

  Icebreaker Irizar returns from its first Antarctica campaign in ten years

  

  Argentina's icebreaker Almirante Irizar is back in Buenos Aires at the end of its first Antarctic campaign in ten years, following the fire that almost knocked the Finnish built vessel out of action. She left on 26 December and completed 107 days in the high seas and Antarctica's ice.

• Tuesday, April 10th 2018 - 08:55 UTC

  Temer names trusted official a Mines and Energy minister, ahead of decisive privatizations

  

  Brazil’s President Michel Temer named Wellington Moreira Franco to take over the Mines and Energy Ministry, a key portfolio that includes overseeing the proposed privatization of Centrais Eletricas Brasileiras SA (Eletrobras).