Energy & Oil

Sunday, April 8th 2018 - 21:16 UTC
What does the new Falklands ‘Islands Plan’ mean for South America?

Over the past decade it is has become customary for a newly elected Legislative Assembly in the Falkland Islands to publish an ‘Islands Plan’. As there are no political parties in the Falkland Islands, all eight members of the Assembly are independents. Therefore there is no collective manifesto when elected to office. This has traditionally been addressed via a consensus-based Islands Plan.
Friday, April 6th 2018 - 09:31 UTC
Chile and Argentina open offshore project, east of Magellan Strait to increase gas and oil production

The state-run energy firms of Chile and Argentina said on Wednesday they had inaugurated a US$ 354 million project to increase production of natural gas off the southern tip of South America.
Thursday, April 5th 2018 - 09:29 UTC
Falklands included in Italy's Edison divesting of its oil and gas unit

Italian energy group Edison, part of French utility EDF, is preparing the sale of its oil and gas unit, the latest power producer to abandon fossil fuels to focus on its retail business, four industry sources said, and quoted by Reuters. Its oil and gas unit includes interests in the Falkland Islands.
Wednesday, April 4th 2018 - 08:42 UTC
Brazil extends oil and gas surveying in southern Campos and Santos Basins

Geoscience data for oil and gas exploration and production company, TGS said it has obtained the Brazil Southern Basins SeaSeep project in the Campos and Santos Basins, offshore Brazil.
Tuesday, April 3rd 2018 - 18:56 UTC
The Kirchners' most trusted official caught in the Odebrecht corruption web

An Argentine judge has charged ex president Cristina Fernandez de Kirchner former planning minister in a case involving Brazilian company Odebrecht. Argentina's official Judicial Information Center says that Julio De Vido was charged Tuesday with carrying out incompatible deals while in public office.
Monday, April 2nd 2018 - 08:50 UTC
China preparing to begin paying for imported oil with the Yuan

China is taking its first steps towards paying for imported crude oil in Yuan instead of the U.S. dollar, according to Reuters, a key development in Beijing's efforts to establish its currency internationally.
Tuesday, March 27th 2018 - 09:42 UTC
The World's Biggest Investors Have Lost $436 Billion In 2018

Wall Street is shocked, but it shouldn't be: Tariffs targeting China should have been a given, and now the market's tanking on trade war fears as if it just crept up on everyone, but Trump's been very clear on this.
Friday, March 23rd 2018 - 14:00 UTC
Heatwaves, hurricanes, floods: 2017 costliest year ever for extreme weather and climate events, says UN

Hurricanes, monsoon floods and continuing severe drought made 2017 the costliest year ever for severe weather and climate events, according to a new report by the United Nations weather agency launched on the eve of World Meteorological Day.
Tuesday, March 20th 2018 - 10:02 UTC
Norwegian company in Brazil apologizes for toxic spill into a local river

Norwegian energy group Norsk Hydro, accused of causing environmental damage in northern Brazil, on Monday apologized for the unauthorized discharge of untreated water into a local river from its aluminum factory Alunorte, the largest in the world.
Friday, March 16th 2018 - 10:24 UTC
Argentina gradually organizing natural gas production and consumption priorities

Argentina plans to increase natural gas exports to Chile, helping to encourage production growth in the giant Vaca Muerta shale play, while importing supplies from that country to meet peak demand, Energy Minister Juan Jose Aranguren said on Thursday.