Energy & Oil

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.
Friday, March 16th 2018 - 09:41 UTC
Argentina preparing its first offshore licensing round in the South Atlantic

Argentina plans to launch its first offshore licensing round in almost three decades this year, as it seeks to widen exploration for longer-term production growth, Energy Minister Juan Jose Aranguren said on Thursday.Round One will be launched in June or July for 240,000 sq km in three zones of the continental shelf, Aranguren said on the sidelines of The Economist's Argentina Summit in Buenos Aires.
Tuesday, March 13th 2018 - 09:31 UTC
Argentine envoy in Washington to negotiate exemption of higher metal tariffs

Argentina's Commerce Secretary Miguel Braun travelled to Washington to negotiate an exemption to the higher tariffs recently placed on steel and aluminum imports by the Donald Trump administration.
Friday, March 9th 2018 - 09:41 UTC
Global shipping rules to cut sulfur pollution anticipate higher volatility in fuel markets

Global hydrocarbons companies and traders are bracing for higher volatility in fuel markets as they expect refiners to process more light crude oil in the lead-up to new rules aimed at slashing the use of dirty high-sulfur fuel oil in global shipping.