Energy & Oil

• Monday, December 29th 2014 - 08:33 UTC

  FIG approves Code of Practice for Procurement by Oil & Gas Companies

  

  Its acceptance is voluntary at this stage. It provides for formation of Local Content Board, among other steps towards maximising local benefits and opportunities.

• Monday, December 29th 2014 - 07:57 UTC

  YPFB-Andina awarded exploration rights in Santa Cruz areas

  

  Bolivia's export 6.3 % higher than despite drop in gas volumes. Economic growth, foreign investment continue

• Friday, December 26th 2014 - 07:43 UTC

  Bolivian Oil Company CEO on sick leave, has cancer

  

  President Evo Morales to coordinate operations with company executive in the meantime. Vice President Garcia Linera makes the announcement regarding 'Comrade' Villegas

• Friday, December 26th 2014 - 06:17 UTC

  Exceptional year 2014 for Argentina's YPF

  

  The CEO of the state-owned oil company YPF Miguel Galuccio has assured that 2014 “was an exceptional year” in terms of growth and investment. He pointed out that every goal for the year had been achieved.

• Friday, December 26th 2014 - 00:59 UTC

  Uruguay's Economy Minister skeptical on ARU study

  

  Consumers could have saved as much as US$ 167 million had fuel been imported directly instead of oil being refined by ANCAP. Mario Bergara deems it to be “overblown”

• Monday, December 22nd 2014 - 08:48 UTC

  Oil price may slump to US$ 20... or then again maybe not

  

  Market analysts describes two possible international scenarios. Whichever one prevails will be decisive. But it is not happenning soon.

• Saturday, December 20th 2014 - 06:33 UTC

  Power cuts hit Buenos Aires as temperature rises

  

  Sweltering heat props up use of air conditioning. 'Specific failures' along the distribution line spark street, social media protests

• Thursday, December 18th 2014 - 21:00 UTC

  Brazil's trade balance to benefit from oil price drop

  

  Central Bank President Alexandre Tombini sees the bright side of the international trend that is causing many others a headache, because the country is a net petroleum importer.

• Thursday, December 18th 2014 - 18:12 UTC

  Oil price tumbles after OPEC releases 2015 forecast

  

  The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC's latest forecast. And that's just one of several sour estimates.

• Wednesday, December 17th 2014 - 12:59 UTC

  Uruguay receives IDB credit to boost investment in renewable energies

  

  As part of Uruguay long term plan to promote investment in infrastructure and finance investment in electric power plants using renewable energy resources, essentially wind and solar so as to diversify the country energy mix and cut CO2 emissions, the country will be receiving a 250 million dollar credit line from the Inter American Development Bank, IDB.