Energy & Oil

Thursday, February 23rd 2023 - 09:40 UTC
Uruguay importing over 50% of its electricity

A report released Tuesday by Uruguay's Electricity Market Administration (ADME) showed that energy imported from Argentina and Brazil made up over 50% of the South American country's supply.
Wednesday, February 15th 2023 - 09:57 UTC
Europe bans sales of fossil fuel-powered cars as of 2035

The European Parliament approved the draft regulation ending the sale of new petrol- and diesel-powered vehicles by 2035, it was reported Tuesday. The measure was passed by 340 votes in favor, 279 against, and 21 abstentions.
Friday, February 3rd 2023 - 10:14 UTC
Uruguay's Ancap to lose US$ 72m during refinery maintenance

Uruguay's state-run oil company Ancap will lose US$ 72 million due to the remodeling of the La Teja Refinery to be carried out between September and December this year, during which time fuel will need to be imported, it was reported in Montevideo.
Wednesday, February 1st 2023 - 10:26 UTC
Fears Bolivia could run out of gas in a few years because of lack of investments

The Bolivian government has rejected predictions that the country will cease to be an exporter of natural gas and become a net importer by 2030. The government has said it has plans to invest some US$ 325 million in exploration and extraction in new wells by the country's hydrocarbons company, YPFB, Yacimientos Petroliferos Federales de Bolivia.
Wednesday, February 1st 2023 - 10:00 UTC
Argentine mining industry volume exports significantly lower

Mining industry exports from Argentina last year increased in value but suffered a drop in volume as a consequence of the high international prices, a report from the Economic Sectors Research, IES, indicates.
Friday, January 27th 2023 - 18:27 UTC
Federal Court of Appeals okays Mar del Plata offshore oil exploration

The Federal Court of Appeals of Mar del Plata turned down an appeal filed by Mayor Guillermo Montenegro and various environmental organizations to cancel the offshore oil exploration project involving YPF, Equinor, and Shell. The undertaking is expected to yield some US$ 20 billion in exports annually.
Friday, January 27th 2023 - 10:13 UTC
Petrobras has a new CEO; company shares drop awaiting fuels prices policy

Former Senator and energy consultant, Jean Paul Prates is Brazil's oil giant Petrobras new Chief Executive, marking a clear difference from the previous administration rapidly reflected in the Sao Paulo stock exchange where company shares dropped more than 3% on Thursday
Friday, January 27th 2023 - 10:11 UTC
UK car production falls 40.5% to pre-pandemic levels; electric cars manufacturing boom

The United Kingdom car production fell to its lowest level since 1956 in 2022 as output was hit by global shortages of semiconductor chips, figures show. A total of 775,014 cars were built in 2022, down 9.8% from the 859,575 made during the previous year, the Society of Motor Manufacturers and Traders (SMMT) said.
Friday, January 27th 2023 - 10:04 UTC
Soaring gas price helped Norway triple its hydrocarbons tax revenue

Soaring gas prices in 2022 means that the Norwegian Tax Administration will collect a record US$ 89,5 billion, triple the previous record of 2021, according to the tax revenue office. Likewise it has revised upwards petroleum revenue by 20%.
Saturday, January 21st 2023 - 10:22 UTC
UK cost of living: King Charles wants profits from his wind farm be distributed among the public

King Charles III has requested that the annual profits from his wind farm deal be directed towards helping the cost of living crisis in the UK rather than support the royal family, the Crown Estate confirmed this week.