Energy & Oil

• Friday, December 2nd 2022 - 10:36 UTC

  Much prospective activity in the South Falkland Basin Darwin gas discovery

  

  Borders & Southern Petroleum PLC, the independent oil and gas explorer focused offshore the Falkland Islands is raising £2.5 million to advance studies in its wholly-owned Darwin Gas Condensate discovery.

• Thursday, December 1st 2022 - 18:52 UTC

  Petrobras will need to adjust policies to Lula's goals

  

  Brazil's President-elect Luiz Inácio Lula Da Silva will make adjustments to the country's state-run oil company Petrobras once he takes office on Jan. 1, it was reported Thursday.

• Thursday, December 1st 2022 - 10:32 UTC

  Rockhopper Exploration South Falkland Basin licenses extended for two years

  

  Rockhopper Exploration oil and gas company which last year agreed to jointly develop the Sea Lion project at the North Falkland Basin with Israel's Navitas as leading financer and operator, announced that following discussions, the Falkland Islands Government had agreed to extend the company's licenses at the South Falkland Basin.

• Wednesday, November 30th 2022 - 09:59 UTC

  Deepwater oil and gas production, the fastest growing segment of the industry

  

  Deepwater hydrocarbon production remains the fastest-growing upstream oil and gas segment with output expected to hit 10.4 million boe/d this year from just 300,000 barrels of oil equivalent per day (boe/d) in 1990.

• Tuesday, November 29th 2022 - 10:19 UTC

  BP awarded contract by Guyana to market its share of oil from two platforms

  

  UK's British Petroleum has been awarded a contract to market Guyana's share of oil produced at the Liza Destiny and Liza Unity platforms, reports Oilprice. With 11 billion barrels found to date, Guyana is home to one of the largest oil discoveries over the last decade.

• Monday, November 28th 2022 - 21:49 UTC

  Caps on fuel prices announced to curb Argentina's inflation

  

  Argentina's Superminister of Economy, Industry and Agriculture Sergio Massa reached an agreement with oil companies whereby fuel joins the list of care-for prices. Hence, the price at pumps may not go up above a 4% monthly ceiling until March, it was announced in Buenos Aires.

• Monday, November 28th 2022 - 21:48 UTC

  Price of fuel in Paraguay keeps falling

  

  The price of fuel at pumps in Paraguay has gone down twice in November of 2022 after a ₲ 100 (US$ 0,014) reduction per liter was announced over the weekend.

• Friday, November 25th 2022 - 08:11 UTC

  Energy agreement between Argentina and Brazil extended

  

  Argentina and Brazil agreed to extend the current Memorandum of Energy Exchange until 2025, it was reported Thursday. The document, which provides for the exchange of electric power and natural gas between both countries, was about to expire. As per its new wording, the agreement is to be automatically renewed every four years.

• Tuesday, November 22nd 2022 - 20:50 UTC

  Uruguay confident in EU-sponsored sustainable energy matrix program

  

  Uruguay's Industry Minister Omar Paganini highlighted the AL-Invest Verde program for its ambitiousness regarding sustainable development which will position the South American country as a regional innovation hub.

• Monday, November 21st 2022 - 09:05 UTC

  Mar del Plata union requests lifting of measures banning offshore oil drilling

  

  The Mar del Plata branch of Argentina's General Labor Confederation Union sent a note to the Courts requesting all precautionary measures stopping offshore oil exploration be lifted so that the companies can start working in the North Argentina Basin.