Energy & Oil

• Saturday, October 8th 2022 - 10:13 UTC

  Colombian president desists from taxing extractive industries

  

  The government of president Gustavo Petro is back stepping from one of his electoral campaign pledges, taxing extractive industries to have Colombia rapidly transit a green, environment friendly economy.

• Wednesday, October 5th 2022 - 13:30 UTC

  Guyana expected to deliver 810,000 bpd of light sweet crude by 2025

  

  The former British colony of Guyana, to the north of Brazil and on the Caribbean has emerged as one of the continent’s top oil producers and is poised to become a leading global energy exporter. Since 2015 an Exxon Mobil-led consortium has made a swathe of high-quality oil discoveries in offshore Guyana in the 6.6-million-acre Stabroek Block, with the latest announced in July 2022. It is estimated those finds have uncovered nearly 11 billion barrels of recoverable oil resources in the Stabroek Block with further oil discoveries to come.

• Saturday, October 1st 2022 - 10:50 UTC

  Rockhopper/Navitas plans to develop Falklands' Sea Lion offshore project in late 2023 or 2024

  

  Falklands upstream firm Rockhopper Exploration said a final investment decision (FID) on the Falkland Islands project Sea Lion should be taken by end-2024 the latest. Officials are working on a lower upfront cost project and seeking financing.

• Friday, September 30th 2022 - 10:02 UTC

  Price of gasoline to fall in October, diesel and cooking gas remain stable in Uruguay

  

  Uruguayan authorities ordered a reduction in the price of gasoline at pumps of UY$ 3 (US$ 0.073) per liter effective Oct. 1 while diesel and cooking gas will remain unchanged, it was announced in Montevideo.

• Friday, September 30th 2022 - 09:56 UTC

  Argentina launches Sustainable Transportation Plan

  

  The Government of Argentina Thursday launched the National Sustainable Transportation Plan aimed at achieving 2030 goals regarding energy transition for passenger, cargo, and private vehicles.

• Thursday, September 29th 2022 - 10:04 UTC

  Brazil: drop in price of jet fuel announced

  

  Brazil's state-run oil company Petrobras Wednesday announced a 0.84% reduction in the sales prices for distributors of jet fuel starting Saturday. It is the third consecutive drop following a 10.4% one earlier this month after August's 2.6%.

• Wednesday, September 28th 2022 - 17:50 UTC

  Moscow claims Biden behind gas pipeline emergencies in Europe

  

  Russian Foreign Ministry Spokeswoman Maria Zakharova said US President Joseph Biden should account for his country's possible involvement in separate gas pipeline emergencies reported between Sept. 25 and 26.

• Friday, September 23rd 2022 - 10:10 UTC

  England announces pause in “fracking moratorium” to bolster energy security

  

  The UK government on Thursday lifted England's moratorium on the fracking process to extract oil and gas, saying the move aims to shore up energy security as Russia cuts gas deliveries amid tensions over its invasion of Ukraine and the intensification of the war.

• Thursday, September 22nd 2022 - 09:35 UTC

  Germany to nationalize gas giants to secure energy supplies and war in Ukraine

  

  Germany is to nationalize gas giant Uniper to secure energy supplies amid the war in Ukraine. The deal will see the German government take on a 98.5% stake in the firm at a cost of €8.5bn (£7.4bn).

• Tuesday, September 20th 2022 - 10:19 UTC

  Iran trying to recover the Chinese oil market share which Russia has taken over

  

  Iran is reportedly gearing up to slash the price of its sanctioned crude oil stored offshore Singapore, in an attempt to recover the China market from Russia, reports The Straits Times quoting local industry sources.