Energy & Oil

• Monday, August 29th 2022 - 19:32 UTC

  YPF announces mega port on Rio Negro's Atlantic shores

  

  Argentina's state-run oil company YPF announced a mega port will be built in Río Negro to export oil from the Atlantic shore.

• Monday, August 29th 2022 - 10:38 UTC

  Lithium exports gain pace in Argentina

  

  According to the latest report from Argentina's National Mining Secretariat, lithium is not far from taking over as the leading mining industry item, whereas gold and silver continue to lead.

• Friday, August 26th 2022 - 10:19 UTC

  Russia replacing Brazil as one of China's main oil suppliers

  

  Russia has become China's main oil supplier for the third month running during July, according to information from Hong Kong market analysts. Apparently independent refiners stepped up purchases of discounted supplies while cutting shipments from rival suppliers such as Angola and Brazil.

• Friday, August 26th 2022 - 10:15 UTC

  Fears of civil unrest in UK as people are unable to afford heating and power bills this winter

  

  United Kingdom energy executives have warned the country faces the prospect of mass civil unrest as a result of people being unable to afford their heating and electricity bills this coming winter.

• Thursday, August 25th 2022 - 10:03 UTC

  Rockhopper could net £210m compensation from Italian government because of offshore drilling ban

  

  A corporate tribunal has ordered the Italian government to pay more than £210m to the UK/Falklands oil company Rockhopper as compensation for an offshore oil drilling ban. Rockhopper’s case was launched after the Italian government banned oil exploration and production within a 12 mile-limit off Italy’s coast in 2015, scotching the company’s planned Ombrina Mare oilfield.

• Thursday, August 25th 2022 - 09:42 UTC

  State-run companies sign deal to seek lithium in Argentine province of Catamarca

  

  An agreement between YPF and CAMYEN for lithium exploration in the province of Catamarca was signed Wednesday. The joint undertaking has been described as the first of its kind.

• Monday, August 22nd 2022 - 17:32 UTC

  Fuel goes up at pumps in Argentina, but below inflation

  

  Argentina's state-run oil company increased the price of fuel at pumps by 7.5% on average Sunday but it remained well below figures in neighboring cities abroad. The accumulated devaluation since the last naphtha adjustment is 16%.

• Saturday, August 20th 2022 - 09:37 UTC

  Uruguay's Ancap profitable despite adjusting prices below import parity

  

  Uruguay's state-run oil company Ancap yielded profits of US$128 million for the first semester of 2022 despite adjusting prices below the import parity price (IPP), it was announced Friday in Montevideo.

• Thursday, August 18th 2022 - 09:35 UTC

  Falkland Islands announces limited power cut and water disruption

  

  Upcoming power cut. The Power & Electrical Section would like to inform the public that there will be a power cut on Thursday 18 August from 3:15 pm to 4:15 pm, the following areas will be affected:

• Monday, August 15th 2022 - 09:50 UTC

  Russia almost doubles exports' value to Brazil in first half of 2022: mainly fertilizers and fuel

  

  Russia almost doubled the value of its exports to Brazil in the first half of this year and has climbed to fifth supplier of Latin America's largest economy. This despite the trade, financial and diplomatic sanctions imposed on Russia by the United States, the European Union and the United Kingdom following its invasion of Ukraine.