Energy & Oil

Thursday, November 25th 2021 - 09:33 UTC
Russian company finds oil off the coast of Tabasco in Mexico

Russia's Lukoil oil company Wednesday announced the finding of an oil reserve off the coast of Tabasco in Mexico believed to be worth 250 million barrels of crude. ”The reservoir was discovered when drilling the Yoti West-1EXP well from the semi-submersible platform Valaris 8505,” according to a company statement.
Wednesday, November 24th 2021 - 08:46 UTC
Bolsonaro favors reviewing Petrobras' formula to adjust price of fuel

Brazil's President Jair Bolsonaro Tuesday said he intended to have Petrobras' international parity system reviewed, although he fell short of disclosing how he planned to go about it.
Saturday, November 20th 2021 - 09:17 UTC
Why China and India aren’t the climate villains of COP26

By Daniel Parsons and Martin Taylor (*) – The Glasgow Climate Pact urges countries to “accelerate efforts towards phasing down”, rather than “phasing out”, coal power that isn’t mitigated by carbon capture and storage.
Friday, November 19th 2021 - 09:21 UTC
The Antipodas project, a US$2 Billion Subsea Solar Power Cable From Chile To China

By Halev Zaremba Oilprice.com – One of the biggest challenges standing in the way of achieving a 100% renewable energy transition is the fact that key sources of renewable power including wind and solar are variable - meaning that they don’t supply a steady flow of energy production. Instead, they are dependent on external factors such as weather, daylight hours, and seasons.
Thursday, November 18th 2021 - 03:42 UTC
OPEC+ Raised Oil Production by more than 400,000 BPD in October

By Tsvetana Paraskova for Oilprice.com – Led by production increases in Saudi Arabia and Russia, the OPEC+ group raised its October oil output by 490,000 barrels per day (BPD), TASS news agency quoted the International Energy Agency as saying in its monthly report on Tuesday.
Thursday, November 11th 2021 - 09:01 UTC
UK pledges HGVs will be zero-emission by 2040; unveils new chargepoint design

The United Kingdom has announced all-new road vehicles in the country will be zero-emission within the next two decades, while charge points are to be the main focus to adapt to the EV revolution.
Thursday, November 4th 2021 - 09:40 UTC
Venezuelan aircraft banned in the US carries Evo Morales to Buenos Aires

Former Bolivian President Evo Morales landed in Buenos Aires aboard a Venezuela-registered aircraft blacklisted by the United States Treasury Department.
Wednesday, November 3rd 2021 - 03:45 UTC
Energy exports to Brazil to finance Argentina's infrastructure works

Argentina's Energy Ministry has ruled that energy exports to Brazil will finance the Vaca Muerta gas pipeline and electrical transportation works, it was announced Tuesday.
Tuesday, November 2nd 2021 - 09:05 UTC
Australian firm pledges US $ 8 bn to green hydrogen development in Argentina

The Argentine Government has reached an understanding with a leading Australian firm to move forward with local production of clean energy. President Alberto Fernández made the announcement Monday from Glasgow, where he is attending the UN COP26 Climate Summit.
Tuesday, November 2nd 2021 - 08:40 UTC
Not Yet on Track: Climate Threat Demands More Ambitious Global Action

By Kristalina Georgieva, IMF Managing Director – In 1785, Robert Burns reflected on how humanity has come to dominate our planet: “I’m truly sorry man’s dominion, has broken nature’s social union,” he wrote. The Scottish poet’s words still ring true two centuries later.