Energy & Oil

• Friday, July 23rd 2021 - 09:16 UTC

  Yacyretá's electricity output severely hit by Paraná river downspout

  

  The historical downspout of the Paraná River has led Yacyretá, Argentina's biggest hydroelectric plant, to work at around 50% of its normal capacity, which has a direct impact on supply to the electrical system.

• Tuesday, July 20th 2021 - 09:20 UTC

  Chile leads the region on its way to sustainable energy-powered cars

  

  As the leading country in the region on the road to new sources of energy for vehicles, Chile last week added a new charging point for battery-powered engines next to the Nueva Angostura tollbooth and is the first of a total of 5 to be implemented on Ruta 5 Sur between Santiago and Talca.

• Tuesday, July 20th 2021 - 09:12 UTC

  Europe's push for drastic shift towards electric vehicles may find objections

  

  The European Commission has voted last week to ban the sale of vehicles that run on gasoline or diesel by the year 2035 to change the energy matrix in transport.

• Tuesday, July 20th 2021 - 09:05 UTC

  Argentina and Bolivia have bills in Parliament to boost transitioning to e-cars

  

  Just as the European Commission sent a bill last week to the European Parliament regarding electric vehicles, the Governments of Argentina and Bolivia are also taking similar paths.

• Monday, July 19th 2021 - 09:11 UTC

  OPEC and Russia+10 will increase output, 400,00 bpd, as of August first

  

  The world's leading oil-producing countries agreed on Sunday to continue with the gradual increase of output, 400,000 barrels per day, beginning August first, to help global economic recovery following the pandemic, according to a release from the group's meeting in Vienna.

• Wednesday, July 14th 2021 - 09:05 UTC

  Brazilian President supports Cuban demonstrations, signs privatization of Eletrobras

  

  Brazilian President Jair Bolsonaro Tuesday expressed his support for the Cuban people protesting against their living conditions under the Communist Government of Miguel Díaz-Canel.

• Wednesday, July 14th 2021 - 09:00 UTC

  Lack of semiconductors and electronic components limiting Brazil's car production

  

  Brazil's Association of Automotive Vehicle Manufacturers, ANFAVEA announced that export expectations for 2021 should reach 389,000, a significant increase over the previous estimate of 353,000. Furthermore, overseas sales will stand at 20% over the 2020 figure.

• Wednesday, July 14th 2021 - 08:30 UTC

  Volkswagen picks Uruguay to make e-cars Latin American landing

  

  The traditional German automaker Volkswagen has chosen Uruguay as the first country in Latin America to receive its assortment of fully electricity-powered models, it was announced during a ceremony which was attended by President Luis Lacalle Pou.

• Thursday, July 8th 2021 - 09:56 UTC

  Argentina takes action against foreign oil companies operating on South Atlantic continental shelf

  

  Argentina's Ministries of Foreign Affairs and Energy Wednesday announced sanctions were to be imposed on three companies for operating illegally in the South Atlantic.

• Thursday, July 8th 2021 - 09:48 UTC

  Three companies (two UK and one Israel) involved in Falklands' oil industry, added to Argentina's sanctions list

  

  Argentina announced it has launched a sanctions process against several foreign oil companies, the UK based Chrysaor Holdings Ltd, Harbor Energy Plc, and Israel's Navitas Petroleum for involvement in hydrocarbons activities, with illegitimate Falkland Islands licenses, in the Argentine continental shelf, more precisely at the Sea Lion project in North Malvinas basin