Energy & Oil

Thursday, January 14th 2021 - 09:19 UTC
Brazilian oil export record in 2020, average 1,4 million bpd

Brazil established a new record for oil exports in 2020, with sales averaging 1,4 million bpd and a peak of 1,9 million bpd during the month of May, according to the Mines and Energy minister Bento Albuquerque. The minister also announced that on 7 January, Brazil's oil giant Petrobras reached a daily production record of 2,84 million barrels of oil, beating the previous mark set in 2015, with 2.79 million BOE/day.
Wednesday, January 13th 2021 - 09:33 UTC
Premier Oil becomes Harbor Energy; merges with Chrysaor to make North Sea's largest oil and gas producer

Premier Oil announced on Tuesday that shareholders voted in favor of a reverse takeover of private equity-backed Chrysaor to create the British North Sea’s biggest oil and gas producer in which Premier shareholders will hold about 5.5%.
Monday, January 4th 2021 - 04:55 UTC
Opec meeting via videoconference to decide on February production level

Members of the Opec group of oil producers and their partners will meet via videoconference next Monday to decide on production levels for February, hoping to turn the corner on a difficult year. The Opec+ ministerial meeting comes after oil consumption tanked in 2020 due to the Covid-19 pandemic and a price war between Saudi Arabia and Russia.
Friday, January 1st 2021 - 22:16 UTC
Falklands' Borders & Southern Petroleum announces board changes and offshore licenses expire 31 Jan 2022

Borders & Southern Petroleum, a company with oil and gas exploration assets offshore the Falkland Islands, announced at the end of the year board changes. The London based independent oil & gas exploration company announced the retirement of Nigel Hurst-Brown from the Board of Directors. His departure will take effect on January 1, 2021.
Saturday, December 26th 2020 - 09:50 UTC
Brazil pledges a target of 45% renewable energy by 2050

Brazil has now moved past the 7 gigawatts (GW) mark of total installed renewables – and has set the ambition of 45% of its energy needs being generated in similar form by 2050.
Wednesday, December 23rd 2020 - 09:44 UTC
Huge blackout affects Buenos Aires City for several hours

A huge power cut in the Argentine capital Buenos Aires caused a blackout to hundreds of thousands of homes and businesses on Tuesday and brought metro lines to a standstill. The blackout also occurred when the country's medicine and pharmaceutical regulator extended an emergency authorization to the Pfizer BioTechN vaccine.
Wednesday, December 23rd 2020 - 09:30 UTC
Peruvian agriculture export companies workers take to highways to renew protests

Workers from agricultural export companies in Peru renewed protests this week after Congress failed to reach an agreement to reform the sector and address their complaints about poor pay.
Monday, December 7th 2020 - 09:04 UTC
ExxonMobil will concentrate its growth ambitions in Brazil and Guyana

ExxonMobil expects Brazil and Guyana will be key drivers for the company’s growth ambitions in the future, as the US super-major looks to concentrate the bulk of exploration and production development activities in the two South American nations, apparently leaving aside the shale deposits in Argentina.
Wednesday, December 2nd 2020 - 09:00 UTC
Navitas committed to offshore Falklands Sea Lion project farm in

Rockhopper Exploration has confirmed that Navitas Petroleum remains committed to its proposed farm-in to the Sea Lion oil and gas project offshore the Falkland Islands, the company announced on its site.
Tuesday, December 1st 2020 - 08:44 UTC
OPEC and allies postpone talks amid disagreements on how much oil to pump

OPEC and allies led by Russia postponed talks on oil output policy for 2021 to Thursday, sources said on Monday as key players still disagreed on how much oil they should pump amid weak demand due to the coronavirus pandemic.