Energy & Oil

• Saturday, March 6th 2021 - 09:40 UTC

  Falklands extends Rockhopper's offshore licenses until November 2022

  

  The Falkland Islands government has agreed to extend each of Rockhopper Exploration plc’s offshore North Falkland basin petroleum licenses, including the Sea Lion discovery area, until Nov. 1, 2022. The extension includes no additional license commitments. The previous expiry date was May 1, 2021.

• Saturday, March 6th 2021 - 09:35 UTC

  Norway's Equinor, YPF and Shell will operate a block in North Argentine basin

  

  Norway's Equinor and YPF have entered into an agreement with Shell to jointly farm-down 30% non-operated interests in the CAN 100 block in the North Argentine basin, offshore Argentina.

• Wednesday, March 3rd 2021 - 08:56 UTC

  Argentina again forced to ramp LNG imports , as domestic gas production falls

  

  Argentina forced to quickly ramp up LNG imports in the coming winter months to meet its heating season, as domestic gas production dwindles and Bolivian pipeline imports slow.

• Tuesday, March 2nd 2021 - 09:54 UTC

  Bolsonaro promises to sign on Tuesday a decree suspending a tax on diesel to prevent a truckers strike

  

  Brazilian President Jair Bolsonaro said on Tuesday he would suspend a tax on diesel fuel, to try and placate truckers, but the government would instead hike taxes on banks to offset lost revenue.

• Sunday, February 28th 2021 - 10:35 UTC

  Bolsonaro argues state controlled companies should fulfill a social function

  

  Brazilian President Jair Bolsonaro said that the country’s state-controlled companies should fulfill a social function and any different understanding by their chief executives was unacceptable.

• Friday, February 26th 2021 - 09:40 UTC

  Brazil's share of Electrobras will fall to 45% from 61% under the privatization deal

  

  Brazil’s government will cut its stake in power company Centrais Eletricas Brasileiras SA , or Eletrobras, to 45% from its current 61% in a planned privatization process, a senior official in the Energy Ministry announced on Wednesday.

• Thursday, February 25th 2021 - 10:37 UTC

  Bolsonaro praises Economy minister Guedes trying to overcome the Petrobras controversy

  

  Brazilian President Jair Bolsonaro praised his Economy Minister Paulo Guedes as the “anchor” of his government, in an attempt to quash speculation of a deepening division between the two after Bolsonaro last week ousted Petrobras CEO triggering a plunge in markets.

• Thursday, February 25th 2021 - 08:44 UTC

  Brazil reaffirms electricity provider Electobras privatization, except for nuclear plants and Itaipu dam

  

  Brazilian President Jair Bolsonaro went to Congress to deliver a provisional measure associated with his government’s plans to privatize state-run electricity provider Eletrobras.

• Wednesday, February 24th 2021 - 08:58 UTC

  Bolsonaro poised to ensure the removal of Petrobras CEO

  

  Brazilian president seems poised to win his controversial struggle over the removal of the country's giant oil and gas company Petrobras CEO, and replacement by a former Army general. In effect, Petrobras on Tuesday called an extraordinary shareholders' meeting, a move that all but guarantees the exit of CEO Roberto Castello Branco.

• Tuesday, February 23rd 2021 - 08:11 UTC

  Bolsonaro's arrogance plunges Bovespa index 4% and Petrobras shares 21%

  

  Brazil’s benchmark Bovespa index fell more than 4% Monday following President Jair Bolsonaro's decision last week to replace the chief executive of state oil company Petrobras. The company's shares plunged more than 21% on news that the government nominated an army general with no oil and gas industry experience as its new CEO.