Energy & Oil

• Wednesday, January 29th 2020 - 07:44 UTC

  Guyana rapidly becoming an oil major: 16th discovery in four years of exploration

  

  ExxonMobil today announced its 16 discovery in the Stabroek Block, located off the Guyanese coastline. The Texas-based company announced that it encountered 29 meters of high-quality oil-bearing sandstone at the Uaru well.

• Tuesday, January 28th 2020 - 08:09 UTC

  Brazil willing to discuss with OPEC, but not prepared to join the cartel

  

  Brazil has decided to stay out of OPEC for the time being as it seeks to expand its oil production, according to media reports quoting energy minister Bento Albuquerque. “The idea is just to increase our production and to participate more in the international oil and gas market,” Albuquerque said in an interview.

• Monday, January 27th 2020 - 08:03 UTC

  Deadly China virus impacts on oil prices while safe havens assets rally

  

  Fears over the global economic impact of the deadly China virus sent oil prices plunging more than on Monday to extend last week's sell-off, while safe-haven assets including the yen and gold rallied.

• Saturday, January 25th 2020 - 09:34 UTC

  Argentina's YPF returns successfully to money markets: issues US$ 164 million debt

  

  Argentina’s state energy company YPF said it issued debt of US$ 164 million on Wednesday, in a result it said exceeded its expectation.

• Saturday, January 25th 2020 - 09:08 UTC

  Chile spurring lithium mining: copper giant Codelco joins the exploration

  

  Chile state miner Codelco filed with regulators on Friday a plan to begin exploration for lithium in its Maricunga salt flat holdings, a key step in advancing development of the country's second richest deposit of the metal needed for batteries.

• Friday, January 24th 2020 - 08:44 UTC

  Record oil production in Brazil during 2019

  

  By Irina Slav for Oilprice.com – Brazil produced more than 1 billion barrels last year, the first time it has breached the 1-billion-barrel mark, according to reports from the country’s oil regulator, ANP. The daily average stood at 3.106 million bpd, up 7.78% on 2018, ANP also said.

• Thursday, January 23rd 2020 - 19:30 UTC

  Falklands' oil company lays out plans for production: 85.000 bpd at peak output

  

  At peak oil production from the Falkland Islands offshore Sea Lion oil field, Premier Oil is hoping for 85,000 barrels of oil per day. Over 20 years they anticipate 255 million barrels of oil in a medium-case scenario.

• Wednesday, January 22nd 2020 - 07:13 UTC

  Guyana ships its first ever cargo of one million barrels of oil

  

  A vessel carrying Guyana’s first-ever shipment of crude set sail on Monday bound for the U.S. Gulf Coast, oil major Exxon Mobil Corp said, marking the tiny South American nation’s long-awaited debut as an oil exporter.

• Monday, January 20th 2020 - 09:55 UTC

  Argentina pledges bill to attract investment for production of conventional and unconventional hydrocarbons

  

  Argentine President Alberto Fernandez will send a bill to Congress to attract investment for the production of conventional and unconventional hydrocarbons, a spokesman for the Production Development ministry said.

• Thursday, January 16th 2020 - 08:49 UTC

  Brazil planning to sell assets worth some US$ 36,3 billion during this fiscal year

  

  Brazil hopes to sell assets worth 150 billion reais (US$ 36.33 billion) in 2020, privatizations secretary Salim Mattar said, adding that the focus this year will be on selling subsidiaries of Centrais Eletricas Brasileiras SA (ELET6.SA).