Energy & Oil

• Friday, November 15th 2019 - 09:45 UTC

  Germany and Brazil renew nuclear cooperation agreement; third nuclear plant to be built by 2026

  

  Germany's parliament, the Bundestag, on Thursday ignored pleas from the Green party to scrap a nuclear agreement with Brazil. “Our cooperation in this area has worked well for decades,” Parliamentary State Secretary for the Environment Rita Schwarzelühr-Sutter of the center-left Social Democratic Party (SPD) said. “There are currently no plans to cancel the agreement.”

• Friday, November 15th 2019 - 09:40 UTC

  First shipment of Vaca Muerta shale LNG to Brazil

  

  Argentine oil company YPF SA has sold its first commercial liquefied natural gas (LNG) cargo to Brazilian state energy firm Petrobras, according to media reports in Buenos Aires.

• Tuesday, November 12th 2019 - 21:05 UTC

  Bolivia warns Argentina of possible shortage in gas supply due to seizure of plants

  

  The Bolivian state-run oil company YPFB Monday notified Argentina that due to the taking over of some of its facilities in the hands of the groups leading to the overthrow of President Evo Morales, there could be problems with the supply of gas. But the Mauricio Macri administration sees no reason to fear shortages thanks to the reserves stocked, it was reported.

• Thursday, November 7th 2019 - 09:43 UTC

  Brazil's oil fields auction falls well short of expectations: US$ 17bn instead of US$ 26bn targeted

  

  Brazil's auction of drilling rights to four deep-sea oil fields raised a disappointing US$17 billion on Wednesday, officials said, well short of expectations for the highly-anticipated mega sale.

• Wednesday, November 6th 2019 - 09:49 UTC

  Bolsonaro unveils fiscal reforms and sends bill to privatize Brazil's largest utility, Electrobras

  

  Brazilian President Jair Bolsonaro's government unveiled a bundle of wide-ranging reforms on Tuesday, aimed at cutting spending and reducing the size of the state to drive down its chronic fiscal deficit.

• Wednesday, November 6th 2019 - 09:22 UTC

  US crude stockpiles glut forces oil prices down

  

  Oil prices dropped on Wednesday after industry data showed a larger-than-expected build-up in U.S. crude stockpiles, but expectations for an easing of trade tensions between the United State and China capped losses.

• Tuesday, November 5th 2019 - 09:45 UTC

  Falklands extends duration of Rockhopper and Argos Resources oil exploration licenses

  

  Rockhopper Exploration PLC said on Monday that the Falkland Islands government has extended the duration of the PL032 Discovery Area License until May 1, 2021, with no additional license commitments.

• Tuesday, November 5th 2019 - 09:36 UTC

  Brazilians desperately cleaning the oil spill ahead of the peak tourism season

  

  Months after thick oil began turning idyllic beaches in Brazil into “black carpets,” workers and volunteers wearing rubber gloves race against time to scrape off the remaining fragments ahead of the country's peak tourism season.

• Monday, November 4th 2019 - 09:45 UTC

  Greek company denies any connection of one of its tankers with the massive oil spill in Brazilian beaches

  

  The manager of an oil tanker being probed by Brazilian authorities in connection with an oil spill off the country’s coast has found “no proof” of the vessel conducting activities that may have led to leaks on a journey between Venezuela and Malaysia.

• Monday, November 4th 2019 - 09:25 UTC

  Saudi Arabia seeks to diversify economy, floats oil giant Aramco in search of funds

  

  Saudi Arabia's giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world's biggest listing as the kingdom seeks to diversify its economy away from oil.