Energy & Oil

• Wednesday, October 9th 2019 - 10:57 UTC

  Argentina extends exploration licenses to five oil companies in South Atlantic

  

  Argentina has awarded five oil companies licenses to explore for hydrocarbons offshore, in the country's continental shelf, in an area identified as the Argentine Sea, or South Atlantic, which basically extends between the continent and the Falkland Islands

• Tuesday, October 8th 2019 - 09:54 UTC

  Clashes in Ecuador as big march approaches Quito to protest rising fuel prices

  

  Hundreds of indigenous people and farmers clashed with Ecuadoran security forces on Monday as they marched toward the capital Quito to protest against rising fuel prices.

• Tuesday, October 8th 2019 - 09:18 UTC

  Brazil willing to open uranium deposits to private sector companies

  

  Brazil’s mines and energy minister, Bento Albuquerque, said the country expects to resume production at the country’s only uranium mine before the end of the year and would open the sector to private companies.

• Tuesday, October 8th 2019 - 09:03 UTC

  Oil spill in Brazil has affected 42 cities, environment minister reports

  

  Brazil’s environment minister says more than 100 tons of oil has been spilt along the northeastern coast since the beginning of September. Ricardo Salles said Monday on Twitter that 42 cities have been affected by the spills. He did not say how he reached those figures.

• Monday, October 7th 2019 - 09:48 UTC

  Ecuador in turmoil: shopkeepers arrested for raising food prices while street clashes continue

  

  Ecuadorean authorities began arresting shopkeepers for raising food prices as indigenous groups clashed with security forces on Sunday in the fourth day of protests against President Lenin Moreno's austerity measures.

• Monday, October 7th 2019 - 09:40 UTC

  Russia pledges to help Cuba have access to oil and petroleum products

  

  Russia will find ways to help Cuba get oil and petroleum products, Russian Prime Minister Dmitry Medvedev said in an interview broadcast on Saturday. Medvedev pledged to help develop Cuba’s energy sector during a visit to the island this week but did not announce any short-term measures to provide relief from crippling fuel shortages in the wake of tougher U.S. sanctions.

• Saturday, October 5th 2019 - 09:12 UTC

  Mexico does not seek control of Zama, the country's major oilfield discovery in decades

  

  Mexican President Andres Manuel Lopez Obrador said that his government is not seeking to take control of the Zama oilfield discovery, which is currently operated by a private consortium led by U.S.-based Talos Energy. The statement follows on a report from Reuters earlier in the week saying that Mexico’s national oil company, Pemex, wants to take control of Zama from Talos.

• Friday, October 4th 2019 - 09:55 UTC

  Ecuador will eliminate fuel subsidies and tighten the belt of public employees

  

  Ecuadorean President Lenin Moreno said that his government will eliminate subsidies for diesel and low-octane gasoline and create a new corporate tax as part of a package of measures to narrow the country’s fiscal deficit.

• Friday, October 4th 2019 - 09:50 UTC

  Ecuador declares state of emergency to contain protests against elimination of fuel subsidies

  

  Ecuador's President Lenin Moreno declared a state of emergency Thursday as protests broke out nationwide over the end of decades-old fuel subsidies as part of a $2 billion government fiscal reform package. Police responded with tear gas in the worst unrest for years in the oil-producing Andean nation.

• Tuesday, October 1st 2019 - 09:55 UTC

  Argentina's recurring nightmare

  

  By Andrés Bello (*) - Argentine President Mauricio Macri seems almost certain to lose his country’s presidential election next month, after committing the same kinds of economic policy mistakes that so many of his Peronist predecessors made. It is a tragic and catastrophically disappointing denouement.