Energy & Oil

• Monday, September 16th 2019 - 09:05 UTC

  Gas well catches fire at Argentina's Vaca Muerta shale formation

  

  Argentina’s state-controlled oil company YPF said a gas well caught fire at its vast shale oil and gas formation of Vaca Muerta early on Sunday following a gas leak on the previous day.

• Monday, September 16th 2019 - 08:38 UTC

  Trump releases oil from strategic reserves following drone attacks on Saudi oil fields

  

  President Donald Trump announced on Sunday evening that he has authorized the release of oil from the Strategic Petroleum Reserve following attacks on Saudi Arabian oil fields and refineries.

• Thursday, September 12th 2019 - 18:56 UTC

  The Mexican Treasury to the rescue of debt-laden oil company Pemex

  

  Mexico's US$5 billion rescue package to pay down debt at Pemex is a one-of-a-kind transaction that should give the struggling state oil company breathing space to focus on output and costs, Deputy Finance Minister Gabriel Yorio said.

• Monday, September 9th 2019 - 09:45 UTC

  OPEC+ wants to further cut output to support oil price, but admits it no longer controls the market

  

  Top oil producers will consider fresh output cuts at a meeting this week, but analysts are doubtful they will succeed in bolstering crude prices dented by the US-China trade war.

• Saturday, September 7th 2019 - 09:58 UTC

  Venezuela land dispute with Guyana on front stage and Guaido accused of high treason

  

  Venezuelan prosecutors said Friday they would charge opposition leader Juan Guaido with “high treason” for planning to renounce the country's claim to a disputed border area controlled by Guyana.

• Friday, September 6th 2019 - 09:53 UTC

  Major oil companies billions in investments incompatible with Paris climate accord, claims energy think-tank

  

  Major oil companies have approved US$50 billion of projects since last year that will not be economically viable if governments implement the Paris Agreement on climate change, think-tank Carbon Tracker said in a report published on Friday.

• Thursday, August 29th 2019 - 09:42 UTC

  US did not agree to the G7 US$ 20 million emergency aid for the Amazon

  

  The United States did not agree to a US$20 million emergency aid package to help battle wildfires announced by French President Emmanuel Macron at a G7 summit this weekend, a spokesman for the US National Security Council (NSC) said on Wednesday.

• Thursday, August 29th 2019 - 08:42 UTC

  Petrobras privatization: still the crown jewel and needs congressional approval

  

  Brazil's influential finance minister has convinced President Jair Bolsonaro to consider the once-unthinkable step of privatizing state-owned oil company Petrobras , but stiff political opposition could stifle any effort to sell the country's corporate crown jewel.

• Wednesday, August 28th 2019 - 09:03 UTC

  BP divests from Alaska's Prudhoe Bay to concentrate in Texas shale

  

  British oil giant BP on Tuesday agreed to sell all its Alaskan properties for US$5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60 years.

• Friday, August 23rd 2019 - 09:50 UTC

  Premier Oil trying to sell part of its Falklands' Sea Lion project

  

  Premier Oil is selling its stake in a “world-class” project off the coast of Mexico and wants to reduce its holding in a long-awaited scheme north of the Falkland Islands as it tries to lighten its US$ 2bn debt burden, reports the Financial Times.