Energy & Oil

• Thursday, July 18th 2019 - 08:29 UTC

  Falklands' Sea Lion project boost after Premier announces a very positive half year financial result

  

  Premier Oil on Wednesday reduced its forecast for its 2019 operating costs to US$12 per barrel of oil equivalent (boe) from US$ 13 and expects debt reduction to reach the upper end of its US$ 250-350 million target by year-end.

• Wednesday, July 17th 2019 - 10:10 UTC

  Uruguayan State to manage Montevideo gas supply as Petrobras leaves country

  

  Uruguay's President Tabaré Vázquez and Petrobras CEO Roberto Castello Branco met Tuesday in Santa Fe, Argentina, to discuss a possible solution to the crisis affecting Montevideo's two gas suppliers, which are both subsidiaries of the Brazilian consortium.

• Monday, July 15th 2019 - 03:43 UTC

  Power cut hits NYC for almost four hours

  

  Less than a month after a similar episode although at a larger scale happened in almost the entire southern cone, a power cut hit New York for about four hours Saturday, affecting some 72,000 customers, in the city's western area and landmarks such as Times Square, causing havoc and unrest when metro lines and theatres came to a standstill.

• Saturday, July 13th 2019 - 14:58 UTC

  Brazilian state of Paraná passes antifracking law

  

  Based on environmental grounds, other types of soil exploration that can cause pollution also fall under the scope of this week's new norm.

• Monday, July 8th 2019 - 10:15 UTC

  Power outage hits Venezuela's largest refinery complex

  

  Venezuela's largest refinery complex has been hit by a power outage, at a time of acute fuel shortages in parts of the crisis-torn oil producer, an opposition lawmaker said on Sunday.

• Friday, July 5th 2019 - 15:09 UTC

  Iran furious with Gibraltar: condemns the illegal interception of one of its oil tankers

  

  Iran on Thursday condemned the “illegal interception” of one of its oil tankers in Gibraltar where authorities said they suspected it was carrying crude to Syria in violation of EU sanctions.

• Thursday, July 4th 2019 - 11:04 UTC

  Gibraltar detains Super Tanker ‘The Grace 1’ heading with oil for Syria

  

  Gibraltar's Chief Minister Fabian Picardo, announced the detention of a supertanker allegedly in violation of EU sanctions against Syria. The statement follows:

• Thursday, July 4th 2019 - 09:38 UTC

  Argentine company admits responsibility in major blackout in Mercosur countries

  

  Argentina’s energy secretary says improper reprogramming of the electricity system following the installation of a bypass on a major transmission line caused the power outage that left tens of millions of people in three nations without power.

• Wednesday, July 3rd 2019 - 08:29 UTC

  Greenpeace on campaign against deep sea mining, at least until more information on the ecosystem is available

  

  Greenpeace ship sets sail on Thursday to study an ecosystem beneath the Atlantic Ocean thought to hold clues to the origins of life to press its case for a ban on deep-sea mining, as talks in Jamaica seek to agree on rules of deep-sea mineral exploitation.

• Tuesday, July 2nd 2019 - 09:20 UTC

  Oil prices slip despite OPEC cuts: fears of a weakening global economy

  

  Oil prices slipped on Tuesday as worries that a weakening global economy would dent demand for the commodity outweighed the Organization of the Petroleum Exporting Countries' (OPEC) decision to extend supply cuts until next March.