Energy & Oil

• Monday, May 20th 2019 - 09:58 UTC

  Argentina ready for its first sale of natural gas cargo

  

  Argentina is offering its first-ever liquefied natural gas cargo, putting the nation on the verge of becoming a regular exporter of the fuel. YPF SA, the state-run oil and gas producer, is seeking to sell a partial cargo from the Tango floating liquefaction unit, or FLNG, at Bahia Blanca, according to traders.

• Monday, May 20th 2019 - 09:58 UTC

  Long queues and fuel rationing in oil rich Venezuela; Army sent to “cool” angry tempers

  

  Soldiers oversaw rationing of gasoline at service stations in several parts of Venezuela on Sunday as worsening fuel shortages forced angry drivers to wait for hours to fill their tanks, prompting protests in some areas.

• Saturday, May 18th 2019 - 09:48 UTC

  Argentine oil and soybean industries exempt from latest taxes on imports

  

  Argentina will exempt an import tax on goods that are used in the production of exports, such as soybeans and machinery to develop unconventional hydrocarbons in the Vaca Muerta shale play, Treasury Minister Nicolas Dujovne said in a radio interview on Friday.

• Saturday, May 18th 2019 - 09:31 UTC

  Argentina awards 18 offshore oil exploration areas; UK companies take 7 areas, some next to Falklands

  

  Argentina awarded permits to begin hydrocarbon exploration in 18 areas off the coast of the Buenos Aires province, the Austral basin and the Malvinas West basin, which neighbors with the Falkland Islands, the insular territory claimed by Argentina.

• Friday, May 17th 2019 - 11:00 UTC

  Premier Oil finances improving and so are Falklands' Sea Lion project prospects

  

  Britain’s Premier Oil increased its 2019 production guidance on Thursday, saying output had been boosted by efficiency measures and a late sale from its now-divested Pakistan oil fields. The company said it now expects output to reach 75,000 to 80,000 barrels of oil equivalent per day (boed) this year, from up to 75,000 boed previously.

• Thursday, May 16th 2019 - 08:24 UTC

  Oil prices edge up on the Iran situation, but inventories are still very high

  

  Oil prices edged up on Thursday to extend gains into a third straight session, as tensions in the Middle East stoked fears of potential disruptions to supply. Brent crude futures were at US$72.04 a barrel at 0110 GMT, up 27 cents, or 0.4per cent, from their last close. Brent closed up 0.7per cent on Wednesday.

• Saturday, May 11th 2019 - 08:31 UTC

  YPF focusing on shale oil to increase production growth

  

  YPF, the largest oil and natural gas producer in Argentina, is focusing on shale oil for production growth as a glut slows natural gas output, managers at the state-backed company said Friday.

• Friday, May 10th 2019 - 09:57 UTC

  Developers rush to supply electricity to Brazilian state that depends on Venezuelan power

  

  Developers have presented more than 150 proposals for power plants ahead of an auction this month to supply electricity to the Brazilian state of Roraima, which has struggled with a rash of blackouts due to reliance on the shaky Venezuelan power grid.

• Friday, May 10th 2019 - 09:11 UTC

  Shell to invest US$ 2bn annually in Brazil until 2025

  

  Shell plans to invest as much as US$2 billion annually in its Brazilian operations by 2025, Shell’s chief executive officer Ben van Beurden told Brazilian business daily Valor Economico in an exclusive interview published on Thursday.

• Thursday, May 9th 2019 - 08:41 UTC

  Brazil expects US$ 30bn from offshore oil auctions next October and November

  

  Brazil expects to collect some US$ 30 billion in signing bonuses this year from three upcoming offshore oil auctions set for October and November, an official revealed this week.