Energy & Oil

Wednesday, April 3rd 2019 - 08:43 UTC
Rockhopper cuts losses and is progressing on Falklands' oil field development

Rockhopper Exploration PLC on Tuesday said its loss narrowed in 2018 as it progresses on field development in the Falkland Islands. The oil & gas exploration and production company's loss narrowed in 2018 to US$ 7.1 million from US$ 9.0 million a year before, as revenue climbed to US$ 10.6 million from US$ 10.4 million.
Monday, April 1st 2019 - 08:44 UTC
Petrobras interested in tendering to explore for oil and gas offshore Israel

Brazilian state-run oil firm Petrobras is considering bidding in a new tender to explore for oil and gas offshore Israel, a leading Israeli financial news website reported on Sunday. Calcalist reported that a final decision could be announced during a four-day visit to Israel by Brazilian President Jair Bolsonaro that began on Sunday.
Monday, April 1st 2019 - 08:20 UTC
Venezuela collapses: no power, water or internet; Schools suspended, workday limited to 02:00 PM

Venezuela’s President Nicolas Maduro announced 30 days of electricity rationing on Sunday, after his government said it was reducing the length of the workday and keeping schools closed due to devastating blackouts plaguing the country.
Sunday, March 31st 2019 - 17:07 UTC
Venezuela suffers the fifth mass blackout of the month

A new massive blackout was recorded this weekend in Venezuela after a nationwide interruption of electricity service this Friday, which was slowly restored in main cities as Caracas. However, a new relapse of the supply occurred on Saturday night, affecting 16 states of the country - more than half.
Saturday, March 30th 2019 - 08:15 UTC
Argentina election year: Macri increases spending on energy subsidies

Argentina will increase spending on energy subsidies by more than US$ 100 million this year to compensate gas companies hit by delayed domestic price increases, a source at the nation's energy secretariat said.
Thursday, March 28th 2019 - 09:01 UTC
Venezuela has ceased to supply power to a Brazilian northern state

Brazil Mines and Energy Minister Bento Albuquerque said that Venezuela had not complied with its contract to supply the northern state of Roraima with energy since March 7. Roraima is a neighbor of Venezuela and an international bridge has become an escape way for thousands of Venezuelans fleeing from the Nicola Maduro regime and the lack of food and medicines.
Wednesday, March 27th 2019 - 07:01 UTC
Venezuelan workers sent home and schools closed because of the blackout

Venezuela's government told workers and school children to stay home on Tuesday as the second major blackout this month left the streets of Caracas mostly empty and residents wondering how long power would be out amid a deepening economic crisis.
Tuesday, March 26th 2019 - 08:48 UTC
Another blackout in Venezuela: government blames “attack” on the power system

 Venezuela blamed an “attack” on its electric system for a blackout on Monday, the second to hit the OPEC nation this month, that shuttered businesses, plunged the main airport into darkness and left commuters stranded in the capital. Power went out in much of Caracas and nearly a dozen states in the early afternoon, stirring memories of a week-long outage earlier in the month that was the most severe in the country's history.
Saturday, March 23rd 2019 - 09:02 UTC
Petrobras reviewing a deal with China's CNPC to build an oil refinery

Brazil's Petrobras is re-evaluating a preliminary deal with China National Petroleum Corporation (CNPC) to build an oil refinery in the state of Rio de Janeiro, Brazilian economic newspaper Valor Economico reported on Thursday, citing a source from Petrobras’ management.
Thursday, March 21st 2019 - 14:41 UTC
Brazil: Former President Michel Temer is arrested

Former Brazilian President Michel Temer was arrested on Thursday on corruption charges, a dramatic development in a sprawling corruption probe that has roiled Brazil has showed no sign of slowing.