Energy & Oil

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.
Thursday, June 27th 2019 - 15:10 UTC
Argentina's shale boom at Vaca Muerta seems to be finally taking off

By Tsvetana Paraskova for Oilprice.com - After years of drilling and development and billions of U.S. dollars of investment, Argentina’s vast shale play Vaca Muerta has finally seen the first tangible results with the first exports of light crude oil and liquefied natural gas (LNG) from the resource-rich formation.
Tuesday, June 25th 2019 - 09:05 UTC
US Supreme Court upholds lower court shareholder lawsuit against YPF

The U.S. Supreme Court on Monday rejected Argentina’s bid to fend off a lawsuit by energy company Petersen Energía Inversora, S.A. seeking compensation for shares it owned in the now-nationalized YPF S.A. energy company.
Tuesday, June 25th 2019 - 08:48 UTC
YPF back in the money market issuing US$ 500 million ten year notes

YPF, Argentina’s biggest oil company, sold overseas bonds for the first time in more than a year after a plunge in borrowing costs opened a window of opportunity. The state-owned driller issued US$ 500 million of 10-year, dollar-denominated notes to yield 8.75%.
Friday, June 21st 2019 - 15:51 UTC
Oil prices shoot up as Iran says, “It's ready for war”

By Nick Cunningham of Oilprice.com - Oil was woken out of its slumber by yet another round of escalation between the U.S. and Iran, although the matter took on greater importance to oil markets only because of a more upbeat economic outlook.
Wednesday, June 19th 2019 - 09:29 UTC
Petrobras makes huge natural gas discovery in the Sergipe basin

Brazilian state-run oil firm Petrobras has made natural gas discoveries in six deep-water fields in the Sergipe Basin, it said in a regulatory filing on Monday.
Tuesday, June 18th 2019 - 09:54 UTC
Argentina opens an official inquiry into Sunday's massive blackout

Argentina has opened an inquiry into what caused a massive blackout that left nearly 50 million people without power, Energy Minister Gustavo Lopetegui said on Monday.