Energy & Oil

• Monday, June 17th 2019 - 09:55 UTC

  Massive blackout hits Mercosur; Argentina and Uruguay in the dark for six hours; major investigation promised

  

  A massive blackout left tens of millions of people without electricity in Argentina, Uruguay, Paraguay and parts of Chile and southern Brazil on Sunday. The Argentine president called it an “unprecedented” failure in the countries' interconnected power grid.

• Monday, June 17th 2019 - 09:50 UTC

  Argentine authorities admit they have yet to detect the cause of the major blackout

  

  Argentina's Energy Secretary Gustavo Lopetegui described the massive blackout suffered mostly by Argentina and Uruguay, but which also affected areas of neighbouring countries, Paraguay, Chile and Brazil as “an extraordinary event that should have never happened, there are no reasons for it occurring and leaving Argentina completely in the black”.

• Saturday, June 15th 2019 - 08:02 UTC

  Iran dismisses as “baseless” US accusations of twin attacks on two tankers in the Strait of Hormuz

  

  Iran dismissed as “baseless” on Friday US accusations it executed twin attacks that left two tankers ablaze in the Gulf of Oman, raising fears of conflict in the strategically vital waterway.

• Thursday, June 13th 2019 - 09:31 UTC

  Chilean copper miners on the verge of strike as of Friday

  

  More than 3,200 workers at Chile's huge Chuquicamata copper mine plan to go on strike this week after union-management talks broke down, state-run miner Codelco - the world's largest copper producer - said on Wednesday.

• Thursday, June 13th 2019 - 08:56 UTC

  Oil prices tumble to their lowest in five months: unexpected US crude stockpiles

  

  Oil prices tumbled 4% on Wednesday to their lowest settlements in nearly five months, weakened by another unexpected rise in U.S. crude stockpiles and by a dimming outlook for global oil demand.

• Wednesday, June 12th 2019 - 08:40 UTC

  US beats expectations: net oil exporter on a monthly basis starting November

  

  The US will become a net oil exporter for the first time on a monthly basis in November, with crude and refined product exports exceeding imports by 220,000 b/d, the Energy Information Administration said on Tuesday.

• Wednesday, June 12th 2019 - 08:30 UTC

  Exxon-Mobil begins long term development of oil and gas in Argentina's Vaca Muerta shale deposits

  

  ExxonMobil said on Tuesday it will proceed with a long-term oil and natural gas development project on a block in Argentina, targeting the Vaca Muerta shale play. The US-based company plans to drill 90 wells to take production to 55,000 b/d of oil equivalent in five years from the Bajo del Choique-La Invernada block in the Neuquen Basin in the country's southwest, the company said in a statement.

• Friday, June 7th 2019 - 09:43 UTC

  Argentine Justices uphold Glacier Law: setback for one of world's biggest gold miners

  

  The Argentine Supreme Court ruled against a legal claim by mining companies Barrick Gold Corp and Minera Argentina Gold arguing that Argentina's Glacier Law was unconstitutional. The decision was praised by environmentalists and marked a setback for one of the world's biggest gold miners.

• Friday, June 7th 2019 - 08:40 UTC

  Maduro names new electricity minister as sporadic blackouts continue

  

  Venezuelan President Nicolas Maduro named a new electricity minister on Thursday, replacing one he appointed just two months ago amid persistent prolonged power blackouts.

• Wednesday, June 5th 2019 - 13:01 UTC

  Falkland Islands Reception in London

  

  Marking another successful year the Annual Falkland Islands Government Reception took place on Tuesday 4th June at Middle Temple, London.