Energy & Oil

• Monday, January 28th 2019 - 08:35 UTC

  Brazilians furious with mining company and regulators: 58 dead confirmed and 300 missing

  

  Grief over the hundreds of Brazilians feared lost in a mining disaster on Friday has quickly hardened into anger as victims' families and politicians say iron ore miner Vale SA and regulators have learned nothing from the recent past.

• Friday, January 25th 2019 - 09:59 UTC

  Premier Oil shares up on appraisal of its Zama deposit appraisal in Mexico

  

  Premier Oil shares were up on Thursday after the company updates the market on the successful completion of part of its Zama well appraisal program in the Gulf of Mexico. According to the update, the appraisal revealed 152 metres of net pay encountered above the oil water contact.

• Wednesday, January 23rd 2019 - 08:56 UTC

  Mexican fuel pipeline explosion death toll climbs to 91, and could increase

  

  The death toll from a fuel pipeline explosion in central Mexico last week rose to 91 as Pemex defended its response to one of the deadliest incidents to hit the state-run oil company in years.

• Sunday, January 20th 2019 - 05:07 UTC

  Lopez Obrador vows to end fuel theft; dozens die when thieves puncture gasoline pipeline

  

  Mexico’s president vowed on Saturday to redouble his fight against an epidemic of fuel theft after thieves punctured a pipeline north of Mexico City, causing an explosion that killed at least 73 people and injured 75 others. The blast underscored the deadly perils of the fuel-theft racket, which has cost the government billions of dollars a year and has been the target of a weeks' long crackdown by the administration of Mexico’s new president, Andrés Manuel López Obrador.

• Thursday, January 17th 2019 - 10:10 UTC

  Petrobras allowed to sell 90% stake in gas pipeline unit, estimated at US$ 7bn

  

  Brazil’s solicitor general has overturned one injunction that prevented state-controlled oil company Petrobras from proceeding with one of its largest divestitures, the government said in a statement.

• Thursday, January 17th 2019 - 10:05 UTC

  Petrobras averaged 2.63 MMboed last year, targets 2.8 MMboed for 2019

  

  Petrobras reports that in 2018, its total production of oil and gas, including natural gas liquids (NGL), was 2.63 MMboed, of which 2.53 MMboed produced in Brazil and 101,000 boed abroad. Petrobras’ own production of oil in Brazil was 2.03 MMbpd.

• Tuesday, January 15th 2019 - 09:23 UTC

  Macri praises Chinese investment in hydropower projects in Patagonia

  

  Argentina's president Mauricio Macri on Monday said the joint Argentina-China hydropower megaproject is “highly important” and “emblematic” in terms of renewable energy and economic development. Macri made the remarks during his first official visit to the construction site of the project, where two hydroelectric dams, Condor Cliff and La Barrancosa, are being erected along the Santa Cruz River in Patagonia to boost national energy output.

• Monday, January 14th 2019 - 09:03 UTC

  Japanese firm prepared to halt construction of a £20bn nuclear reactor in Wales

  

  The UK government's nuclear policy is under renewed scrutiny as the firm behind a £20bn reactor in Wales looks set to halt construction. Japanese media reports say Hitachi will suspend on its Horizon division's Wylfa Newydd plant this week. The company says no formal decision has yet been made.

• Monday, January 14th 2019 - 06:40 UTC

  Premier record oil production helps significant cuts in its debts

  

  Premier Oil has taken advantage of its second consecutive year of record oil production to make larger than expected cuts into its still-significant debts. The London-listed oil and gas developer, with interests in the Falkland Islands, expects its financial results to reveal end-of-year debts of US$2.3 billion, after removing US$390 million from the total following a sharp rise in oil output.

• Saturday, January 12th 2019 - 10:22 UTC

  EU multinationals refuse to collaborate with Brazil justice investigating Petrobras corruption

  

  Commodities trader Trafigura has refused a judge's order to hand over the email archives of two former executives in Brazil who are facing corruption charges over accusations they bribed officials at state-run oil firm Petrobras.