Energy & Oil

Friday, August 2nd 2019 - 18:52 UTC
Argentina's production of oil and gas goes up although Santa Cruz and Mendoza's go down

The output of oil and gas in the Argentine province of Mendoza hit its lowest mark in ten years, contrary to what goes on in the rest of the country, local authorities have announced. The lack of calls for bids during previous administrations has been singled out as the cause of the poor results.
Thursday, August 1st 2019 - 09:25 UTC
Argentina expanding LNG pipeline from Vaca Muerta to Buenos Aires

Argentina on Wednesday launched an international tender for a multibillion-dollar pipeline to transport natural gas from the Vaca Muerta shale formation in the western part of the country to capital Buenos Aires. Bids will be opened on September 12.
Wednesday, July 31st 2019 - 10:58 UTC
Financial submission for developing Falkland Islands' Sea Lion project

Rockhopper Exploration PLC on Tuesday said it has submitted an early information memorandum to potential lenders for the Sea Lion project in the Falkland Islands.
Wednesday, July 31st 2019 - 09:46 UTC
Maduro and Guaidó desperate: Venezuela on the verge of losing Citgo to an arbitration award

Venezuela could lose its largest U.S. asset after a court allowed a Canadian gold miner to seize shares of Citgo Petroleum Corp.’s parent to satisfy an arbitration award.
Tuesday, July 30th 2019 - 09:47 UTC
World's largest dam and energy deal triggers a major political scandal in Paraguay

Paraguay's foreign minister and three other officials resigned on Monday amid a growing scandal over the signing of an energy deal with Brazil, a blow to President Mario Abdo who has forged close ties with Brazil, Latin America's No. 1 economy.
Friday, July 26th 2019 - 09:56 UTC
Brazil's highest court orders Petrobras to refuel two Iranian grain vessels

Brazil’s top court on Thursday ordered state-run oil company Petrobras to refuel two Iranian grain vessels stranded on the Brazilian coast due to U.S. sanctions holding up sales of fuel needed for their return trips.
Friday, July 26th 2019 - 09:49 UTC
Petrobras sells off a majority share of its distribution branch

Brazilian oil giant Petrobras says it’s already sold off its majority share in its fuel distribution branch, and hopes the total sale will raise about US$ 2.5 billion. Petrobras said on Wednesday it now has a 41.25% stake in the Petrobras Distribuidora unit, down from the 70% before the sale started Tuesday.
Friday, July 26th 2019 - 09:44 UTC
YPF hires an LNG tanker to ship Vaca Muerta shale gas to global markets

Argentina's YPF said on Thursday it reached a preliminary agreement with Texas-based Excelerate Energy to hire an LNG tanker for shipping cargoes to global export markets, as the state-backed energy company seeks to offload a growing surplus of shale gas production.
Wednesday, July 24th 2019 - 23:55 UTC
Rockhopper divests from Egypt to concentrate in the Falklands' Sea Lion project

Oil and gas exploration firm Rockhopper Exploration, with interests in the Falklands and preparing to advance with the Sea Lion project, has agreed to sell its assets in Egypt to United Oil & Gas in a US$ 16m deal. The sale of Rockhopper Egypt includes a non-operated 22% interest in the Abu Sennan concession onshore Egypt and the existing assets of the business.
Wednesday, July 24th 2019 - 09:59 UTC
“Electromagnetic attack” behind massive power cut, Venezuelan minister explains

Venezuela's Communication and Information Minister Jorge Rodriguez Tuesday revealed that according to preliminary inquiries, the probable cause of the massive blackout on Monday, which hit most parts of Venezuela, including the capital Caracas, was “an electromagnetic attack.”