Energy & Oil

Thursday, May 17th 2018 - 18:02 UTC
IEA: High Oil Prices “Taking A Toll” On Demand

Geopolitics has taken over the oil market, driving oil prices up to three-year highs. The inventory surplus has vanished, and more outages could push oil prices up even higher. Yet, there are some signs that demand is starting to take a hit as oil closes in on $80 per barrel.
Monday, May 14th 2018 - 08:27 UTC
UK sponsors seminar on “Innovation in the lithium supply chain” at Chile's Mining Fair

The British Embassy in Santiago and the Infrastructure and Energy Sector at the Inter-American Development Bank (IDB) organized during Chile's Expomin 2018 Mining Fair the international seminar, “Innovation in the lithium supply chain. Views from Latin America and the United Kingdom”. Britain participated with a pavilion at Expomin, which is the largest mining exhibition in the Latin-American region.
Monday, May 14th 2018 - 08:05 UTC
UK present at Chile's Expomin 2018, with a display of British expertise in mining

The Santiago office of the Department for International Trade (DIT) and the British Embassy participated at Expomin 2018, as part of the Embassy’s campaign to support British companies in the mining sector. This is the second time that the UK has attended and participated with a British Pavilion.
Saturday, May 12th 2018 - 09:37 UTC
Leading global oil companies interested in Argentina offshore blocks auction

Oil firms, including Norway’s Statoil, U.S.’ Anadarko Petroleum Corp, China’s CNOOC and Malaysia’s Petronas, have shown interest in Argentina’s auction this year of offshore blocks for exploration and production, the country’s energy minister said.
Saturday, May 12th 2018 - 07:31 UTC
Falklands' Premier Oil figures commissioning three FPSOs in next seven years, reports GlobalData

South America, including the Falkland Islands, has the highest number of planned and announced floating production, storage, and offloading units (FPSOs) to be commissioned by 2025, according to a report by GlobalData. World wide 74 planned and announced FPSOs are set to become operational for the outlook period between 2018 and 2025.
Tuesday, May 8th 2018 - 08:14 UTC
Oil rises to US$ 70 a barrel, ahead of Trump's Tuesday decision on sanctions to Iran

Oil prices rose for the fourth straight day on Monday to hit levels not seen since late 2014, boosted by the latest trouble for Venezuelan oil company PDVSA and the possibility that the United States could re-impose sanctions on Iran.
Saturday, May 5th 2018 - 09:15 UTC
When Will Electric Cars Take Over The Roads?

The age of the electric vehicle (EV) will be here sooner than you think.
Wednesday, May 2nd 2018 - 08:31 UTC
Petrobras increases offshore production: plans an extra million bpd output next year

Brazil’s state-controlled Petrobras expects oil production to start by the end of June at its Tartaruga Verde e Mestica offshore platform, the second of seven facilities planned to be installed this year, a company executive said on Monday.
Monday, April 30th 2018 - 08:11 UTC
UK crackdown on money laundering: SLPs channeled US$ 80bn out of Russia

The UK Government is to launch a new crackdown on money laundering amid warnings that a century old business scheme designed to help Scottish farmers is being exploited by foreign criminals. Scottish limited partnerships (SLPs) were first created in 1907 for farm holdings, but ministers say their legal structure makes them attractive money laundering vehicles for international crime groups.
Saturday, April 28th 2018 - 11:10 UTC
US oil company wins arbitration and Venezuela's PDVSA must pay US$ 2.04bn

An international arbitration court has ordered Venezuela’s oil company PDVSA to pay ConocoPhillips US$ 2.04 billion for early dissolution of two joint ventures for producing oil in the OPEC-member country, the U.S. firm said.