Energy & Oil

• Wednesday, April 25th 2018 - 08:59 UTC

  Brazilian company buys Shell downstream assets in Argentina

  

  Brazil’s Raizen Combustiveis SA agreed to buy downstream assets in Argentina from Royal Dutch Shell for US$ 950 million, according to a securities filing on Tuesday. Raízen Combustiveis, a joint venture between Brazil´s Cosan SA Indústria e Comércio and Shell, will have a 20% market share in fuel distribution in Argentina.

• Tuesday, April 24th 2018 - 08:42 UTC

  Brazil poised for historic oil boom

  

  By Mathew Smith<br />
  <br />
  After being caught up in major corruption scandals and suffering from what some have claimed was its worst economic downturn in 100-years, Brazil has pulled itself back from the brink. The economy commenced growing again in 2017 with gross domestic product (GDP) expanding by 1 percent and 2018 GDP growth forecast by the International Monetary Fund (IMF) to be 2.3%.

• Thursday, April 19th 2018 - 08:12 UTC

  Drilling near the mouth of the Amazon banned by Brazil's environmental regulator

  

  The public prosecutor’s office in the northern state of Amapá recommended on Wednesday that Brazil’s environmental regulator Ibama deny French major Total a license to drill for oil near the mouth of the Amazon.

• Thursday, April 12th 2018 - 07:57 UTC

  Icebreaker Irizar returns from its first Antarctica campaign in ten years

  

  Argentina's icebreaker Almirante Irizar is back in Buenos Aires at the end of its first Antarctic campaign in ten years, following the fire that almost knocked the Finnish built vessel out of action. She left on 26 December and completed 107 days in the high seas and Antarctica's ice.

• Tuesday, April 10th 2018 - 08:55 UTC

  Temer names trusted official a Mines and Energy minister, ahead of decisive privatizations

  

  Brazil’s President Michel Temer named Wellington Moreira Franco to take over the Mines and Energy Ministry, a key portfolio that includes overseeing the proposed privatization of Centrais Eletricas Brasileiras SA (Eletrobras).

• Sunday, April 8th 2018 - 21:16 UTC

  What does the new Falklands ‘Islands Plan’ mean for South America?

  

  Over the past decade it is has become customary for a newly elected Legislative Assembly in the Falkland Islands to publish an ‘Islands Plan’. As there are no political parties in the Falkland Islands, all eight members of the Assembly are independents. Therefore there is no collective manifesto when elected to office. This has traditionally been addressed via a consensus-based Islands Plan.

• Friday, April 6th 2018 - 09:31 UTC

  Chile and Argentina open offshore project, east of Magellan Strait to increase gas and oil production

  

  The state-run energy firms of Chile and Argentina said on Wednesday they had inaugurated a US$ 354 million project to increase production of natural gas off the southern tip of South America.

• Thursday, April 5th 2018 - 09:29 UTC

  Falklands included in Italy's Edison divesting of its oil and gas unit

  

  Italian energy group Edison, part of French utility EDF, is preparing the sale of its oil and gas unit, the latest power producer to abandon fossil fuels to focus on its retail business, four industry sources said, and quoted by Reuters. Its oil and gas unit includes interests in the Falkland Islands.

• Wednesday, April 4th 2018 - 08:42 UTC

  Brazil extends oil and gas surveying in southern Campos and Santos Basins

  

  Geoscience data for oil and gas exploration and production company, TGS said it has obtained the Brazil Southern Basins SeaSeep project in the Campos and Santos Basins, offshore Brazil.

• Tuesday, April 3rd 2018 - 18:56 UTC

  The Kirchners' most trusted official caught in the Odebrecht corruption web

  

  An Argentine judge has charged ex president Cristina Fernandez de Kirchner former planning minister in a case involving Brazilian company Odebrecht. Argentina's official Judicial Information Center says that Julio De Vido was charged Tuesday with carrying out incompatible deals while in public office.