Energy & Oil

• Tuesday, January 2nd 2018 - 07:27 UTC

  New Year in Uruguay begins with a raft of goods and services price increases

  

  New Year has taken off in Uruguay with a raft of utilities' rates increases which includes power, fuels, drinking water, telecommunications, urban bus fares, plus extra taxes on tobacco and gambling. Inflation in the twelve months to November was 6.30%.

• Sunday, December 31st 2017 - 10:32 UTC

  Temer paves the way for the privatization of jumbo power company Electrobras

  

  Brazilian President Michel Temer signed a measure that paves the way for the privatization of Eletrobras, Latin America’s largest power company, according to a government official.

• Sunday, December 31st 2017 - 10:12 UTC

  Legendary Jumbo phased out from US passenger service

  

  Delta Air Lines was the last company to retire the Boeing 747 to replace it with smaller and more fuel efficient aircraft

• Saturday, December 30th 2017 - 11:49 UTC

  Fire in the Venezuela’s biggest refinery

  

  A fire was registered late Friday at the Refining Complex of Amuay, northwest of Venezuela. The accident baddly affected a distiller. El secretary of the Petroleum’s workers federation, Iván Freites, denounced irregularities due to the lack of maintenance and investment in the oil industry by the State’s PDVSA

• Thursday, December 28th 2017 - 10:15 UTC

  YPF reaches agreement and will pay US$ 114m on a conflict from 2009

  

  Argentina's state-owned oil company YPF will pay US$ 114 million to Transportadora de Gas del Mercosur (TGM) to end a conflict that began in 2009 when the company suspended the shipment of natural gas.

• Thursday, December 28th 2017 - 10:03 UTC

  Brazil creates National Mining Agency to promote and regulate the industry

  

  Brazil's President Michel Temer has approved a law to create a National Mining Agency (ANM), according to a statement published in Wednesday's edition of the country's official gazette.

• Wednesday, December 27th 2017 - 10:44 UTC

  Brazil is the world's ninth largest producer of hydrocarbons

  

  Brazil has produced 3.3 million barrels per day (b/d) of petroleum and other liquids so far in 2017, according to data through August, up from 3.2 million b/d in 2016, making it the ninth-largest producer of petroleum and other liquids in the world. Production of crude oil in Brazil increased in recent years as producers targeted large, offshore, pre-salt oil deposits. Brazil’s pre-salt oil production in 2016 reached a record 1.02 million b/d, surpassing the 2015 production level by 33%.

• Saturday, December 23rd 2017 - 09:46 UTC

  Chemicals less and less effective against Asian rust in Brazil's soybean fields

  

  Over almost two decades, a plant disease known as Asian rust has infiltrated soybean fields across Brazil -- the world’s biggest exporter of the versatile oilseed used in countless consumer products. But the pathogen has become so resistant to chemicals meant to kill it that many farmers spray several times during their growing seasons, and still endure output losses.

• Saturday, December 23rd 2017 - 09:40 UTC

  Boeing's interest in Embraer conditioned by the Brazilian government

  

  United States manufacturer Boeing Co sought to calm Brazilian concern about a potential tie-up with Embraer SA after President Michel Temer and other officials warned they would veto any full takeover bid for the regional jet maker.

• Tuesday, December 19th 2017 - 11:38 UTC

  Venezuela awards Russia's Rosneft two major offshore gas fields

  

  Venezuela has awarded licenses to a unit of Russian oil major Rosneft to develop two offshore gas fields, Rosneft said in a statement.Venezuelan President Nicolas Maduro signed the deal during a visit to Venezuela by Rosneft CEO Igor Sechin, it said.