Energy & Oil

• Wednesday, January 31st 2018 - 19:51 UTC

  Falklands holds consultation on Premier Oil environmental impact statement

  

  An Environmental Impact Statement (EIS) has been submitted to the Falkland Islands Government by Premier Oil Exploration and Production Limited. The EIS covers the proposed development activity for Phase 1 of the offshore Sea Lion oilfield, located in the North Falklands Basin approximately 120 miles to the north of the Falkland Islands.

• Tuesday, January 30th 2018 - 10:00 UTC

  Petrobras to join the Oil and Gas Climate Initiative

  

  The Oil and Gas Climate Initiative (OGCI) and Petrobras announced that the Brazilian company will join the initiative. This commitment is subject to the approval of the OGCI Climate Investments Members’ Agreement by the Petrobras board of directors.

• Monday, January 29th 2018 - 11:11 UTC

  Punta Arenas moves into alternative energy and plans wind farm to supply 6.000 homes

  

  Magallanes Region in the extreme south of Chile is taking advantage of its weather conditions and will convert its wind gusts into energy. With some six million dollars from the National Fund for Regional Development and in coordination with Chilean government owned oil company Enap, a wind farm will be installed in Cabo Negro during the second half of the year.

• Thursday, January 25th 2018 - 09:42 UTC

  Enap Sipetrol acquires offshore block at the Austral basin, Santa Cruz province

  

  Chile's Enap Sipetrol has acquired an offshore block, Octans Pegaso, on the Argentine continental shelf off the coast of Patagonia province of Santa Cruz. The block covers 886 square kilometers and is 20kms off Santa Cruz coast at its closest point to land. It was purchased from the consortium made up of Total Austral (35%), Wintershall (35%) and ENI (30%).

• Friday, January 19th 2018 - 09:39 UTC

  EU lifts anti-dumpling duties imposed on Argentine bio-diesel, as indicated by WTO

  

  European Union ambassadors agreed on Thursday to withdraw an appeal to the European Court of Justice meaning the bloc will have to accept its verdict annulling anti-dumping duties imposed on imports of biodiesel from Argentina and Indonesia.

• Thursday, January 18th 2018 - 09:36 UTC

  Brazil willing to admit US ethanol, if US opens market to fresh beef exports

  

  Brazil is studying the removal of a 20% tariff on ethanol imports from the United States, Agriculture Minister Blairo Maggi said on Wednesday, in a decision that could depend on Washington lifting a ban on fresh beef exports from Brazil. Last year, Brazil imposed a 20% tax on ethanol imported from the U.S. that exceeds a 600 million liter annual quota to protect local producers as imports spiked.

• Wednesday, January 17th 2018 - 22:37 UTC

  Falklands' lawmaker in Guyana to discuss self determination and border controversies

  

  Falkland Islands lawmaker MLA Ian Hansen made on Wednesday a courtesy call on Guyana's Minister of State Joseph Harmon at his office in the Ministry of Presidency, in Georgetown, the country's capital.

• Wednesday, January 17th 2018 - 08:37 UTC

  Uruguayan farmers surprise government and take to the roads to protest fiscal policies

  

  Uruguayan farmers with their tractors, harvesters, trucks, vans and on horseback took to the roads to protest the cost of fuel, power, increased taxes and an over bloated national budget and bureaucracy which they blame for making several farm activities unprofitable, and have had an overall negative impact for the different camp activities.

• Friday, January 12th 2018 - 07:39 UTC

  Falklands: Rockhopper satisfied with advance of Sea Lion project

  

  Rockhopper Exploration said the Sea Lion phase 1 project in the North Falkland Basin was moving towards sanction at the end of 2018. London-listed Rockhopper said project partners had been focusing on securing the US$1.5billion of capex required to achieve first oil.

• Tuesday, January 9th 2018 - 10:08 UTC

  Sixth major oil find offshore Guyana at the Stabroek block

  

  For the sixth time Exxon and partners at the Stabroek block offshore Guyana are celebrating another major find in northern South American waters. In effect, Ranger-1 exploration well, the sixth find since discovering Liza in 2015, hit approximately 70m of high-quality, oil-bearing carbonate reservoirs some 60mi northwest of the Liza development.