Energy & Oil

• Saturday, December 20th 2014 - 06:33 UTC

  Power cuts hit Buenos Aires as temperature rises

  

  Sweltering heat props up use of air conditioning. 'Specific failures' along the distribution line spark street, social media protests

• Thursday, December 18th 2014 - 21:00 UTC

  Brazil's trade balance to benefit from oil price drop

  

  Central Bank President Alexandre Tombini sees the bright side of the international trend that is causing many others a headache, because the country is a net petroleum importer.

• Thursday, December 18th 2014 - 18:12 UTC

  Oil price tumbles after OPEC releases 2015 forecast

  

  The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC's latest forecast. And that's just one of several sour estimates.

• Wednesday, December 17th 2014 - 12:59 UTC

  Uruguay receives IDB credit to boost investment in renewable energies

  

  As part of Uruguay long term plan to promote investment in infrastructure and finance investment in electric power plants using renewable energy resources, essentially wind and solar so as to diversify the country energy mix and cut CO2 emissions, the country will be receiving a 250 million dollar credit line from the Inter American Development Bank, IDB.

• Wednesday, December 17th 2014 - 07:27 UTC

  YPF money helps Repsol by over Canadian Talisman

  

  The largest international deal by a Spanish company in the last five years, props up shares despite plummetting international oil prices.

• Saturday, December 13th 2014 - 04:37 UTC

  Brazil confident since pre-salt oil is profitable 'even at 60 dollars a barrel'

  

  The head of Brazil's National Petroleum Agency, Magda Chambriard said that the country's oil production projects remain 'robust' even as international prices for crude continue to tumble. She underlined that the pre-salt projects of Brazil along ist coast resist prices as low as 60 dollars a barrel.

• Friday, December 12th 2014 - 21:49 UTC

  Dutch oil platform leasing company cutting 11% of global workforce

  

  Dutch oil platform leasing company SBM Offshore is cutting 1,200 jobs, or slightly more than 11% of its global workforce, as part of a cost-saving program.

• Friday, December 12th 2014 - 06:16 UTC

  Financial aid from Brazilian government for scandal-hit Petrobras

  

  Brazil's government is wrapping up a financing plan for Petrobras aimed at ensuring the scandal-hit state-controlled oil giant can obtain the funding it needs for its massive investment program.

• Thursday, December 11th 2014 - 12:46 UTC

  Falling world oil prices shatter Argentine stocks for second day running

  

  Argentine stocks closed down 6.85% Wednesday, weighted down by falling oil prices for a second day of heavy losses. As oil prices sank to new five-year lows, the Merval stock index in Buenos Aires shed more than 600 points to 8,279.04, after losing 7.22% Tuesday.

• Thursday, December 11th 2014 - 12:04 UTC

  Malaysia's Petronas and YPF sign 550 million deal to develop shale deposits in Patagonia

  

  YPF SA and Petroliam Nasional Bhd, state-controlled companies from Argentina and Malaysia, signed a 550 million dollars deal to drill fields at the world’s fourth-largest shale oil deposit in Patagonia’s Vaca Muerta, south Argentina.