Energy & Oil

• Friday, December 26th 2014 - 00:59 UTC

  Uruguay's Economy Minister skeptical on ARU study

  

  Consumers could have saved as much as US$ 167 million had fuel been imported directly instead of oil being refined by ANCAP. Mario Bergara deems it to be “overblown”

• Monday, December 22nd 2014 - 08:48 UTC

  Oil price may slump to US$ 20... or then again maybe not

  

  Market analysts describes two possible international scenarios. Whichever one prevails will be decisive. But it is not happenning soon.

• 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.