Energy & Oil

• Friday, September 16th 2022 - 09:37 UTC

  Drilling in search of oil in Paraguay to continue

  

  Despite previous comments that there was no commercial oil available in Paraguay's soil, President Energy is to drill its third well in the Chaco region, it was announced Thursday.

• Wednesday, September 14th 2022 - 19:52 UTC

  Slight cut in price of Paraguayan fuel labeled insufficient

  

  Paraguay's state-run oil company Petropar has announced a reduction of PYG 250 (US$ 0.036) for liquefied petroleum gas (LPG), marketed under the brand Ñande, and of PYG 150 (US$ 0.022) for 88-octane gasoline known as Kape, effective this coming Friday.

• Wednesday, September 14th 2022 - 09:42 UTC

  Uruguay going through “2nd energy transition,” minister says

  

  Uruguay's Industry Minister Omar Paganini Tuesday said during the traditional rural Expo Prado fair in Montevideo that his country was going through a second energy transition.

• Wednesday, September 14th 2022 - 09:31 UTC

  Argentine province of Rio Negro legislates in favor of oil pipeline

  

  The Argentine province of Rio Negro has rephrased its hydrocarbons law so that oil may be transported through the pipelines to be built in the San Matías Gulf, despite warnings from environmentalist groups, it was reported Tuesday.

• Monday, September 12th 2022 - 10:04 UTC

  Wind energy and green hydrogen projects in Rio Grande do Sul target 13% of power demand

  

  The Brazilian state of Rio Grande do Sul has signed a three-year memorandum of understanding with Neoenergia, a subsidiary of the Spanish giant electricity energy corporation Iberdrola, for the development of offshore wind power, plus a project for the production of green hydrogen.

• Monday, September 5th 2022 - 18:31 UTC

  OPEC to cut down oil output to keep price stable

  

  The Organization of Oil Exporting Countries (OPEC) Monday decided to cut their output of crude and put on sale on international markets 100,000 bpds less daily as fears of a recession keep bringing down the price of crude.

• Monday, September 5th 2022 - 09:29 UTC

  World's largest offshore wind farm is Hornsea project 2, in Yorkshire

  

  The world's largest offshore wind farm is now fully operational, 55 miles off the coast of Yorkshire. The Hornsea 2 project with 165 turbines can generate enough electricity to power about 1.3 million homes - that's enough for a city the size of Manchester.

• Thursday, September 1st 2022 - 18:44 UTC

  Petrobras cuts price of fuel for distributors

  

  Brazil's state-run oil company Petrobras Thursday announced it would reduce the sale price of fuel to distributors from R$ 3.53 (US$ 0.67) to R$3.28 (US$ 0.63) per liter effective Friday.

• Tuesday, August 30th 2022 - 10:16 UTC

  All fuel prices in Brazil down, thanks to Petrobras and tax reductions

  

  A survey from Brazil's National Oil, Gas and Bio-fuels Agency, ANP, showed that the average price for a liter of gasoline in service stations across Brazil had dropped 2,77%, and this way the price is now R$ 5,25 this week, the lowest it has been since February 2021.

• Monday, August 29th 2022 - 19:32 UTC

  YPF announces mega port on Rio Negro's Atlantic shores

  

  Argentina's state-run oil company YPF announced a mega port will be built in Río Negro to export oil from the Atlantic shore.