The Bolivian government has rejected predictions that the country will cease to be an exporter of natural gas and become a net importer by 2030. The government has said it has plans to invest some US$ 325 million in exploration and extraction in new wells by the country's hydrocarbons company, YPFB, Yacimientos Petroliferos Federales de Bolivia.
Mining industry exports from Argentina last year increased in value but suffered a drop in volume as a consequence of the high international prices, a report from the Economic Sectors Research, IES, indicates.
The Federal Court of Appeals of Mar del Plata turned down an appeal filed by Mayor Guillermo Montenegro and various environmental organizations to cancel the offshore oil exploration project involving YPF, Equinor, and Shell. The undertaking is expected to yield some US$ 20 billion in exports annually.
Former Senator and energy consultant, Jean Paul Prates is Brazil's oil giant Petrobras new Chief Executive, marking a clear difference from the previous administration rapidly reflected in the Sao Paulo stock exchange where company shares dropped more than 3% on Thursday
The United Kingdom car production fell to its lowest level since 1956 in 2022 as output was hit by global shortages of semiconductor chips, figures show. A total of 775,014 cars were built in 2022, down 9.8% from the 859,575 made during the previous year, the Society of Motor Manufacturers and Traders (SMMT) said.
Soaring gas prices in 2022 means that the Norwegian Tax Administration will collect a record US$ 89,5 billion, triple the previous record of 2021, according to the tax revenue office. Likewise it has revised upwards petroleum revenue by 20%.
King Charles III has requested that the annual profits from his wind farm deal be directed towards helping the cost of living crisis in the UK rather than support the royal family, the Crown Estate confirmed this week.
Uruguay's state-run oil company Ancap plans to set up a charging station for electric vehicles in Paysandú, right beside the international bridge leading to Colón in the Argentine province of Entre Ríos, in a move to promote sustainable international travel in the near future, according to the website Surtidores citing company Vice President Diego Durand.
Viking Neptune, the company’s newest ocean liner, was named during a ceremony in Los Angeles. Nicole Stott, a retired NASA astronaut, aquanaut, and artist, gave the ship a blessing of good fortune and safe sailing as part of the occasion.
Venezuela's PDVSA announced it was suspending most of its crude oil exports to review the contractual terms. The review aims to make sure there will be no payment defaults, pointing out that the imposition of U.S. sanctions on the trade in Venezuelan,