Energy & Oil

Monday, March 27th 2023 - 10:11 UTC
Falklands Sea Lion development offshore could be reached next year, estimates Rockhopper Exploration

A final investment decision for the long-stalled Sea Lion development offshore the Falkland Islands could be reached in 2024, Rockhopper, a partner in the project announced in its site, after Navitas Petroleum, the project operator, presented it with an updated development plan.
Sunday, March 26th 2023 - 14:32 UTC
Borrell warns lithium can make Latin America the “new Persian Gulf”

The European Union's High Representative for Foreign Policy Josep Borrell said during an interview in Santo Domingo where he is attending the XXVIII Ibero-American Summit that Latin America is underestimated when it has the potential of becoming the “new Persian Gulf.”
Wednesday, March 22nd 2023 - 10:16 UTC
Maduro appoints new Petroleum Minister

Venezuelan President Nicolás Maduro Tuesday appointed Col. Pedro Tellechea as the new Minister of Energy and Petroleum.
Tuesday, March 21st 2023 - 10:10 UTC
Venezuelan oil minister resigns amid corruption scandal

Venezuelan Oil Minister Tareck El Aissami Monday resigned his post on Monday after the opening of a corruption investigation involving the state-owned oil company Petróleos de Venezuela (PDVSA) in which two officials have already been arrested. El Aissami, a powerful ally of President Nicolás Maduro, has been singled out by the United States as an alleged drug lord.
Tuesday, March 21st 2023 - 09:47 UTC
Argentine electricity company under intervention for 180 days

Following seemingly endless power cuts in the Buenos Aires area, Federal Economy Minister Sergio Massa ordered the intervention of suppliers Edesur and appointed Jorge Ferraresi as the company's new controller for a period of 180 days.
Friday, March 17th 2023 - 00:44 UTC
With the collapse of Credit Suisse, oil prices continue to slide, 10% in a week

Oil prices continued their slide on Wednesday after another banking fallout unsteadied the market further. WTI plunged 4.21% on Wednesday, falling below US$ 70 for the first time since December 2021 to US$ 68.33 per barrel ET. Brent Crude fell over 3.94% to US$ 74.40, for a loss of US$ 3.05 per barrel.
Friday, March 17th 2023 - 00:20 UTC
UN chief Guterres accuses oil and gas companies of making “immoral profits”

UN Secretary-General Antonio Guterres accused oil and gas companies of making “excessive” profits from the energy crisis sparked by the war in Ukraine, calling it “immoral.” Guterres, releasing a UN report on the consequences of Russia's invasion of Ukraine, urged governments to tax the companies' earnings.
Thursday, March 16th 2023 - 06:57 UTC
Week-long power cuts hit 100,000 households in Buenos Aires

Residents of the Autonomous City of Buenos Aires (CABA) took to the streets Wednesday after days without electricity amid sweltering heat with no end in sight to their plight.
Wednesday, March 8th 2023 - 10:05 UTC
Argentina clinches CAF loan for gas pipeline development

Argentina has secured a US$ 840 million loan from the Development Bank of Latin America (CAF), which will be largely allocated to the construction of the “President Néstor Kirchner” gas pipeline, it was announced Tuesday.
Thursday, March 2nd 2023 - 08:09 UTC
Power cut hits nearly 40% of Argentine households

About 40% of Argentine households were reported to have been left powerless Wednesday afternoon amid unprecedented heat following “several failures in the interconnected system” stemming from a fire that “disturbed a 500 kw high voltage line that connects Campana with General Rodríguez” in the province of Buenos Aires, according to local media.