Energy & Oil

• Monday, October 21st 2024 - 20:15 UTC

  Falklands Government extends Rockhopper's Petroleum Production Licenses to December 2026

  

  Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin announced that, following discussions with the Falkland Islands Government, FIG has agreed to extend all of the Company’s North and South Falkland Basin Petroleum Production Licenses meaning that the licenses will now run until the 31 December 2026.

• Wednesday, October 16th 2024 - 08:25 UTC

  Falklands, Rockhopper Exploration disposes of Italian assets to focus on Sea Lion

  

  Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin (“NFB”), has announced it has put in place an insurance policy to cover the event that the Italian Republic succeeds in its attempt to have the Rockhopper Ombrina Mare Arbitration Award annulled and has also signed a share purchase agreement with Zodiac Energy Limited to exit its other Italian assets.

• Tuesday, October 15th 2024 - 09:00 UTC

  Some 400,000 households still powerless in São Paulo after three days

  

  Given that some 400,000 households in São Paulo were without electricity on Monday after problems caused by a storm last Friday, federal Energy Minister Alexandre Silveira gave suppliers Enel 3 days to fully restore supply, Agencia Brasil reported.

• Monday, October 14th 2024 - 10:38 UTC

  No end in sight for Ecuador's energy crisis

  

  Power shortages in Ecuador are expected to continue for the time being, Energy Minister Inés Manzano warned during the weekend in a video broadcast through social media. “Faced with this situation [of drought] we must maintain the cuts and be responsible,” argued the minister.

• Wednesday, October 9th 2024 - 09:13 UTC

  YPF to relocate Vaca Muerta HQs to Buenos Aires

  

  Argentina's state-run oil company YPF announced Tuesday that it would be opening an operations center in its tower in the exclusive Puerto Madero district in Buenos Aires to run Vaca Muerta. The move is expected to cut costs by 30% and save up to US$ 1.5 billion a year.

• Monday, October 7th 2024 - 08:53 UTC

  Bolivia unloads fuel in Arica where classes are suspended after hydrocarbons smelled in water

  

  The Chilean port of Arica saw 236,000 barrels of fuel unloaded for Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) while the city prepares for two days with no on-site classes as the local drinking water has been deemed unfit for human consumption given its hydrocarbon odor.

• Thursday, October 3rd 2024 - 09:41 UTC

  Falklands Borders & Southern raises £1.5 million to advance development of the Darwin Gas Condensate discovery

  

  Independent oil and gas company, with assets offshore Falkland Islands, Borders & Southern Petroleum, (AIM: BOR) has announced it has raised £1.5 million, before expenses to advance the development of its 100% owned Darwin Gas Condensate discovery offshore the Islands. The Fundraising comprises a placing and a subscription by a majority of the Company's directors.

• Monday, September 30th 2024 - 09:47 UTC

  Bolivia stops gas sales to Argentina, shifts toward Brazil

  

  After terminating the supply to Argentina, Bolivia will up its gas pumping towards Brazil according to an agreement between YPFB and Petrobras. Buenos Aires announced it would no longer be needing Bolivian gas since Vaca Muerta, the second-largest reserve in the world and the fourth-largest oil reserve, guarantees the supply for its domestic market.

• Monday, September 23rd 2024 - 08:55 UTC

  LNG project to go on with or without Petronas, YPF CEO says

  

  Argentina's State-run oil company YPF CEO Horacio Marín admitted that the highly-announced US$ 30 billion joint Liquefied Natural Gas (LNG) venture with Malaysia's Petronas in Patagonia would go ahead despite the Asian partner's alleged intention to withdraw from it.

• Monday, September 23rd 2024 - 08:35 UTC

  Power cuts inevitable in Argentina during next summer

  

  Argentina's Cabinet Chief Guillermo Francos reckoned there might be scheduled power cuts during the summer despite recent fare adjustments that represented a significant increase for most households. He argued that the measure would be the consequence of the lack of investments in recent years.