Energy & Oil

• Saturday, March 2nd 2024 - 10:40 UTC

  Strengthening Celac key to avoid return to colonial order, Bolivian president says

  

  Bolivian President Luis Arce Catacora said Friday in Kingstown (St. Vincent and the Grenadines), said that strengthening the Community of Latin American and Caribbean States (Celac) and every regional integration space was the only alternative to war to fend off any foreign interference seeking the return to the “already outlawed” colonial order. He made those remarks during his speech at the 8th Celac Summit.

• Thursday, February 29th 2024 - 11:31 UTC

  Uruguay signs MOU to produce green hydrogen locally

  

  The Government of Uruguay Wednesday signed a memorandum of understanding (MOU) with the company HIF for the building of a green hydrogen plant in the department (province) of Paysandú. The US$ 6 billion investment is expected to generate some 3,000 jobs.

• Wednesday, February 28th 2024 - 17:55 UTC

  Uruguay first two months 2024 with 100% renewable energy generation and surplus to export

  

  Uruguay managed during the first two months of this year 100% renewable energy generation and had sufficient surplus to supply neighbors Argentina and Brazil, making the local government-owned power company, UTE, the major single exporting company. The information was supplied by the Electric Market Administrators, ADME, which confirmed that 100% of electricity generation is from renewable sources.

• Wednesday, February 28th 2024 - 10:59 UTC

  Argentina: Feud with Patagonian provinces not settled despite judiciary ruling

  

  A Federal Judge in Rawson ruled Tuesday that the national government of Argentine President Javier Milei should have not withheld the so-called co-participation funds owed to the province of Chubut. Nevertheless, Buenos Aires will reportedly take the case to the federal Supreme Court. Hence, the matter is far from settled.

• Monday, February 26th 2024 - 11:44 UTC

  Patagonian governors threaten to cut oil and gas output

  

  The Governors of Argentina's Patagonian provinces said Sunday that they would cut oil and gas output starting Wednesday if Chubut's funds are not wired by then from the federal administration of President Javier Milei. The announcement was made after Governors Ignacio Torres (Chubut), Gustavo Melella (Tierra del Fuego), Sergio Ziliotto (La Pampa), Claudio Vidal (Santa Cruz), Rolando Figueroa (Neuquén), and Alberto Weretilneck (Río Negro) convened to join forces.

• Monday, February 26th 2024 - 04:18 UTC

  UK goes full Net Zero: quits treaty allowing companies to sue green economy policies

  

  Calling it “outdated” the United Kingdom has withdrawn from an international treaty that lets fossil-fuel companies sue governments pursuing climate policies for billions in compensation for lost profits.

• Saturday, February 24th 2024 - 10:24 UTC

  Argentina: Chubut Governor threatens to cut oil supply if federal funds are withheld

  

  Chubut Governor Ignacio Torres Friday warned Argentine President Javier Milei that his province would stop exporting oil if the federal administration insisted on “improperly withholding half of the [so-called] co-participation” funding. “If on Tuesday there is no resolution from the courts, we will not export even one more barrel of oil,” threatened Torres, whose stance was endorsed by several fellow governors and also by Buenos Aires Mayor Jorge Macri.

• Thursday, February 15th 2024 - 11:00 UTC

  Falklands' Borders & Southern Petroleum with new CEO at end of the month

  

  Falkland Islands oil exploring company, Borders & Southern Petroleum plc announced that Howard Obee has informed the Board that he intends to stand down as Chief Executive Officer.

• Tuesday, February 13th 2024 - 11:42 UTC

  Surplus from electricity exports benefits Brazilian customers

  

  Brazil totaled a surplus of R$ 888 million (US$ 179.26 million) from electricity sales to neighboring countries, which helped President Luiz Inácio Lula da Silva's administration ease the burden on Brazilian consumers, Agencia Brasil reported.

• Tuesday, February 13th 2024 - 10:55 UTC

  Trinidad and Tobago does not rule out foreign help to deal with oil spill

  

  Authorities in Trinidad and Tobago are not ruling out seeking international help to clean up the oil stain from a mysterious capsizing ship that is heavily affecting tourism and the environment along 15 kilometers of beaches there, Agencia Brasil reported.