Energy & Oil

Tuesday, December 13th 2022 - 09:14 UTC
Guyana opens offshore oil bidding round to diversify explorers and expand the state role

The Cooperative Republic of Guyana opened a bidding round for 14 oil and gas blocks in its oil-rich offshore, hoping to award exploration contracts by the end of May. Guyana has become home to one of the largest oil discoveries in the last decade, with about 11 billion barrels of oil and gas found by a consortium led by Exxon Mobil.
Tuesday, December 13th 2022 - 00:55 UTC
Argentine offshore prospective oil drilling makes official start

Argentina's Energy Secretariat Monday declared the official beginning of the so-called Argerich Project, which consists of the installation of an exploratory well 300 kilometers off the coast of Mar del Plata, marking the commencement of offshore oil exploration in the Atlantic Ocean.
Sunday, December 11th 2022 - 08:46 UTC
Falklands Government extends Borders & Southern production licenses

Oil and gas company Borders & Southern Petroleum with interests in the Falkland Islands announced this week it had secured the extension of its Production Licenses PL018, PL019, PL020, including the Darwin Discovery Area, according to reports in London's financial media.
Saturday, December 10th 2022 - 10:21 UTC
Electric car company signs dealership agreement in Chile

Astara Chile signed an alliance with BYD whereby the Spanish distributor will market and distribute BYD electric passenger vehicles in the South American country starting in the first quarter of 2023, it was announced this week in Santiago.
Thursday, December 8th 2022 - 17:15 UTC
New Mexico set to overtake Mexico's crude oil production this month

The state of New Mexico is expected to overtake Mexico’s crude oil production in the current month, according to commodity analysts projected report at Standard Chartered.
Thursday, December 8th 2022 - 17:08 UTC
Falklands: Household power and fuel assistance a non taxable allowance

At a special Falkland Islands Executive Council meeting held on 1 December, it was confirmed that the Household Power and Fuel Allowance will be treated as a non-taxable allowance.
Thursday, December 8th 2022 - 10:13 UTC
US and UK announce partnership to boost energy security and bring down prices

With the purpose of bringing down global energy prices and boost energy security, United States and the United Kingdom have agreed on a new energy partnership.
Wednesday, December 7th 2022 - 12:26 UTC
Cheaper gasoline and diesel fuel prices in Brazil

Brazil's oil and gas giant Petrobras started implementing a reduction in fuel prices at its refineries gates, effective this week. Gasoline price with being reduced 6,1% from R$ 3,28 to R$ 3,08, while A diesel on average will be dropping from R$ 4,89 to R$ 4,49, equivalent to an 8,2% rebate.
Tuesday, December 6th 2022 - 09:50 UTC
Argentine court okays offshore oil activities

An Argentine court of appeals Monday lifted an injunction order from a lower magistrate, thus clearing the way for offshore oil drilling off Mar del Plata, but it demanded a “maximum level of control in the operations.”
Tuesday, December 6th 2022 - 08:17 UTC
US gasoline prices at the pump could fall under US$ 3 per gallon by Christmas

United States gasoline prices have declined on average 16 cents to US$ 3,403 a gallon, while gas prices have declined 43 cents over the past 30 days, and are US$ 1.01 cents higher than a year ago.