A five point policy roadmap with the purpose of ensuring United States leadership in energy, protecting consumers and reducing inflation, elaborated by the American Petroleum Institute, API, has been addressed to incoming president Donald Trump and the next Congress.
The impoverished South American country of Guyana is emerging as a major international oil producer and exporter. The former British colony is expected to become not only South America’s top oil producer but a key driver of world petroleum supply growth. The country has also become one of the fastest growing economies in the region, according to the World Bank and the Inter-American Development Bank
Bolivia's State-run oil company YPFB announced Tuesday that it had restored fuel shipments to the levels before the 24-day road blockade by former President Evo Morales followers, which disrupted supply and caused a nationwide crisis. YPFB explained that 7 million liters of gasoline and the same amount of diesel were distributed, thus ending the long queues at petrol stations that had become a common sight in recent weeks.
Paraguayan President Santiago Peña Tuesday shared a video message on social media saying he had fully recovered from Monday's health crisis that had him hospitalized while attending the G20 Summit in Rio de Janeiro.
Argentina's Economy Minister Luis Toto Caputo and his Brazilian Energy Counterpart Alexandre Silveira signed Monday on the sidelines of the G20 Summit in Rio de Janeiro an agreement whereby gas from Vaca Muerta will be pumped starting next year, reaching 30 million cubic meters per day as from 2030, which is the same volume that South America's largest country used to buy from Bolivia.
Crude oil has become Brazil’s main export product surpassing agribusiness and mining, according to the country’s hydrocarbons company Petrobras CEO Magda Chambriard. Brazil is not also becoming highly dependent on oil exports but also in energy generation.
By Gwynne Dyer - It's hard to imagine a less plausible venue for the annual UN-sponsored conference on climate than the dictatorial petro-state of Azerbaijan. Baku, the capital, has a walled medieval center that's worth a day or two, but offshore the shallow Caspian Sea is littered with a century's worth of old and new oil wells.
Following the public consultation for the Environmental Impact Statement (EIS) for the Sea Lion Field Northern Development Area, Phase 1 and 2, submitted by Navitas Petroleum Development and Production Limited, the Executive Council (ExCo) considered the representations made, responses, and further information at an extraordinary meeting held on Thursday, November 7.
Ecuador's business sectors voiced their concern on Saturday/Sunday about the five-day power outage scheduled for this week in at least three industrial sectors of Quito industrial zones to compensate for the energy shortages affecting the country since September.
Argentina's state-run oil company YPF announced Tuesday that it plans to sell its shares in cooking gas distributor Metrogas to invest those funds in Vaca Muerta. YPF CEO Horacio Marín also outlined before the Inter-American Council of Trade and Production (Cicyp) the strategy to increase by fourfold the company's value over the next four years.