Energy & Oil

Thursday, October 20th 2022 - 09:44 UTC
Brazilian firm pledges US$ 100 to lithium project in Argentina

Brazil's Unipar has pledged to invest over US$ 100 million in lithium and renewable energies over the next three years in Argentina, it was announced.
Tuesday, October 18th 2022 - 09:35 UTC
Gasoline at pumps in Brazil up again after 15 weeks

Brazil's National Agency of Petroleum, Natural Gas and Biofuels (ANP) said in its weekly report Monday that the price of gasoline at pumps nationwide had gone up 1.47% after 15 weeks of successive drops.
Saturday, October 15th 2022 - 14:48 UTC
Petrobras leaving Argentina to seek more profitable investments

Brazilian oil company Petrobras Friday announced its intention to leave Argentina and has therefore launched the sale of its stake in Posa, its local subsidiary, which holds a 33.6 % of the Río Neuquén Field.
Friday, October 14th 2022 - 20:20 UTC
Mobile green hydrogen plant launched in northern Chile

Chile Thursday launched a mobile green hydrogen plant in Antofagasta to evaluate the country's potential in this regard. The ceremony was attended by President Gabriel Boric Font and Energy Minister Diego Pardow, among other high-ranking officials.
Thursday, October 13th 2022 - 21:01 UTC
Brazil's oil and gas output reaches 3.967 mn bpds

Brazil's oil and natural gas production in the month of August of 2022 reached 3.967 million barrels per day (bpd), the National Agency of Petroleum, Natural Gas and Biofuels (ANP) reported Thursday in the Dynamic Panel of Oil and Natural Gas Production.
Wednesday, October 12th 2022 - 09:43 UTC
France with gasoline and diesel outages because of oil refineries strikes

Industrial conflict in French oil refineries has left many gasoline stations without fuel forcing the government to requisition with a court order, essential workers to staff oil depots of companies in conflict.
Tuesday, October 11th 2022 - 10:55 UTC
Argentina has ten companies in the “bad boys” list for involvement in Falklands oil activities

The Argentine Secretary of Malvinas affairs has included another oil company with interests in the Falklands hydrocarbons industry in the “list of bad boys” for allegedly operating without authorization from Argentina.
Monday, October 10th 2022 - 09:49 UTC
UK National Grid warns of possible rotating three hour blackouts this winter

UK's National Grid has warned that rotating blackouts could happen this winter in the extreme case of gas shortages and reduced electricity imports from Europe. Households could experience a series of three-hour power cuts under this worst case scenario.
Saturday, October 8th 2022 - 10:13 UTC
Colombian president desists from taxing extractive industries

The government of president Gustavo Petro is back stepping from one of his electoral campaign pledges, taxing extractive industries to have Colombia rapidly transit a green, environment friendly economy.
Wednesday, October 5th 2022 - 13:30 UTC
Guyana expected to deliver 810,000 bpd of light sweet crude by 2025

The former British colony of Guyana, to the north of Brazil and on the Caribbean has emerged as one of the continent’s top oil producers and is poised to become a leading global energy exporter. Since 2015 an Exxon Mobil-led consortium has made a swathe of high-quality oil discoveries in offshore Guyana in the 6.6-million-acre Stabroek Block, with the latest announced in July 2022. It is estimated those finds have uncovered nearly 11 billion barrels of recoverable oil resources in the Stabroek Block with further oil discoveries to come.