Energy & Oil

• Saturday, October 1st 2022 - 10:50 UTC

  Rockhopper/Navitas plans to develop Falklands' Sea Lion offshore project in late 2023 or 2024

  

  Falklands upstream firm Rockhopper Exploration said a final investment decision (FID) on the Falkland Islands project Sea Lion should be taken by end-2024 the latest. Officials are working on a lower upfront cost project and seeking financing.

• Friday, September 30th 2022 - 10:02 UTC

  Price of gasoline to fall in October, diesel and cooking gas remain stable in Uruguay

  

  Uruguayan authorities ordered a reduction in the price of gasoline at pumps of UY$ 3 (US$ 0.073) per liter effective Oct. 1 while diesel and cooking gas will remain unchanged, it was announced in Montevideo.

• Friday, September 30th 2022 - 09:56 UTC

  Argentina launches Sustainable Transportation Plan

  

  The Government of Argentina Thursday launched the National Sustainable Transportation Plan aimed at achieving 2030 goals regarding energy transition for passenger, cargo, and private vehicles.

• Thursday, September 29th 2022 - 10:04 UTC

  Brazil: drop in price of jet fuel announced

  

  Brazil's state-run oil company Petrobras Wednesday announced a 0.84% reduction in the sales prices for distributors of jet fuel starting Saturday. It is the third consecutive drop following a 10.4% one earlier this month after August's 2.6%.

• Wednesday, September 28th 2022 - 17:50 UTC

  Moscow claims Biden behind gas pipeline emergencies in Europe

  

  Russian Foreign Ministry Spokeswoman Maria Zakharova said US President Joseph Biden should account for his country's possible involvement in separate gas pipeline emergencies reported between Sept. 25 and 26.

• Friday, September 23rd 2022 - 10:10 UTC

  England announces pause in “fracking moratorium” to bolster energy security

  

  The UK government on Thursday lifted England's moratorium on the fracking process to extract oil and gas, saying the move aims to shore up energy security as Russia cuts gas deliveries amid tensions over its invasion of Ukraine and the intensification of the war.

• Thursday, September 22nd 2022 - 09:35 UTC

  Germany to nationalize gas giants to secure energy supplies and war in Ukraine

  

  Germany is to nationalize gas giant Uniper to secure energy supplies amid the war in Ukraine. The deal will see the German government take on a 98.5% stake in the firm at a cost of €8.5bn (£7.4bn).

• Tuesday, September 20th 2022 - 10:19 UTC

  Iran trying to recover the Chinese oil market share which Russia has taken over

  

  Iran is reportedly gearing up to slash the price of its sanctioned crude oil stored offshore Singapore, in an attempt to recover the China market from Russia, reports The Straits Times quoting local industry sources.

• Monday, September 19th 2022 - 09:37 UTC

  Puerto Rico powerless as Hurricane Fiona makes landfall

  

  Puerto Rico has been left without electricity as Hurricane Fiona made landfall with winds of up to 160.9 kilometers per hour, amid residents fearing an encore of the devastation left by Hurricane Maria in 2017. US President Joseph Biden declared a state of emergency on the island.

• Friday, September 16th 2022 - 09:37 UTC

  Drilling in search of oil in Paraguay to continue

  

  Despite previous comments that there was no commercial oil available in Paraguay's soil, President Energy is to drill its third well in the Chaco region, it was announced Thursday.