Energy & Oil

• Monday, December 26th 2022 - 10:14 UTC

  Solar energy use grows at a record pace in Brazil

  

  Monetary savings when compared to electricity stemming from other sources reaches up to 90%, Agencia Brasil reported Sunday about the increasing use of solar energy in South America's largest country.

• Monday, December 19th 2022 - 08:10 UTC

  Uruguay: ANCAP's boss foresees price drop at pumps

  

  Uruguay's state-run oil company ANCAP President Alejandro Stipanicic said the price of fuel at pumps should be adjusted downward shortly after such a trend has been registered for several weeks in the international market.

• Friday, December 16th 2022 - 12:51 UTC

  Italian contractor to build oil offshore structure, 2,000 meters deep in Guyana's profitable Stabroek block

  

  Saipem, the Italian energy industry services company, has secured offshore oil and gas field construction contracts in Guyana and Egypt worth some US$ 1.2 billion in total

• Tuesday, December 13th 2022 - 09:26 UTC

  Falklands' household Power and Fuel Allowance payments

  

  The Falkland Islands government Household Power and Fuel Allowance (HFPA) administrative team would like to inform the public that, all applicants who received a letter confirming their successful application for this allowance will receive their December payment from Monday 12 December.

• 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.