Energy & Oil

Friday, September 8th 2023 - 10:40 UTC
Argentine President assures Chile a natural gas supply through 2024

Argentine President Alberto Fernández Thursday said his country would guarantee the supply of natural gas to neighboring Chile until Dec. 31, 2024, it was reported in Buenos Aires. With Bolivia's production declining, South America is looking to Vaca Muerta as a possible source, it was also explained. Between January and July, Argentina sold Chile US$ 556 million worth of natural gas, an 86.8% growth from the same period last year.
Tuesday, September 5th 2023 - 10:30 UTC
Populist Bolivia running out of natural gas reserves; northern Argentina supply also threatened

Bolivian president Luis Arce, announced on September 1st. that the country’s natural gas reserves have been depleted, and exports to Argentina and Brazil will be interrupted, leaving a massive hole in the economy of the country.
Monday, September 4th 2023 - 11:08 UTC
Posco pledges US$ 1.7 bn investment in Argentina

Argentine Foreign Minister Santiago Cafiero signed an agreement in Seoul with steel company Posco, whereby the South Korean company will invest US$ 1.7 billion for the production of lithium carbonate in the provinces of Salta and Catamarca.
Thursday, August 31st 2023 - 09:42 UTC
Brazil's oil production hits record figures in July

According to a document released Wednesday by Brazil's ANP oil agency, South America's largest country produced 4.482 million barrels of oil equivalent per day, Agencia Brasil reported. The amount was the highest in recorded history.
Tuesday, August 29th 2023 - 06:25 UTC
Argentina has a medium term lithium export annual target of 400,000 tons

Lithium exports from Argentina are poised to increase in the coming years, specifically from 34,000 tons to 400,000 tons of lithium carbonate, as mentioned by the Mining Secretary, Fernanda Ávila in Buenos Aires.
Monday, August 28th 2023 - 10:14 UTC
Falklands Argos Resources negotiating its North Falkland Basin production license with Canadian company

Falkland Islands oil and gas exploration Argos Resources Ltd has announced changes in its board of directors, until a general meeting of shareholders is announced, and the executive directors finalize the sale of its PL001 production license interests in the North Falkland Basin to JHI Associates. The Argos sold asset is expected to be a shareholding in JHI.
Saturday, August 26th 2023 - 23:32 UTC
Peña and Massa hold meeting in Asunción

Paraguay's President Santiago Peña and Argentina's Economy Minister and presidential candidate Sergio Massa met in Asunción Thursday to discuss the Yacyretá hydroelectric dam and the Paraná River waterway, among other topics of bilateral interest.
Saturday, August 26th 2023 - 23:24 UTC
Argentina set out to replace gas imports from Bolivia

Argentine authorities Friday launched the bidding process for the reversal of a pipeline so far used to import gas from bordering Bolivia in a move to supply the country's northern provinces with Vaca Muerta's output, it was reported.
Monday, August 21st 2023 - 11:18 UTC
Brazil's Petrobras refineries increase gasoline 16,17% and diesel, 25,83%

Brazil's Petrobras this last week increased the price of gasoline and diesel, 16,17% and 25,83% respectively at its refineries. The higher prices were announced following complaints from private refineries that domestic prices were out of line and tendency with the increased situation in international markets.
Friday, August 18th 2023 - 11:00 UTC
Argentine gov't reached deal to freeze price of fuel

Argentina's Economy Minister and presidential candidate Sergio Massa announced Thursday that fuel prices will be frozen until Oct. 31 after a 12.5% increase this week following an agreement with the country's leading oil companies, including the state-run YPF. After a previous 4.5% rise on Aug. 1, fuels accumulated an adjustment of 17.56% this month.