Energy & Oil

Thursday, December 8th 2022 - 10:13 UTC
US and UK announce partnership to boost energy security and bring down prices

With the purpose of bringing down global energy prices and boost energy security, United States and the United Kingdom have agreed on a new energy partnership.
Wednesday, December 7th 2022 - 12:26 UTC
Cheaper gasoline and diesel fuel prices in Brazil

Brazil's oil and gas giant Petrobras started implementing a reduction in fuel prices at its refineries gates, effective this week. Gasoline price with being reduced 6,1% from R$ 3,28 to R$ 3,08, while A diesel on average will be dropping from R$ 4,89 to R$ 4,49, equivalent to an 8,2% rebate.
Tuesday, December 6th 2022 - 09:50 UTC
Argentine court okays offshore oil activities

An Argentine court of appeals Monday lifted an injunction order from a lower magistrate, thus clearing the way for offshore oil drilling off Mar del Plata, but it demanded a “maximum level of control in the operations.”
Tuesday, December 6th 2022 - 08:17 UTC
US gasoline prices at the pump could fall under US$ 3 per gallon by Christmas

United States gasoline prices have declined on average 16 cents to US$ 3,403 a gallon, while gas prices have declined 43 cents over the past 30 days, and are US$ 1.01 cents higher than a year ago.
Friday, December 2nd 2022 - 10:36 UTC
Much prospective activity in the South Falkland Basin Darwin gas discovery

Borders & Southern Petroleum PLC, the independent oil and gas explorer focused offshore the Falkland Islands is raising £2.5 million to advance studies in its wholly-owned Darwin Gas Condensate discovery.
Thursday, December 1st 2022 - 18:52 UTC
Petrobras will need to adjust policies to Lula's goals

Brazil's President-elect Luiz Inácio Lula Da Silva will make adjustments to the country's state-run oil company Petrobras once he takes office on Jan. 1, it was reported Thursday.
Thursday, December 1st 2022 - 10:32 UTC
Rockhopper Exploration South Falkland Basin licenses extended for two years

Rockhopper Exploration oil and gas company which last year agreed to jointly develop the Sea Lion project at the North Falkland Basin with Israel's Navitas as leading financer and operator, announced that following discussions, the Falkland Islands Government had agreed to extend the company's licenses at the South Falkland Basin.
Wednesday, November 30th 2022 - 09:59 UTC
Deepwater oil and gas production, the fastest growing segment of the industry

Deepwater hydrocarbon production remains the fastest-growing upstream oil and gas segment with output expected to hit 10.4 million boe/d this year from just 300,000 barrels of oil equivalent per day (boe/d) in 1990.
Tuesday, November 29th 2022 - 10:19 UTC
BP awarded contract by Guyana to market its share of oil from two platforms

UK's British Petroleum has been awarded a contract to market Guyana's share of oil produced at the Liza Destiny and Liza Unity platforms, reports Oilprice. With 11 billion barrels found to date, Guyana is home to one of the largest oil discoveries over the last decade.
Monday, November 28th 2022 - 21:49 UTC
Caps on fuel prices announced to curb Argentina's inflation

Argentina's Superminister of Economy, Industry and Agriculture Sergio Massa reached an agreement with oil companies whereby fuel joins the list of care-for prices. Hence, the price at pumps may not go up above a 4% monthly ceiling until March, it was announced in Buenos Aires.