Energy & Oil

• Wednesday, August 16th 2023 - 10:43 UTC

  Major power cut hits most of Brazil for hours

  

  A major-scale power outage left all of Brazil's states but one in the dark on Tuesday morning while the causes for such an event are still under investigation, it was reported. However, the National Electric System Operator (ONS) said that the reasons for the blackout and why the power grids linking the north and south of the country were separate issues. Authorities in South America's largest country said supply was back to normal after six hours.

• Wednesday, August 9th 2023 - 07:44 UTC

  UK fuel prices climbing: petrol average 146.2p per liter, 148.2p per liter or diesel

  

  UK drivers have been hit with the largest weekly rise in fuel prices in more than a year as the Energy Secretary claimed households are being overcharged. Prices at the pump have risen for three straight weeks as oil production cuts by Russia and Saudi Arabia drive up wholesale prices.

• Tuesday, August 8th 2023 - 10:36 UTC

  Argentina: mining and crude oil production grow in first semester of 2023

  

  According to a study by Argentina's National Institute of Statistics and Census (Indec) released Monday, the mining industrial production index (IPI minero) reported a 10.7% year-on-year increase from June 2022 while crude oil production rose 8.2% interannually. Overall, industrial production of hydrocarbons and mining had an 11% increase in the first semester of 2023.

• Monday, August 7th 2023 - 10:33 UTC

  YPFB finds new gas reservoir

  

  Bolivian authorities have reported that the state-run oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) had discovered a new gas field in the Okinawa area after recent studies in the Remanso-X1 (RMS-X1) well. The new reservoir will generate approximately US$ 5 billion in gas, it was explained. It will also contribute to savings in fuel purchases of US$1 billion, according to YPFB.

• Friday, August 4th 2023 - 10:08 UTC

  Greenpeace “No New Oil” activists, take their protest to PM Sunak's country estate

  

  Greenpeace activists carried out a protest on the roof of the country estate belonging to UK Prime Minister Rishi Sunak on Thursday. Sunak was not at home at the time as he is on holiday with his family in California.

• Thursday, August 3rd 2023 - 07:05 UTC

  Petrobras processing more oil in domestic refineries, as export volumes drop 22%

  

  Brazil's giant oil and gas corporation Petrobras this week presented its second-quarter report, which showed a drop in oil exports in a scenario of increased processing at domestic refineries.

• Tuesday, August 1st 2023 - 12:10 UTC

  UK launches ambitious North Sea oil and gas development licensing to ensure energy security

  

  The United Kingdom is to grant hundreds of new licenses to seek and drill for gas and oil in the North Sea as it tries to bolster its energy security, the government said on Monday.

• Monday, July 31st 2023 - 02:55 UTC

  First shipment of “green lithium” (triple zero) from Brazil's Minas Gerais

  

  This week Brazil shipped the world’s first green lithium, produced in the Jequitinhonha Valley, in Minas Gerais, from the Port of Vitória (Espirito Santo State). The production, by Sigma Lithium, is a pioneer for having raised the level of industrial sustainability by being triple zero (zero carbon, zero waste and zero harmful chemicals). Lithium is used in electric vehicle batteries.

• Monday, July 31st 2023 - 02:45 UTC

  US emergency alert: Air conditioners to fight heat wave could cause power outages

  

  Energy providers are warning United States clients to be frugal with air-conditioning this weekend, as intense heat and increased demand could lead to blackouts. Nearly 200 million Americans are under “dangerously hot conditions” alerts with temperatures expected to soar past 100F (38C) in several major cities.

• Tuesday, July 25th 2023 - 11:32 UTC

  Latin-Americas' largest utilities company plans to invest US$ 17bn. in clean energy

  

  Electrobras, Brazil's main electricity complex has plans to invest some US$ 17 billion in the next five years through mergers and acquisitions. The company said that investments in electricity generation would come in at around US$3.6 billion over the period as it moves to comply with its goal of a clean energy complex.