Energy & Oil

• Friday, December 30th 2022 - 09:25 UTC

  Exxon Mobil suing EU windfall tax on oil companies profits:“counter -productive”

  

  Exxon Mobil Corp is suing the European Union on the grounds that the windfall tax on oil companies will hinder investment and end up being “counter-productive”, according to media reports.

• Wednesday, December 28th 2022 - 10:00 UTC

  Putin bans sale of oil to countries that abide the US$ 60 cap on Russian crude

  

  President Vladimir Putin announced Russia was banning the supply of Russian oil and oil products to countries that impose a price cap, allowing deliveries to those nations only on the basis of a special permission from the Kremlin leader.

• Wednesday, December 28th 2022 - 01:33 UTC

  Brazil sets gradual caps on greenhouse gas emissions from fossil fuels

  

  Brazilian President Jair Bolsonaro approved the resolution of the National Energy Policy Council (CNPE) defining the annual mandatory targets for reducing greenhouse gas emissions for the commercialization of fuels over the next ten years, under the National Policy for Biofuels (Renovabio), Agencia Brasil reported Tuesday after the measure was published in the Diário Oficial da União (Federal Official Gazette).

• 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.