Energy & Oil

• Friday, April 15th 2022 - 09:52 UTC

  Aluminum plant to expand wind farm in Argentine Patagonia

  

  The traditional Argentine aluminum manufacturer Aluar has announced plans to invest US$ 130 million to expand its wind farm near Puerto Madryn, in the Argentine Patagonia province of Chubut. The new equipment is expected to be fully operational by December 2023.

• Friday, April 15th 2022 - 09:23 UTC

  Gibraltar reduces duties on fuel until July first, to help consumers

  

  Given the increased cost of automotive diesel and petrol, the Government of Gibraltar is taking action to reduce the price of fuel to help consumers.

• Thursday, April 14th 2022 - 09:43 UTC

  Argentina: CFK acquitted in gas overpricing case

  

  Argentine Vice President Cristina Fernández de Kirchner (CFK) has been acquitted in the case of alleged overpricing in the purchase of Liquefied National Gas. Judge Julián Ercolini's ruling also reached her former aides Julio De Vido, Roberto Baratta, and other officials of her administration.

• Wednesday, April 13th 2022 - 09:53 UTC

  “It's going to be a long cold winter in Buenos Aires”

  

  By Haley Zaremba, Oilprice.com – A fuel shortage is causing political turmoil and social unrest in Argentina, and could even result in a food shortage as the South American nation’s grain transporters call or a strike in the face of sky-high fuel prices during the harvest season for soy and corn.

• Wednesday, April 13th 2022 - 09:41 UTC

  Abdo enacts law eliminating fuel subsidies to Paraguayan brand fuels

  

  Paraguay's President Mario Abdo Benítez Tuesday signed into law the suppression of subsidies to the price of fuel at pumps which helped the state-run Petróleos Paraguayos SA (Petropar) against all competitors.

• Tuesday, April 12th 2022 - 10:11 UTC

  Price of diesel in the Falklands increases to 80p a liter

  

  The price of diesel in the Falkland Islands has risen. Gareth Goodwin from Stanley Services was quoted by Falklands Television saying volatility risen from the war in Ukraine following the Russian invasion has caused disruptions in global fuel markets.

• Tuesday, April 12th 2022 - 10:09 UTC

  Falklands oil company shares skyrocket following extension of license

  

  Argos Resources shares surged 23% to 2.4p on news that the Falkland Islands government extended its second term PL001 license. The Falklands Islands-based explorer will not need to commit to any additional work to be granted the license between 1 May 2022 and the year-end.

• Monday, April 11th 2022 - 22:54 UTC

  Argentina's oil and gas output rise in February

  

  According to a report released in Buenos Aires Monday, the country's interannual production of crude oil went up 13.2% in February of 2022 and that of gas rose 11.1%

• Saturday, April 9th 2022 - 15:42 UTC

  Paraguay: Electric cars almost sold out amid increase in price of fuel

  

  Paraguayan traders of electric cars have nearly run out of stock as demand grew above projections due to the increasing price of fuel, it was reported Friday in Asunción.

• Saturday, April 9th 2022 - 08:08 UTC

  Petrobras lowers price of cooking gas

  

  Brazil's state-run Petrobras Friday announced a reduction in the price of Liquefied Petroleum Gas (LPG) sold to distributors and which is used for cooking and heating in households.