Energy & Oil

Thursday, August 18th 2022 - 09:35 UTC
Falkland Islands announces limited power cut and water disruption

Upcoming power cut. The Power & Electrical Section would like to inform the public that there will be a power cut on Thursday 18 August from 3:15 pm to 4:15 pm, the following areas will be affected:
Monday, August 15th 2022 - 09:50 UTC
Russia almost doubles exports' value to Brazil in first half of 2022: mainly fertilizers and fuel

Russia almost doubled the value of its exports to Brazil in the first half of this year and has climbed to fifth supplier of Latin America's largest economy. This despite the trade, financial and diplomatic sanctions imposed on Russia by the United States, the European Union and the United Kingdom following its invasion of Ukraine.
Monday, August 15th 2022 - 09:47 UTC
Three companies agree with Argentina to develop offshore Tierra del Fuego gas deposit

Argentina and a consortium of three international oil companies signed an agreement by which the Fenix gas field at the San Sebastián Bay will be developed in two years time with an investment of US$ 700 million. The agreement includes a decree which reinstates benefits for the hydrocarbons industry, particularly new undertakings as contemplated in Law 19,640.
Friday, August 12th 2022 - 02:40 UTC
Offshore drilling on the rebound for the foreseeable future, rig providers report

By Tsvetana Paraskova for Oilprice.com – After years of uncertainty and stagnation, the offshore drilling market is on the rebound and is in the early innings of an up cycle in investment and activity that will outpace the 2016-2019 cycle, major services and rig providers say. Analysts and top offshore drilling executives say that offshore rig utilization and day rates are also rising in a market that is expected to tighten going forward.
Wednesday, August 10th 2022 - 19:38 UTC
Brazil and Paraguay cut down energy prices at Itaipu

Authorities from Brazil and Paraguay have announced a reduction in the price of energy from the binational Itaipu power plant from US$ 22.60 to US$20.75 per kilowatt.
Tuesday, August 9th 2022 - 07:59 UTC
UK energy prices: record number of people stole electricity last year; another hefty rise in October

The energy situation is hitting UK consumers and figures released by the Home Office show that a record number of people stole electricity in England and Wales last year.
Monday, August 8th 2022 - 21:29 UTC
Fuel deposit fire in Cuba reaches 4th day - one firefighter dies

A gruesome fire in Cuba has reached its fourth day. A fuel deposit has been burning since Friday in Matanzas, in western Cuba, in what has already been described as the biggest industrial disaster in the country's history.
Saturday, August 6th 2022 - 11:38 UTC
Germany resurrecting nuclear, oil and coal powered plants to replace Russian gas

With the Ukrainian war still raging and making arrangements ahead of next winter, Germany despite its original pledges and with a coalition that includes the Green party, Chancellor Olaf Scholz has admitted for the first time that the country could put off the retirement of its nuclear power grid.
Monday, August 1st 2022 - 20:56 UTC
Brazilian customers have bought over 100,000 electric vehicles

The Brazilian market of battery-powered vehicles has crossed the psychologically relevant threshold of 100,000 units in circulation nationwide, as sales of this type of vehicle grew 47% yoy in the first semester of 2022, it was reported.
Thursday, July 28th 2022 - 09:23 UTC
Brazilian oil sales to China and India drop significantly as Russia moves in

Brazil oil sales to India and China in the first half of 2022 have fallen considerably, amid the Ukraine war and a significant increase in crude exports from Russia to the two Asian countries.
According to data from Brazil’s Foreign Trade Secretariat (Secex), in the first half of the year, Brazil exported 36% less oil to China than in the same period last year. Likewise exports to India fell 53.8%.