Energy & Oil

• Monday, September 12th 2022 - 10:04 UTC

  Wind energy and green hydrogen projects in Rio Grande do Sul target 13% of power demand

  

  The Brazilian state of Rio Grande do Sul has signed a three-year memorandum of understanding with Neoenergia, a subsidiary of the Spanish giant electricity energy corporation Iberdrola, for the development of offshore wind power, plus a project for the production of green hydrogen.

• Monday, September 5th 2022 - 18:31 UTC

  OPEC to cut down oil output to keep price stable

  

  The Organization of Oil Exporting Countries (OPEC) Monday decided to cut their output of crude and put on sale on international markets 100,000 bpds less daily as fears of a recession keep bringing down the price of crude.

• Monday, September 5th 2022 - 09:29 UTC

  World's largest offshore wind farm is Hornsea project 2, in Yorkshire

  

  The world's largest offshore wind farm is now fully operational, 55 miles off the coast of Yorkshire. The Hornsea 2 project with 165 turbines can generate enough electricity to power about 1.3 million homes - that's enough for a city the size of Manchester.

• Thursday, September 1st 2022 - 18:44 UTC

  Petrobras cuts price of fuel for distributors

  

  Brazil's state-run oil company Petrobras Thursday announced it would reduce the sale price of fuel to distributors from R$ 3.53 (US$ 0.67) to R$3.28 (US$ 0.63) per liter effective Friday.

• Tuesday, August 30th 2022 - 10:16 UTC

  All fuel prices in Brazil down, thanks to Petrobras and tax reductions

  

  A survey from Brazil's National Oil, Gas and Bio-fuels Agency, ANP, showed that the average price for a liter of gasoline in service stations across Brazil had dropped 2,77%, and this way the price is now R$ 5,25 this week, the lowest it has been since February 2021.

• Monday, August 29th 2022 - 19:32 UTC

  YPF announces mega port on Rio Negro's Atlantic shores

  

  Argentina's state-run oil company YPF announced a mega port will be built in Río Negro to export oil from the Atlantic shore.

• Monday, August 29th 2022 - 10:38 UTC

  Lithium exports gain pace in Argentina

  

  According to the latest report from Argentina's National Mining Secretariat, lithium is not far from taking over as the leading mining industry item, whereas gold and silver continue to lead.

• Friday, August 26th 2022 - 10:19 UTC

  Russia replacing Brazil as one of China's main oil suppliers

  

  Russia has become China's main oil supplier for the third month running during July, according to information from Hong Kong market analysts. Apparently independent refiners stepped up purchases of discounted supplies while cutting shipments from rival suppliers such as Angola and Brazil.

• Friday, August 26th 2022 - 10:15 UTC

  Fears of civil unrest in UK as people are unable to afford heating and power bills this winter

  

  United Kingdom energy executives have warned the country faces the prospect of mass civil unrest as a result of people being unable to afford their heating and electricity bills this coming winter.

• Thursday, August 25th 2022 - 10:03 UTC

  Rockhopper could net £210m compensation from Italian government because of offshore drilling ban

  

  A corporate tribunal has ordered the Italian government to pay more than £210m to the UK/Falklands oil company Rockhopper as compensation for an offshore oil drilling ban. Rockhopper’s case was launched after the Italian government banned oil exploration and production within a 12 mile-limit off Italy’s coast in 2015, scotching the company’s planned Ombrina Mare oilfield.