Bolivia will build ecological diesel and biodiesel plants to reduce imports of liquid fuels, Hydrocarbon and Energy Minister Franklin Molina announced over this past weekend.
Norwegian oil and gas exploration seismic data company PGS has signed an agreement with Uruguay's state oil company ANCAP to reprocess over 11 000 km of existing 2D lines of various vintages, applying the latest seismic imaging techniques.
Brazil established a new record for oil exports in 2020, with sales averaging 1,4 million bpd and a peak of 1,9 million bpd during the month of May, according to the Mines and Energy minister Bento Albuquerque. The minister also announced that on 7 January, Brazil's oil giant Petrobras reached a daily production record of 2,84 million barrels of oil, beating the previous mark set in 2015, with 2.79 million BOE/day.
Premier Oil announced on Tuesday that shareholders voted in favor of a reverse takeover of private equity-backed Chrysaor to create the British North Sea’s biggest oil and gas producer in which Premier shareholders will hold about 5.5%.
Members of the Opec group of oil producers and their partners will meet via videoconference next Monday to decide on production levels for February, hoping to turn the corner on a difficult year. The Opec+ ministerial meeting comes after oil consumption tanked in 2020 due to the Covid-19 pandemic and a price war between Saudi Arabia and Russia.
Borders & Southern Petroleum, a company with oil and gas exploration assets offshore the Falkland Islands, announced at the end of the year board changes. The London based independent oil & gas exploration company announced the retirement of Nigel Hurst-Brown from the Board of Directors. His departure will take effect on January 1, 2021.
Brazil has now moved past the 7 gigawatts (GW) mark of total installed renewables – and has set the ambition of 45% of its energy needs being generated in similar form by 2050.
A huge power cut in the Argentine capital Buenos Aires caused a blackout to hundreds of thousands of homes and businesses on Tuesday and brought metro lines to a standstill. The blackout also occurred when the country's medicine and pharmaceutical regulator extended an emergency authorization to the Pfizer BioTechN vaccine.
Workers from agricultural export companies in Peru renewed protests this week after Congress failed to reach an agreement to reform the sector and address their complaints about poor pay.
ExxonMobil expects Brazil and Guyana will be key drivers for the company’s growth ambitions in the future, as the US super-major looks to concentrate the bulk of exploration and production development activities in the two South American nations, apparently leaving aside the shale deposits in Argentina.