Energy & Oil

• Thursday, August 25th 2022 - 09:42 UTC

  State-run companies sign deal to seek lithium in Argentine province of Catamarca

  

  An agreement between YPF and CAMYEN for lithium exploration in the province of Catamarca was signed Wednesday. The joint undertaking has been described as the first of its kind.

• Monday, August 22nd 2022 - 17:32 UTC

  Fuel goes up at pumps in Argentina, but below inflation

  

  Argentina's state-run oil company increased the price of fuel at pumps by 7.5% on average Sunday but it remained well below figures in neighboring cities abroad. The accumulated devaluation since the last naphtha adjustment is 16%.

• Saturday, August 20th 2022 - 09:37 UTC

  Uruguay's Ancap profitable despite adjusting prices below import parity

  

  Uruguay's state-run oil company Ancap yielded profits of US$128 million for the first semester of 2022 despite adjusting prices below the import parity price (IPP), it was announced Friday in Montevideo.

• 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.