Energy & Oil

• Monday, September 25th 2023 - 09:55 UTC

  Uruguay's Ancap awards all offshore exploration licenses open for bids

  

  Uruguay's state-run oil company Ancap has awarded all seven offshore oil and gas exploration licenses open for bids to four foreign companies: YPF (Argentina), APA Corp (United States), and Shell and Challenger Energy Group (CEG) (United Kingdom), it was reported in Montevideo.

• Friday, September 22nd 2023 - 10:04 UTC

  Argentina releasing LPG trucks bound for Paraguay

  

  In the latest episode of the feud between Argentina and Paraguay, trucks carrying liquefied petroleum gas (LPG) bound for Asunción and detained by Argentine customs began to be released Thursday, it was reported, a week after barges carrying fuel were also detained for unpaid tolls on the Paraná River waterway.

• Wednesday, September 20th 2023 - 09:28 UTC

  Argos transferring its North Falkland Basin production license to JHI Associates

  

  Argos Resources Falklands said on Tuesday that the government of the Falkland Islands has agreed to the transfer of Argos's PL001 production license interests in the North Falkland Basin to JHI Associates based in Toronto, Canada.

• Wednesday, September 20th 2023 - 09:00 UTC

  French Total planning to drill for gas off shore Tierra del Fuego

  

  France's Total Vice-president said the company will start drilling at the Fenix field off the southern Argentine province of Tierra del Fuego in March 2024 and expects to start production the following November.

• Wednesday, September 20th 2023 - 08:05 UTC

  Tension between Argentina and Paraguay on the rise

  

  Tension between Argentina and Paraguay is on the rise after Economy Minister and presidential candidate Sergio Massa argued that his country had paid for the construction of the Yacyretá Dam between the 1980s and 1990s and was still owed “billions of dollars” for it.

• Thursday, September 14th 2023 - 10:53 UTC

  Argentina planning to become a major world exporter of natural gas

  

  Argentina’s government is focusing on stepping up exports of natural gas as production rises in the Vaca Muerta shale gas deposit, with the first goal to halt gas imports by 2024 or 2025 except at times of high winter demand, Energy Secretary Flavia Royon announced

• Friday, September 8th 2023 - 10:40 UTC

  Argentine President assures Chile a natural gas supply through 2024

  

  Argentine President Alberto Fernández Thursday said his country would guarantee the supply of natural gas to neighboring Chile until Dec. 31, 2024, it was reported in Buenos Aires. With Bolivia's production declining, South America is looking to Vaca Muerta as a possible source, it was also explained. Between January and July, Argentina sold Chile US$ 556 million worth of natural gas, an 86.8% growth from the same period last year.

• Tuesday, September 5th 2023 - 10:30 UTC

  Populist Bolivia running out of natural gas reserves; northern Argentina supply also threatened

  

  Bolivian president Luis Arce, announced on September 1st. that the country’s natural gas reserves have been depleted, and exports to Argentina and Brazil will be interrupted, leaving a massive hole in the economy of the country.

• Monday, September 4th 2023 - 11:08 UTC

  Posco pledges US$ 1.7 bn investment in Argentina

  

  Argentine Foreign Minister Santiago Cafiero signed an agreement in Seoul with steel company Posco, whereby the South Korean company will invest US$ 1.7 billion for the production of lithium carbonate in the provinces of Salta and Catamarca.

• Thursday, August 31st 2023 - 09:42 UTC

  Brazil's oil production hits record figures in July

  

  According to a document released Wednesday by Brazil's ANP oil agency, South America's largest country produced 4.482 million barrels of oil equivalent per day, Agencia Brasil reported. The amount was the highest in recorded history.