Energy & Oil

• 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%.

• Wednesday, July 27th 2022 - 09:32 UTC

  Falklands extends oil licenses two years for farm-in Rockhopper/Navitas accord

  

  Positive news for Falklands' oil industry development. All regulatory consents for the transaction between Harbour Energy plc and Israel's Navitas Petroleum LP of its Falkland Islands offshore license interests have been approved by the Falkland Islands government and the United Kingdom minister of state.

• Tuesday, July 26th 2022 - 10:38 UTC

  Petrobras output down in second quarter Bolsonaro confident his friend Putin will supply him with diesel fuel

  

  Oil exports by Brazilian energy giant Petrobras fell by 28.5% in the second quarter of 2022, to 531,000 barrels per day (b/d), compared to the same period a year ago, the company said in its quarterly production and sales report. The news comes when the country is looking for cheaper opportunities to import diesel fuel from countries currently free of sanctions.

• Saturday, July 23rd 2022 - 22:49 UTC

  Falklands’ black gold rush might at last be a reality

  

  By Dominic O’Connell, The Times- Head north from the Falkland Islands, across the South Atlantic waves where albatross wheels and whales sound, and you pass over what could be a big new oil province — a significant source of hydrocarbons controlled not by sheiks or oligarchs, but by the United Kingdom.

• Tuesday, July 19th 2022 - 09:27 UTC

  Venezuelan gov't speaks of terrorist attack as oil pipe burns

  

  Venezuelan authorities were speaking of a “terrorist attack” Monday after a state-owned gas pipeline went up in smoke Sunday in the country's eastern region.

• Monday, July 18th 2022 - 09:03 UTC

  The “nitrogen war” in Netherlands, an anticipation of times to come

  

  Farmers in the Netherlands are revolting over the government's plan to drastically reduce nitrogen emissions by 2030 and is pointing to agriculture and farmers as the worst offenders. But farmers have taken to the streets, blocking roads, and distribution centers, and there has been some serious incidents, including police opening fire on protestors,

• Saturday, July 16th 2022 - 10:06 UTC

  Europe overtakes Asia as first buyer of US oil in five months of 2022

  

  During the first five months of the year Europe has overtaken Asia as the biggest buyer of US crude, having imported 213.1 million barrels, while Asia imported 191.1 million barrels, Bloomberg reported, citing Census Bureau data. This is the first time in six years that Europe has been a bigger buyer of U.S. crude than Asia.

• Wednesday, July 13th 2022 - 09:31 UTC

  Biden and AMLO discuss immigration, oil supply, and China's role

  

  Presidents Andrés Manuel López Obrador of Mexico and Joseph Biden of the United States Wednesday held their second face-to-face meeting, and the first since the Latin American leader chose not to attend last month's Summit of the Americas in Los Angeles following the White House's decision not to invite Cuba, Nicaragua, and Venezuela to the event.