Energy & Oil

• Saturday, April 23rd 2022 - 10:55 UTC

  Navitas banned from Argentina for twenty years for operating in Falklands' waters

  

  Israel's Navitas Petroleum has been banned from all activities in Argentina for the next twenty years for involvement in the hydrocarbons industry in the Falklands/Malvinas zone without Argentine permission.

• Friday, April 22nd 2022 - 09:53 UTC

  Argentine President launches construction of new gas pipeline

  

  Argentine President Alberto Fernández Thursday launched the “Néstor Kirchner” gas pipeline project during a ceremony at the Loma Campana field in Vaca Muerta, province of Neuquén.

• Wednesday, April 20th 2022 - 10:05 UTC

  Rockhopper and Israel's Navitas as operator, agree to develop Sea Lion project

  

  Rockhopper Exploration and Navitas Petroleum have reached an agreement by which the Israeli company becomes the operator of the promising Sea Lion project located north of the Falkland Islands. This lays the basis for a new technical and financing plan for a lower-cost development of the Sea Lion area.

• Wednesday, April 20th 2022 - 09:40 UTC

  Exxon Mobil drilling offshore in Brazil's Sergipe/Alagoas basin with a potential of a billion barrels

  

  United States Exxon Mobil Corp. is drilling in a new area offshore in the northeast of Brazil that could have as much as a billion barrels of oil and gas equivalent, according to its partner Murphy Oil.

• Saturday, April 16th 2022 - 09:48 UTC

  Brazilian scientists find new way to capture carbon from the atmosphere

  

  According to a report published Friday by Agencia Brasil, a group of scientists from that country has found new techniques which could be of use in forest recovery and increase the capture of carbon from the atmosphere. April 15 was Brazil's National Soil Conservation Day.

• Saturday, April 16th 2022 - 08:43 UTC

  OPEC minimum oil production increase during March

  

  OPEC oil production increased by just 57,000 barrels per day (bpd) in March from February, as African members’ struggles to pump more crude partially offset increases at the core OPEC members of the Middle East, reports Tsvetana Paraskova for Oilprice.

• Friday, April 15th 2022 - 09:52 UTC

  Aluminum plant to expand wind farm in Argentine Patagonia

  

  The traditional Argentine aluminum manufacturer Aluar has announced plans to invest US$ 130 million to expand its wind farm near Puerto Madryn, in the Argentine Patagonia province of Chubut. The new equipment is expected to be fully operational by December 2023.

• Friday, April 15th 2022 - 09:23 UTC

  Gibraltar reduces duties on fuel until July first, to help consumers

  

  Given the increased cost of automotive diesel and petrol, the Government of Gibraltar is taking action to reduce the price of fuel to help consumers.

• Thursday, April 14th 2022 - 09:43 UTC

  Argentina: CFK acquitted in gas overpricing case

  

  Argentine Vice President Cristina Fernández de Kirchner (CFK) has been acquitted in the case of alleged overpricing in the purchase of Liquefied National Gas. Judge Julián Ercolini's ruling also reached her former aides Julio De Vido, Roberto Baratta, and other officials of her administration.

• Wednesday, April 13th 2022 - 09:53 UTC

  “It's going to be a long cold winter in Buenos Aires”

  

  By Haley Zaremba, Oilprice.com – A fuel shortage is causing political turmoil and social unrest in Argentina, and could even result in a food shortage as the South American nation’s grain transporters call or a strike in the face of sky-high fuel prices during the harvest season for soy and corn.