Energy & Oil

• Monday, February 7th 2022 - 09:13 UTC

  New gas well found in Bolivia, expected to generate millions of dollars

  

  Bolivian President Luis Arce Catacora has confirmed over the weekend the discovery of large gas reserves which -he hoped- would yield substantial profits to the country.

• Saturday, February 5th 2022 - 09:47 UTC

  Former German chancellor criticized for being member of Russian energy companies' boards

  

  In the midst of the conflicting situation between NATO and the US, with Russia, regarding a possible invasion of Ukraine and which has the European continent on the edge, a former German chancellor was appointed to the supervisory board of the Russian state-owned gas giant Gazprom, one of the largest energy corporations in the world.

• Saturday, February 5th 2022 - 09:42 UTC

  WTI crude surges above US$ 92 on Texas freezing weather

  

  By Tsvetana Paraskova for Oilprice.com – WTI Crude, the U.S. oil benchmark, jumped to over US$ 92 per barrel early on Friday—its highest level since 2014, amid the Russia-Ukraine crisis and a deep freeze in Texas that disrupted some Permian oil production.

• Friday, February 4th 2022 - 09:50 UTC

  Ecuadorian authorities speak of “major disaster” following oil spill last week

  

  An oil spill in Ecuador in late January has been spreading over the past few days throughout the Yasuní area reaching unforeseen proportions, it was reported Wednesday.

• Thursday, February 3rd 2022 - 09:51 UTC

  OPEC+ confirms March output increase; oil remains bullish at US$ 90 since several members can't deliver

  

  By Tsvetana Paraskova for Oilprice.com – In the shortest meeting so far in its history, OPEC+ decided on Wednesday to increase the collective production by 400,000 barrels per day (BPD) in March, keeping unchanged the plan to boost output and pushing Brent above US$ 90 per barrel again with the per-usual modest production hike.

• Thursday, February 3rd 2022 - 09:40 UTC

  Gas and nuclear energies and the green economy: furious debate in Europe

  

  Are gas and nuclear clean energies in the drive to a green economy? The controversy has triggered a furious debate in the European Commission following proposed rules that, in effect under certain conditions, the two energies can be labeled “green investments”.

• Thursday, February 3rd 2022 - 09:33 UTC

  Further oil and gas discovery off the coast of Guyana

  

  More oil reserves discovered in Guyana, Canada's CGX Energy reported that together with parent Frontera Energy discovered an oil and gas reservoir off the coast of Guyana and anticipated drilling on a second well could begin later this year.

• Wednesday, February 2nd 2022 - 21:00 UTC

  Fuel goes up 9% in Argentina after long price freeze

  

  Argentina's state-run oil company YPF announced a price increase of around 9% in the price of fuel at pumps as of Wednesday, with 2 additional percentage points in the case of premium products.

• Wednesday, February 2nd 2022 - 11:58 UTC

  Falklands' Sea Lion project, Rockhopper, Harbour and Navitas extend heads of terms to 31 March 2022

  

  Rockhopper Exploration, Harbour Energy, and Navitas Petroleum have extended the provisions of their previously signed heads of terms concerning the Sea Lion project offshore the North Falkland Basin. The new deadline is March 31, 2022: the aim is to sign definitive documentation on the transaction by this date. Harbour plans to exit operations offshore the Falklands, leaving the other two partners to take the development forward.

• Tuesday, February 1st 2022 - 21:38 UTC

  China to help Argentina build new nuclear power plant

  

  Argentina's National Committee of Atomic Energy (CNEA) and the Chinese National Nuclear Corporation (CNNC) Tuesday signed a contract for the construction of the Atucha III Nuclear Power Plant, it was announced.