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Montevideo, December 7th 2023 - 04:33 UTC

Energy & Oil

  • Saturday, August 26th 2023 - 23:24 UTC

    Argentina set out to replace gas imports from Bolivia

    Yearly savings would amount to around US$ 1.96 billion, Royon's agency explained.

    Argentine authorities Friday launched the bidding process for the reversal of a pipeline so far used to import gas from bordering Bolivia in a move to supply the country's northern provinces with Vaca Muerta's output, it was reported.

  • Monday, August 21st 2023 - 11:18 UTC

    Brazil's Petrobras refineries increase gasoline 16,17% and diesel, 25,83%

    The Brazilian oil giant blamed the increase in international prices, and the company being at the limit of its operational capacity

    Brazil's Petrobras this last week increased the price of gasoline and diesel, 16,17% and 25,83% respectively at its refineries. The higher prices were announced following complaints from private refineries that domestic prices were out of line and tendency with the increased situation in international markets.

  • Friday, August 18th 2023 - 11:00 UTC

    Argentine gov't reached deal to freeze price of fuel

    “People have to know that we know what is happening to them,” Massa stressed

    Argentina's Economy Minister and presidential candidate Sergio Massa announced Thursday that fuel prices will be frozen until Oct. 31 after a 12.5% increase this week following an agreement with the country's leading oil companies, including the state-run YPF. After a previous 4.5% rise on Aug. 1, fuels accumulated an adjustment of 17.56% this month.

  • Wednesday, August 16th 2023 - 10:43 UTC

    Major power cut hits most of Brazil for hours

    Silveira did not rule out human failure or wilful malfunction

    A major-scale power outage left all of Brazil's states but one in the dark on Tuesday morning while the causes for such an event are still under investigation, it was reported. However, the National Electric System Operator (ONS) said that the reasons for the blackout and why the power grids linking the north and south of the country were separate issues. Authorities in South America's largest country said supply was back to normal after six hours.

  • Wednesday, August 9th 2023 - 07:44 UTC

    UK fuel prices climbing: petrol average 146.2p per liter, 148.2p per liter or diesel

    Prices at the pump have risen for three straight weeks as oil production cuts by Russia and Saudi Arabia drive up wholesale prices

    UK drivers have been hit with the largest weekly rise in fuel prices in more than a year as the Energy Secretary claimed households are being overcharged. Prices at the pump have risen for three straight weeks as oil production cuts by Russia and Saudi Arabia drive up wholesale prices.

  • Tuesday, August 8th 2023 - 10:36 UTC

    Argentina: mining and crude oil production grow in first semester of 2023

    Lithium carbonate and other lithium minerals showed an increase of 12.7% year-on-year

    According to a study by Argentina's National Institute of Statistics and Census (Indec) released Monday, the mining industrial production index (IPI minero) reported a 10.7% year-on-year increase from June 2022 while crude oil production rose 8.2% interannually. Overall, industrial production of hydrocarbons and mining had an 11% increase in the first semester of 2023.

  • Monday, August 7th 2023 - 10:33 UTC

    YPFB finds new gas reservoir

    “These results will allow us to classify it as the discoverer of a new hydrocarbon field with estimated resources of 0.7 trillion cubic feet of gas and 52 million barrels of liquids,” Arce said

    Bolivian authorities have reported that the state-run oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) had discovered a new gas field in the Okinawa area after recent studies in the Remanso-X1 (RMS-X1) well. The new reservoir will generate approximately US$ 5 billion in gas, it was explained. It will also contribute to savings in fuel purchases of US$1 billion, according to YPFB.

  • Friday, August 4th 2023 - 10:08 UTC

    Greenpeace “No New Oil” activists, take their protest to PM Sunak's country estate

    Four individuals scaled Sunak's large house in North Yorkshire and dropped long black sheets to cover the facade and holding up a banner that read “No New Oil.”

    Greenpeace activists carried out a protest on the roof of the country estate belonging to UK Prime Minister Rishi Sunak on Thursday. Sunak was not at home at the time as he is on holiday with his family in California.

  • Thursday, August 3rd 2023 - 07:05 UTC

    Petrobras processing more oil in domestic refineries, as export volumes drop 22%

    Petrobras exported, in the second quarter of this year, 411.000 bpd of oil, which represented a decrease of 22.6% in comparison with the same period last year.

    Brazil's giant oil and gas corporation Petrobras this week presented its second-quarter report, which showed a drop in oil exports in a scenario of increased processing at domestic refineries.

  • Tuesday, August 1st 2023 - 12:10 UTC

    UK launches ambitious North Sea oil and gas development licensing to ensure energy security

    “Now more than ever, it's vital that we bolster our energy security and capitalize on that independence to deliver more affordable, clean energy,” said PM Sunak

    The United Kingdom is to grant hundreds of new licenses to seek and drill for gas and oil in the North Sea as it tries to bolster its energy security, the government said on Monday.