Energy & Oil

Tuesday, February 15th 2022 - 20:42 UTC
Ancap refinery becomes National Historic Monument in Uruguay

A refinery belonging to Uruguay's state-run oil company Ancap has been declared a National Historic Monument for its unique architectural design, it was announced.
Saturday, February 12th 2022 - 09:24 UTC
Fuel goes up in Paraguay, but tanking up in Argentina not an option

The state-run oil company Petróleos Paraguayos (Petropar) has announced an increase in the price of fuel at pumps effective Saturday, Feb. 12, despite previous announcements that there would be no changes until the end of the month.
Tuesday, February 8th 2022 - 21:54 UTC
Bolivia to change Hydrocarbons Law to increase gas output

Bolivia's Deputy Minister of Exploration and Exploitation Daniel Mayta Jiménez Tuesday said that following the discovery of the Margarita 10 well and in a move to foster investment and encourage production, the Hydrocarbons Law 3058 -enacted May 17, 2005- needed changing.
Tuesday, February 8th 2022 - 21:46 UTC
Two people needed hospitalization due to oil spill off Peru's shore

Two people have been hospitalized as a result of the effects of contaminated Pacific Ocean waters stemming from the Repsol oi spill off Callao, Peruvian authorities said Tuesday.
Monday, February 7th 2022 - 20:14 UTC
Argentina's YPF to invest US $ 90 million in solar energy

Argentina's Cabinet Chief Juan Manzur Monday presided over the ceremony during which the State-run oil company YPF announced it will invest U$S 90 million to develop a solar energy park in Ullum, in the province of San Juan, where radiation suits best these type of undertakings.
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.