Energy & Oil

• Wednesday, November 30th 2022 - 09:59 UTC

  Deepwater oil and gas production, the fastest growing segment of the industry

  

  Deepwater hydrocarbon production remains the fastest-growing upstream oil and gas segment with output expected to hit 10.4 million boe/d this year from just 300,000 barrels of oil equivalent per day (boe/d) in 1990.

• Tuesday, November 29th 2022 - 10:19 UTC

  BP awarded contract by Guyana to market its share of oil from two platforms

  

  UK's British Petroleum has been awarded a contract to market Guyana's share of oil produced at the Liza Destiny and Liza Unity platforms, reports Oilprice. With 11 billion barrels found to date, Guyana is home to one of the largest oil discoveries over the last decade.

• Monday, November 28th 2022 - 21:49 UTC

  Caps on fuel prices announced to curb Argentina's inflation

  

  Argentina's Superminister of Economy, Industry and Agriculture Sergio Massa reached an agreement with oil companies whereby fuel joins the list of care-for prices. Hence, the price at pumps may not go up above a 4% monthly ceiling until March, it was announced in Buenos Aires.

• Monday, November 28th 2022 - 21:48 UTC

  Price of fuel in Paraguay keeps falling

  

  The price of fuel at pumps in Paraguay has gone down twice in November of 2022 after a ₲ 100 (US$ 0,014) reduction per liter was announced over the weekend.

• Friday, November 25th 2022 - 08:11 UTC

  Energy agreement between Argentina and Brazil extended

  

  Argentina and Brazil agreed to extend the current Memorandum of Energy Exchange until 2025, it was reported Thursday. The document, which provides for the exchange of electric power and natural gas between both countries, was about to expire. As per its new wording, the agreement is to be automatically renewed every four years.

• Tuesday, November 22nd 2022 - 20:50 UTC

  Uruguay confident in EU-sponsored sustainable energy matrix program

  

  Uruguay's Industry Minister Omar Paganini highlighted the AL-Invest Verde program for its ambitiousness regarding sustainable development which will position the South American country as a regional innovation hub.

• Monday, November 21st 2022 - 09:05 UTC

  Mar del Plata union requests lifting of measures banning offshore oil drilling

  

  The Mar del Plata branch of Argentina's General Labor Confederation Union sent a note to the Courts requesting all precautionary measures stopping offshore oil exploration be lifted so that the companies can start working in the North Argentina Basin.

• Friday, November 18th 2022 - 09:56 UTC

  Venezuela after Guyana's oil claiming border dispute in The Hague

  

  “We will demonstrate Guyana's claim is inadmissible,” Venezuelan Vice President Delcy Rodríguez said on Thursday to the International Court of Justice in The Hague, which is the United Nations' highest for resolving disputes between states.

• Wednesday, November 16th 2022 - 10:30 UTC

  Falklands' electricity price up from December first; power allowance scheme for households

  

  Due to the continued impact of increasing fuel prices, the Falkland Islands Government announced that in accordance with Regulation 10A of the Electricity Supply Regulations 1969, there will be a change in the price of electricity supplied to consumers.

• Monday, November 14th 2022 - 09:25 UTC

  Express claims UK “foiled Russian plot to sabotage fuel pipeline in Ascension island”

  

  According to a piece published by the Daily Express and credited to their Defense Editor, Marco Giannangeli, British specialists managed to secure a vital pipeline for the South Atlantic, following an intelligence tip-off that it was being targeted by Russian saboteurs.