Energy & Oil

Monday, September 5th 2022 - 09:29 UTC
World's largest offshore wind farm is Hornsea project 2, in Yorkshire

The world's largest offshore wind farm is now fully operational, 55 miles off the coast of Yorkshire. The Hornsea 2 project with 165 turbines can generate enough electricity to power about 1.3 million homes - that's enough for a city the size of Manchester.
Thursday, September 1st 2022 - 18:44 UTC
Petrobras cuts price of fuel for distributors

Brazil's state-run oil company Petrobras Thursday announced it would reduce the sale price of fuel to distributors from R$ 3.53 (US$ 0.67) to R$3.28 (US$ 0.63) per liter effective Friday.
Tuesday, August 30th 2022 - 10:16 UTC
All fuel prices in Brazil down, thanks to Petrobras and tax reductions

A survey from Brazil's National Oil, Gas and Bio-fuels Agency, ANP, showed that the average price for a liter of gasoline in service stations across Brazil had dropped 2,77%, and this way the price is now R$ 5,25 this week, the lowest it has been since February 2021.
Monday, August 29th 2022 - 19:32 UTC
YPF announces mega port on Rio Negro's Atlantic shores

Argentina's state-run oil company YPF announced a mega port will be built in Río Negro to export oil from the Atlantic shore.
Monday, August 29th 2022 - 10:38 UTC
Lithium exports gain pace in Argentina

According to the latest report from Argentina's National Mining Secretariat, lithium is not far from taking over as the leading mining industry item, whereas gold and silver continue to lead.
Friday, August 26th 2022 - 10:19 UTC
Russia replacing Brazil as one of China's main oil suppliers

Russia has become China's main oil supplier for the third month running during July, according to information from Hong Kong market analysts. Apparently independent refiners stepped up purchases of discounted supplies while cutting shipments from rival suppliers such as Angola and Brazil.
Friday, August 26th 2022 - 10:15 UTC
Fears of civil unrest in UK as people are unable to afford heating and power bills this winter

United Kingdom energy executives have warned the country faces the prospect of mass civil unrest as a result of people being unable to afford their heating and electricity bills this coming winter.
Thursday, August 25th 2022 - 10:03 UTC
Rockhopper could net £210m compensation from Italian government because of offshore drilling ban

A corporate tribunal has ordered the Italian government to pay more than £210m to the UK/Falklands oil company Rockhopper as compensation for an offshore oil drilling ban. Rockhopper’s case was launched after the Italian government banned oil exploration and production within a 12 mile-limit off Italy’s coast in 2015, scotching the company’s planned Ombrina Mare oilfield.
Thursday, August 25th 2022 - 09:42 UTC
State-run companies sign deal to seek lithium in Argentine province of Catamarca

An agreement between YPF and CAMYEN for lithium exploration in the province of Catamarca was signed Wednesday. The joint undertaking has been described as the first of its kind.
Monday, August 22nd 2022 - 17:32 UTC
Fuel goes up at pumps in Argentina, but below inflation

Argentina's state-run oil company increased the price of fuel at pumps by 7.5% on average Sunday but it remained well below figures in neighboring cities abroad. The accumulated devaluation since the last naphtha adjustment is 16%.