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.
Brazilian dignitaries to the Conference of Parties 27 Climate Summit at the Egyptian Red Sea por of Sharm El-Sheikh announced that their country was in a hurry to start producing green hydrogen and electricity from wind turbines to be installed offshore.
No end to surprises from offshore Guyana and an ExxonMobil-led consortium, which have identified at least 11 billion barrels of recoverable oil resources, and catapulted the impoverished South America country firmly onto the global oil map.
Argentina's Energy Secretariat extended until 2024 the oil offshore exploration permits of ExxonMobil and Qatar Petroleum (QP) to operate in the Argentine Sea, it was reported earlier this week in the Official Gazette.
Rumors of a hefty fuel hike were confirmed this week when the Falkland Islands supplier of commercial and domestic fuel Stanley Services Ltd released their fuel prices.
Petrobras and partners have made an oil discovery in the north-west of the Sépia oil field, offshore Brazil, some 250 kilometers from Rio do Janeiro, drilling the 4-BRSA-1386D-RJS (Pedunculo) well. The well, which was spudded in late July 2022, was drilled at a water depth of around 2,200m.
Falkland Islands-linked Rockhopper Exploration said that Italy was working to annul the August ruling by an arbitration panel under which Italy has to pay 200 million Euros, plus interest, to Rockhopper for breaching its obligations related to the company's Ombrina Mare field in the Adriatic Sea.
Fancap union leaders representing workers of Uruguay's state-run oil company Ancap Tuesday agreed to lift the strike they were staging following a meeting early Tuesday at the Labor Minister (MTSS) in Montevideo, it was announced.
Uruguay's state-run oil company has imported jet fuel from Argentina to guarantee a normal supply to keep the international airports of Montevideo and Punta del Este operational amid a workers' strike, it was reported Monday.
US President Joseph Biden Monday urged oil producers to stop war profiteering, after record gains amid rampant inflation and global crisis.