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Montevideo, July 16th 2024 - 11:45 UTC

Energy & Oil

  • Thursday, February 15th 2024 - 11:00 UTC

    Falklands' Borders & Southern Petroleum with new CEO at end of the month

    ”As one of the co-founders, (Howard Obee) has led B&S for nearly 20 years, delivering exploration success, including the company's Darwin gas condensate discovery”

    Falkland Islands oil exploring company, Borders & Southern Petroleum plc announced that Howard Obee has informed the Board that he intends to stand down as Chief Executive Officer.

  • Tuesday, February 13th 2024 - 11:42 UTC

    Surplus from electricity exports benefits Brazilian customers

    Most electricity exports were to Argentina and the rest to Uruguay

    Brazil totaled a surplus of R$ 888 million (US$ 179.26 million) from electricity sales to neighboring countries, which helped President Luiz Inácio Lula da Silva's administration ease the burden on Brazilian consumers, Agencia Brasil reported.

  • Tuesday, February 13th 2024 - 10:55 UTC

    Trinidad and Tobago does not rule out foreign help to deal with oil spill

    “We will have to move relatively quickly to determine what we are going to do next,” Rowley said

    Authorities in Trinidad and Tobago are not ruling out seeking international help to clean up the oil stain from a mysterious capsizing ship that is heavily affecting tourism and the environment along 15 kilometers of beaches there, Agencia Brasil reported.

  • Monday, February 12th 2024 - 10:32 UTC

    Explosion leaves key Buenos Aires neighborhoods powerless for hours

    Edesur said service was restored to 80% of the affected users

    Some 30,406 households were still without electricity in the Autonomous City of Buenos Aires (CABA) after an explosion Saturday of a generating substation of the Edesur company in the strategic Caballito neighborhood in the Argentine capital left some 60,000 users powerless for hours, after which service was gradually restored, the (National Entity Regulating Electricity (Ente Nacional Regulador de la Electricidad - ENRE) reported Sunday.

  • Monday, February 12th 2024 - 09:57 UTC

    Oil leak off Trinidad and Tobago causes national environmental emergency

    The ship's crew did not send any distress calls and remains unaccounted for. An illicit operation is not to be ruled out

    An oil leak from an unflagged overturned ship named Gulfstream off the coast of Trinidad and Tobago has led Prime Minister Keith Rowley to declare Sunday a national emergency because the situation along some 15 km of coastline in Tobago is “not under control.” The mystery vessel capsized Wednesday off the coast of the Cove Eco-Industrial Park in southern Tobago, and currents have dragged the boat shoreward.

  • Monday, February 5th 2024 - 10:53 UTC

    Falklands oil industry: UK complete support, but no financial backing for islands’ bonds

    Exploring the viability of the oil industry in the Falkland Islands is building up since its Readiness program in 2014 and has been further boosted by recent agreements among companies interested in developing potential projects, but it recently also faced an unexpected technical hurdle from the UK Treasury Department. Nevertheless, London once again ratified support for the Falkland's right to explore and exploit its natural resources.

  • Thursday, February 1st 2024 - 10:15 UTC

    Argentina: Fuel at pumps soars as gov't lifts taxation cap

    Decree 107/2024 bears the signatures of President Milei and Ministers Luis ‘Toto’ Caputo (Economy) and Guillermo Francos (Interior)

    Drivers lined up for hours Wednesday in Buenos Aires and other places across Argentina as a new increase in the price of fuel at pumps was expected to be enacted Thursday following a decision by the administration of President Javier Milei to release a liquid fuel (ICL) and carbon dioxide (IDC) tax cap in force since 2021, it was reported.

  • Friday, January 26th 2024 - 15:01 UTC

    Falklands advancing in making MPA energy sustainable with Mare Harbour Wind Farm

     MLA Pete Biggs who holds the Environment and Public Structure portfolio at the Legislative Assembly

    Following approval from ExCo on Tuesday 23 January, the Falkland Islands Government in joint working with British Forces South Atlantic will be able to proceed with “in principle approval” for Phase Two of the Mare Harbour Wind Farm.

  • Wednesday, January 24th 2024 - 10:32 UTC

    NASA acknowledges Uruguay's striking advancements in wind energy integration

    Despite being a developing nation, Uruguay's commitment to renewable energy surpasses that of many high-income countries

    In a recent article, NASA's Science Mission Directorate commends Uruguay's impressive strides in rapidly incorporating wind energy into its electricity grid, spotlighting the Peralta wind farm in Tacuarembó, in the center of the country.

  • Tuesday, January 23rd 2024 - 17:31 UTC

    Promising update for Sea Lion development and Falklands' oil industry

    According to the 2024 NSAI Independent Report, the certified gross 2C resources in the overall NFB have increased from 712 MMbbls to 791 MMbbls.

    Rockhopper Exploration PLC has released a corporate update in which it refers to the recent release published by Navitas Petroleum LP on the Sea Lion development in the North Falkland basin. The release includes an updated development plan to align with their static and dynamic reservoir models, resulting in the increase in certified resources in an updated NFB independent resource report conducted by Netherland Sewell & Associates on behalf of Navitas.