Energy & Oil

• Thursday, April 29th 2021 - 07:25 UTC

  Chile on track to phasing out coal as source to generate electricity

  

  Chilean plans to close half of the country's coal-fired electricity generating plants by 2025, Energy Minister Juan Carlos Jobet assured Wednesday during a ceremony in which the generating company Engie vowed to either close or convert six of the oldest plants by 2024, with a capacity of 800 megawatts (MW).

• Monday, April 26th 2021 - 08:38 UTC

  Bolivia's YPFB eyes oil income of US $ 1,900 million for this year

  

  Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) CEO Wilson Zelaya announced the state-run company projected an oil income above 1,900 million US dollars for the year 2021, which would represent a 35% growth compared to 2020.

• Saturday, April 24th 2021 - 07:02 UTC

  Paraguay and South Korean finalize details for joint electric car parts production to start in 2022

  

  Paraguay's Minister of Industry and Commerce (MIC) Luis Alberto Castiglioni Friday discussed with South Korean Ambassador To Asunción In Shik Woo the establishment of an Auto Parts Technology Center for electric cars in the South American country, which is due to commence in 2022 and last for about five years, it was reported.

• Thursday, April 22nd 2021 - 09:15 UTC

  Uruguay tops Latin American transition to environment friendly energy sources

  

  Uruguay continues to be Latin America's leading country regarding energy transition towards renewable sources, according to an index released jointly this week by the World Economic Forum and the Accenture consultancy firm.

• Friday, April 2nd 2021 - 09:58 UTC

  One power plant starts operating in Argentina, foundations laid for another

  

  The 21 MW thermoelectric power plant of Río Turbio Carboniferous Field Wednesday at 8 am began to generate electricity and deliver it to the National Interconnected System, it was announced.

• Friday, March 19th 2021 - 08:50 UTC

  Argentina buying LNG cargoes from BP, preparing for the coming winter

  

  Argentina's state-owned IEASA received offers from 14 companies to supply 24 LNG cargoes at an average price of US$ 6.50/mn Btu. All the offers are expected to be awarded for a total of US$ 330mn, according to the energy secretariat.

• Thursday, March 18th 2021 - 08:53 UTC

  YPF hikes fuel prices 7% to help finance an ambitious investment plan to boost crude production

  

  YPF, the biggest oil producer in Argentina, said on March 16 that it hiked diesel and gasoline pump prices by 7%, helping to finance a US$2.7 billion investment plan to boost crude output.

• Tuesday, March 9th 2021 - 09:51 UTC

  Oil heading for US$ 70 a barrel on OPEC+ latest decision to retain output cuts

  

  Oil is heading toward US$ 70 a barrel after OPEC+ chose not to relax supply curbs even as the global economy pulls out of its pandemic-driven slump, confounding widespread expectations the group would loosen the taps.

• Saturday, March 6th 2021 - 09:40 UTC

  Falklands extends Rockhopper's offshore licenses until November 2022

  

  The Falkland Islands government has agreed to extend each of Rockhopper Exploration plc’s offshore North Falkland basin petroleum licenses, including the Sea Lion discovery area, until Nov. 1, 2022. The extension includes no additional license commitments. The previous expiry date was May 1, 2021.

• Saturday, March 6th 2021 - 09:35 UTC

  Norway's Equinor, YPF and Shell will operate a block in North Argentine basin

  

  Norway's Equinor and YPF have entered into an agreement with Shell to jointly farm-down 30% non-operated interests in the CAN 100 block in the North Argentine basin, offshore Argentina.