Energy & Oil

• Saturday, December 4th 2021 - 09:31 UTC

  Argentina pays Paraguay part of the US $ 45 million of overdue Yacyretá energy

  

  Argentina Friday paid Paraguay US $ 19 million for overdue Yacyretá energy, Nicanor Duarte Frutos, head of Paraguay's side within Yacyretá's Binational Entity (EBY) announced.

• Thursday, December 2nd 2021 - 09:55 UTC

  Guedes insists in privatizing Petrobras, since the world is heading for “a green and digital economy”

  

  Brazilian economy minister Paulo Guedes underlined on Wednesday that the announced privatization plan of the government (some 100 companies) must include oil giant Petrobras because the “future is green” and in not so many years time the value of crude will be zero.

• Tuesday, November 30th 2021 - 09:00 UTC

  OPEC+ meets Thursday to decide January cuts; pre-pandemic oil output level expected to be reached in May

  

  By Tsvetana Paraskova for Oilprice.com – All Russian oil companies have confirmed they can raise production to the levels before the pandemic if the alliance chooses to proceed with monthly increases in output, Russian Deputy Prime Minister Alexander Novak said on Monday.

• Thursday, November 25th 2021 - 09:55 UTC

  Presidents of Brazil and Paraguay meet in Brasilia but reach no agreement on Itaipú rates

  

  Brazil's President Jair Bolsonaro Wednesday did not concede an iota of what his Paraguayan counterpart Mario Abdo Benítez was seeking during a bilateral Summit in Brasilia to discuss Annex C of the Itaipú agreement regarding fees.

• Thursday, November 25th 2021 - 09:33 UTC

  Russian company finds oil off the coast of Tabasco in Mexico

  

  Russia's Lukoil oil company Wednesday announced the finding of an oil reserve off the coast of Tabasco in Mexico believed to be worth 250 million barrels of crude. ”The reservoir was discovered when drilling the Yoti West-1EXP well from the semi-submersible platform Valaris 8505,” according to a company statement.

• Wednesday, November 24th 2021 - 08:46 UTC

  Bolsonaro favors reviewing Petrobras' formula to adjust price of fuel

  

  Brazil's President Jair Bolsonaro Tuesday said he intended to have Petrobras' international parity system reviewed, although he fell short of disclosing how he planned to go about it.

• Saturday, November 20th 2021 - 09:17 UTC

  Why China and India aren’t the climate villains of COP26

  

  By Daniel Parsons and Martin Taylor (*) – The Glasgow Climate Pact urges countries to “accelerate efforts towards phasing down”, rather than “phasing out”, coal power that isn’t mitigated by carbon capture and storage.

• Friday, November 19th 2021 - 09:21 UTC

  The Antipodas project, a US$2 Billion Subsea Solar Power Cable From Chile To China

  

  By Halev Zaremba Oilprice.com – One of the biggest challenges standing in the way of achieving a 100% renewable energy transition is the fact that key sources of renewable power including wind and solar are variable - meaning that they don’t supply a steady flow of energy production. Instead, they are dependent on external factors such as weather, daylight hours, and seasons.

• Thursday, November 18th 2021 - 03:42 UTC

  OPEC+ Raised Oil Production by more than 400,000 BPD in October

  

  By Tsvetana Paraskova for Oilprice.com – Led by production increases in Saudi Arabia and Russia, the OPEC+ group raised its October oil output by 490,000 barrels per day (BPD), TASS news agency quoted the International Energy Agency as saying in its monthly report on Tuesday.

• Thursday, November 11th 2021 - 09:01 UTC

  UK pledges HGVs will be zero-emission by 2040; unveils new chargepoint design

  

  The United Kingdom has announced all-new road vehicles in the country will be zero-emission within the next two decades, while charge points are to be the main focus to adapt to the EV revolution.