Energy & Oil

• 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.

• Wednesday, March 3rd 2021 - 08:56 UTC

  Argentina again forced to ramp LNG imports , as domestic gas production falls

  

  Argentina forced to quickly ramp up LNG imports in the coming winter months to meet its heating season, as domestic gas production dwindles and Bolivian pipeline imports slow.

• Tuesday, March 2nd 2021 - 09:54 UTC

  Bolsonaro promises to sign on Tuesday a decree suspending a tax on diesel to prevent a truckers strike

  

  Brazilian President Jair Bolsonaro said on Tuesday he would suspend a tax on diesel fuel, to try and placate truckers, but the government would instead hike taxes on banks to offset lost revenue.

• Sunday, February 28th 2021 - 10:35 UTC

  Bolsonaro argues state controlled companies should fulfill a social function

  

  Brazilian President Jair Bolsonaro said that the country’s state-controlled companies should fulfill a social function and any different understanding by their chief executives was unacceptable.

• Friday, February 26th 2021 - 09:40 UTC

  Brazil's share of Electrobras will fall to 45% from 61% under the privatization deal

  

  Brazil’s government will cut its stake in power company Centrais Eletricas Brasileiras SA , or Eletrobras, to 45% from its current 61% in a planned privatization process, a senior official in the Energy Ministry announced on Wednesday.