Energy & Oil

Wednesday, April 13th 2022 - 09:53 UTC
“It's going to be a long cold winter in Buenos Aires”

By Haley Zaremba, Oilprice.com – A fuel shortage is causing political turmoil and social unrest in Argentina, and could even result in a food shortage as the South American nation’s grain transporters call or a strike in the face of sky-high fuel prices during the harvest season for soy and corn.
Wednesday, April 13th 2022 - 09:41 UTC
Abdo enacts law eliminating fuel subsidies to Paraguayan brand fuels

Paraguay's President Mario Abdo Benítez Tuesday signed into law the suppression of subsidies to the price of fuel at pumps which helped the state-run Petróleos Paraguayos SA (Petropar) against all competitors.
Tuesday, April 12th 2022 - 10:11 UTC
Price of diesel in the Falklands increases to 80p a liter

The price of diesel in the Falkland Islands has risen. Gareth Goodwin from Stanley Services was quoted by Falklands Television saying volatility risen from the war in Ukraine following the Russian invasion has caused disruptions in global fuel markets.
Tuesday, April 12th 2022 - 10:09 UTC
Falklands oil company shares skyrocket following extension of license

Argos Resources shares surged 23% to 2.4p on news that the Falkland Islands government extended its second term PL001 license. The Falklands Islands-based explorer will not need to commit to any additional work to be granted the license between 1 May 2022 and the year-end.
Monday, April 11th 2022 - 22:54 UTC
Argentina's oil and gas output rise in February

According to a report released in Buenos Aires Monday, the country's interannual production of crude oil went up 13.2% in February of 2022 and that of gas rose 11.1%
Saturday, April 9th 2022 - 15:42 UTC
Paraguay: Electric cars almost sold out amid increase in price of fuel

Paraguayan traders of electric cars have nearly run out of stock as demand grew above projections due to the increasing price of fuel, it was reported Friday in Asunción.
Saturday, April 9th 2022 - 08:08 UTC
Petrobras lowers price of cooking gas

Brazil's state-run Petrobras Friday announced a reduction in the price of Liquefied Petroleum Gas (LPG) sold to distributors and which is used for cooking and heating in households.
Friday, April 8th 2022 - 09:50 UTC
Gas deal between Bolivia and Argentina signed

The Government of Argentina Thursday announced a new understanding with Bolivia to secure a daily gas supply of 14 million cubic meters and a commitment so that, in the future, Argentina will have priority to import any surplus in output.
Wednesday, April 6th 2022 - 09:47 UTC
Uruguay's ANCAP makes US$ 88 million profit in 2021

After several adjustments in the price of fuel, Uruguay's state-run oil company ANCAP reaped profits worth US$ 88 million, authorities from the petrol supplier reported Tuesday in Montevideo.
Wednesday, April 6th 2022 - 09:44 UTC
Massive investments in Guyana's oil and gas industry by Exxon-Mobil

Exxon Mobil is investing heavily off the coast of Guyana expecting future production of some 1,2 million barrels per day of oil and gas by 2027. According to the company the fourth oil project production off Guyana will receive an investment of US$ 10 billion.