Energy & Oil

Friday, September 18th 2020 - 09:36 UTC
The attraction of oil: first ever US Secretary of State visit to Suriname and Guyana

Mike Pompeo on Thursday became the first US secretary of state to visit Guyana and Suriname as the discovery of oil fuels a sudden new interest in the small South American nations.
Thursday, September 17th 2020 - 08:57 UTC
US curbs steel imports from Brazil and Mexico, boosting protection for US steelmakers

President Donald Trump’s administration took new steps to curb steel imports from Brazil and Mexico, boosting protections for battered U.S. steelmakers and jobs in the election battleground states of Pennsylvania, Ohio, and Michigan.
Monday, September 14th 2020 - 11:34 UTC
“Relentless growth of oil demand is over”, anticipates BP in a report

British multinational oil and gas company BP said the relentless growth of oil demand is over, becoming the first super-major to call the end of an era many thought would last another decade or more. Oil consumption may never return to levels seen before the coronavirus crisis took hold, BP said in a report on Monday.
Friday, September 11th 2020 - 09:40 UTC
Brazilian prosecution investigating Petrobras forex transactions between 2008 and 2011

Brazil’s federal police were serving 25 search warrants as part of an investigation regarding foreign-exchange transactions done by oil company Petrobras between 2008 and 2011, according to a statement from federal prosecutors on Thursday.
Friday, September 11th 2020 - 08:36 UTC
It's official: Brazil's 2019/20 grains and oil harvest was a record 258 million tons

Brazil's 2019-20 grains and oilseeds harvest reached a 258mn t record as total acreage increased and yields performed well, despite some unfavorable weather conditions throughout the year.
Friday, September 4th 2020 - 08:44 UTC
Brazil tightens safety demands for dams in the mining industry

Brazil's Senate passed a bill on Wednesday that tightens the safety rules and inspection for dams in the mining industry, setting fines of up to 1 billion reais (US$ 200 million) for failure to comply.
Monday, August 31st 2020 - 09:55 UTC
Argentina preparing to draft an oil exploration round in its extended South Atlantic continental shelf

Oil and fisheries will spearhead Argentina's new efforts in its sovereignty claims over the Falkland Islands, according to Martin Dinatale, an Argentine columnist with good contacts in the foreign ministry and who has followed the Islands dispute for years.
Monday, August 31st 2020 - 09:48 UTC
Argentina determined to promote oil and gas production and exports

Argentina’s new energy secretary Dario Martinez plans to promote oil and natural gas production with a view to increasing exports as part of a strategy to pull the economy out of one of its worst crises on record.
Monday, August 31st 2020 - 08:31 UTC
Nuclear generated electricity increases for seventh year running

Electricity generated from the world’s nuclear reactors increased for the seventh consecutive year in 2019, with electricity output reaching 2657 TWh. This was an increase of 95 TWh on the previous year, and the second-highest ever output, according to Agneta Rising, Director General of World Nuclear Association.
Friday, August 28th 2020 - 08:24 UTC
Rockhopper Exploration sells Ireland's United Oil stake for €3.4m

Rockhopper Exploration has sold its 18.3% stake in Ireland-based United Oil & Gas for US$ 4m (€3.4m). The deal announced tonight concludes United’s reverse takeover earlier this year of Rockhopper’s Egyptian subsidiary and its operations in the Abu Sennan oil field for US$ 15.5m (€13m).