Energy & Oil

Saturday, October 30th 2021 - 09:22 UTC
Vaca Muerta boosts Argentina's oil output to record number of BPDs

Argentina's output of crude oil has reached an unprecedented 532,566 barrels per day in September 2021, according to a report released Friday by the private firm Regional Investment Consulting (Ricsa), thus surpassing the previous highest mark of 528,782 bpds from March 2020, when the COVID-19 pandemic broke out.
Thursday, October 28th 2021 - 09:00 UTC
South Korea to submit final plan for Paraguayan commuter train next month

South Korea is to submit a Final Commuter Rail Proposal to the Paraguayan Government by Nov. 20, Ferrocarriles del Paraguay SA (Fepasa) CEO Lauro Ramírez announced Wednesday. The new commuter train line will link Asunción to Ypacaraí.
Monday, October 25th 2021 - 22:03 UTC
Fuel goes up in Brazil amid international surge in crude oil

Brazil's oil company Petrobras Monday decreed an increase in the price of gasoline of 7.04% at refineries and 9.15% in the case of diesel fuel, it was announced. These adjustments were to impact the price consumers pay at pumps as of Tuesday.
Monday, October 25th 2021 - 09:32 UTC
Bolivia's FM says no lithium deal discussed with Russia's Gazprom

Bolivia's Foreign Minister Rogelio Mayta Sunday denied press reports according to which he had reached an agreement with the Russian government to exploit lithium from the Salar de Uyuni during his recent trip to Moscow.
Friday, October 22nd 2021 - 08:40 UTC
Argentine province of Neuquén produces highest amounts of oil in 17 years

Thanks to the increasing output from Vaca Muerta, the Argentine province of Neuquén Thursday announced it had extracted an average of 213,808 barrels per day (BPD) during September of 2021, which represented a 40.19% increase against last year's figures.
Thursday, October 21st 2021 - 08:55 UTC
Falklands Election: Mark Pollard and Stacy Bragger after reelection

The Falkland Islands Election is scheduled for Thursday, November 4th. So far MP has published the manifestos of the four candidates for the three benches corresponding to the Camp Circumscription in the Legislative Assembly.
Monday, October 18th 2021 - 09:03 UTC
Uruguay saves money with environment-friendly electricity

Uruguay has become the second country in the world when it comes down to wind-generated electricity, thanks to 43 eolic parks which produce a third (33%) of the electricity consumed nationwide, which has represented savings above US $ 125 million in 2020 alone.
Monday, October 18th 2021 - 08:49 UTC
Puerto Rosales to invest in monobuoys to allow for more Argentine crude exports

Puerto Rosales in the Argentine city of Punta Alta continues to consolidate itself as the main point of exit of crude oil from Vaca Muerta, having dispatched so far 900,000 tons in 2021.
Friday, October 15th 2021 - 01:27 UTC
Bolsonaro now wants Petrobras privatized

Brazil's President Jair Bolsonaro Thursday hinted he might put the national oil company Petrobras up for sale after being criticized for an increase in the price of fuel. During the 2018 presidential campaign, the retired Army Captain said he would only privatize it “if there was no other solution.”
Thursday, October 14th 2021 - 14:58 UTC
Putin anticipates the price of crude could reach US$ 100 a barrel

The price of crude could rise to US$ 100 per barrel in coming weeks, anticipated Russian president Vladimir Putin during the Energy Week conference held in Moscow.