Energy & Oil

Friday, January 24th 2020 - 08:44 UTC
Record oil production in Brazil during 2019

By Irina Slav for Oilprice.com – Brazil produced more than 1 billion barrels last year, the first time it has breached the 1-billion-barrel mark, according to reports from the country’s oil regulator, ANP. The daily average stood at 3.106 million bpd, up 7.78% on 2018, ANP also said.
Thursday, January 23rd 2020 - 19:30 UTC
Falklands' oil company lays out plans for production: 85.000 bpd at peak output

At peak oil production from the Falkland Islands offshore Sea Lion oil field, Premier Oil is hoping for 85,000 barrels of oil per day. Over 20 years they anticipate 255 million barrels of oil in a medium-case scenario.
Wednesday, January 22nd 2020 - 07:13 UTC
Guyana ships its first ever cargo of one million barrels of oil

A vessel carrying Guyana’s first-ever shipment of crude set sail on Monday bound for the U.S. Gulf Coast, oil major Exxon Mobil Corp said, marking the tiny South American nation’s long-awaited debut as an oil exporter.
Monday, January 20th 2020 - 09:55 UTC
Argentina pledges bill to attract investment for production of conventional and unconventional hydrocarbons

Argentine President Alberto Fernandez will send a bill to Congress to attract investment for the production of conventional and unconventional hydrocarbons, a spokesman for the Production Development ministry said.
Thursday, January 16th 2020 - 08:49 UTC
Brazil planning to sell assets worth some US$ 36,3 billion during this fiscal year

Brazil hopes to sell assets worth 150 billion reais (US$ 36.33 billion) in 2020, privatizations secretary Salim Mattar said, adding that the focus this year will be on selling subsidiaries of Centrais Eletricas Brasileiras SA (ELET6.SA).
Tuesday, January 14th 2020 - 09:55 UTC
Brazil pushing ahead with plan to allow mining on tribal lands

Brazil’s government said it was pushing ahead with plans to allow mining on tribal lands, briefing European diplomats on proposals that have drawn criticism from indigenous advocates in Brazil and overseas.
Tuesday, January 14th 2020 - 09:50 UTC
Chile's oil company ENAP faces sanctions for hydro-fracking in Tierra del Fuego

$The country’s environmental superintendent (the SMA) said ENAP had failed to follow protocols in its permits for so-called “hydro-fracking” activities$

Chile’s environmental regulator on Monday charged state oil company ENAP with improper fracking in Tierra del Fuego, a wild, largely unpopulated region at the southern fringe of the South American continent.
Saturday, January 11th 2020 - 10:02 UTC
Brazil opens pipeline to allow Bolivian company to sell gas

The Brazilian government authorized Bolivian oil and gas company YPFB to use the Gasbol pipeline to sell gas to other companies in Brazil beyond state-run oil firm Petrobras, according to a publication on Friday in the official gazette.
Saturday, January 11th 2020 - 09:56 UTC
Major oil discovery offshore Suriname next to Guyana's prolific Stabroek's block

Apache Corp and Total SA announced they had made a major oil discovery in a closely watched area off the coast of South America’s Suriname, sending Apache’s shares surging nearly 27%.
Wednesday, January 8th 2020 - 09:44 UTC
Falklands' Sea Lion project reaches farm-in deal with Tel Aviv listed Navitas

Rockhopper Exploration PLC on Tuesday said it has signed a milestone farm-in deal at the Sea Lion project in the Falkland Islands. Rockhopper shares were 30% higher in early trade in London at a price of 19.44 pence each. Premier was 13% higher at 114.62p.