Energy & Oil

• Tuesday, December 31st 2019 - 13:15 UTC

  On request from Alberto Fernandez, YPF rolls back a 5% increase in fuel prices

  

  Argentine president Alberto Fernandez asked the state-managed oil company YPF to roll back a 5% increase on fuels scheduled to become effective, January first, and which would have a major impact on inflation and food prices.

• Monday, December 30th 2019 - 09:58 UTC

  Filmus officially appointed as Malvinas, Antarctica and South Atlantic Secretary

  

  The Argentine government made official the appointment of Daniel Filmus as head of the Malvinas, Antarctica and South Atlantic Secretary, which depends on the ministry of foreign affairs and worship.

• Saturday, December 28th 2019 - 09:36 UTC

  Fires in Australia threaten the water infrastructure that supplies Sydney

  

  Australian authorities said on Friday that they are focused on protecting water plants, pumping stations, pipes and other infrastructure from intense bushfires surrounding Sydney, the country's largest city. Firefighters battling the blazes for weeks received a reprieve of slightly cooler, damper conditions over Christmas, but the respite is not expected to last long.

• Thursday, December 26th 2019 - 11:49 UTC

  Saudi Arabia and Kuwait agree to resume oil production in the shared Neutral Zone

  

  Saudi ARAMCO said on Wednesday a new agreement between Saudi Arabia and Kuwait paves the way for the resumption of oil production in the Neutral (partitioned) Zone shared by the two countries.

• Thursday, December 12th 2019 - 17:47 UTC

  Venezuela increases oil output amid drive to keep world inventories low

  

  OPEC Wednesday announced that oil pumping in Venezuela in November reached 697.000 bpd. But one country's increase in production may not have a positive impact in the near future in view of OPEC's decision to curb output in an attempt to keep inventories at a level that holds profit margins attractive.

• Thursday, December 12th 2019 - 15:01 UTC

  Petrobras awards long-term FPSO contract to Dutch operators SBM Offshore

  

  The Dutch company SBM Offshore has been awarded a much-coveted long-term FPSO contract by Petrobras, it was announced Wednesday.

• Monday, December 2nd 2019 - 09:35 UTC

  Peru says the country is ready to responsibly begin mining uranium

  

  A representative from the Peruvian Ministry of Energy and Mines said this weekend that the country is ready to start mining uranium in the southern Puno region. During a workshop on uranium mining targeted at public service personnel, Martha Vásquez, head of the Mining Management Division at the ministry, said that the country is well-equipped to responsibly exploit the radioactive mineral.

• Monday, December 2nd 2019 - 09:19 UTC

  Russia the kingpin of the global gas sector; Putin launches “Power of Siberia” with China's Xi

  

  Russian President Vladimir Putin and Chinese leader Xi Jinping launched this Monday a gas pipeline that is the first of three ambitious projects intended to cement Moscow's role as top gas exporter.

• Monday, November 25th 2019 - 09:46 UTC

  Brazilian oil spill keeps advancing and has reached the north of Rio do Janeiro state

  

  Oil from a spill that has contaminated a stretch of Brazil's coast was detected in Rio de Janeiro state, the navy said over the weekend, as President Jair Bolsonaro warned the country was preparing for the worst.

• Saturday, November 23rd 2019 - 09:04 UTC

  Mexico's giant Pemex, remains world's most indebted oil company

  

  A Mexican government energy policy that gives more weight to state oil company Pemex could cause private sector investment to fall, an analyst with credit ratings agency Standard & Poor’s said on Friday.