Energy & Oil

• Tuesday, January 7th 2020 - 09:36 UTC

  Israel nuclear power: Netanyahu slip of the tongue or subtle warning

  

  In an apparent slip of the tongue, Prime Minister Benjamin Netanyahu described Israel as a nuclear power before correcting himself with a bashful nod and an embarrassed smile.

• Tuesday, January 7th 2020 - 09:08 UTC

  Brazil: mining company agrees to compensation for 17.000 relocations in a capital city

  

  Brazilian petrochemical producer Braskem SA has agreed to a 2.7 billion reais (US$ 667 million) settlement with federal and state authorities in the northeastern state of Alagoas to cover damage caused by a salt mining project there.

• Friday, January 3rd 2020 - 09:50 UTC

  Falklands releases the socio-economic impact of oil and gas development in the Islands

  

  The socio-economic impact of oil and gas development in the Falkland Islands has been the subject of a Government report. This is in anticipation of significant economic activity that will be generated by the potential development of the Sea Lion oilfield as well as planned capital projects.

• 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.