Energy & Oil

• Wednesday, October 16th 2019 - 07:27 UTC

  Brazil eyes a US$1.45 billion payday as big oil flocks to pre-salt

  

  Brazil expects to pocket some US$ 1.45 billion from the sixth round of oil and gas block licensing for the pre-salt zone offshore. Reuters reports, citing the special secretary to the Economy Ministry, Waldery Rodriguez, that the total minimum sum of signing bonuses for all the blocks that will be tendered on November 7th is US$ 1.9 billion.

• Monday, October 14th 2019 - 16:49 UTC

  Falklands oil industry warned by the Argentine government

  

  The recent announcements by Rockhopper PLC and Premier Oil referred to the development of the Sea Lion project in the Falkland Islands, have triggered a reaction from the Argentine foreign ministry.

• Friday, October 11th 2019 - 09:58 UTC

  Argentina: Oil industry fearful of tariffs' freezing as suggested by Alberto Fernandez advisors

  

  Argentina's front-running candidate for president, Alberto Fernandez, has been asked by advisors within his left-leaning coalition to freeze natural gas and power tariffs and to peg oil product prices to pesos instead of dollars as measures to contain inflation and spur economic growth.

• Friday, October 11th 2019 - 09:47 UTC

  Venezuela denies responsibility in the massive oil spill of Brazilian beaches

  

  Venezuela's state oil company PDVSA on Thursday denied accusations by Brazil that it was responsible for a massive oil spill that has polluted beaches on its northeastern Atlantic coast.

• Friday, October 11th 2019 - 09:44 UTC

  “Third world” blackouts in California to prevent deadly forest fires

  

  More than a million Californians were without electricity due to pre-emptive blackouts Thursday, but localized fires broke out as hot, windy conditions spread south toward Los Angeles.

• Wednesday, October 9th 2019 - 10:57 UTC

  Argentina extends exploration licenses to five oil companies in South Atlantic

  

  Argentina has awarded five oil companies licenses to explore for hydrocarbons offshore, in the country's continental shelf, in an area identified as the Argentine Sea, or South Atlantic, which basically extends between the continent and the Falkland Islands

• Tuesday, October 8th 2019 - 09:54 UTC

  Clashes in Ecuador as big march approaches Quito to protest rising fuel prices

  

  Hundreds of indigenous people and farmers clashed with Ecuadoran security forces on Monday as they marched toward the capital Quito to protest against rising fuel prices.

• Tuesday, October 8th 2019 - 09:18 UTC

  Brazil willing to open uranium deposits to private sector companies

  

  Brazil’s mines and energy minister, Bento Albuquerque, said the country expects to resume production at the country’s only uranium mine before the end of the year and would open the sector to private companies.

• Tuesday, October 8th 2019 - 09:03 UTC

  Oil spill in Brazil has affected 42 cities, environment minister reports

  

  Brazil’s environment minister says more than 100 tons of oil has been spilt along the northeastern coast since the beginning of September. Ricardo Salles said Monday on Twitter that 42 cities have been affected by the spills. He did not say how he reached those figures.

• Monday, October 7th 2019 - 09:48 UTC

  Ecuador in turmoil: shopkeepers arrested for raising food prices while street clashes continue

  

  Ecuadorean authorities began arresting shopkeepers for raising food prices as indigenous groups clashed with security forces on Sunday in the fourth day of protests against President Lenin Moreno's austerity measures.