Energy & Oil

• Wednesday, August 28th 2019 - 09:03 UTC

  BP divests from Alaska's Prudhoe Bay to concentrate in Texas shale

  

  British oil giant BP on Tuesday agreed to sell all its Alaskan properties for US$5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60 years.

• Friday, August 23rd 2019 - 09:50 UTC

  Premier Oil trying to sell part of its Falklands' Sea Lion project

  

  Premier Oil is selling its stake in a “world-class” project off the coast of Mexico and wants to reduce its holding in a long-awaited scheme north of the Falkland Islands as it tries to lighten its US$ 2bn debt burden, reports the Financial Times.

• Friday, August 23rd 2019 - 09:40 UTC

  Norway's Equinor and YPF team up to explore Argentina offshore block

  

  Norway Equinor’s executive vice president for Exploration, Tim Dodson, and YPF's CEO Daniel Gonzalez have signed an agreement to jointly explore the CAN 100 offshore block, located in the North Argentine Basin.

• Friday, August 23rd 2019 - 09:34 UTC

  Oil super majors investing heavily in West Texas Permian

  

  The towns in the heart of the Permian in West Texas—once notoriously known as boom or ghost towns depending on the price of oil and drilling activity—have seen steady growth since 2017 and look to expand community and school services as the boom hasn’t been affected by the recent oil price slide.

• Monday, August 19th 2019 - 10:46 UTC

  China trusts Argentina and acquires 50% of lithium brine project in Jujuy

  

  China's Ganfeng Lithium , said on Sunday it had completed a US$ 160 million deal to raise its stake in the Cauchari-Olaroz lithium brine project in the northern province of Jujuy, Argentina to 50%.

• Monday, August 19th 2019 - 09:31 UTC

  Iranian oil tanker finally leaves Gibraltar; US seizure request denied based on EU rules

  

  The Iranian ship held by Gibraltar since July on suspicion of transporting oil to Syria has left port. Marine tracking shows the tanker moving east into the Mediterranean and lists Kalamata in Greece as the destination.

• Monday, August 19th 2019 - 09:25 UTC

  Peruvian peasants protest against Chinese oil company and set on fire offices

  

  A building in a northern Peruvian town was set on fire on Friday in a protest against China National Petroleum Corp that devolved into clashes between police and demonstrators who want the company to make pledges to help the local community, an industry source said.

• Friday, August 16th 2019 - 08:04 UTC

  Gibraltar releases Iranian super tanker hours before a US Justice detention request

  

  The Gibraltar Government on Thursday released the Iranian supertanker Grace 1, which was seized on July 4 on suspicion it was shipping 2.1m barrels of crude oil to Syria in breach of EU sanctions.

• Monday, August 12th 2019 - 06:38 UTC

  Oil prices down dragged by the China/US trade conflict

  

  Oil prices fell on Monday, dragged down by an economic slowdown and worries about the Sino-U.S. trade war, which have led to a cut in the growth outlook for oil demand.

• Friday, August 9th 2019 - 10:41 UTC

  Brazil’s July 12-month inflation 3.22%, and below the 4.5% target

  

  Brazil's inflation rate in July was 0.19%, the lowest rate recorded for that month since 2014, the Brazilian Institute of Geography and Statistics (IBGE) said on Thursday.