Energy & Oil

Friday, September 6th 2019 - 09:53 UTC
Major oil companies billions in investments incompatible with Paris climate accord, claims energy think-tank

Major oil companies have approved US$50 billion of projects since last year that will not be economically viable if governments implement the Paris Agreement on climate change, think-tank Carbon Tracker said in a report published on Friday.
Thursday, August 29th 2019 - 09:42 UTC
US did not agree to the G7 US$ 20 million emergency aid for the Amazon

The United States did not agree to a US$20 million emergency aid package to help battle wildfires announced by French President Emmanuel Macron at a G7 summit this weekend, a spokesman for the US National Security Council (NSC) said on Wednesday.
Thursday, August 29th 2019 - 08:42 UTC
Petrobras privatization: still the crown jewel and needs congressional approval

Brazil's influential finance minister has convinced President Jair Bolsonaro to consider the once-unthinkable step of privatizing state-owned oil company Petrobras , but stiff political opposition could stifle any effort to sell the country's corporate crown jewel.
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.