Energy & Oil

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.
Wednesday, November 20th 2019 - 09:45 UTC
Bolivian forces take control of major gas plant; crucial political discussions for a new election date

Bolivian police and military forces used armoured vehicles and helicopters to clear access to a major gas plant in the city of El Alto on Tuesday, a show of strength after blockades at the facility had cut off fuel supply to nearby La Paz.
Monday, November 18th 2019 - 09:58 UTC
Bolivian surrounded cities running out of fuel and food; government attempts a supply air bridge

Bolivians suffered long lines on the streets of La Paz on Sunday to secure chicken, eggs and cooking fuel as supporters of ousted President Evo Morales continued to cripple the country's highways, isolating population centers from lowland farms.
Friday, November 15th 2019 - 09:45 UTC
Germany and Brazil renew nuclear cooperation agreement; third nuclear plant to be built by 2026

Germany's parliament, the Bundestag, on Thursday ignored pleas from the Green party to scrap a nuclear agreement with Brazil. “Our cooperation in this area has worked well for decades,” Parliamentary State Secretary for the Environment Rita Schwarzelühr-Sutter of the center-left Social Democratic Party (SPD) said. “There are currently no plans to cancel the agreement.”
Friday, November 15th 2019 - 09:40 UTC
First shipment of Vaca Muerta shale LNG to Brazil

Argentine oil company YPF SA has sold its first commercial liquefied natural gas (LNG) cargo to Brazilian state energy firm Petrobras, according to media reports in Buenos Aires.
Tuesday, November 12th 2019 - 21:05 UTC
Bolivia warns Argentina of possible shortage in gas supply due to seizure of plants

The Bolivian state-run oil company YPFB Monday notified Argentina that due to the taking over of some of its facilities in the hands of the groups leading to the overthrow of President Evo Morales, there could be problems with the supply of gas. But the Mauricio Macri administration sees no reason to fear shortages thanks to the reserves stocked, it was reported.
Thursday, November 7th 2019 - 09:43 UTC
Brazil's oil fields auction falls well short of expectations: US$ 17bn instead of US$ 26bn targeted

Brazil's auction of drilling rights to four deep-sea oil fields raised a disappointing US$17 billion on Wednesday, officials said, well short of expectations for the highly-anticipated mega sale.
Wednesday, November 6th 2019 - 09:49 UTC
Bolsonaro unveils fiscal reforms and sends bill to privatize Brazil's largest utility, Electrobras

Brazilian President Jair Bolsonaro's government unveiled a bundle of wide-ranging reforms on Tuesday, aimed at cutting spending and reducing the size of the state to drive down its chronic fiscal deficit.
Wednesday, November 6th 2019 - 09:22 UTC
US crude stockpiles glut forces oil prices down

Oil prices dropped on Wednesday after industry data showed a larger-than-expected build-up in U.S. crude stockpiles, but expectations for an easing of trade tensions between the United State and China capped losses.