Energy & Oil

• Monday, September 9th 2019 - 09:45 UTC

  OPEC+ wants to further cut output to support oil price, but admits it no longer controls the market

  

  Top oil producers will consider fresh output cuts at a meeting this week, but analysts are doubtful they will succeed in bolstering crude prices dented by the US-China trade war.

• Saturday, September 7th 2019 - 09:58 UTC

  Venezuela land dispute with Guyana on front stage and Guaido accused of high treason

  

  Venezuelan prosecutors said Friday they would charge opposition leader Juan Guaido with “high treason” for planning to renounce the country's claim to a disputed border area controlled by Guyana.

• 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%.