Energy & Oil

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.
Wednesday, August 7th 2019 - 09:20 UTC
Cuba to defend itself in US court against oil giant ExxonMobil

Cuba announced on Tuesday it would defend itself in US court against oil giant ExxonMobil, which has accused two companies on the island nation of “unlawful trafficking” of its assets after Fidel Castro's 1959 communist revolution.