Energy & Oil

• Saturday, April 6th 2019 - 09:20 UTC

  US blacklists PDVSA tankers and two companies shipping Venezuelan oil to Cuba

  

  US Vice President Mike Pence announced sanctions on Friday on 34 vessels of Venezuela's state oil company and two companies that ship crude to Cuba as Washington pushes to oust President Nicolas Maduro.

• Saturday, April 6th 2019 - 09:17 UTC

  Dutch campaigners hand Shell a lawsuit forcing it to meet Paris climate accords

  

  Climate campaigners marched to Shell's headquarters in the Netherlands on Friday and handed the oil giant a lawsuit aimed at forcing it to meet targets in the Paris accord. Dozens of chanting activists went to the Anglo-Dutch firm's base in The Hague, where they delivered a legal summons with a court date set for Apr 17.

• Saturday, April 6th 2019 - 09:02 UTC

  French/Canadian consortium takes Petrobras major gas pipeline in north Brazil

  

  A consortium led by France's Engie SA submitted the highest offer for a major gas pipeline unit owned by Petrobras, the state-run oil firm said on Friday, as the company's biggest divestment draws to a close.

• Wednesday, April 3rd 2019 - 19:15 UTC

  Guaidó after the strip of his immunity: “Nothing is going to stop us”; leaders ask for military intervention

  

  The ruling National Constituent Assembly (ANC) decided to withdraw parliamentary immunity to the opposition leader, President of the National Assembly (AN) and declared interim President of Venezuela, Juan Guaidó, who affirmed that nothing will stop him by ensuring that “there is no need to respond to an organism that does not exist. ” Opposition leaders expect to activate an article of the constitution that allows the AN to authorize a foreign military intervention in the country in order to withdraw “illegitimate” President Nicolás Maduro.

• Wednesday, April 3rd 2019 - 08:43 UTC

  Rockhopper cuts losses and is progressing on Falklands' oil field development

  

  Rockhopper Exploration PLC on Tuesday said its loss narrowed in 2018 as it progresses on field development in the Falkland Islands. The oil & gas exploration and production company's loss narrowed in 2018 to US$ 7.1 million from US$ 9.0 million a year before, as revenue climbed to US$ 10.6 million from US$ 10.4 million.

• Monday, April 1st 2019 - 08:44 UTC

  Petrobras interested in tendering to explore for oil and gas offshore Israel

  

  Brazilian state-run oil firm Petrobras is considering bidding in a new tender to explore for oil and gas offshore Israel, a leading Israeli financial news website reported on Sunday. Calcalist reported that a final decision could be announced during a four-day visit to Israel by Brazilian President Jair Bolsonaro that began on Sunday.

• Monday, April 1st 2019 - 08:20 UTC

  Venezuela collapses: no power, water or internet; Schools suspended, workday limited to 02:00 PM

  

  Venezuela’s President Nicolas Maduro announced 30 days of electricity rationing on Sunday, after his government said it was reducing the length of the workday and keeping schools closed due to devastating blackouts plaguing the country.

• Sunday, March 31st 2019 - 17:07 UTC

  Venezuela suffers the fifth mass blackout of the month

  

  A new massive blackout was recorded this weekend in Venezuela after a nationwide interruption of electricity service this Friday, which was slowly restored in main cities as Caracas. However, a new relapse of the supply occurred on Saturday night, affecting 16 states of the country - more than half.

• Saturday, March 30th 2019 - 08:15 UTC

  Argentina election year: Macri increases spending on energy subsidies

  

  Argentina will increase spending on energy subsidies by more than US$ 100 million this year to compensate gas companies hit by delayed domestic price increases, a source at the nation's energy secretariat said.

• Thursday, March 28th 2019 - 09:01 UTC

  Venezuela has ceased to supply power to a Brazilian northern state

  

  Brazil Mines and Energy Minister Bento Albuquerque said that Venezuela had not complied with its contract to supply the northern state of Roraima with energy since March 7. Roraima is a neighbor of Venezuela and an international bridge has become an escape way for thousands of Venezuelans fleeing from the Nicola Maduro regime and the lack of food and medicines.