https://en.mercopress.com/ South Atlantic News Agency en Copyright 2026, MercoPress. https://en.mercopress.com/web/img/en/mercopress-logo.gif http://en.mercopress.com/ Oil and gas media is reporting that oil giant BP has removed Chair Albert Manifold with immediate effect after the board cited serious concerns over governance standards, oversight, and conduct, appointing Ian Tyler as interim chair while it begins a search for a permanent replacement.

]]> Wed, 27 May 2026 02:00:00 GMT Rockhopper Exploration (AIM:RKH), has highlighted progress at the Sea Lion oil development in the North Falkland Basin, operated by Navitas Petroleum. The first two phases will use the Aoka Mizu FPSO with capacity of 55,000 barrels per day, while a new memorandum of understanding for a second FPSO could lift total capacity by a further 125,000 barrels per day, significantly expanding the project’s production potential if implemented.

]]> Thu, 21 May 2026 06:59:00 GMT Brazil's Federal Public Prosecutor's Office on Wednesday recommended that the Brazilian Institute of Environment (Ibama) not renew the environmental license of the country's only uranium mine, in operation since 1999, until the responsible company duly consults the quilombola communities potentially affected by the activity. The recommendation does not amount to a definitive closure of operations, but it does entail a suspension conditional on compliance with the requirement of prior consultation of the populations affected by the project, in line with the national and international norms in force.

]]> Wed, 20 May 2026 23:49:00 GMT The London Stock Exchange closed on Monday with a gain of 1.26%, driven by the advance of oil and defense companies, in a session marked by the rise of crude oil amid the lack of progress in negotiations between the United States and Iran to end the war. The main index, the FTSE 100, added 128.38 points to close at 10,323.75, while the secondary FTSE 250 advanced 0.07% to 22,611.70 points.

]]> Mon, 18 May 2026 17:41:00 GMT The Cuban government on Thursday accepted the United States' offer of USD 100 million in humanitarian aid for food, fuel, and medicines, in a significant political shift after weeks of public rejection and hours after authorities on the island acknowledged the complete exhaustion of their fuel reserves. The aid will be channeled through the Catholic Church, according to the official statement issued by President Miguel Díaz-Canel, who only the day before had described the US offer as "inconsequential and paradoxical."

]]> Fri, 15 May 2026 02:58:00 GMT The UK Secretary of State for Energy Security and Net Zero Ed Miliband has been accused of handing Beijing a “kill switch” over the British economy, after claiming that green energy will end the UK's reliance on Vladimir Putin’s Russia for its fuel needs.

]]> Thu, 14 May 2026 16:52:00 GMT The conflict in the Strait of Hormuz and its consequences for the global supply of oil and other derivative products have not bypassed the Falkland Islands, which, as one local lawmaker put it, sit "at the tail end of global distribution."

]]> Fri, 08 May 2026 01:20:00 GMT US President Donald Trump on Tuesday night announced the suspension of “Project Freedom,” the military operation launched barely 24 hours earlier to escort stranded vessels through the Strait of Hormuz, citing significant progress toward a peace agreement with Iran. The announcement, posted on his Truth Social platform, contradicted the messaging sustained throughout the day by Secretary of State Marco Rubio, Secretary of Defense Pete Hegseth, and Joint Chiefs chairman General Dan Caine, all of whom had framed the operation as a non-negotiable humanitarian rescue mission for stranded sailors.

]]> Wed, 06 May 2026 01:45:00 GMT Brent crude touched $126.41 a barrel on Thursday, its highest level since Russia's invasion of Ukraine in 2022, after Axios reported that the US Central Command (CENTCOM) was preparing a military plan contemplating a wave of “short and powerful” strikes on Iranian infrastructure to force Tehran back to the negotiating table. The price subsequently moderated to close near $114, a decline partly attributed to the expiration of the June futures contract, but the European benchmark has gained more than 60% since the start of the war against Iran on February 28.

]]> Fri, 01 May 2026 07:44:00 GMT The US-Iran conflict has propelled currencies from energy-exporting countries into the limelight, with windfall profits from exports of oil, gas and metals helping them to outperform the US dollar.

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