Tag: energy

• Tuesday, June 18th 2019 - 09:54 UTC

  Argentina opens an official inquiry into Sunday's massive blackout

  

  Argentina has opened an inquiry into what caused a massive blackout that left nearly 50 million people without power, Energy Minister Gustavo Lopetegui said on Monday.

• Thursday, May 9th 2019 - 08:41 UTC

  Brazil expects US$ 30bn from offshore oil auctions next October and November

  

  Brazil expects to collect some US$ 30 billion in signing bonuses this year from three upcoming offshore oil auctions set for October and November, an official revealed this week.

• 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.

• Saturday, March 16th 2019 - 09:56 UTC

  China and Argentina resume talks for the construction of a nuclear power plant

  

  A delegation from China will visit Argentina this month to discuss the construction of a nuclear power plant, signaling possible progress in a deal that could increase Beijing’s deepening influence in Argentina. Accordingly, the “technical team” from China would meet local suppliers about the long-stalled nuclear power plant project, reportedly worth up to US$8 billion.

• Friday, March 8th 2019 - 09:11 UTC

  Premier Oil reports 2018 profit as a result of record production

  

  UK-based oil and gas firm Premier Oil with interests in the Falkland Islands has announced its full-year results for 2018, reporting a post-tax profit hike to US$ 133.4m as a result of record production. These full-year results are a ‘return to profitability’ from 2017’s full-year loss of US$ 253.8m.

• Thursday, March 7th 2019 - 08:43 UTC

  UK and industry plan 30% of electricity from offshore wind farms by 2030

  

  A deal confirmed between the UK government and the wind industry will ensure 30% of electricity comes from offshore wind by 2030. The move will help the UK towards the aim of securing almost all its power from low-carbon sources by 2030.

• Tuesday, January 29th 2019 - 08:43 UTC

  Brazilian government considering management overhaul at miner Vale SA

  

  Brazil’s government weighed pushing for a management overhaul at miner Vale SA on Monday as grief over hundreds feared killed by a dam burst turned into anger, with prosecutors, politicians and victims’ families calling for punishment. By Monday, firefighters in the state of Minas Gerais had confirmed 65 people killed by Friday’s disaster, in which a burst tailings dam sent a torrent of sludge into the miner’s offices and the town of Brumadinho.

• Monday, January 28th 2019 - 09:18 UTC

  Oil prices fall on Monday as US crude production is anticipated to increase

  

  Oil prices fell on Monday after U.S. energy firms added rigs for the first time this year in a sign that crude production there will rise further. U.S. spot crude oil futures CLc1 were at US$ 53.37 per barrel at 0027 GMT, down 32 cents, or 0.6 percent, from their last settlement.

• Tuesday, January 15th 2019 - 09:23 UTC

  Macri praises Chinese investment in hydropower projects in Patagonia

  

  Argentina's president Mauricio Macri on Monday said the joint Argentina-China hydropower megaproject is “highly important” and “emblematic” in terms of renewable energy and economic development. Macri made the remarks during his first official visit to the construction site of the project, where two hydroelectric dams, Condor Cliff and La Barrancosa, are being erected along the Santa Cruz River in Patagonia to boost national energy output.

• Thursday, January 3rd 2019 - 09:00 UTC

  Paraguayan group buys 124 YPF gasoline stations in 17 Argentine provinces

  

  The Paraguay group Delta Patagonia has signed an agreement with Argentina's managed oil company YPF for the acquisition of 124 gas stations in 17 provinces. The service stations will now operate under the brand Gulf Combustibles.