Energy & Oil

• Tuesday, January 16th 2024 - 11:10 UTC

  Peru: Repsol argues area affected by La Pampilla spill is fit for use

  

  The Spanish oil company Repsol said Monday that the Peruvian beaches affected by the 2022 La Pampilla spill were again fit for travelers.

• Saturday, January 6th 2024 - 10:10 UTC

  FPSO Sepetiba begins production at Petrobras’ third largest oil field off Brazil

  

  Oil and gas giant Petrobras has started production from a floating production, storage, and offloading (FPSO) vessel at its giant Mero oil field in the pre-salt area of the Santos Basin offshore Brazil. The third production unit at the field, out of a total of five, since two are yet to be installed.

• Tuesday, December 26th 2023 - 08:20 UTC

  Angola quitting OPEC over dispute about oil production quotas

  

  Angolan official media have reported from Luanda that Angola is leaving OPEC, following a meeting of the Council of Ministers, let by the president of the country, Joao Lourenco.

• Wednesday, December 20th 2023 - 09:55 UTC

  Maduro meets with Repsol executives to advance on joint venture

  

  Venezuelan President Nicolás Maduro met Tuesday in Caracas with executives from the Spanish oil company Repsol to further discuss the details of Monday's agreement with the South American country's PDVSA (Petróleos de Venezuela) to reactivate operations as the United States temporarily lifted some sanctions previously imposed on the regime.

• Wednesday, December 20th 2023 - 09:55 UTC

  Essequibo conflict means higher insurance costs for Guyana

  

  Amid escalating concerns about the Essequibo crisis with neighboring Venezuela, Guyana has been included in the list of greatest risk for maritime transport drafted by insurers Lloyd's Market Association for vessels visiting offshore facilities in the former British colony's Exclusive Economic Zone, beyond “territorial waters.”

• Monday, December 18th 2023 - 10:53 UTC

  Argentina to buy electricity from Brazil due to storm

  

  Following the disruption caused by last weekend's storms to the country's grid, Argentina will import electricity from Brazil on a transitory basis, it was reported Sunday, in addition to other emergency measures adopted to face the crisis and restore supply in parts of the Autonomous City of Buenos Aires (CAMA) and its Metropolitan Area (AMBA).

• Wednesday, December 6th 2023 - 10:44 UTC

  Maduro to grant oil-drilling licenses in Essequibo

  

  Although Venezuela does not have since 1899 the effective control of the Essequibo area disputed with Guyana, President Nicolás Maduro announced Tuesday that he planned to grant oil-drilling licenses after Sunday's referendum recognized the South American country's alleged rights over the territory.

• Wednesday, December 6th 2023 - 10:30 UTC

  Falklands will proceed with Phase Three of Sand Bay Wind Farm

  

  Following approval from the Executive Council on Monday 27 November, the Falkland Islands Government will be able to proceed with “in principle approval” for Phase Three of the Sand Bay Wind Farm.

• Wednesday, December 6th 2023 - 10:18 UTC

  Encore of “tripledemic” feared in California

  

  Health authorities in the US State of California have reported a surge in the number of cases of Covid-19, flu, and RSV (respiratory syncytial virus). In response, residents have been urged to get vaccinated in a move to avoid the potential collapse of the sanitary network where an encore of last year's “tripledemic” is feared.

• Saturday, December 2nd 2023 - 20:14 UTC

  Venezuela ignores UN ICJ ruling and will go ahead with a referendum on Guyana's Esequibo

  

  Venezuela will press on with a weekend referendum over the fate of a vast disputed area in the Esequibo region it claims, disputing neighboring Guyana's jurisdiction, despite the UN International Court of Justice, ICJ, Friday ruling urging restraint in the dispute.