Energy & Oil

• Monday, February 5th 2024 - 10:53 UTC

  Falklands oil industry: UK complete support, but no financial backing for islands’ bonds

  

  Exploring the viability of the oil industry in the Falkland Islands is building up since its Readiness program in 2014 and has been further boosted by recent agreements among companies interested in developing potential projects, but it recently also faced an unexpected technical hurdle from the UK Treasury Department. Nevertheless, London once again ratified support for the Falkland's right to explore and exploit its natural resources.

• Thursday, February 1st 2024 - 10:15 UTC

  Argentina: Fuel at pumps soars as gov't lifts taxation cap

  

  Drivers lined up for hours Wednesday in Buenos Aires and other places across Argentina as a new increase in the price of fuel at pumps was expected to be enacted Thursday following a decision by the administration of President Javier Milei to release a liquid fuel (ICL) and carbon dioxide (IDC) tax cap in force since 2021, it was reported.

• Friday, January 26th 2024 - 15:01 UTC

  Falklands advancing in making MPA energy sustainable with Mare Harbour Wind Farm

  

  Following approval from ExCo on Tuesday 23 January, the Falkland Islands Government in joint working with British Forces South Atlantic will be able to proceed with “in principle approval” for Phase Two of the Mare Harbour Wind Farm.

• Wednesday, January 24th 2024 - 10:32 UTC

  NASA acknowledges Uruguay's striking advancements in wind energy integration

  

  In a recent article, NASA's Science Mission Directorate commends Uruguay's impressive strides in rapidly incorporating wind energy into its electricity grid, spotlighting the Peralta wind farm in Tacuarembó, in the center of the country.

• Tuesday, January 23rd 2024 - 17:31 UTC

  Promising update for Sea Lion development and Falklands' oil industry

  

  Rockhopper Exploration PLC has released a corporate update in which it refers to the recent release published by Navitas Petroleum LP on the Sea Lion development in the North Falkland basin. The release includes an updated development plan to align with their static and dynamic reservoir models, resulting in the increase in certified resources in an updated NFB independent resource report conducted by Netherland Sewell & Associates on behalf of Navitas.

• Tuesday, January 23rd 2024 - 10:53 UTC

  Power restored at Uruguay's Artigas Base in Antarctica

  

  Uruguay's National Administration of Power Plants and Electrical Transmissions (UTE) has restored power supply at the South American country's Artigas Scientific Base in Antarctica, it was reported Monday in Montevideo. The service had been interrupted between Thursday at 2.28 pm and late Sunday.

• Tuesday, January 23rd 2024 - 10:49 UTC

  Falklands applies for expansion of wind farm which supplies 35% of Stanley's energy

  

  The Falklands Islands have invested heavily in green, renewable energy and protection of the environment, while at the same time having as a goal making the Islands energy independent, secure and resilient. This has meant that 90% of households in Camp use energy derived from wind and solar power, while 35% of Stanley’s energy comes from wind power, mainly three eolic turbines at Sand Bay.

• Friday, January 19th 2024 - 10:27 UTC

  Lithium: Bolivia's YLB signs new agreement with China's CBC

  

  A new agreement between Bolivia's state-owned Yacimientos de Litio Bolivianos (YLB) and the Chinese consortium CATL, BRUNP & CMOC (CBC) was signed Thursday to install a lithium carbonate pilot plant with Direct Lithium Extraction (DLE) technology in the Uyuni salt flat and would have a production of 2,500 tons per year after an investment worth US$ 90 million.

• Thursday, January 18th 2024 - 10:55 UTC

  Argentina: New oil spill recorded off Bahía Blanca

  

  Argentine authorities in the city port of Bahía Blanca in the province of Buenos Aires said a new oil spill had been reported after the one late last month. However, this time around the damage would have been controlled in less time, it was explained.

• 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.