the future of Petroleum in Ecuador is being played in an unprecedented and historic national plebiscite that will decide this Sunday whether to stop exploiting one of its main oil deposits, in a vote where environmentalists want to give the world an example of protecting the amazon through the popular vote and the oil tankers […]
Tag: Petroleum
Brazilian Petrobras says that Petro’s proposal has no consensus, not even in Colombia
The president of the Brazilian oil company PetrobrasJean Paul Prates, said this Wednesday that the proposal that the countries of the Amazon suspend the exploration of hydrocarbons, presented in the Summit by the head of state of Colombia, Gustavo Petro, does not have a consensus, not even in his country. “What is observed in the […]
G20 ministerial meeting ends without plan to reduce fossil fuels
The meeting in India of the energy ministers of the G20 ended this Saturday without being able to draw up an action plan for the progressive reduction of the use of fossil energies (oil, gas and coal). The final declaration of this meeting in Goa of the main advanced and emerging powers does not even […]
Latin American oil and gas production rises 9% since the Ukraine war
The energy crisis caused by the Russian invasion of Ukraine is boosting both production and sales oil exports and gas in the countries of Latin America and the Caribbeanwith increases of up to 9% on average since February 2022. This was stated this Thursday by the executive secretary of the Association of Oil, Gas and […]
ADEX: Peruvian exports fall 0.15% in May
The peruvian exports they reached US$25,787 million, which represents a fall of 0.15% in the first 5 months of the year, according to the Association of Exporters (ADEX). This result is attributed to political instability and weather phenomena recorded in different regions. In addition, it is in line with what was projected by the Central […]
Attracting capital, the great challenge for the energy transition in Latin America
Latin America it starts on the road to the energy transition with an advantageous position, but the development of alternative sources faces the difficult challenge of attracting capital flows to finance it. This was explained by the executive secretary of the Association of Oil, Gas and Renewable Energy Companies of Latin America and the Caribbean […]
OPEC: “The world cannot live without oil” and will not be able to in the foreseeable future
The current president of OPEC, the Equatorial Guinean Antonio Oburu Ondo, stated this Wednesday in Vienna that “the world can’t live without Petroleum” and that it will not be able to do without this fossil source in the foreseeable future, given the energy needs of the planet. “The reality of energy is that the world […]
Equinor will be able to drill an offshore well in the Argentine sea from December
Norwegian oil company Equinor will be able to drill a well that is part of an ‘offshore’ project in the North Argentina Basin (CAN) that will take place between next December and June of next year, after the Argentine Government gave it authorization this Tuesday . A resolution of the Secretariat for Climate Change published […]
Saudi Arabia and Russia to extend oil production cuts until August
Saudi Arabiathe world’s largest oil producer, announced Monday that will extend until August the cut in crude production of 1 million barrels per day that it announced in June. The Asian country is seeking to boost what officials see as “stubbornly weak” oil prices. This announcement was also joined by Russia, whose deputy prime minister, […]
The oil future of Ecuador, at stake with an unprecedented national consultation on the Yasuní
Ecuador faces a crucial moment for the future of its Petroleumone of the great pillars of his economy, that is at stake with the unprecedented national referendum to prohibit the exploitation of Block 43-ITT, Deposit located under the Amazon jungle of the National Park Yasunione of the world epicenters of biodiversity. Of the around 480,000 […]