Bolivia’s state-owned energy firm YPFB has signed a major deal to supply gas to Russian fertilizer giant Acron’s plants based in Brazil, which opens up
Category: South America
Chile’s Codelco is Losing $2.5 Million Per Day Million on Chuquicamata Strike
Chile’s Codelco has lost $17.5 million in the second week of its ongoing strike of workers at its Chuquicamata copper mine. Coldeco, the world’s largest
Argentina Upholds Glacier Protection Law, Challenging Barrick’s Mining Interests
Argentina, in a unanimous decision, passed Glacier Protection Law that would prohibit mining in glacial and permafrost areas opposed by Barrick Gold, the Canadian mining company.
Peruvian Gold and Copper Mines Hit by Earthquake
The European-Mediterranean Seismological Centre reported on Sunday (26 May) that a magnitude 8.0 earthquake struck northern Peru near copper and gold mines, which prompted officials
Chevron Buys a Texas Refinery from Brazil’s Petrobas
Chevron finalized a $350 million purchase of a refinery located in the Houston suburb of Pasadena in Texas. The American multinational energy corporation acquired the
Geopolitics of Energy: Oil Prices Rise as Political Crisis in Venezuela Escalates
Oil prices have risen after Venezuelan opposition leader Juan Guaido called for military support to put an end to President Nicolas Maduro’s rule but pared
Venezuela Channels Oil Sale Proceeds Through Russia to Bypass US Sanctions
President Nicolas Maduro is trying to fight the sanctions imposed on Venezuela by funneling cashflow through Russian state energy giant Rosneft. The sanctions ultimately aim
Defying US Sanctions: Saudi Oil ‘Accidentally’ Headed for Venezuela
Saudi Arabia sent a large unusual shipment of oil to Venezuela, with shipments between the two countries being very rare. Supertanker Abqaiq – a very
US Sanctions Venezuela’s State-Run Oil Giant PDVSA
The Trump administration started this week by imposing sanctions on Venezuelan state-owned oil company PDVSA with the intention of curbing the country’s crude exports to
Brazil’s Petrobras Starts Process of Leasing Out Its Fertilizer Plants
Brazilian state-owned oil company Petroleo Brasileiro SA – or Petrobras – said last week that it had initiated the process of leasing out two fertilizer