Energía16

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    • Oil companies
    • Oil Prices
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    Repsol announces large gas discovery in Indonesia

    Russia’s Gazprombank freezes PDVSA’s accounts

    Bulgaria blocks million-dollar transference traced back to PDVSA

    El Sharara oilfield is at the center of talks with Repsol

    Iran to continue oil exports despite U.S. sanctions

    OPEC could move to implement a new production cut agreement

    The absence of a strategy regarding crude prices could lead to new drops

    U.S. sanctions against Iran generate uncertainty in the oil market

    Equinor awarded offshore exploration Project in Canada

    Solarpack sells four solar power plants to CVE Chile for $45 million

    Spain’s vehicle production drops due to impact of WLTP emissions protocol

    Three additional companies approved for registration in ANP’s Permanent Offer

  • Oil Markets
    • Africa
    • Asia
    • Europe
    • Latin America
    • Middle East
    • Spain
    • U.S.

    Spain and Morocco to develop third electric link

    El Sharara oilfield is at the center of talks with Repsol

    Congo signs $14 billion deal to build a hydroelectric project

    Off-grid renewables could solve the global power deficit

    Repsol announces large gas discovery in Indonesia

    India becomes the No 1 buyer of Venezuelan oil post U.S. sanctions

    Abengoa strengthens Spain’s presence in China and Chile

    ReNew Power chooses Siemens Gamesa to develop two 176.8 MW projects in India

    Spain and Morocco to develop third electric link

    The EU closer to its target to obtain 20 percent of its energy from renewables

    Volkswagen’s radical strategic shift

    Cepsa and Masdar to collaborate in the development of renewable projects in Spain and Portugal

    India becomes the No 1 buyer of Venezuelan oil post U.S. sanctions

    Bulgaria blocks million-dollar transference traced back to PDVSA

    Shell, Petrobras, and Galp begin deep-water production at Lula North

    Venezuelans fear new gasoline shortage after U.S. sanctions

    Iran takes first steps to design 20 percent Uranium fuel

    United States will not grant new waivers for Iranian oil

    U.S. sanctions against Iran generate uncertainty in the oil market

    Saudi Aramco has over 70 major projects under development

    Spain to invest €47 billion to face climate change and undertaking the energy transition

    Repsol announces large gas discovery in Indonesia

    Spain to shut down its nuclear power stations before 2035

    Abengoa strengthens Spain’s presence in China and Chile

    Chevron to purchase Texas refinery owned by Petrobras

    United States will not grant new waivers for Iranian oil

    U.S. solar power industry affected by Trump’s tax measures

    U.S. sanctions against Iran generate uncertainty in the oil market

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Home Oil & Gas

Oil & Gas

In this section, you will find the latest news on oil prices and the events in the global scene.

This is the place to do a brief overview of the most recent events in the O&G markets in America, Europe, Asia, Africa, and Oceania.

We focus on current events, oil production in the United States, Middle East, Asia, and Africa.

You will also find the latest on gas exploration around the world, with specialized analysis and statements from the leading spokespersons.

Similarly, we offer updates on the most important events around the world influenced by the oil and gas markets, as well as coverage on the OPEC agreements and their influence on the world order and the main global conflicts.

Last but not least, we cover the highlights in matters of sustainability and the environment related to hydrocarbons production.

In short, here you will find the most recent developments affecting the O&G world.

Jurassic Brexit: An energy treasure could be behind the phantom volcanoes

By Energía 16
2 days ago
in :  News, Oil & Gas
Volcanes fantasma

An unexplored swathe covering 7,000 square kilometers in the North Sea could be hiding oil and gas. In the past, it was believed that the area contained empty chambers formed by extinct volcanoes, known as phantom volcanoes. Millions of years ago, seismic activity under the North Sea came close to creating an ocean between the United Kingdom and Europe. This …

Read More

Repsol announces large gas discovery in Indonesia

By Energía 16
3 days ago
in :  Asia, News, Oil & Gas, Oil companies, Spain

Spanish energy and petrochemical multinational Repsol announced on Tuesday it made a new gas discovery in Indonesia. According to preliminary estimates, the find could contain at least 2 trillion cubic feet of recoverable resources. It is the largest gas discovery made in this Asian insular nation in the past 18 years and constitutes one of the ten largest finds in …

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India becomes the No 1 buyer of Venezuelan oil post U.S. sanctions

By Energía 16
3 days ago
in :  Asia, Latin America, News, Oil & Gas
India Venezuela

India became the No 1 buyer of Venezuelan crude in the first half of February 2019, as the country has increased imports to 66 percent to 620,000 oil barrels per day, according to India’s New Delhi Television (NDTV). On January 28, the U.S. Department of Treasury imposed sanctions against PDVSA and proceeded to freeze assets worth $7 billion to the …

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Did PDVSA avoid the recent financial sancions imposed by the US?

By Energía 16
2 weeks ago
in :  News, Oil & Gas, Oil companies
PDVSA takes measures to avoid financial sanctions

Reuters reports that Venezuela’s state-run oil company PDVSA is telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at Russia’s Gazprombank. This move is a way to avoid the financial sanctions imposed by the U.S since 2017. This bank account was allegedly opened in Moscow, according to a letter signed on February 8 …

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ExxonMobil announces new oil discoveries in Guyana

By Energía 16
2 weeks ago
in :  News, Oil & Gas, Oil companies
Guyana

ExxonMobil announced two new oil discoveries in the coast of Guyana, in the Tilapia-1 and Haimara-1 wells, which raises the total number of findings in the Stabroek block to twelve. The discoveries build on the previously announced estimated recoverable resource of over 5 billion barrels at the Stabroek block. Some parts in this area belong to the coasts of the …

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Shell, Petrobras, and Galp begin deep-water production at Lula North

By Energía 16
2 weeks ago
in :  Latin America, News, Oil & Gas, shell
Lula North

Royal Dutch Shell, through subsidiary Shell Brasil Petroleo Ltda., and partners Petrobras and Galp announced the start of production of the deep water project Lula North in the Santos basin. Production at Lula North is processed by the FPSO P-67 and operated by Petrobras. An FPSO is a Floating Production Storage and Offloading tanker. The P-67 is the seventh FPSO …

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Venezuelans fear new gasoline shortage after U.S. sanctions

By Energía 16
3 weeks ago
in :  Latin America, News, Oil & Gas
gasoline shortage

Gasoline shortage and long lines to fill the fuel tank. This is an image that no one would expect to see in an oil producing nation. Nevertheless, this has happened in Venezuela, the country with the world’s highest crude reserves. And it could happen again. The prospect of the feared lines to fill the gasoline tank started to timidly remerge …

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Naturgy reports a consolidated loss of €2.8 billion in 2018 FY

By Energía 16
3 weeks ago
in :  News, Oil & Gas
Naturgy

Energy group Naturgy announced its results for FY 2018 on Wednesday. The company notified it closed the year with recurring EBITDA growth of 3 percent. It also reported a consolidated loss of €2.8 billion, which it attributed to a significant deterioration in the value of its assets by mid-period. In its annual report, the energy firm explained that this impact …

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Venezuelan Parliament sustains that U.S. sanctions target corruption in PDVSA

By Energía 16
3 weeks ago
in :  News, Oil & Gas, Oil companies
corruption in PDVSA

The sanctions imposed by the Trump administration against the government of Nicolas Maduro have further escalated. The first measures date back to early 2018 and were an attempt to limit Venezuela’s capacity to sell its debt and U.S. assets. Now, however, Washington took the matter one step forward with new sanctions that seek to restrict financing and pressure Hugo Chavez’s …

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Chevron to purchase Texas refinery owned by Petrobras

By Energía 16
3 weeks ago
in :  News, Oil & Gas, Oil companies, U.S.
Texas refinery

Chevron Corp has agreed to purchase an oil refinery in Texas which it will use to process the shale oil coming from its operations in the West side of the state. Nevertheless, this facility has a problematic past and space. The plant has the capacity to process 112,000 barrels per day The U.S. oil company is expected to disclose the …

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The U.S. confronts German companies over construction of the Nord Stream 2 pipeline

By Energía 16
14/01/2019
in :  News, Oil & Gas
Nord Stream 2

The construction of the Nord Stream 2 pipeline in Russia has created the scenario for a new commercial and diplomatic clash between the U.S. and one of its European allies. U.S. ambassador in Germany Richard Grenell warned companies involved in the construction of the Nord Stream 2 that they could face sanctions if they stick to the project, a senior …

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United States will not grant new waivers for Iranian oil

By Energía 16
13/01/2019
in :  iran, Middle East, News, Oil & Gas, U.S.
exenciones

The U.S. government has announced it will not grant more waivers for Iranian oil, after restoring sanctions against this nation. This move evidences the Trump administration’s intent to stifle Tehran’s sources of income. “Iran is now increasingly feeling the economic isolation that our sanctions are imposing … We do want to deny the regime revenues,” Brian Hook, special U.S. representative …

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Energia16 #26

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Noticias Recientes

  • Russia and Saudi Arabia to continue coordination on global energy markets
  • Spain to invest €47 billion to face climate change and undertaking the energy transition
  • Iberdrola reports net profits of over €3 billion
  • Jurassic Brexit: An energy treasure could be behind the phantom volcanoes
  • Repsol announces large gas discovery in Indonesia
  • India becomes the No 1 buyer of Venezuelan oil post U.S. sanctions
  • Copenhill: a ski slope built on top of a waste-treatment plant
  • Decarbonization and e-mobility demand greater commitment and creativity
  • Russia’s Gazprombank freezes PDVSA’s accounts
  • Spain and Morocco to develop third electric link

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Entrevistas

Díaz Carmona: Companies can save up to 8 percent with energy purchasing

Energía 16
13/08/2018

By Juan Emilio Ballesteros 13/08/2018 The Head of Energy Consulting at Ayming Javier Díaz …

Joana Frontela: “Cepsa is firmly committing to innovation as a technological lever to growth”

Energía 16
11/03/2018

By Juan Emilio Ballesteros 12/03/2018 Who is she? As the Head of the Cepsa …

“There are several energy revolutions underway”

Energía 16
02/02/2018

By Inigo Aduriz Who is he? Jaime Malet has been president of the American …

ANÁLISIS DE XTB BROKERS

The Gulf on the Verge of Explosion Due To Natural Gas

Energía 16
01/02/2018

By Joaquín Robles 01/02/2018 Joaquín Robles is a Bachelor in Business Science, with a …

XTB: Oil remains stable

Energía 16
18/01/2017

Joaquín Robles is a Bachelor in Business Science, with a specialization in Private Banking …

Diesel has less time left

Energía 16
11/01/2017

Joaquín Robles is a Bachelor in Business Science, with a specialization in Private Banking …

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