US and Argentina join forces against climate change

The US and Argentina have announced an alliance to tackle climate change. The climate deal between the two countries aims to boost renewables, energy efficiency projects and reduce carbon emissions. US President Barack Obama and Argentinian President Mauricio Macri said they will work together to secure a deal on aviation and hydrofluorocarbon (HFC) emissions. The US […]

Argentina and China fracking leaders outside North America

Argentina and China are leading the way in developing commercial volumes of shale gas outside North America. That’s according to a new report from the US Energy Information Administration (EIA), which stated the two countries have the potential to “significantly increase” production of shale gas and tight oil. It added China has drilled more than 200 wells and […]

Green energy for rural Argentina

Thousands of people in Argentina’s remote towns will have access to green energy, thanks to new funding. The World Bank has approved grants totalling $200 million (£133.6m) for projects which are focused on expanding access to renewable energy among isolated rural populations. They are part of the Renewable Energy for Rural Markets Project (PERMER in […]

Russia and Argentina ‘sign nuclear energy deal’

Russia’s President Vladimir Putin has reportedly signed a series of agreements on nuclear energy in Argentina. They include Russian state atomic company Rosatom helping build new nuclear units in the country. Russia’s Energy Minister Alexander Novak has been reported as saying: “Rosatom is actively working here and has already handed over its technical and commercial […]

World Cup final to drive major power surge

Electricity demand in Britain is expected to soar during the World Cup final between Argentina and Germany this Sunday. The National Grid predicts usage to rise between 700MW and 900MW – equivalent to as many as 360,000 kettles being switched on during half-time and full-time. It found the British public’s continued interest in games involving […]

India and Argentina to work together on renewable energy

India and Argentina have agreed to strengthen co-operation in the field of renewable energy, it has been announced. The Indian Ministry of New and Renewable Energy said the two nations would work together in solar and wind energy and biofuel generation. According to the Ministry, Union Minister Dr Farooq Abdullah “highlighted the Indian approach to […]

Rockhopper presses on with Falklands oil

The UK’s Rockhopper Exploration has made clear it is pressing on with its Falklands oil project ­by announcing a deal to farm out some of the work to Premier Oil. Premier will pay $1billion (£647m) for a 60% stake in Rockhopper’s North Falkland Basin licences and take on a key role as operator at the […]

Argentina threatens UK oil firms with legal action on Falklands

The UK Government has hit back after Argentina’s Foreign Minister threatened British oil exploration firms working in the Falklands with legal action. Yesterday Argentina’s Foreign Minister Hector Timmerman reportedly said “the resources of the South Atlantic are the property of all the Argentines” and claimed oil development in the Falklands was “illegal”. The comments follow […]

Spanish firm discovers huge Argentinian oil trove

Spanish oil firm Repsol has struck a huge trove of Argentinian oil which it says is its largest ever find. A reservoir in Neuquén, a southern province of Argentina, yielded 927 million barrels of oil equivalent, 741 million of which are oil.15 vertical wells were drilled in the Vaca Muerta formation, which analyst Wood Mackenzie […]

Buyer pulls out of BP’s $7bn South America sale

BP’s sale of its South American oil company has fallen through after the buyer pulled out citing “legal reasons”. Bridas Corporation sent a letter to BP this weekend to cancel the $7.06billion deal to buy up BP’s 60% stake in Pan American Energy, the second largest producer of hydrocarbons in Argentina. Bridas, which owns the […]