News of energy

700,000 left without power in Argentina as temperatures soar

11-01-2022 23:12 Approximately 700,000 users across Greater Buenos Aires suffered a lengthy power cut on Tuesday as temperatures hit sweltering highs, soaring above 40 degrees Celsius.

Argentina to raise power, natural gas prices by 17% and 20% in 2022

29-12-2021 14:47 Argentina is preparing to announce hikes to household utility tariffs in 2022, with a 17 percent cap on electricity prices and 20 percent cap on natural gas prices.

'No progress' on eve of Iran nuclear talks, says UN agency

24-11-2021 16:13 Rafael Grossi, director general of the International Atomic Energy Agency (IAEA), told a quarterly meeting of the agency's board that talks he held in Tehran on Tuesday were "inconclusive" despite being "constructive."

Rafael Grossi: Climate crisis could give nuclear energy a second wind

08-11-2021 12:50 As the climate crisis deepens and the need to transition away from fossil fuels becomes more urgent, attitudes to nuclear energy may be shifting, says Rafael Mariano Grossi, the director general of the International Atomic Energy Agency

Argentina’s oil workers getting 15% wage increase in December

05-11-2021 14:09 Workers in the oil industry in Argentina will receive wage increases next month, according to a government statement.

Shell, YPF to invest US$300M at Vaca Muerta in next two years

05-11-2021 02:12 With a US$300-million investment, the companies hope to reach a production of 15,000 barrels per day by 2024 and employ 800 people.

Cheap electricity a boon for bitcoin mining in cash-strapped Venezuela

01-09-2021 12:55 In crisis-stricken Venezuela, crypto mining presents an economic opportunity for a lucky few, made possible by one of the world's lowest electricity prices.

Government advances plans to build two new nuclear power plants

21-08-2021 21:30 Argentina is advancing towards the construction of two new nuclear power plants – one with Chinese Hualong technology and another Candu reactor combining national knowhow and Canadian support.

by Ariel Stemphelet

Pause in Iran nuclear talks 'uncomfortable,' says IAEA chief Grossi

20-07-2021 11:45 Stalling of negotiations on Iranian nuclear programme until a new government takes office in Tehran puts the teams of inspectors in an "uncomfortable situation," IAEA chief Rafael Grossi.

Yields topping 14% lure investors to world’s best utility bond

14-07-2021 10:14 The world’s best performing utility bonds come from an unlikely corner of emerging markets – Argentina.

Crypto mining booms on cheap, subsidised energy in Argentina

31-05-2021 10:41 Bitcoin miners are capitalising on the inefficiencies of the country’s interventionist economy to reap outsize returns, fuelled by memories of currency busts and powered by government-subsidised electricity.

Top Argentine gas shipper to face frozen rates for another year

12-05-2021 15:22 Argentina's largest natural gas transporter faces another year of frozen rates, which is eroding its profits, according to the company.

Bolsonaro calls for more changes after general goes to Petrobras

21-02-2021 08:25 Brazil leader says that more changes are underway after naming a former general to head Petrobras. Experts say Bolsonaro has chosen "economic populism."

World's first wind tax leaves green developers scratching heads

25-01-2021 07:23 Puerto Madryn wants to tax the megawatts of energy sold by wind farms, drawning scorn from clean-energy companies, who say the move threatens climate-change goals.

China’s state grid makes a US$3-billion push into Latin America

13-11-2020 13:53 State Grid Corp of China will pay 2.57 billion euros for an electricity network company in Chile, its first overseas deal in almost a year and a move that resumes its expansion abroad.

Rout in billionaire family's bonds shows no-one trusts Argentina

25-09-2020 11:55 For all of Argentina’s assurances that a round of capital controls announced last week are only temporary, investors are making the opposite bet – and the evidence is there for all to see.

YPF shifts focus to strengthening finances as debt payments loom

13-05-2020 14:52 State oil and gas company's new CEO tells investors that company will go "back to basics" and cut costs to combat the current crisis.

Argentina halts renewables rollout amid coronavirus

09-05-2020 10:19 Since 2016, when the RenovAR renewable energy auctions started, 131 renewable energy parks, mostly wind power, have entered into commercial operation.

by Fermin Koop

Air pollution global cost estimated at US$2.9 trillion a year

12-02-2020 12:25 Centre for Research on Energy and Clean Air (CREA) and Greenpeace Southeast Asia’s report shows that air pollution caused by fossil fuels cost US$8 billion a day, or roughly 3.3% of the entire world's economic output.

Shell & Equinor partner up to buy Vaca Muerta shale block

31-01-2020 13:44 Royal Dutch Shell Plc and Equinor ASA oil firms jointly buy a 49 percent stake in the Bandurria Sur field. Agreement comes at a critical time for Argentina's nascent shale industry.