The Islamic Revolutionary Guard Corps (IRGC) did not need a war fleet to paralyze 20% of the global oil supply. Targeted attacks on commercial vessels — and the collapse of the maritime insurance market that followed — were enough. Now there are mines in the water that struck the cargo ship Mayuree Naree today in the Strait of Hormuz.
Kuwait declared force majeure on Saturday, Iraqi production has collapsed 70%, and Japan is considering a unilateral release of strategic reserves. Brent hit its highest level since 2022, and operators in Vaca Muerta face a week with more questions than answers.
The company coordinated the international project cargo operation from France to the San Jorge Gulf Basin for two modular polymer injection plants, a key component of its tertiary recovery (EOR) plan, which calls for significant investment.
A focal point of international tensions, Iran holds the world’s third-largest proven oil reserves, estimated at about 208 billion to 209 billion barrels at the end of 2024, accounting for roughly 12% of global reserves and 24% of those in the Middle East
The AROPC engineering hub surpassed 28,000 hours of engineering services exported from Argentina to markets worldwide in 2025. The figure represents a 27% increase over 2024, consolidating sustained and standout growth within ABB’s global operations.
The Argentine company will develop Diamond Tail Solar + Storage, a 220 MW solar park with a 440 MWh battery energy storage system aimed at powering 60,000 homes, interconnecting with the grid of Public Service Company of New Mexico and strengthening its renewable expansion in the U.S. market.
The successful operation by Loginter and Vestas at the Port of Bahía Blanca strengthens the terminal’s position as a strategic logistics hub for the arrival of wind turbines and components, supporting the expansion of renewable energy in Argentina.
The updated Country Limitation Schedule (CLS) allows short- and medium-term credit for Argentina’s public and private sectors. Within the framework of the Reciprocal Trade and Investment Agreement (ARTI), the EXIM Bank decision is set to support projects in Vaca Muerta, lithium and infrastructure, marking a key financial endorsement in the relationship between Buenos Aires and Washington.
The ministerial meeting, which brought together delegations from 55 countries plus the European Union, focused on strategies to counter China’s dominance in critical minerals processing, seen as a challenge for the energy transition, the technology sector, defense, and artificial intelligence.
The Trump administration is betting on a strategic reserve of critical minerals to counter China’s dominance, shield its supply chain and reshape the global balance of key resources for the energy transition and defense.
Following the transfer of shareholding control to the new concessionaires—Edison Inversiones, BML Inversora, and Central Puerto—the Secretariat of Energy set the operational parameters that the hydroelectric complexes must follow.
The family-owned company based in San Nicolás, Buenos Aires province, has begun installing its industrial facilities, which will have an annual steel production capacity of 360,000 tons starting in 2028. The company plans to export to the European Union.
Both companies signed an asset swap agreement. YPF acquires Pluspetrol’s stake in the Meseta Buena Esperanza, Aguada Villanueva and Las Tacanas blocks, three areas considered strategic for the development of the Argentina LNG project. Pluspetrol, in turn, acquires an interest in the La Escalonada and Rincón de Ceniza blocks.
This video shows the extraction of extra-heavy crude, characteristic of Venezuela’s Orinoco Oil Belt. After this stage, the oil is processed using inputs supplied by Iran, then transported by pipeline and ultimately exported to China.
When different types of crude are compared, the mistaken idea sometimes arises that one type of oil is intrinsically “better” than another, but from a process engineering and asset-optimization perspective, the reality is very different.
