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MercoPress, en Español

Montevideo, January 7th 2026 - 12:16 UTC

Energy & Oil

  • Wednesday, December 24th 2025 - 11:05 UTC

    Oil prices surge amid US-Venezuela standoff

    OPEC+ has more than enough spare capacity to cover a complete Venezuelan outage

    International oil benchmarks posted modest gains on Tuesday as the market entered a holiday-shortened week. Investors remained focused on the escalating geopolitical friction between Washington and Caracas, which has introduced a risk premium into an otherwise oversupplied market.

  • Tuesday, December 23rd 2025 - 10:58 UTC

    General strike cripples Bolivia over so-called “Gasolinazo”

    “The Miners' Federation does not go out to tickle people,” Paye warned

    Thousands of miners, coca growers, and labor activists descended on the seat of government on Monday, marking the first day of a national general strike against Bolivian President Rodrigo Paz Pereira's decision to terminate fuel subsidies. The mobilization, led by the Bolivian Workers' Union (COB), has effectively paralyzed the capital and several other major departments.

  • Monday, December 22nd 2025 - 10:34 UTC

    Venezuela: Chevron tanker departs for Texas

    One tanker was seized on Saturday, and another one was being chased on Sunday by US forces

    The Canopus Voyager, a tanker operated by US energy giant Chevron, departed Venezuelan waters on Sunday carrying 500,000 barrels of crude oil destined for Texas. The shipment proceeds despite an aggressive campaign by the President Donald Trump administration to intercept Venezuelan oil exports in international waters.

  • Monday, December 22nd 2025 - 10:08 UTC

    Uruguay and HIF reach agreement for green hydrogen complex

    Signing the documents on behalf of the Uruguayan Government was Presidential Secretary Alejandro Sánchez

    The Government of Uruguay and the multinational firm HIF Global have signed a Memorandum of Understanding (MoU) to develop a synthetic fuels project in the department (province) of Paysandú, representing a record-breaking investment of over US$5.3 billion.

  • Friday, December 19th 2025 - 09:02 UTC

    Argentine gas brings relief to electricity generation in Uruguay

    The activation of this supply line ends a 20-year period during which Uruguay paid maintenance costs for a largely idle pipeline infrastructure

    Uruguay's state-owned electricity company UTE (technically the Administración Nacional de Usinas y Transmisiones Eléctricas) announced this week that importing gas from neighboring Argentina has resulted in savings of around US$3 million in the first seven days.

  • Thursday, December 18th 2025 - 08:11 UTC

    Bolivian President ends fuel subsidies, raises minimum wage

    Paz has blamed the previous administrations of Evo Morales and Luis Arce Catacora for “20 years of looting and waste”

    Bolivian President Rodrigo Paz Pereira has announced a drastic economic overhaul, declaring a state of “economic, financial, energetic, and social emergency,” which includes ending fuel subsidies that have been in place for over 20 years and implementing a significant increase in the minimum wage to offset the resulting inflation.

  • Wednesday, December 17th 2025 - 21:23 UTC

    Venezuela's PDVSA vows to continue global oil exports

    Delcy Rodríguez echoed PDVSA's announcement

    Venezuela’s state-owned oil company PDVSA declared Wednesday that its export operations remain fully functional, signaling a defiant stance against a newly announced naval blockade by US President Donald Trump.

  • Wednesday, December 17th 2025 - 11:18 UTC

    Trump orders total blockade of Venezuela's tankers

    Tankers currently in Venezuela risk seizure if departing, potentially causing a total paralysis of the country’s oil industry

    US President Donald Trump ordered on Tuesday a “total and complete” naval blockade of all sanctioned oil tankers traveling to and from Venezuela, marking the most aggressive move against Caracas' energy sector to date. The announcement came after the recent seizure of a sanctioned vessel.

  • Friday, December 12th 2025 - 10:50 UTC

    Argentina rejects UK and Israeli oil plans for Malvinas

    Argentina intends “to safeguard its sovereign rights and interests,” the Foreign Ministry noted

    Argentina's Foreign Ministry on Thursday issued a vigorous rejection of a reported “Final Investment Decision” by British company Rockhopper Exploration Plc and Israel's Navitas Petroleum Development and Production Limited regarding the “Sea Lion” oil field in the North Falkland Basin.

  • Thursday, December 11th 2025 - 10:28 UTC

    FIG Notes Final Investment Decisions for Sea Lion Development Program

    “The sanctioning of Sea Lion is a major milestone for Rockhopper and all its stakeholders and represents the culmination of over 20 years of work,” said CEO Sam Moody.

    The Falkland Islands Government notes that Navitas Petroleum Development and Production Ltd and Rockhopper Exploration Plc have taken their Final Investment Decisions to invest in the Development Program for the Northern Area of the Sea Lion Field.