MercoPress, en Español

Montevideo, December 8th 2016 - 09:46 UTC

Energy & Oil

  • Wednesday, September 14th 2016 - 17:56 UTC

    Falkland Islands Government welcomes better relationship with Argentina

    MLAs Gavin Short, Barry Elsby, Phyl Rendell and Mike Summers address questions from the media this morning.

    The Falkland Islands Government (FIG) has welcomed the agreement made between the Argentine and United Kingdom Governments, laid out under this morning’s joint statement. Speaking to the media, Members of the Falkland’s Legislative Assembly stated they “looked forward to a better relationship with Argentina”, especially in the areas of hydrocarbons, fisheries, shipping and tourism.

  • Tuesday, September 13th 2016 - 19:56 UTC

    Brazil launches ambitious program to auction off oil, power and infrastructure concessions

    Temer's administration is selling assets and pushing for unpopular austerity reforms to prop fiscal accounts that has cost Brazil its investment-grade rating.

    Brazil on Tuesday launched a multibillion-dollar plan to auction off oil, power rights and infrastructure concessions, in an attempt by the new government to bolster private investment in a moribund economy. The government will sell operating licenses for airports in the cities of Porto Alegre, Salvador, Florianopolis and Fortaleza by the first quarter of 2017. It also plans to sell rights to operate federal roads in the center-west and south regions later next year.

  • Tuesday, September 13th 2016 - 19:51 UTC

    Macri announces top level meeting with UK to address ''all issues'', next week in New York

    “We're planning a meeting in New York during the UN sessions. We're going to establish a round of conversations talking about all issues”, Macri was quoted

    Argentine president Mauricio Macri described as a “gesture” the attendance of Foreign Office minister Alan Duncan at the Business and Investment forum in Buenos Aires, and anticipated that UK and Argentina are preparing a bilateral meeting next week in New York on the sidelines of the annual UN general assembly to address all issues including Falklands/Malvinas.

  • Monday, September 12th 2016 - 10:19 UTC

    Guyana working to establish an onshore oil and gas facility to boost the incipient industry

     Guyana said that as industry continues to evolve, “early plans must be put in place to harness synergies and benefits that will arise” said minister Raphael Trotman

    The Guyana government intends to establish an onshore oil and gas facility in the country as it seeks to fully optimize opportunities in petroleum exploration and production. The Ministry of Natural Resources, working in conjunction with the Ministries of Public Infrastructure and Business, says it believes that this facility is critical and said it is part of the raft of measures intended to ensure that Guyana keeps on the right trajectory in the development of the oil and gas industry.

  • Sunday, September 11th 2016 - 16:40 UTC

    Brazil's ex attorney general claims he was fired for trying to deepen Petrobras corruption case

    “The government wants to smother the Car Wash probe. It is very worried,” Medina Osorio was quoted as saying by Veja.

    Brazil's new government is trying to stifle a corruption investigation targeting politicians and major parties, the former attorney general said in a magazine interview a day after being replaced by President Michel Temer. The former official, Fabio Medina Osorio, told weekly magazine Veja that he was fired because he tried to deepen the so-called “Car Wash” corruption probe into the country's oil company Petrobras.

  • Saturday, September 10th 2016 - 11:47 UTC

    Falklands' response to Malcorra's statements of air links to Argentina and the oil industry

    ”The Falkland Islands Government (FIG) has seen the articles in the media attributed to the Argentine Foreign Minister, Susana Malcorra.

    The Falkland Islands Government has acknowledged it is aware of media coverage of Argentine foreign minister Susana Malcorra referred to proposals of possible air links between the Islands and Argentina as well as talks on other areas of interest such as the fishing and hydrocarbons industries.

  • Friday, September 9th 2016 - 06:07 UTC

    Argentina promises 'respectful' cooperation over Falkland Islands

     Argentina is willing to consider resuming direct flights to and from the Falklands and joint UK-Argentine exploration of hydrocarbons around the Islands

    The Guardian's diplomatic editor Patrick Wintour caught up with Argentine foreign minister Susana Malcorra in London and interviewed her on UK-Argentina relations and the Falklands/Malvinas dispute. Ms Malcorra said Argentina wants to end the era of confrontation over the South Atlantic islands.

  • Wednesday, September 7th 2016 - 17:54 UTC

    Falkland Islands Holdings declares lower profitability; plans name change

    FIH Plc said the timing of the name change was “heavily linked to a recovery in the oil price” and recent progress by Premier Oil PLC was “very encouraging”.

    Falkland Islands Holdings PLC on Thursday tabled plans to change its name to FIH Group PLC, as it said profitability in the first five months of its financial year was at a lower level than the prior year. Falkland Islands Holdings, which owns services businesses based in the UK and the Falkland Islands, said it will change its name to FIH Group, subject to shareholder approval, to “more properly reflect the balance of the group's activities”. Its activities are now predominantly in the UK and Europe.

  • Tuesday, September 6th 2016 - 19:36 UTC

    Cuba looking for new oil supplier and begins implementing social security tax

    According to Russia's RT news agency Raul Castro made the request directly to Vladimir Putin

    President Raul Castro has asked Russia to consider beginning to supply Cuba with oil. Before the Soviet Union’s disintegration in 1991, the ex URSS was Cuba’s main supplier under favorable trade terms. Russia's official news network revealed the news, allegedly in a direct request from Castro to president Vladimir Putin.

  • Tuesday, September 6th 2016 - 18:21 UTC

    Russia and Saudis agree to “act together” to lift price of oil from its two-year slump

    Russia's energy minister, Alexander Novak, hailed the cooperation as marking a “new era” in relations between Moscow and Riyadh.

    Energy ministers from the world's two largest oil producers, Russia and Saudi Arabia said on Monday that their countries had agreed to “act together” to lift the price of oil out of its two-year slump, though they provided few details as to how they planned to achieve that goal.