MercoPress, en Español

Montevideo, September 22nd 2018 - 19:13 UTC

Tag: oil industry

  • Saturday, July 14th 2018 - 07:48 UTC

    Venezuela’s oil crisis gets worse: Production keeps falling

    The problems plaguing Venezuela’s oil industry are well-publicized, but the situation continued to deteriorate in June

    Venezuela’s oil production plunged by another 47,500 barrels per day (bpd) in June, compared to a month earlier. An exodus of workers and field shut downs were reported for the month, pointing to a grim near-term future that could see total production dip below 1 million barrels per day (mb/d) by the end of the year.

  • Thursday, June 21st 2018 - 08:57 UTC

    Brazil eases rules in oil industry to boost production

    Petrobras banned top offshore construction companies, most of which domestic,  after the Lava Jato investigation revealed the extend of corruption

    Brazil’s move to ease rules forcing oil producers to buy from domestic suppliers means Latin America’s top producer will be able to sustain output of 5 million barrels per day (pbd) by the mid-2020s, compared to just 3.7 million bpd under prior rules, consultancy Wood Mackenzie said in a report on Wednesday.

  • Sunday, February 25th 2018 - 13:48 UTC

    Why The Next Oil Boom Will Be Fueled By Blockchain

    It's official: Blockchain technology has infiltrated Big Oil.

    Big Oil is due for a disruption.

  • Saturday, February 24th 2018 - 09:38 UTC

    Falklands issues public consultation for the oil industry

    FIG and MLA Roger Spink feel this is the right time to consult with Industry on oil taxation given the potential development opportunities in North Falklands Basin

    The Falkland Islands Government, FIG, has issued a public consultation document covering the taxation regime for oil companies operating in the Falkland Islands and their associated supply chain partners. This consultation will be open until Friday 6 April 2018 for responses from interested parties, which will be summarized and fed into final policy and legislative design later during 2018.