It was more than rumors that Japanese automotive giants Nissan and Honda were eyeing a merger by 2026 which would revolutionize the industry with the appearance of what in Reuters' view would be the third-largest auto group worldwide. The two companies signed a memorandum of understanding whereby discussions about integration via a joint holding company would go on during 2025, it was announced. Earlier this month, Nissan's CEO Makoto Uchida admitted that the company's situation was “severe.”
Add your comment!During a ceremony at Casa Rosada, Argentine President Javier Milei Friday launched his government's Nuclear Plan, which included the creation of an Argentine Nuclear Council, among other measures. Nuclear energy will have its triumphant return, insisted Milei, who also linked these projects to Artificial Intelligence's development. We have the obligation to think big, Milei also pointed out.
3 commentsAlejandro Stipanicic's resignation Thursday as president of Uruguay's State-run oil company Ancap stirred up the political arena in Montevideo leading up to the transition towards the new government of President-elect Yamandú Orsi.
Add your comment!The Venezuelan administration of President Nicolás Maduro renamed the Oil Ministry which will be henceforth known as Ministry of Hydrocarbons, Executive Vice President Delcy Rodríguez announced Wednesday. The measure seeks to boost the sector, she explained on her Telegram account.
1 commentParaguay's President Santiago Peña met Tuesday with Ignacio Torres, Governor of the Argentine Patagonian Province of Chubut, at the Mburuvicha Roga Residence in Asunción to discuss bilateral issues. The Argentine official also held encounters with local businessmen.
Add your comment!Uruguay's State-run oil company Ancap reported Tuesday a leak in an oil pipeline around the Biarritz (kilometer 71) on Costa de Oro in the department (province) of Canelones. The spill reached the highway causing delays in vehicle circulation for a while as stains of oil and sand were removed.
Add your comment!The Cuban energy crisis situation with its frequent blackouts and fuel shortages means increased economic hardship leading to social unrest, according to international news agencies reports. Blaming the US embargo is the common reaction from the government, but also are an aging infrastructure, lack of investment, plus insufficient supply of fuel add to the people’s misery, living in darkness and uncertainty.
Ecuador's President Daniel Noboa announced Tuesday that the end of the nationwide blackouts is in sight. As of December 20, there will be no outages throughout the country. This decision is based on the recovery of the installed capacity, which for 10 years was irresponsibly neglected, the head of State posted on X.
Uruguay's State-owned oil company Ancap posted losses above US$ 130 million that grew throughout 2024 resulting in a five-year deficit for which its board of directors hold unionists responsible, in addition to a technical stoppage at the La Teja refinery that lasted longer than expected.
Bolivia will be collecting some US$ 120 million yearly for allowing Argentine gas from Vaca Muerta through to Brazil, Economy Minister Marcelo Montenegro explained Wednesday during a press conference in which he highlighted the importance of Tuesday's agreement to bringing fresh foreign currency into the country's coffers in addition to its strategic nature in a regional context riddled with energy challenges.