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MercoPress, en Español

Montevideo, November 21st 2024 - 06:29 UTC

Energy & Oil

  • Wednesday, November 20th 2024 - 09:34 UTC

    Fuel supply getting back to normal in Bolivia

    “The lines we had for gasoline have progressively diminished,” Hurtado said

    Bolivia's State-run oil company YPFB announced Tuesday that it had restored fuel shipments to the levels before the 24-day road blockade by former President Evo Morales followers, which disrupted supply and caused a nationwide crisis. YPFB explained that 7 million liters of gasoline and the same amount of diesel were distributed, thus ending the long queues at petrol stations that had become a common sight in recent weeks.

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  • Tuesday, November 19th 2024 - 21:15 UTC

    Paraguayan President says he is okay after Monday's hospitalization

    Peña shifted the spotlight from his health crisis onto sporting events

    Paraguayan President Santiago Peña Tuesday shared a video message on social media saying he had fully recovered from Monday's health crisis that had him hospitalized while attending the G20 Summit in Rio de Janeiro.

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  • Tuesday, November 19th 2024 - 11:52 UTC

    Argentina clinches deal to sell Vaca Muerta gas to Brazil

    Caputo (L) and Silveira met on the sidelines of the G20 Summit in Rio

    Argentina's Economy Minister Luis Toto Caputo and his Brazilian Energy Counterpart Alexandre Silveira signed Monday on the sidelines of the G20 Summit in Rio de Janeiro an agreement whereby gas from Vaca Muerta will be pumped starting next year, reaching 30 million cubic meters per day as from 2030, which is the same volume that South America's largest country used to buy from Bolivia.

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  • Tuesday, November 19th 2024 - 09:19 UTC

    Brazil increasingly dependent on oil exports and energy production

    “We have reached the milestone of crude oil becoming Brazil’s top export, surpassing soybean meal, agribusiness, mining, and iron exports, said CEO Chambriand

    Crude oil has become Brazil’s main export product surpassing agribusiness and mining, according to the country’s hydrocarbons company Petrobras CEO Magda Chambriard. Brazil is not also becoming highly dependent on oil exports but also in energy generation.

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  • Tuesday, November 19th 2024 - 08:46 UTC

    Global warming and the burning issue of money

    Baku had the money to host around 50,000 government officials, think-tank policy wonks, investors and campaigners (plus a few climate scientists) for two weeks

    By Gwynne Dyer - It's hard to imagine a less plausible venue for the annual UN-sponsored conference on climate than the dictatorial petro-state of Azerbaijan. Baku, the capital, has a walled medieval center that's worth a day or two, but offshore the shallow Caspian Sea is littered with a century's worth of old and new oil wells.

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  • Thursday, November 14th 2024 - 13:46 UTC

    Falklands, Sea Lion oil development area EIS public consultation considered

    ExCo noted that Navitas has committed to making several amendments to the EIS as a result of the representations made and republishing the EIS in line with guidance.

    Following the public consultation for the Environmental Impact Statement (EIS) for the Sea Lion Field Northern Development Area, Phase 1 and 2, submitted by Navitas Petroleum Development and Production Limited, the Executive Council (ExCo) considered the representations made, responses, and further information at an extraordinary meeting held on Thursday, November 7.

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  • Monday, November 11th 2024 - 09:51 UTC

    60-hour-long power cuts announced for some of Ecuador's industrial districts

    There seems to be no way out of Ecuador's current energy crisis in the short or medium term

    Ecuador's business sectors voiced their concern on Saturday/Sunday about the five-day power outage scheduled for this week in at least three industrial sectors of Quito industrial zones to compensate for the energy shortages affecting the country since September.

  • Wednesday, October 30th 2024 - 10:40 UTC

    YPF to sell Metrogas stake to focus on Vaca Muerta

    Now it is the right time, Marín argued

    Argentina's state-run oil company YPF announced Tuesday that it plans to sell its shares in cooking gas distributor Metrogas to invest those funds in Vaca Muerta. YPF CEO Horacio Marín also outlined before the Inter-American Council of Trade and Production (Cicyp) the strategy to increase by fourfold the company's value over the next four years.

  • Monday, October 28th 2024 - 21:44 UTC

    Rosatom completes first batch of nuclear fuel for Bolivia

    Bolivia was the first South American country to use Russian nuclear fuel, said Rosatom's Oleg Grigoriyev

    Russia's State Nuclear Energy Corporation Rosatom has completed the first batch of nuclear fuel for the reactor being built in Bolivian city of El Alto for the South American country's Center for Research and Development in Nuclear Technology (CIDTN), it was announced Monday in Moscow. The Russian Government agency also said in a statement that the chemicals manufactured at Rosatom's facilities in Novosibirsk had “passed acceptance inspection.” The fuel is to be delivered in 2025, it was also explained.

  • Monday, October 28th 2024 - 21:21 UTC

    Noboa hopes Colombia will help Ecuador through the energy crisis

    “If I were a normal citizen, I would be upset with the president if there were blackouts,” Noboa admitted

    Ecuadorean President Daniel Noboa asked neighboring Colombia for help getting through the electricity crisis with power cuts dating back to Sept. 23 affecting households up to 14 hours a day, it was reported Sunday. The head of state admitted his popularity was waning ahead of the Feb. 9, 2025, elections.

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