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MercoPress, en Español

Montevideo, January 26th 2025 - 20:09 UTC

Energy & Oil

  • Wednesday, January 22nd 2025 - 08:15 UTC

    Colombian company signs partnership with Bolivia's YPFB

    Signing the documents were YPFB's president Armin Dorgathen and Canacol's representative in Bolivia Luis Alberto Pérez

    Bolivia's state-run oil company signed Tuesday a series of agreements with Colombia's Canacol representing an investment of up to US$ 270 million for hydrocarbon exploration and exploitation undertakings in the Ovai, Florida Este, Arenales, and Tita-Techi areas, all of them in the department of Santa Cruz.

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  • Friday, January 17th 2025 - 21:42 UTC

    Power cuts hit Buenos Aires Metropolitan Area and other parts of Argentina

    The real problem will come when there are 3 consecutive hot days, it was explained

    Several areas in the Buenos Aires Metropolitan Area (AMBA) and Rosario in the province of Santa Fe have been suffering prolonged power cuts which enraged residents who, in addition, were deprived of state subsidies on their electricity bills and are therefore paying full fare in exchange for... literally nothing.

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  • Thursday, January 16th 2025 - 13:48 UTC

    German economy shrinks second year running; lack of Russian gas and Chinese industry hit hard

    Formerly a major customer for cheap Russian gas, Germany has had to scramble to find other energy suppliers

    The German economy, the heart of European Union dynamism shrank by 0.2% in 2024, the second year in a row, according to Destatis, the German Federal Stats Office. In 2023, the German GDP, Europe’s largest contracted by 0,3%.

  • Wednesday, January 15th 2025 - 21:09 UTC

    Chile's ENAP announces diesel production from used cooking oil

    Although environmentally friendly, ENAP's diesel remains more expensive to produce than regular diesel fuel

    Chile's state-run oil company ENAP (Empresa Nacional del Petróleo) announced Wednesday that the South American country has proven able to produce renewable diesel out of used cooking oil. “A new step towards a greener Chile! ENAP presents its new renewable diesel, made from used cooking oil,” a statement read.

  • Wednesday, January 15th 2025 - 10:02 UTC

    Norway awards offshore oil and gas exploration licenses in the Arctic region

    Energy Minister Terje Aasland said that, “If we are to uphold a stable production in the years to come, we must explore more and invest more.”

    This week Norway awarded 53 offshore oil and gas exploration licenses to 20 companies in its latest annual licensing round. Norway has increased offshore oil and gas exploration over the past couple of years as it looks to meet Europe’s surging demand after the continent ditched Russian energy.

  • Saturday, December 28th 2024 - 10:41 UTC

    Ancap and HIF Global sign agreement for green hydrogen plant in Uruguay

    Ancap's interim president, Diego Durand, described the day as “historic”.

    Uruguayan state-owned oil company Ancap, through Alcoholes del Uruguay (ALUR), signed an agreement with HIF Global to implement an ambitious green hydrogen and synthetic fuels project in Paysandú. The investment, estimated at US$6 billion, aims at producing 700,000 tons per year of renewable fuels, with a significant impact on the local and regional economy.

  • Friday, December 27th 2024 - 09:38 UTC

    Argentina's YPF sells lubricants subsidiary in Brazil

    YPF's brands in Brazil will remain under the new owner

    Argentina's State-owned oil company YPF agreed this week to sell its stake in its Brazilian lubricants subsidiary to the local Usiquimica to achieve “greater focus and profitability” in its operations, it was reported in Buenos Aires. The buyer has been producing and trading chemical products for 80 years.

  • Monday, December 23rd 2024 - 22:19 UTC

    Nissan and Honda sign MOU toward merger by 2026

    ”It is necessary to make a bolder change than a collaboration in specific areas,” Mibe said

    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.”

  • Saturday, December 21st 2024 - 10:17 UTC

    Milei relaunches Argentina's nuclear energy plan

    “We have the obligation to think big,” Milei insisted

    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.

  • Friday, December 20th 2024 - 09:32 UTC

    Stipanicic resigns as president of Uruguay's Ancap

    “It is healthy to be able to close cycles when they come to an end,” Stipanicic said

    Alejandro 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.

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