Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, April 26th 2025 - 05:02 UTC

Energy & Oil

  • Wednesday, April 23rd 2025 - 10:35 UTC

    Paraguay hopes to build 22 small hydroelectric plants through private investment

    Paraguay also hopes to diversify its energy matrix and bolster industrial development

    Paraguay plans to build 22 small hydroelectric power plants on internal rivers, with an estimated private investment of US$ 1.4 billion, explained Vice Minister of Mines and Energy Mauricio Bejarano in a radio interview after the enactment of the Small Hydroelectric Power Plants Law which grants the government free rein to bid for the construction of new dams.

    Add your comment!
  • Tuesday, April 22nd 2025 - 10:20 UTC

    At least 14 injured in Petrobras offshore platform incident

    The platform was not profucing any oil at the time of the incident

    At least 14 people were injured when a fire broke out on Petrobras' Platform PCH-1 (Cherne 1) in the Campos Basin, off the coast of Macaé, Rio de Janeiro. One worker was initially reported injured after falling into the sea, but the company later admitted that 13 others had also been affected. The rescued worker is stable, and the others are receiving medical care.

    Add your comment!
  • Tuesday, April 8th 2025 - 19:25 UTC

    Native communities want in on Chile's lithium production

    The involvement of Indigenous groups in mining at a managerial level is rare in Latin America

    Lickanantay Indigenous communities in Chile's Atacama Desert are negotiating with mining giants Codelco and SQM to secure a historic governance role in lithium extraction, which accounts for 25% of global production and is vital for the manufacturing of electric vehicle batteries.

  • Tuesday, April 8th 2025 - 10:19 UTC

    Venezuela warns of false flag moves to justify imperialist attacks

    “False positive” actions are usually carried out to then “invade sovereign nations and peoples,” the Bolivarian Armed Forces argued

    Venezuela’s Bolivarian National Armed Forces (FANB) and Vice President Delcy Rodríguez warned Sunday of an alleged “false flag” operation targeting an ExxonMobil platform in disputed maritime waters between Venezuela and Guyana.

  • Thursday, April 3rd 2025 - 10:13 UTC

    Bolivian President highlights nuclear developments

    “Our goal is to carry out comprehensive studies that will allow us to better understand the effects of radiation on living organisms and ecosystems,” Arce pointed out

    Bolivian President Luis Arce Catacora Wednesday underscored his country's advancements in nuclear technology, spotlighting the development of the Radiobiology and Radioecology Laboratory in El Alto as part of the Center for Research and Development in Nuclear Technology (Cidtn).

  • Wednesday, April 2nd 2025 - 09:49 UTC

    Maduro defends Venezuela's claim to Guayana Esequiba

    Maduro claimed “Trojan horses” wanted to hand over what is Venezuela's over to imperialism

    Venezuelan ruler Nicolás Maduro staunchly defended his country's claim to the Guayana Esequiba territory, asserting during his weekly broadcast show that the disputed area was an integral part of the nation inherited from Simón Bolívar and backed by over 90% of Venezuelans in a 2023 referendum.

  • Tuesday, April 1st 2025 - 19:53 UTC

    Argentina starts pumping gas to Brazil through Bolivia

    Dorgathen said the gas no longer exported to Argentina will go to Brazil, where prices are “more competitive” and in greater demand

    Argentina began exporting natural gas to Brazil for the first time through the infrastructure of Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), it was reported Tuesday.

  • Thursday, March 27th 2025 - 16:50 UTC

    India and China no longer buying crude from Venezuela after Trump's threats

    According to vessel monitoring tracking services, crude loading operations are slowing down in Venezuelan ports

    The United States imposing a 25% tariff on countries importing oil and gas from Venezuela starting next month has already taken its toll on Caracas' coffers as India and China —accounting for over 50% of its crude exports— have halted purchases. China, which imported 351,000 barrels per day (bpd) last year, and India, with 254,000 bpd in January, are stepping back, with companies like India’s Reliance Industries planning to stop imports.

  • Thursday, March 27th 2025 - 09:55 UTC

    Seven Chilean fishermen arrested in clash with carabineros

    Eight law enforcement officers were injured but are out of danger, General Espinoza said

    Seven people were arrested, and several law enforcement officers were injured Wednesday as artisanal fishermen in the Chilean region of Maule clashed with carabineros during a protest on Route 5 South near San Javier. The demonstrators blocked the highway to protest against the so-called Fracking Law bill, which was to be voted on in the Senate. All eight injured officers were reported to be out of immediate danger.

  • Thursday, March 27th 2025 - 04:28 UTC

    The Economic Impact of Renewable Energy Investments in South America

    Discover how renewable energy investments in South America drive economic growth, job creation, and sustainable development in the region.

    In recent years, renewable energy has emerged as a key driver of economic growth and environmental sustainability around the world. For South America, a region traditionally reliant on fossil fuels and hydroelectric power, the shift toward renewable energy presents both opportunities and challenges. As global concerns about climate change and energy security intensify, countries across South America are increasingly investing in renewable energy sources such as wind, solar, and biomass. These investments are not only helping to meet the region's energy demands but also fostering economic growth, creating jobs, and enhancing energy independence.

Previous