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MercoPress, en Español

Montevideo, April 4th 2025 - 09:59 UTC

Energy & Oil

  • 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).

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  • 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.

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  • 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.

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  • 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.

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  • 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.

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  • 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.

  • Wednesday, March 26th 2025 - 05:40 UTC

    Falklands Sea Lion oil development FID expected by midyear, Rockhopper reports

    Rockhopper intends to commission its own Independent Resource Evaluation which will be published later this year.

    A final investment decision (FID) for the Sea Lion development offshore the Falkland Islands could be reached in mid-2025, according to Rockhopper, which is partner in the project with the operator Navitas Petroleum from Israel.

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  • Thursday, March 20th 2025 - 13:37 UTC

    Bolivia's oil supply from bad to worse

    Tumiri urged protesters to allow passage

    A lorry carrying crude oil from Chile to Bolivia for refining overturned in Lauca National Park, Arica, Chile, spilling approximately 10,000 liters of oil, thus causing significant environmental contamination. Firefighters initially contained the spill, but damage to flora and fauna is still being assessed by Chile's National Forestry Corporation (Conaf).

  • Thursday, March 13th 2025 - 10:38 UTC

    Bolivian gov't announces measures to tackle fuel shortages

    Virtual schooling is encouraged in a move to reduce the need for transport amid fuel shortages

    Bolivian President Luis Arce Catacora announced Wednesday in a broadcast message a set of ten measures adopted by his government to tackle the fuel shortage affecting his country.

  • Thursday, March 13th 2025 - 10:31 UTC

    Labour has found out it needs to continue stimulating oil and gas production

    The Starmer government said it had only promised to ban new developments, not ones already approved by previous cabinets.

    An oil industry information site has published a most interesting piece on the UK Labour government turn around in its oil and gas policy. The piece recalls that when the Labour Party of Keir Starmer won the latest UK elections, it vowed to stop new oil and gas exploration. The Starmer cabinet has stayed true to its word on that—but it is looking for ways to boost production through other means.

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