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MercoPress, en Español

Montevideo, December 24th 2024 - 05:19 UTC

Energy & Oil

  • 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.”

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  • 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.

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  • 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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  • Thursday, December 19th 2024 - 10:15 UTC

    Venezuela renames Oil Ministry to include other fuels

    “It is an integral policy, it is not only oil, it is also gas, petrochemicals, it is the integral vision that the President has,” Rodríguez explained

    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.

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  • Wednesday, December 18th 2024 - 09:52 UTC

    Paraguayan President discusses energy and business with Chubut Governor

    Torres and Peña met at the latter's Presidential residence in Asunción

    Paraguay'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.

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  • Wednesday, December 18th 2024 - 09:37 UTC

    Uruguay: Ancap oil pipeline leak hits key road

    The pipeline between Punta del Este and Ancap's refinery was not pumping oil at the time of the incident

    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.

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  • Wednesday, December 11th 2024 - 09:23 UTC

    Cuban’s misery and darkness increase with blackouts and lack of fuel

    Havana has blamed the 62-year-old trade embargo with the U.S., which makes it difficult to import fuel, for the energy shortages

    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.

  • Tuesday, December 10th 2024 - 19:58 UTC

    Ecuador's President announces end of blackouts

    As of December 20, there will be no more blackouts throughout Ecuador, Noboa announced

    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.

  • Tuesday, December 3rd 2024 - 08:53 UTC

    Uruguayan oil company Ancap in the red

    Ancap invested US$ 67 million in renewing the La Teja refinery, which accounted for part of the setback

    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.

  • Thursday, November 28th 2024 - 10:45 UTC

    Bolivia highlights gas pumping deal as a source of hard currency

    “We are estimating more than 10 million dollars per month,” Montenegro said

    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.

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