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MercoPress, en Español

Montevideo, May 19th 2025 - 12:59 UTC

Energy & Oil

  • Tuesday, July 31st 2018 - 08:36 UTC

    Guyana top country in discovered oil resources during 2018

    ExxonMobil made three major discoveries in the Stabroek block: Ranger, Pacora and Longtail, which together can hold almost one billion barrels of oil or more

    Discovered resources globally of conventional oil and natural gas surpassed 4.5 billion barrels of oil equivalent in the first half of 2018, making for an exciting recovery with Guyana leading the way, according to analysis by Rystad Energy. Average monthly discovered volumes are 826 million barrels of oil equivalent. This is a 30% increase from 2017.

  • Tuesday, July 31st 2018 - 08:19 UTC

    YPF faces a US$ 14 billion lawsuit in the US, dating back to Maxus Energy acquisition

    The lawsuit was filed by the liquidation trust presiding over Maxus Energy Corporation, a company that YPF acquired in 1995

    Argentina's hydrocarbons company YPF is facing a fresh lawsuit in the United States, this time for US$14bn, which is twice the market value of the state oil firm, over alleged corporate restructuring that the company was said to have carried out several years ago.

  • Tuesday, July 31st 2018 - 07:00 UTC

    Venezuela scarce gasoline will be sold only to the politically loyal

    Maduro ordered a national census on 3-5 August to determine how many vehicle owners possess a homeland identity card, a document created in first quarter 2017

    Venezuela is taking steps to direct dwindling motor fuel to politically loyal vehicle owners. President Nicolas Maduro ordered a national census on 3-5 August to determine how many vehicle owners possess a homeland identity card, a document created in first quarter 2017 to strengthen the government's social and political surveillance capabilities.

  • Saturday, July 28th 2018 - 15:27 UTC

    Strong Dollar could cap oil prices

    The problem for many emerging markets is that oil prices have been going up at the same time. Typically, oil prices trade inversely to the U.S. dollar

    By Irina Slav for Oilprice.com - The strength of the U.S. dollar poses an obstacle to further gains in oil prices. President Trump's trade war with China, which is still in its early stages, has already battered the Yuan.

  • Saturday, July 28th 2018 - 02:52 UTC

    Premier Oil Outline Procurement and Infrastructure Plan in the Falkland Islands

    As Mercopress have reported over recent months, Premier Oil continue to progress their Front End Engineering and Design (FEED) process for the Sea Lion oil discovery. As a next step in this process, earlier this week Premier Oil plc provided details of their intended approach to both procurement and infrastructure to support the discovery to the north of the Falkland Islands.

  • Friday, July 27th 2018 - 07:41 UTC

    US clears the way for natural gas exports to Latin America

    U.S. Energy Secretary Rick Perry said in release that the so-called small scale rule will reduce “the regulatory burden on American businesses”

    The U.S. Energy Department on Wednesday cleared the way for faster approval of small scale exports of natural gas including liquefied natural gas to Latin American countries by issuing a rule that does away with a public interest review of the shipments.

  • Tuesday, July 24th 2018 - 06:10 UTC

    Argentine natural gas for Chile beginning next October

    The gas will come primarily from the Vaca Muerta shale field in the Neuquen basin, and will be sent over the Andes mountain range to Chile’s Biobio province

    Argentina will begin exporting natural gas to Chile from October, the Argentine Energy Ministry said on Friday, following a meeting between the governments of both countries.

  • Monday, July 16th 2018 - 08:54 UTC

    North Falkland Sea Lion Project: Premier Oil advancing in contracting suppliers

    The scope of supply covers 23 subsea production systems, including wellheads, trees, control, associated production and injection manifolds, subsea umbilical

    Dril-Quip (Europe) in Aberdeen has announced a letter of intent with Premier Oil to provide subsea production systems for the Sea Lion Phase 1 development offshore the Falkland Islands. The letter of intent signed was described as a sizeable supply contract, but was undisclosed.

  • Monday, July 16th 2018 - 07:20 UTC

    Argentine foreign ministry informs Tierra del Fuego delegation on the current Malvinas policy

    The visiting delegation met with the foreign ministry team headed by Ambassador Maria Teresa Kralikas

    Overall the Argentine government is satisfied how relations with the UK regarding the South Atlantic, and Falklands' sovereignty claims are evolving, was the message with which members of the so called Malvinas Question Observatory from Tierra del Fuego province, returned to Ushuaia after meeting with foreign ministry officials in Buenos Aires, according to local media reports.

  • Saturday, July 14th 2018 - 07:48 UTC

    Venezuela’s oil crisis gets worse: Production keeps falling

    The problems plaguing Venezuela’s oil industry are well-publicized, but the situation continued to deteriorate in June

    Venezuela’s oil production plunged by another 47,500 barrels per day (bpd) in June, compared to a month earlier. An exodus of workers and field shut downs were reported for the month, pointing to a grim near-term future that could see total production dip below 1 million barrels per day (mb/d) by the end of the year.