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MercoPress, en Español

Montevideo, May 19th 2025 - 22:41 UTC

Energy & Oil

  • Thursday, March 1st 2018 - 09:53 UTC

    UK car industry “thousands of jobs” at risk if UK fails to reach a Brexit deal

    A BEIS Committee report said the UK car industry was largely export-led with Europe as the primary market. Success was built on “complex supply chains”

    Failing to strike a Brexit deal would put “hundreds of thousands” of jobs in the car industry at risk, MPs have said. The Business, Energy and Industrial Strategy Committee said continued close alignment with the EU would ensure the industry's survival. And it warned the introduction of trade barriers would leave the sector unable to compete with its European rivals.

  • Wednesday, February 28th 2018 - 10:00 UTC

    Brazilian presidential hopeful would support privatization of Petrobras

    Once a taboo issue in Brazilian politics because of national sovereignty concerns, the privatization of Petrobras is set to become a campaign issue this year

    The governor of Sao Paulo and likely centrist presidential candidate Geraldo Alckmin said that he would privatize Brazil's state-run oil company Petrobras if he wins the elections in October.

  • Wednesday, February 28th 2018 - 09:20 UTC

    Pemex loss of US$ 18bn in fourth quarter; blames weaker Peso and declining oil fields

    Pemex lost 151 billion pesos during the fourth quarter due to a weaker peso, the company said, which depreciated 8% against the U.S. dollar.

    Mexican state-owned oil company Pemex reported a nearly US$18 billion fourth-quarter loss on Monday after both crude output and processing slid, though the company said refining levels should rebound as major maintenance plans are completed. The company posted a 352.3bn (US$17.9bn) peso loss for the last quarter of 2017, blaming a weaker peso exchange rate and higher financing costs for its performance, according to a filing with the Mexican stock exchange.

  • Sunday, February 25th 2018 - 13:48 UTC

    Why The Next Oil Boom Will Be Fueled By Blockchain

    It's official: Blockchain technology has infiltrated Big Oil.

    Big Oil is due for a disruption.

  • Saturday, February 24th 2018 - 09:38 UTC

    Falklands issues public consultation for the oil industry

    FIG and MLA Roger Spink feel this is the right time to consult with Industry on oil taxation given the potential development opportunities in North Falklands Basin

    The Falkland Islands Government, FIG, has issued a public consultation document covering the taxation regime for oil companies operating in the Falkland Islands and their associated supply chain partners. This consultation will be open until Friday 6 April 2018 for responses from interested parties, which will be summarized and fed into final policy and legislative design later during 2018.

  • Friday, February 23rd 2018 - 09:05 UTC

    US adds more import duties on biodiesel from Argentina

    The latest duties make it virtually certain that biodiesel from Argentina will not be sold in the U.S. market, with combined rates of up to 159% on the fuel

    The U.S. Commerce Department piled on more import duties on biodiesel from Argentina and Indonesia, adding anti-dumping duties of 60.44% to 276.65% to already steep anti-subsidy duties on the fuels.

  • Wednesday, February 21st 2018 - 01:26 UTC

    Petro, the Venezuelan cryptocurrency is online

    The initiative promoted by the government of Nicolás Maduro responds to individual sanctions by the international community against government officials.

    The pre-sale of Petro began early on Tuesday, the cryptocurrency proposed by the Venezuelan government in recent weeks and backed by the country's natural resources. According to experts, it is “ridiculous”, arguing that the creation of a new currency would aggravate the economic crisis in the Caribbean country.

  • Wednesday, February 14th 2018 - 16:28 UTC

    Clean Oil That Only Costs $20

    If there's one big reason for the U.S. energy revolution, it's that new technology has allowed American companies to beat the competition

    The United States is in the midst of an energy revolution.

    Oil production has risen by 5 million barrels per day (bpd) since 2010, an increase of nearly 100 percent. New technology, particularly techniques in shale oil drilling, has opened up vast new opportunities for oil and gas companies.

  • Thursday, February 8th 2018 - 11:19 UTC

    Long steel industry concentration in Brazil: ArcelorMittal taking over Votorantim

    Jefferson de Paula, ArcelorMittal executive vice president said the company's long steel capacity in Brazil would reach up to 6 million tons per year after the tie-up.

    The Brazilian unit of ArcelorMittal expects to conclude in the second quarter the takeover of rival Votorantim Siderurgia SA to become the country’s largest long steel producer, a senior company executive said. Jefferson de Paula, ArcelorMittal executive vice president, said that ArcelorMittal’s long steel capacity in Brazil would reach up to 6 million tons per year after the tie-up.

  • Wednesday, February 7th 2018 - 14:41 UTC

    Oil Prices Ravaged By Financial Turmoil

    “The stock market and interest rates can really affect oil a lot,” told Mark Waggoner

    By Nick Cunningham of Oilprice.com

    Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market.