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MercoPress, en Español

Montevideo, May 10th 2025 - 01:44 UTC

Energy & Oil

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Tuesday, November 26th 2024 - 10:45 UTC

    Falklands, larger oil reserves at Sea Lion development; independent resource report contracted by operator Navitas

    The hydrocarbons will initially be produced through the redeployed FPSO with a peak production rate of some 55,000 bbls/d.

    Rockhopper Exploration plc, the oil and gas company with key interests in the North Falkland Basin (“NFB”), has reported on the recent update published by Navitas Petroleum LP on Sea Lion development progress, which includes an updated NFB independent resource report conducted by Netherland Sewell & Associates (“NSAI”) (the “October 2024 NSAI Independent Report”) on behalf of Navitas.

  • Friday, November 22nd 2024 - 20:24 UTC

    Uruguayan company to sell biofuel to The Netherlands

    This biomass fuel is highly appreciated in Europe for its environmental advantages

    Uruguay is to ship to The Netherlands 300 tons of biofuels from ALUR's corn oil distillery in the Capurro neighborhood of Montevideo. These are the first biodiesel productions from distillery corn oils, it was also reported this week.