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MercoPress, en Español

Montevideo, May 21st 2025 - 04:08 UTC

Energy & Oil

  • Thursday, August 8th 2024 - 20:36 UTC

    Santiago's electricity company given ultimatum

    In case of failure, the Government would move on to the adversarial phase, Pardow explained

    The Chilean Government of President Gabriel Boric Font Thursday gave the electricity company Enel until midnight local time to reconnect the service to some 20,000 households in the Santiago Metropolitan Region (MR) where the outage reached its seventh day in a row. Energy Minister Diego Pardow held a press conference to explain the impending steps to terminate Enel's concession should it fail to deliver.

  • Wednesday, August 7th 2024 - 22:09 UTC

    Boric angry as Santiago power cuts reach 6th day

    “We are talking about a regulated monopoly,” Boric stressed

    Chilean President Gabriel Boric Font Wednesday instructed the Energy Ministry to review the agreement whereby the company Enel has been awarded the right to provide the Santiago Metropolitan Region with electricity after the outage affecting some 60,000 households reached its sixth consecutive day.

  • Tuesday, August 6th 2024 - 10:39 UTC

    Petrobras finds gas in the Colombian Caribbean and sets eyes on Namibia's potential

    The consortium made up of Petrobras and Ecopetrol will continue operations to complete the project and carry out a formation test by the end of 2024.

    Brazil's oil giant has reported the discovery of a significant gas resource from a well drilled off shore Colombia in the Caribbean. The Uchuva 2 well is some 32 kilometers from the coast at a depth of 804 meters. This new drill is considered an extension of a natural gas field drilled at the Uchuva 1 well back in 2022, at a depth of 830 meters.

  • Thursday, August 1st 2024 - 23:00 UTC

    Petrobras increases yoy output in 2Q of 2024

    A milestone for Petrobras milestones in this quarter was the arrival of the Marechal Duque de Caxias FPSO vessel platform

    Brazil's State-run company Petrobras posted this week a 2.4% interannual increase in oil and natural gas output in the second quarter of 2024, with 2.7 million barrels of oil equivalent per day (boed) thanks to improving performances at five sea platforms and 12 wells, eight of them in the Campos Basin and four in the Santos one. However, compared to this year's first quarter of this year, average production fell 2.8% due to maintenance shutdowns and the natural decline of mature fields.

  • Wednesday, July 31st 2024 - 22:38 UTC

    YPF and Petronas announce joint LNG partnership in Argentine Patagonia

    The Rio Negro location offered numerous advantages over Bahía Blanca, it was explained

    Argentina's state-run oil company YPF and its Malaysian version Petronas will invest over US$ 30 billion to build a Liquefied Natural Gas (LNG) plant in the Patagonian province of Río Negro, it was announced, thus ending speculations according to which such a facility was to be or should have been settled in the Bahía Blanca area in the province of Buenos Aires.

  • Monday, July 29th 2024 - 08:06 UTC

    Falklands, controversy with Navitas oil company Environmental Impact Statement

    Phyl Rendell Chair FI Offshore Hydrocarbons Environmental Forum

    Falklands Conservation has published initial views on the Navitas oil company Environmental Impact Statement (EIS) and encourages people to comment on the report. This is of course welcome but their statement that essential information on key animal groups is missing, is misleading. It states that ‘the presented seabird data is more than 20 years old’.

  • Monday, July 29th 2024 - 07:56 UTC

    Land shipments of diesel awaited in Bolivia amid supply crisis

    Bolivia's oil company YPFB announced Sunday that with the arrival of at least 50,000 cubic meters of diesel from Brazil and Paraguay this week, the fuel shortage would be solved for the time being to meet domestic demand. The State-run organization explained that the supply problems stemmed from bad weather at the Chilean port of Arica, which prevented the unloading of fuel from four ships.

  • Friday, July 26th 2024 - 09:11 UTC

    Washington gives Indian refiners the nod to buy Venezuelan crude

    Indian refiners were purchasing Venezuelan crude through intermediaries until last month

    Major refiners Reliance Industries of India announced it would soon be purchasing crude from Venezuela once again after getting the nod from Washington DC, which would represent an easing of the current sanctions against the South American country.

  • Monday, July 22nd 2024 - 19:54 UTC

    Paraguay's first 30 electric buses to be delivered this year

    “We are working on the technological software,” Deputy Minister Fernández explained

    The first 30 electric buses of Asunción's public network will be operational before the end of 2024, Deputy Transport Minister Emiliano Fernández announced Monday after a meeting with experts from the Taiwanese company building the vehicles. President Santiago Peña has pledged that 1,000 of these units would become available shortly.

  • Monday, July 22nd 2024 - 10:11 UTC

    IMF Chief visits Paraguay's tourist attractions

    Georgieva visited the Itapú Hydroelectric Plant on her day as a tourist in Paraguay

    International Monetary Fund Managing Director Kristalina Georgieva Sunday visited the Itaipú Hydroelectric Power Plant and other Paraguayan tourist attractions before starting a series of engagements in the South American country this week. Her agenda includes encounters with government officials, women leaders, and representatives of civil society and the private sector. Georgieva underlined Paraguay's stability and Itaipú's role in this achievement.