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MercoPress, en Español

Montevideo, April 5th 2025 - 03:12 UTC

Energy & Oil

  • Tuesday, July 9th 2024 - 21:34 UTC

    Argentina admits dry well off the coast of Buenos Aires province

    Equinor, the Norwegian company will continue to keep 75% of both blocks, which contrary to the North basin, already has proven elements of hydrocarbons which is has been exploiting for decades

    The Argentine government authorized the sale of three offshore blocks from the Austral basin, a day after Norway's Equinor and Shell Oil said they had not found a trace of oil in the well Argerikch drilled offshore Argentine province of Buenos Aires.

  • Tuesday, July 9th 2024 - 14:48 UTC

    Argentina on track to become a global exporter of LNG by 2027

    ”The project is expected to start LNG exports by 2027, establishing Argentina as an LNG exporter, Golar LNG said

    Argentina could be on the path to start exporting LNG from its Vaca Muerta shale gas deposits, after Golar LNG signed a 20'year deal with Pan American Energy (PAE) for the deployment of a Floating Liquefied Natural Gas (FLNG) vessel in Argentina according to a report from US Energy Information Administration.  

  • Friday, July 5th 2024 - 19:16 UTC

    Lula visit announced to Mercosur's newest full member Bolivia

    “There are many issues that we have to take forward,” Alcón explained

    Bolivia's Deputy Communications Minister Gabriela Alcón announced Friday that Brazilian President Luiz Inácio Lula da Silva would be arriving in Santa Cruz de la Sierra next Monday for meetings with local authorities and businessmen. It will be the first visit of a foreign head of state since Bolivia's full Southern Common Market membership President Luis Arce Catacora signed into law this week.

  • Wednesday, July 3rd 2024 - 23:03 UTC

    Falklands New Power Station project in Stanley to begin, end of unplanned power cuts?

    The current Power Station is nearing the end of its life and the replacement has been a key priority for numerous Assemblies.

    Following approval at Executive Council on Tuesday 25 June, the Falkland Islands Government Public Works Department can now proceed with the final design and delivery program for the New Power Station in Stanley.

  • Wednesday, July 3rd 2024 - 23:00 UTC

    Falklands: Navitas updates emission assessment of Sea Lion environmental impact statement

    The Falkland Islands Government has started a public consultation on this revised EIS from Tuesday, 2 July 2024 to 13 August 2024.

    The Israeli/US company preparing to extract oil from Falkland Islands waters, Navitas Petroleum Development and Production Ltd. (Navitas) has issued a revised Environmental Impact Statement (EIS) concerning its proposals for the drilling of oil wells and offshore production from the Sea Lion Field Northern Development Area, Phase 1 and 2, which includes additional information on atmospheric emissions.

  • Wednesday, July 3rd 2024 - 20:05 UTC

    Falklands, Navitas updates emission assessment of Sea Lion environmental impact statement

    The Falkland Islands Government has started a public consultation on this revised EIS from Tuesday, 2 July 2024 to 13 August 2024.

    The Israeli/US company preparing to extract oil from Falkland Islands waters, Navitas Petroleum Development and Production Ltd. (Navitas) has issued a revised Environmental Impact Statement (EIS) concerning its proposals for the drilling of oil wells and offshore production from the Sea Lion Field Northern Development Area, Phase 1 and 2, which includes additional information on atmospheric emissions.

  • Wednesday, July 3rd 2024 - 10:00 UTC

    Plummetting lithium price leads BASF to drop investment plans in Chile

    An oversupply of lithium is feared given a recent increase in worldwide output so prices went down

    Chemical giant BASF SE dropped its plans to invest in lithium mining assets in Chile after a recent downward turn in the mineral's price, it was reported. The German company thus canceled all talks with Canada's Wealth Minerals Ltd., which has exploration projects in the South American country, it was explained.

  • Tuesday, July 2nd 2024 - 08:03 UTC

    Ban on Heavy Fuel Oil shipping in Arctic waters has become effective

    In colder waters, experts say, the fuel does not break down but sinks in lumps that linger in sediments, threatening fragile ecosystems.

    An international ban starting July first, on the use of Heavy Fuel Oil, HFO, in the Arctic region adopted by the United Nations maritime body, the International Maritime Organization (IMO), at the Marine Environment Protection Committee, in June 2021, has come into effect aiming to protect the vulnerable waters from the risk of oil spills.

  • Saturday, June 22nd 2024 - 06:20 UTC

    Falklands Rockhopper Exploration collects first tranche of Ombrina Mare payment

    ”We are delighted to have received the tranche one payment under the Ombrina Mare monetization agreement[, said CEO Samuel Moody

    Oil company Rockhopper Exploration PLC, with key interests in the Falkland Islands, on Friday, announced it had received the first tranche payment in relation to the monetization of its Ombrina Mare arbitration award, according to a report from Alliance News.

  • Thursday, June 20th 2024 - 15:55 UTC

    Falklands: Consultation to begin on Sea Lion offshore oil development, north of the Islands

    A Floating Production Storage and Offloading vessel (FPSO), so common offshore Brazil's Petrobras operations, would be operational at Sea Lion Filed

    Following an extraordinary sitting of Executive Council on Monday 17 June, the Falkland Islands Government has agreed that there will be a public consultation from Monday 24 June to Monday 5 August 2024, on the Environmental Impact Statement for the Sea Lion Field Northern Development Area, Phase 1 and 2, which has been submitted by Navitas Petroleum Development and Production Limited.