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MercoPress, en Español

Montevideo, April 27th 2024 - 03:50 UTC

Energy & Oil

  • Friday, June 30th 2023 - 10:32 UTC

    Bolivia signs lithium production deals with Russian, Chinese companies

    Arce also underlined that Bolivia continues to be the country with the largest certified lithium reserves on the planet

    Bolivia's state-owned company Yacimientos de Litio Bolivianos (YLB) Thursday signed two separate agreements whereby Chinese and Russian companies will invest over US$1.4 billion to build two industrial complexes for the production of lithium carbonate, it was reported in La Paz.

  • Thursday, June 29th 2023 - 15:45 UTC

    World Bank approves $150 million loan to boost green hydrogen investment in Chile

    This collaboration aims to expedite hydrogen deployment in emerging markets and developing countries

    In a significant move towards promoting sustainable energy solutions, the World Bank Board of Directors has approved a loan of $150 million to support green hydrogen projects in Chile. This loan marks the World Bank's first endeavor in promoting green hydrogen and aligns with Chile's commitment to achieving carbon neutrality by 2050. The investment aims to accelerate the country's green growth, energy transition, and foster a resilient and inclusive economic development.

  • Friday, June 23rd 2023 - 10:17 UTC

    Falklands implements changes to fuel and power allowances

    As announced in the Budget, the calculation for the Winter Fuel Allowance will be linked to the April price of Kerosene each year

    In October 2022 the Falkland Islands ExCo approved an amendment to the eligibility criteria for Winter Fuel Allowance. This means that from June 2023, people who are eligible for Income Support will now also be eligible for Winter Fuel Allowance.

  • Tuesday, June 20th 2023 - 10:28 UTC

    Bolivia pumping nearly half the gas it used to sell to Argentina

    YPFB President Armin Dorgathen admitted that the gas not used in the ammonia and urea plant will be exported to the Argentine market

    Bolivia pumped last month nearly half the gas it used to send to Argentina in May of 2022 due to output problems as demand increases due to cold weather, it was reported by El Deber citing data from the Departmental Center for Monitoring and Control of Hydrocarbons of the Santa Cruz Government and the Ministry of Hydrocarbons and Energy.

  • Tuesday, June 20th 2023 - 10:25 UTC

    Brazil: Electricity generation from sugarcane biomass on the rise

    Sugarcane biomass accounts for 72% of all installed bioelectricity capacity in Brazil

    According to a study by Brazil's Sugarcane and Bioenergy Industry Union (Unica) released Monday, electricity generation from sugarcane biomass grew 28.7% in the first four months of 2023, reaching 1,858,699 MWh, which is tantamount to 3% of all the energy in the South American country, Xinhua reported.

  • Friday, June 9th 2023 - 11:15 UTC

    US$ 4 bn investment on green hydrogen launched in Uruguay

    Uruguay is at the forefront of countries in this type of production, Stipanicic said

    Uruguayan President Luis Lacalle Pou Thursday announced that US$ 2 billion will be invested in the construction of a green hydrogen plant in Paysandú. The work to begin this year will employ between 1,500 and 3,200 jobs and the plant itself will offer some 300 permanent jobs. Another US$ 2 billion will be invested in renewable energy projects.

  • Wednesday, May 31st 2023 - 10:16 UTC

    Argentina forecasted to become 2nd world lithium producer by 2035

    Chile needs newer lithium extracting techniques, Hernando explained

    Argentina will overtake Chile as the world's second-largest lithium producer by 2035, according to the Chilean Copper Commission (Cochilco), it was reported in Santiago.

  • Monday, May 29th 2023 - 20:36 UTC

    UK marks one year without any imports of Russian gas

    Energy Security Secretary Grant Shapps said: “We have led the world in standing up to Putin’s attempts to use energy as a weapon of war,”

    New figures published this week show the UK did not import any Russian gas in the 12 months to the end of March 2023, while UK gas exports to Europe tripled over the same period. The UK has gone a whole year without importing any Russian gas - a boost for the country’s energy security and a blow to Putin’s war machine.

  • Monday, May 29th 2023 - 20:20 UTC

    For the first time, global investment in solar power overtakes investment in fossil fuels, IEA report

    “Clean energy is moving fast,” said IEA Executive Director Fatih Birol. “For every dollar invested in fossil fuels, about US$ 1.7 are now going into clean energy.” Photo: EPA-EFE

    Global investment in solar power is expected to overtake investment in oil production for the first time ever this year, the International Energy Agency (IEA) said. The IEA projects investment in solar power to hit US$ 380 billion in 2023, compared to investments in oil exploration and extraction at US$ 370 billion.

  • Saturday, May 27th 2023 - 08:00 UTC

    UK and Brazil sign launching of the Partnership for Green and Inclusive Growth

    Foreign Secretary James Cleverly. and Minister of Foreign Affairs of Brazil, Mr. Mauro Vieira

    Brazil and UK signed this week a Joint Declaration launching the Partnership on Green and Inclusive Growth on the occasion of the official visit to Brazil of the Secretary of State for Foreign, Commonwealth, and Development Affairs of the United Kingdom of Great Britain and Northern Ireland, Mr James Cleverly.