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MercoPress, en Español

Montevideo, April 5th 2025 - 10:30 UTC

Energy & Oil

  • Thursday, June 20th 2024 - 10:55 UTC

    Petrobras CEO says oil will lead Brazil's energy transition

    Chambriard has already been in charge of the company since late May when she replaced Jean-Paul Prates

    Despite being de-facto the new CEO of Brazil's state-run oil company Petrobras for a while, Magda Chambriard took her oath of office Wednesday during a ceremony in Rio de Janeiro, Agencia Brfasil reported. In her speech at the event attended among others by President Luiz Inácio Lula da Silva, Chambriard insisted that oil would lead the way into energy transition progressively reducing carbon emissions and zeroing them by 2050.

  • Thursday, June 20th 2024 - 10:43 UTC

    Nationwide blackout hits Ecuador after heavy rains kill 17

    The power outages were due to “a fault in the transmission line” that caused a “cascading disconnection,” Luque explained

    Entire cities across Ecuador were left with no electricity Wednesday at around 3.30 pm just two days after Energy Minister Roberto Luque ruled out that possibility when he downplayed the importance of the cessation of activity of at least three hydroelectric power plants due to heavy rains that caused at least 17 deaths according to preliminary reports. In mid-April, a series of outages led to the dismissal of Luque's predecessor Andrea Arrobo.

  • Wednesday, June 19th 2024 - 19:26 UTC

    Hike in electricity bills burdening Chile's inflation policy

    Chile needed not to repeat Argentina's disproportionate fare increases, Ramos explained

    A recent increase in electricity bills has Chile's Central Bank needing to postpone getting the South American country's inflation under control, according to the Monetary Policy Report (IPoM) for June 2024 released Wednesday.

  • Monday, June 17th 2024 - 19:58 UTC

    Argentina to remove solar panels Tuesday, weather permitting

    “Remove the solar panels as soon as possible or we will,” warned a Boric not as tolerant as Chile's Foreign Minister van Klaveren

    Argentina's Navy will remove the solar panels mistakenly placed in Chilean territory after President Gabriel Boric Font warned that his country would take action if Buenos Aires failed to comply at the earliest time possible.

  • Friday, June 14th 2024 - 21:18 UTC

    Petrobras CEO regrets time spent without exploring Equatorial Margin

    ”I took part in the discovery of the pre-salt,” Chambriard had noted on her first day as CEO

    Petrobras' newly appointed CEO Magda Chambriard said this week that Brazil's state-run oil company “lost 10 years” by not exploring an area known as the new “pre-salt” and criticized the Brazilian Institute for the Environment and Renewable Natural Resources (Ibama) for the delay in authorizing oil explorations in the so-called Equatorial Margin, Agencia Brasil reported.

  • Thursday, June 13th 2024 - 10:31 UTC

    Several companies trying to replicate Guyana's oil boom success in Suriname

    Suriname is a former Dutch colony in the north of South America, with a long history of corruption and drug dealings, but oil could make a vast transformation.

    Will Suriname become another oil boom province as neighboring Guyana? Wood Mackenzie hydrocarbons consultants believe it to be possible but exploration efforts have taken longer and the extraordinary Stabroek Block success and its dozen discoveries from the ex British colony has yet to be replicated.

  • Thursday, June 13th 2024 - 10:21 UTC

    Falklands, survey shows support for draft Energy Strategy and Implementation Plan

    Falklands are quite innovative in renewable and sustainable energy solutions, with some 40% generated at a wind farm to be expanded to further satisfy demand from Stanley and MPC

    From December 2023 to February 2024, the Falkland Islands Environment Department held a public consultation on the draft Energy Strategy and Implementation Plan. In total, 57 surveys were returned, and further comments were collected through public meetings and sessions with Stakeholders in Stanley and West Falkland.

  • Friday, June 7th 2024 - 09:47 UTC

    Uruguay's Ancap posts US$ 48 million losses in three months

    Foto: Mauricio Zina / adhocFOTOS

    Uruguay's state-owned oil company Ancap reported this week losses worth US$ 48 million in the last three months after needing to import fuel to meet local demand following the shutdown of the La Teja refinery for maintenance work starting Sept. 4, 2023.

  • Thursday, June 6th 2024 - 19:50 UTC

    Bolivian President thanks Putin for Russia's partnership

    Broader talks are to be arranged for the near future regarding Russian-Bolivian cooperation, it was reported in St Petersburg

    Bolivian President Luis Arce Catacora held a meeting with his Russian colleague Vladimir Putin on the sides of the St. Petersburg International Economic Forum (SPIEF) during which both leaders agreed on joint undertakings in the South American country regarding lithium battery production in addition to discussing other bilateral topics of interest.

  • Sunday, June 2nd 2024 - 09:58 UTC

    China companies targeting Brazil to manufacture electric vehicles

    The steep increase in exports to Brazil comes ahead of a further increase in tariffs on EVs and hybrid vehicle imports from July as Brazil seeks to encourage local auto production.

    With the European Union and United States strongly limiting imports of electric vehicles, EV, from China, exports of manufactured pure electric and plug-in hybrid cars to Brazil soared 13-fold year-on-year to 40,163 units in April, making it the biggest export market for a second straight month, according to data from the China Passenger Car Association (CPCA).