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MercoPress, en Español

Montevideo, November 21st 2024 - 14:53 UTC

Energy & Oil

  • Wednesday, December 6th 2023 - 10:30 UTC

    Falklands will proceed with Phase Three of Sand Bay Wind Farm

    Phase One of the project enabled three wind turbines to be operational from August 2007, and Phase Two saw a further three turbines online in February 2010

    Following approval from the Executive Council on Monday 27 November, the Falkland Islands Government will be able to proceed with “in principle approval” for Phase Three of the Sand Bay Wind Farm.

  • Wednesday, December 6th 2023 - 10:18 UTC

    Encore of “tripledemic” feared in California

    The Pirola variant (BA.2.86) of Covid-19 is expected to be prevalent this season

    Health authorities in the US State of California have reported a surge in the number of cases of Covid-19, flu, and RSV (respiratory syncytial virus). In response, residents have been urged to get vaccinated in a move to avoid the potential collapse of the sanitary network where an encore of last year's “tripledemic” is feared.

  • Saturday, December 2nd 2023 - 20:14 UTC

    Venezuela ignores UN ICJ ruling and will go ahead with a referendum on Guyana's Esequibo

    Venezuelan dictator Maduro said in Caracas that Guyana and ExxonMobil, which recently found oil offshore in Essequibo, had been dealt “a historic beating.”

    Venezuela will press on with a weekend referendum over the fate of a vast disputed area in the Esequibo region it claims, disputing neighboring Guyana's jurisdiction, despite the UN International Court of Justice, ICJ, Friday ruling urging restraint in the dispute.

  • Friday, December 1st 2023 - 22:45 UTC

    Brazil joining OPEC+ as of next year

    Brazil's accession was announced a day after President Luiz Inácio Lula da Silva visited Riyadh, where he was welcomed by Saudi Crown Prince Mohammed bin Salman

    Effective Jan. 1, 2024, South America's largest country will join the Organization of Petroleum Exporting Countries (OPEC), Brazil's Minister of Mines and Energy Alexandre Silveira announced this week after participating virtually in a meeting with other colleagues from the bloc.

  • Wednesday, November 29th 2023 - 10:35 UTC

    Bolivia's full Mercosur membership greenlighted

    For Brazil, Bolivia's full membership of Mercosur means cheaper energy, Senator Chico Rodrigues explained

    Brazil's Senate Tuesday greenlighted Bolivia's accession to the South American Common Market (Mercosur) as a full member of the bloc. Once President Luiz Inácio Lula da Silva enacts the bill, the regional alliance will once again consist of five full members -in addition to Argentina, Paraguay, and Uruguay- as it once happened when Venezuela was admitted but later suspended in 2017 for its undemocratic practices.

  • Tuesday, November 14th 2023 - 09:42 UTC

    Uruguayan minister speaks of not widespread fuel shortage

    “We are always open to dialogue,” insisted Facio

    Uruguay's Energy Minister Elisa Facio said Monday that there would be no fuel shortage in the South American country despite a stoppage in the distribution chain.

  • Monday, November 13th 2023 - 09:44 UTC

    Fuel shortages expected in Uruguay amid distribution conflict

    Ancap's Stipanicic insisted his company was not to blame

    The guild grouping Uruguay's fuel distributors announced a 72-hour strike starting Monday which could lead to shortages in the South American country, it was reported in Montevideo. The measure was adopted after changes in the Law of Urgent Consideration (LUC) regarding fuel distribution regulation costs affected the activity, it was explained.

  • Saturday, November 11th 2023 - 10:52 UTC

    Argentina and Chile sign key lithium agreement

    The agreement “represents a milestone for Chile, being of great value for the National Lithium Strategy,” van Kleveren explained

    Authorities from Argentina and Chile Friday signed a Memorandum of Understanding to establish a Binational Lithium and Salt Flats Working Group which represents a significant step towards strategic cooperation in this regard, it was reported in Santiago and Buenos Aires following negotiations dating back to June 2022.

  • Wednesday, November 8th 2023 - 18:43 UTC

    Guyana asks The Hague court to stop Venezuelan referendum on the annexation of half of its territory

    The former British colony of Guyana has the world's biggest reserves of crude per capita, while Venezuela sits on the largest proven reserves overall.

    Guyana has asked the UN's highest court to stop a Venezuelan referendum on the annexation of the Esequibo, half of its territory and its oil-rich offshore, a claim going back to colonial times.

  • Saturday, November 4th 2023 - 11:23 UTC

    Record oil and gas output reported in Brazil

    Of every 100 barrels produced in Brazil, 86 come from reservoirs geographically linked to Rio de Janeiro

    After extraction in September this year reached 4.666 million barrels of oil equivalent per day, authorities in South America's largest country spoke of record oil and gas production, Agencia Brasil reported citing oil authority ANP sources.