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MercoPress, en Español

Montevideo, February 18th 2026 - 15:54 UTC

Energy & Oil

  • Wednesday, December 27th 2017 - 10:44 UTC

    Brazil is the world's ninth largest producer of hydrocarbons

    Brazil has produced 3.3 million barrels per day (b/d) of hydrocarbons so far in 2017, according to data through August, up from 3.2 million b/d in 2016

    Brazil has produced 3.3 million barrels per day (b/d) of petroleum and other liquids so far in 2017, according to data through August, up from 3.2 million b/d in 2016, making it the ninth-largest producer of petroleum and other liquids in the world. Production of crude oil in Brazil increased in recent years as producers targeted large, offshore, pre-salt oil deposits. Brazil’s pre-salt oil production in 2016 reached a record 1.02 million b/d, surpassing the 2015 production level by 33%.

  • Saturday, December 23rd 2017 - 09:46 UTC

    Chemicals less and less effective against Asian rust in Brazil's soybean fields

    There is mounting concern that fungicide use on soybeans -- Brazil’s biggest crop -- may have reached a limit, at least until new chemicals are developed.

    Over almost two decades, a plant disease known as Asian rust has infiltrated soybean fields across Brazil -- the world’s biggest exporter of the versatile oilseed used in countless consumer products. But the pathogen has become so resistant to chemicals meant to kill it that many farmers spray several times during their growing seasons, and still endure output losses.

  • Saturday, December 23rd 2017 - 09:40 UTC

    Boeing's interest in Embraer conditioned by the Brazilian government

    Temer said he would welcome an injection of foreign capital into Embraer, the company which also makes some military planes

    United States manufacturer Boeing Co sought to calm Brazilian concern about a potential tie-up with Embraer SA after President Michel Temer and other officials warned they would veto any full takeover bid for the regional jet maker.

  • Tuesday, December 19th 2017 - 11:38 UTC

    Venezuela awards Russia's Rosneft two major offshore gas fields

    During the visit, Sechin also discussed Rosneft's cooperation with Venezuelan state energy company PDVSA, the statement said. Reuters

    Venezuela has awarded licenses to a unit of Russian oil major Rosneft to develop two offshore gas fields, Rosneft said in a statement.Venezuelan President Nicolas Maduro signed the deal during a visit to Venezuela by Rosneft CEO Igor Sechin, it said.

  • Tuesday, December 12th 2017 - 10:47 UTC

    Mexico and Brazil compete for investors in deepwater projects

    Pemex cited a late October deepwater pre-salt oil auction in Brazil for lessening interest in its project. Six of eight blocks in Brazil were awarded to majors

    Mexican national oil company Pemex blamed the cancellation of a potentially lucrative deepwater Gulf of Mexico project on weak investor appetite due to competition from recent auctions in Brazil and low oil prices. Mexico’s oil regulator canceled a tender to pick an equity partner for Pemex’s Nobilis-Maximino project, as company interest was not as robust as expected.

  • Thursday, December 7th 2017 - 09:01 UTC

    Mercosur and EU confident a framework agreement will be announced this month

    EU Trade Commissioner Cecilia Malmstrom said parties are close to an agreement, “we are committed to doing this because we are almost there”

    Mercosur is confident a framework agreement with the European Union will be announced next week despite resistance from farmers in Europe to permit tariff-free beef imports, a Mercosur official said. “There is more than a 70% chance of reaching a deal,” said the official close to the negotiations that have dragged on for almost two decades.

  • Tuesday, December 5th 2017 - 14:01 UTC

    Brazil opens areas for exploration and production of oil and gas

    ANP believes the move represents an important step towards the resumption of oil and gas exploration and production in Brazil.

    Brazil's National Agency for Oil, Natural Gas, and Biofuels (ANP) announced the areas for the exploration and production of oil and natural gas to be made available as part of a new, permanent-offer system. The move covers 846 blocks of 13 sedimentary basins, adding up to some 285,400 square kilometers.

  • Friday, December 1st 2017 - 06:42 UTC

    Argentina as G20 chair will combat protectionism, pledges president Macri

    Macri and his market-friendly policies said the G20 chair was a chance to mark the country’s rise as a global “important place”, and boost Latin America’s profile.

    President Mauricio Macri hosted the official launching of the Argentine chair of G20, the world’s major forum for global economic, political, and financial cooperation. In his inaugural speech Macri said Argentina is committed ”to build consensus for fair and sustainable development” and will use its role as the first South American country to chair the G20 group of major economies to combat protectionism.

  • Tuesday, November 28th 2017 - 09:21 UTC

    Total begins oil production in the giant Libra field in Brazil's pre-salt zone

    The Libra field, situated in the prolific Santos Basin, is one of the world’s biggest discoveries in the last few years.

    The giant Libra field in Brazil’s pre-salt zone has started producing oil, French Total said on Monday without providing details about the production rate at the field.

  • Monday, November 27th 2017 - 12:03 UTC

    Canada's PentaNova Energy signs farm-in agreement with YPF in Neuquen basin

    The transaction consolidates PentaNova’s position in the heavy oilfield as a 50% partner with YPF.

    Canadian exploration and production company PentaNova Energy announced it signed a final farm-in agreement with Argentine energy company YPF for a further 11% stake in the Llancanelo oilfield, reports Buenos Aires media.