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MercoPress, en Español

Montevideo, November 4th 2025 - 04:36 UTC

Energy & Oil

  • Monday, September 2nd 2024 - 11:35 UTC

    Mass gas emission cut proposed in Brazil by 2035

    According to Astrini, the goal is to present the study in technical forums and apply pressure on public officials

    According to a study by the Climate Observatory network, Brazil needs to cut greenhouse gas emissions by 92% by 2035 if South America's largest country is to make a fair contribution to limiting global warming to 1.5 degrees Celsius (ºC), Agencia Brasil reported. This target is based on 2005 emissions of 2.4 billion net tons, reducing the annual limit to 200 million net tons, it was also explained.

  • Saturday, August 31st 2024 - 09:20 UTC

    Maduro blames foreign fascist saboteurs for blackout

    “There is a permanent conspiracy and an attack on Venezuela by a fascist sector allied with the international rightwing led and financed by the US empire,” Maduro stressed

    Venezuelan President Nicolás Maduro Friday blamed fascist imperialism for the large-scale blackout that hit a large part of Caracas and its surrounding areas. “The investigations are advanced, they will be deepened,” insisted the head of state in a public message in which he stood behind the theory that the malfunction stemmed from foreign far-right sabotage. “Justice cannot be delayed,” he insisted.

  • Thursday, August 29th 2024 - 08:32 UTC

    Argentina betting on lithium and copper projects to overcome recession

    Minister Luis Lucero said Argentina was pushing to become a global supplier of lithium and copper with significant foreign investment

    With electric battery lithium leading, Argentina mining exports are expected to double to some US$ 10 billion in three years time, according to minister Luis Lucero who anticipated that copper is the other metal that will also have a huge boost given its importance in powering electric vehicles and artificial intelligence.

  • Tuesday, August 27th 2024 - 08:52 UTC

    Jet fuel shortage grounds numerous flights in Colombia

    Carriers able to fly as scheduled have upped the price of their tickets by 50%

    Jet fuel shortages have led airlines operating in Colombia to reschedule their services. The problem was reportedly caused by an electrical failure at the Cartagena refinery on Aug. 16.

  • Friday, August 23rd 2024 - 09:28 UTC

    Fire at Argentine oil refinery contained in time

    First aid responders were summoned from the PNA and the municipalities of Ensenada and Berisso

    A tank at the Ingeniero Enrique Mosconi Refinery Industrial Complex in the city of Ensenada -south of Buenos Aires and east of La Plata- belonging to Argentina's State-run oil company YPF caught fire Thursday at around 4.30 pm. The high smoke clouds polluted a vast part of the densely populated area but no victims were mentioned in the preliminary report.

  • Wednesday, August 21st 2024 - 16:42 UTC

    Bolivia to focus on biodiesel production

    The initiative must be handled responsibly regarding its possible effects on people and the environment, Flores pointed out

    Bolivia's Minister of Rural Development and Lands, Yamil Flores, underlined Tuesday that his country would use biotechnology to produce biodiesel. He also noted that this technology, although promising, must be handled responsibly, considering its impact on people's health as well as on the environment.

  • Wednesday, August 21st 2024 - 06:59 UTC

    BAS publishes carbon emissions for 2023/24, striving to reach net zero

    Infographic explaining BAS Carbon Emissions

    For the first time, the British Antarctic Survey (BAS) are publishing their carbon footprint data on their website to increase transparency and help other organizations reduce their carbon emissions.

  • Friday, August 16th 2024 - 18:16 UTC

    Falklands oil development: update on the consultation on Sea Lion offshore field

    A total of 25 presentations on the revised EIS have been received by the Falklands government and shared with Navitas

    On Tuesday 2 July 2024 it was announced that Navitas Petroleum Development and Production Ltd (Navitas) 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.

  • Wednesday, August 14th 2024 - 11:06 UTC

    Brent crude down amid weak demand

    Iran's threats to Israel could jeopardize supply, it was explained

    London's futures markets showed a 1.96% decline Tuesday for Brent crude oil to be delivered in October amid contracting demand, which drove it to US$ 80.69 as North Sea crude, the European benchmark, fell US$ 1.61 from the last Intercontinental Exchange (ICE) trading. Meanwhile, in New York, the price of West Texas Intermediate (WTI) for delivery in the same period fell 2.11% and closed at US$ 76.80.

  • Friday, August 9th 2024 - 21:06 UTC

    Power restored to customers in Santiago Metropolitan Region

    The electricity company Enel now faces other challenges, Pardow stressed

    The Chilean Government said Friday that the electricity company Enel had met Thursday's goal to restore supply to 20,000 households in the Santiago Metropolitan Region (MR) after an outage that lasted seven days.