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MercoPress, en Español

Montevideo, February 18th 2026 - 12:41 UTC

Energy & Oil

  • Saturday, October 21st 2017 - 07:30 UTC

    Uruguay government announces presence of hydrocarbons in an exploratory well

    Energy, Industry and Mining minister Carolina Cosse said that “there is much work ahead, the announcement is very important, but let's act prudently”.

    The Uruguayan government announced on Friday the presence of hydrocarbons in the north west of the country, in the framework of exploratory drilling by US based Schuepbach Energy. The discovery took place in the county of Paysandu, some 400kms north of the capital Montevideo.

  • Friday, October 20th 2017 - 05:18 UTC

    Some thoughts about the 9 November Falklands' general election

    Despite Argentine government assertions to the contrary, long gone are the old colonial days when the Governor could nominate members of council

    By John Fowler - At the time of going to press, so far sixteen brave or foolhardy souls have declared their candidature for the General Election. This is one more than in 2013 and may be the most ever. With an average age of less than fifty years this group is almost certainly the youngest. Gone, it would seem, are the days when only the wealthy, retired, unemployed, or possibly unemployable old were available to stand.

  • Wednesday, October 18th 2017 - 07:16 UTC

    The “Amazon Effect” is coming to oil markets

    Cottonwood Venture Mark P. Mills believes we are on the verge of an oil industry major transformation identical to that Amazon prompted in retail.

    By Irina Slav for Oilprice.com - While OPEC mulls over further steps to once again support falling oil prices, tech startups are quietly ushering in a new era in oil and gas: the era of the digital oil field. Much talk has revolved around how software can completely transform the energy industry, but until recently, it was just talk.

  • Tuesday, October 17th 2017 - 12:16 UTC

    Federal audit freezes Rousseff and Gabrielli assets over losses in refinery purchase

    Ex president Rousseff was chief of staff for President Lula da Silva at the time of the refinery purchase and chaired the Petrobras board of directors.

    Brazil's federal audit court ordered a freeze of former President Dilma Rousseff's assets as well as those of José Sérgio Gabrielli, ex-head of state-run oil company Petrobras, over a US$580 million loss in the 2006 purchase of a Texas refinery.

  • Tuesday, October 10th 2017 - 16:37 UTC

    China's Sinopec considering selling assets in Santa Cruz, Argentina

    The 2010 acquisition marked Sinopec’s entry into Argentina when Chinese companies were looking to buy assets abroad to offset domestic production declines

    Argentina’s losses on its oil and gas assets, as well as its labor disputes, have prompted China’s Sinopec to consider selling its operations in the country. Sinopec advisors have offered up some of its assets to about a dozen large firms from the U.S., Latin America, Europe, Africa, and Russia, it was reported on Monday and confirmed in Beijing media.

  • Sunday, October 8th 2017 - 08:31 UTC

    Argentina preparing to auction offshore hydrocarbons exploration next year

    “There is a high probability that the subsalt basin that exists on the coast of Brazil continues south”, Minister Juan Jose Aranguren said in Buenos Aires.

    Argentina plans to auction offshore oil and gas exploration rights next year, in the hope of developing fields off its Atlantic coast like those in neighboring Brazil, the energy minister said on Thursday.

  • Sunday, October 8th 2017 - 07:52 UTC

    Guyana en route to become a top oil producer in Latin America

    Turbot-1 was drilled to 5,622 m in 1,802 m of water on Sept. 29, 2017. It is located in the southeastern portion of the 26,800-sq km Stabroek block

    Exxon Mobil Corp. has discovered more oil on the Staborek block offshore Guyana, northeast South America, with the Turbot-1 well. ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. began drilling the Turbot-1 well on Aug. 14, 2017, and encountered a reservoir of 23 m of high-quality, oil-bearing sandstone in the primary objective.

  • Thursday, October 5th 2017 - 09:23 UTC

    The next big offshore boom is about to happen...in Brazil

    The 287 blocks auctioned are just the first portion of a number of deposits that hold an estimated 10 million barrels of crude in proven reserves.

    By Irina Slav for Oilprice.com - Say what you will about offshore oil and gas exploration, but it's still alive and kicking—high production costs and all. The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil.

  • Wednesday, October 4th 2017 - 08:22 UTC

    Petrobras controversy: Brazil denies any current plans to privatize the company

    Minister Coelho Filho said in the interview that a privatization plan could be feasible at some point down the road. “I think it is going to happen. It is a way”

    A senior official in Brazil said there are no current plans to privatize the national oil company to deal with its massive debt, according to a new report by Reuters. Fernando Coelho Filho, the minister of mines and energy, had suggested that Petrobras could face such a sale in the future, but did not provide a concrete timeline.

  • Tuesday, September 26th 2017 - 07:58 UTC

    Argentina to suspend fuels price-setting system in October

    Minister Aranguren said the recent recovery in global crude prices should let the government suspend price-setting for domestic fuel starting in October.

    The government of Argentina is planning to suspend a price-setting system for domestic fuel sales next month thanks to the recent rise in global oil prices, the country’s energy and mining minister said Monday.