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MercoPress, en Español

Montevideo, November 21st 2024 - 19:25 UTC

Energy & Oil

  • Monday, July 31st 2023 - 02:45 UTC

    US emergency alert: Air conditioners to fight heat wave could cause power outages

    Nearly 200 million Americans are under “dangerously hot conditions” alerts with temperatures expected to soar past 100F (38C) in several major cities.

    Energy providers are warning United States clients to be frugal with air-conditioning this weekend, as intense heat and increased demand could lead to blackouts. Nearly 200 million Americans are under “dangerously hot conditions” alerts with temperatures expected to soar past 100F (38C) in several major cities.

  • Tuesday, July 25th 2023 - 11:32 UTC

    Latin-Americas' largest utilities company plans to invest US$ 17bn. in clean energy

    Brazil boasts 84% of its power generation coming from renewable sources, as the country is the second-largest hydropower producer after the United States

    Electrobras, Brazil's main electricity complex has plans to invest some US$ 17 billion in the next five years through mergers and acquisitions. The company said that investments in electricity generation would come in at around US$3.6 billion over the period as it moves to comply with its goal of a clean energy complex.

  • Friday, July 21st 2023 - 10:04 UTC

    Production of lithium batteries to start in September in Argentina

    The Y-TEC plant at the University of La Plata will generate cells for batteries for 2,000 homes to supply wind and solar energy to populations isolated from the grid, Salvarezza explained

    Argentina's first National Plant for the Technological Development of Lithium Cells and Batteries will start production in September on the premises of the National University of La Plata (UNLP), Y-TEC (a subsidiary of the state-owned oil company YPF) head Roberto Salvarezza announced Thursday.

  • Wednesday, July 19th 2023 - 10:33 UTC

    Uruguay signs green hydrogen deal with EU

    Lacalle stressed that he does not believe in “exacerbated protectionism”

    Uruguayan President Luis Lacalle Pou Tuesday signed a “Memorandum of Understanding on Cooperation in Renewable Energies, Energy Efficiency, and Green Hydrogen” with the European Union to achieve carbon neutrality by 2050 and held one-on-one meetings with French President Emmanuel Macron and Italy's Prime Minister Georgia Meloni on the closing day of the EU-Celac summit in Brussels.

  • Wednesday, July 12th 2023 - 21:03 UTC

    Shell considers cutting oil and gas production “dangerous and irresponsible”

    Wael Sawan insisted that the world still “desperately needs oil and gas” as moves to renewable energy were not happening fast enough to replace it.

    Cutting oil and gas production would be “dangerous and irresponsible”, the boss of energy giant Shell has told the BBC. Wael Sawan insisted that the world still “desperately needs oil and gas” as moves to renewable energy were not happening fast enough to replace it.

  • Monday, July 10th 2023 - 10:42 UTC

    Argentina: First segment of President Néstor Kirchner gas pipeline inaugurated

    In her speech, VP CFK insisted Argentina cannot pay its foreign debt by exporting commodities

    In an event marking togetherness within the ruling Unión por la Patria front ahead of this year's presidential elections, the first segment of the President Néstor Kirchner gas pipeline was inaugurated Sunday in Salliqueló, in the province of Buenos Aires.

  • Friday, July 7th 2023 - 10:59 UTC

    ECLAC highlights the importance of a lithium agenda for Latin America

    Latin American countries extract lithium but other nations excel in the production stage, ECLAC warned

    The Economic Commission for Latin America and the Caribbean (ECLAC) Thursday published a report called “Extraction and industrialization of lithium. Opportunities and challenges for Latin America and the Caribbean,” recommending the region's countries devise a productive development agenda around lithium to promote its extraction for the benefit of economic activities directly and indirectly related to the mineral.

  • Thursday, July 6th 2023 - 10:23 UTC

    Argentina forecasted to stop buying Bolivian gas next year

    The President Néstor Kirchner gas pipeline with Vaca Muerta will be operational shortly, Basteiro explained

    Argentina's Ambassador to Bolivia Ariel Basteiro Wednesday said his country might stop buying gas from Bolivia's YPFB as of 2024 due to new pipelines from Vaca Muerta, it was reported.

  • Friday, June 30th 2023 - 10:32 UTC

    Bolivia signs lithium production deals with Russian, Chinese companies

    Arce also underlined that Bolivia continues to be the country with the largest certified lithium reserves on the planet

    Bolivia's state-owned company Yacimientos de Litio Bolivianos (YLB) Thursday signed two separate agreements whereby Chinese and Russian companies will invest over US$1.4 billion to build two industrial complexes for the production of lithium carbonate, it was reported in La Paz.

  • Thursday, June 29th 2023 - 15:45 UTC

    World Bank approves $150 million loan to boost green hydrogen investment in Chile

    This collaboration aims to expedite hydrogen deployment in emerging markets and developing countries

    In a significant move towards promoting sustainable energy solutions, the World Bank Board of Directors has approved a loan of $150 million to support green hydrogen projects in Chile. This loan marks the World Bank's first endeavor in promoting green hydrogen and aligns with Chile's commitment to achieving carbon neutrality by 2050. The investment aims to accelerate the country's green growth, energy transition, and foster a resilient and inclusive economic development.