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MercoPress, en Español

Montevideo, April 27th 2025 - 21:52 UTC

Energy & Oil

  • Saturday, April 12th 2014 - 08:45 UTC

    Oil race fuels new Falklands chapter

    ”The war completely changed the Falklands from an economic perspective,” said Mike Summers

    The following article from the Sydney Morning Herald was written by Chris Zappone, who recently visited the Falkland Islands as a guest of the local government and the Foreign Office.The Falkland Islands are not an easy place to reach. Flights come only weekly. Cruise ships making the trip brave frigid seas, freezing nights and recently, harassment from Argentine dockworkers.

  • Friday, April 11th 2014 - 08:19 UTC

    Chevron and YPF unveil plans to invest another 1.6bn in Vaca Muerta shale

    The second phase of exploration calls for drilling 1,500 wells across 395 square kilometers

    US oil giant Chevron and state-controlled YPF unveiled plans Thursday to spend another 1.6 billion dollars to develop Argentina's Vaca Muerta shale formation for oil and gas projects. The investment comes on top of 1.2 billion Chevron agreed to spend last year for a shale pilot project.

  • Wednesday, April 9th 2014 - 19:44 UTC

    Renewable energy keeps advancing despite a drop in overall investment

    The falling cost of solar photovoltaic systems was partly responsible for a lesser sum of investment.

    Renewable energy's share of world electricity generation continued its steady climb last year despite a 14% drop in investments to 214.4 billion dollars, according to a new report released on Monday and produced by the Frankfurt School-UNEP Collaborating Centre for Climate & Sustainable Energy Finance, the United Nations Environment Program (UNEP) and Bloomberg New Energy Finance.

  • Tuesday, April 8th 2014 - 22:05 UTC

    Falklands fiscal regime and stability remain attractive for oil and gas industry

    Wells to the north of the Islands cost around 50 million dollars to drill and those to the south and east can cost upwards of 100 million

    With the Falkland Islands' upstream oil and gas industry still in its infancy, the country's attractive fiscal regime, which boasts a low government take, is expected to remain stable through the short and medium term, says a new report from research and consulting firm GlobalData.

  • Tuesday, April 8th 2014 - 19:10 UTC

    China and East Asia expected to grow at slower pace this year, says World Bank

    Chinese reforms are expected to have a profound impact on land, labor, and capital markets,

    The World Bank has trimmed its growth forecast slightly for China, citing a “bumpy start to the year”. It now expects the Chinese economy to grow by 7.6% in 2014, down from its earlier projection of 7.7%. A slew of disappointing figures has triggered concerns of a slowdown in the world's second-largest economy.

  • Saturday, April 5th 2014 - 03:05 UTC

    The most profitable gas in the world

    Privatizing the pipelines system could raise 50 billion dollars.

    By Robert Bensh of Oilprice.com - There is only one certainty in Ukraine: The energy sector must and will be transformed, and how long this takes will depend on who ends up in the driver's seat and how serious they are about becoming a part of Europe and reducing dependence on Russia. But by then, investors will have missed the boat.

  • Thursday, April 3rd 2014 - 07:25 UTC

    Argentina's YPF sells one billion dollars in 10-year bonds at 8.75% rate

    YPF desperately needs fresh funds to turn the country again into self sufficient in oil and gas

    Argentina’s nationalized oil and gas producer, YPF, sold 1 billion dollars in a bond sale on Tuesday, the company said in a statement. The 10-year bonds will pay 8.75% interest and were five times oversubscribed, YPF said. The U.S. dollar-denominated securities were issued under Argentine law and was considered a great success by the company.

  • Saturday, March 29th 2014 - 06:25 UTC

    Falklands receives US oil company temporary dock facility for exploration operations

    Based on what has been seen, “we are going to go out and contract a rig to start exploration” pledged Ms Cunningham (Photo: Sharon Jaffray)

    Houston based oil company Noble Energy expects to inject 4 million dollars into Falklands businesses with the construction of the temporary dock facility which arrived in the Islands this week, Senior Vice President Susan Cunningham told those attending a presentation in Stanley on Monday evening.

  • Saturday, March 29th 2014 - 05:43 UTC

    Argentina denies the subsidies reduction will have an inflationary impact

    Capitanich argued it's a 'redistribution' of funds

    Argentina's new subsidies’ scheme will have an “insignificant” impact on prices since the whole package basically involves a 'redistribution' of funds, argued Cabinet Chief Jorge Capitanich, emphasizing the decision aims at “encouraging the rational and responsible use of public services.”

  • Saturday, March 29th 2014 - 05:29 UTC

    Repsol infighting reveals disappointment with CEO Brufau

    Pemex among other stake holders wants Brufau replaced

    Shareholders of Spain's Repsol approved the oil major's 5 billion dollars settlement with Argentina over the 2012 seizure of YPF at an annual meeting on Friday. The agreement had already been approved by the Argentine Congress and by the board of the Spanish company.