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MercoPress, en Español

Montevideo, July 3rd 2025 - 09:51 UTC

Energy & Oil

  • Friday, May 9th 2025 - 14:51 UTC

    Venezuela seeks support from Russia and China amid economic crisis

    Venezuela’s economic crisis is worsening, with inflation expected to reach nearly 200% in 2025

    Venezuela is turning to its geopolitical allies, Russia and China, to counter a deepening economic crisis, as the South American nation faces dwindling oil revenues, runaway inflation, and a severe currency devaluation.

  • Thursday, May 8th 2025 - 08:34 UTC

    Former Paraguayan President welcomes Milei's Yacyretá tariff adjustment

    Duarte Frutos highlighted that these funds were crucial to finance works, hospitals, university scholarships, and social programs

    Former Paraguayan President and Yacyretá Binational Entity (EBY) Director Nicanor Duarte Frutos said Argentine President Javier Milei's decree adjusting the energy tariff from US$ 17 to US$ 28 per megawatt-hour (MWh) was the right thing to do and insisted that the measure did not violate any treaty. It rather establishes an effective charge for energy consumption to be paid by his country's National Electricity Administration (ANDE) and the Wholesale Electricity Market Administration Company (CAMMESA).

  • Wednesday, May 7th 2025 - 10:55 UTC

    Milei adjusts Yacyretá tariff ahead of new operating agreement

    Milei adjusted the price of Yacyretá electricity to US$ 28 per megawatt hour (MWh) from the previous US$ 17

    Argentine President Javier Milei signed Decree No. 303/2025, authorizing a new Operating Agreement for the Yacyretá Hydroelectric Power Plant, a binational entity co-owned by Argentina and Paraguay. The agreement sets a tariff increase from US$17 to US$28 per megawatt-hour (MWh) to optimize supply, ensure financial stability, and support technological modernization

  • Monday, May 5th 2025 - 10:51 UTC

    Massive gold reserve found in Argentine province of Salta

    They were originally looking for copper

    A massive gold reserve exceeding 11 million ounces was discovered in the Argentine province of Salta, at the Lindero project, 260 km from the territory's capital. Initially targeted for copper, the site revealed a deposit with 84 million tons of material at 0.6 grams per ton, making it one of South America’s most significant finds. The project, leveraging existing infrastructure, is driving economic growth through job creation, construction, and logistics.

  • Monday, April 28th 2025 - 14:49 UTC

    Mass power outage hits large parts of Europe

    Spanish and Portuguese authorities are holding emergency meetings to solve the crisis.

    A massive power outage struck the Iberian Peninsula (Spain and Portugal) and has also affected Spain, Portugal, and some regions in France, Italy, and the UK, disrupting critical infrastructure including public transport, airports, telecommunications, and traffic systems.

  • Monday, April 28th 2025 - 10:48 UTC

    Paraguayan experts visit Brazilian floating solar power plant to apply that technology to Itaipú

    The Itaipu project incorporated advanced French-patented flotation technology and improved access walkways

    Paraguayan technicians from Itaipu's Renewable Energy Consultancy visited a 7-megawatt floating solar power plant at the Billings dam reservoir in São Paulo, Brazil, the largest of its kind in Latin America, spanning 5 hectares to learn about flotation and anchoring systems, as part of the preparations for a similar project, albeit smaller, undertaking at Itaipú.

  • Wednesday, April 23rd 2025 - 10:35 UTC

    Paraguay hopes to build 22 small hydroelectric plants through private investment

    Paraguay also hopes to diversify its energy matrix and bolster industrial development

    Paraguay plans to build 22 small hydroelectric power plants on internal rivers, with an estimated private investment of US$ 1.4 billion, explained Vice Minister of Mines and Energy Mauricio Bejarano in a radio interview after the enactment of the Small Hydroelectric Power Plants Law which grants the government free rein to bid for the construction of new dams.

  • Tuesday, April 22nd 2025 - 10:20 UTC

    At least 14 injured in Petrobras offshore platform incident

    The platform was not profucing any oil at the time of the incident

    At least 14 people were injured when a fire broke out on Petrobras' Platform PCH-1 (Cherne 1) in the Campos Basin, off the coast of Macaé, Rio de Janeiro. One worker was initially reported injured after falling into the sea, but the company later admitted that 13 others had also been affected. The rescued worker is stable, and the others are receiving medical care.

  • Tuesday, April 8th 2025 - 19:25 UTC

    Native communities want in on Chile's lithium production

    The involvement of Indigenous groups in mining at a managerial level is rare in Latin America

    Lickanantay Indigenous communities in Chile's Atacama Desert are negotiating with mining giants Codelco and SQM to secure a historic governance role in lithium extraction, which accounts for 25% of global production and is vital for the manufacturing of electric vehicle batteries.

  • Tuesday, April 8th 2025 - 10:19 UTC

    Venezuela warns of false flag moves to justify imperialist attacks

    “False positive” actions are usually carried out to then “invade sovereign nations and peoples,” the Bolivarian Armed Forces argued

    Venezuela’s Bolivarian National Armed Forces (FANB) and Vice President Delcy Rodríguez warned Sunday of an alleged “false flag” operation targeting an ExxonMobil platform in disputed maritime waters between Venezuela and Guyana.