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MercoPress, en Español

Montevideo, December 8th 2025 - 14:54 UTC

Energy & Oil

  • Tuesday, November 11th 2025 - 08:43 UTC

    Chinese competition authorities greenlight joint lithium venture in Chile

    “This is a very important achievement,” Chile's Mining Minister said

    China's State Administration for Market Regulation (SAMR) approved the partnership between Chile's state-owned copper company Codelco and private miner SQM to develop lithium resources in the Salar de Atacama, prompting Chile's Mining Minister Aurora Williams to hail the decision as “good news.”

  • Saturday, November 8th 2025 - 10:00 UTC

    Dorgathen resigns as YPFB chief as Bolivia's fuel crisis deepens

    Dorgathen’s departure is linked to a scandal involving him and Marcelo Arce, the son of incumbent President Luis Arce

    Armin Dorgathen Tapia has submitted his irrevocable resignation as Executive President of Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), the state-owned oil company, effective Friday. His departure comes amidst growing controversy surrounding the Botrading case and just hours before the inauguration of President-elect Rodrigo Paz.

  • Wednesday, October 29th 2025 - 11:29 UTC

    Petrobras' output reaches 3.14 million barrels a day in 3Q of 2025

    FPSOs accounted largely for these new results

    Brazil’s state-run oil company Petrobras achieved an average production of oil, natural gas liquids, and natural gas of 3.14 million barrels of oil equivalent per day in the third quarter of 2025, or 7.6% more than in the second quarter of this year and 16.9% higher than in the third quarter of 2024.

  • Tuesday, October 28th 2025 - 09:19 UTC

    Bolivia: Private fuel import bill signed into law to tackle shortages

    Arce agreed to block private initiatives but warned of a sharp price increase

    Bolivian President Luis Arce Catacora enacted the so-called “Short Law” on Monday to tackle fuel shortages and guarantee the supply of diesel and gasoline. The legislation, which originated with the Pro Santa Cruz Committee and was passed by the Legislative Assembly last week, offers an alternative solution to the recurring fuel scarcity.

  • Tuesday, October 21st 2025 - 10:02 UTC

    Amazon: Petrobras cleared to start drilling on Equatorial Margin

    In recent years, the Equatorial Margin has garnered significant attention following oil discoveries in nearby nations

    Brazil's state-owned oil company, Petrobras, has received a license from the Brazilian Institute of the Environment and Renewable Natural Resources (Ibama) to begin exploratory oil drilling on the Equatorial Margin of the Amazon, an area with high hydrocarbon potential, it was announced on Monday.

  • Tuesday, October 21st 2025 - 08:26 UTC

    Oil heading below US$ 50 per barrel anticipates Energy Agency

    IEA in its latest report anticipates that because of soaring “supply and subdued demand”, oil oversupply will be larger than expected, both in 2025 and 2026.

    When oil prices in the international market are sliding faster than expected, already in the range of US$ 50 the barrel, the International Energy Agency, IEA in its latest report anticipated that because of soaring “supply and subdued demand”, oil oversupply will be larger than expected, both in 2025 and 2026. IEA warns that while demand growth is down, supply growth will lead to a record supply overhang, since oil stocks are already soaring, mainly that stockpiled in tankers in water.

  • Tuesday, October 21st 2025 - 08:23 UTC

    Mexico shipping oil to energy starved Cuba

    The cargoes were tracked through maritime monitoring platforms, showing consistent routes between Mexico and Cuba.

    So far this year, Mexico has shipped more than US$ 3 billion worth of subsidized fuel to Cuba through Gasolinas Bienestar, a subsidiary of Pemex, according to an investigation by Mexicanos Contra la Corrupción y la Impunidad (MCCI), as reported by OilPrice.

  • Thursday, October 16th 2025 - 19:55 UTC

    Bolivian Senate passes bill allowing direct fuel imports

    Petrol stations must prioritize YPFB's supply, but may seek other options if it fails to deliver

    Bolivia's Senate has passed a bill allowing for the direct import of fuels by petrol stations to make up for the shortages stemming from the State-run oil company YPFB's lack of US dollars to secure further imports. The initiative was then sent to the Lower House for final approval.

  • Wednesday, October 15th 2025 - 20:35 UTC

    Colombia's GeoPark announces investment in Vaca Muerta

    The company has been granted a 35-year concession

    Colombian oil company GeoPark announced this week its plans to make a significant investment and operational agreement for the Vaca Muerta unconventional hydrocarbon reserve in Argentine Patagonia.

  • Wednesday, October 15th 2025 - 10:05 UTC

    Bolivia's fuel crisis deepens ahead of presidential runoff

    The fuel crisis has led to long lines at gas stations and an increase in the price of staple foods

    The fuel crisis in Bolivia has deepened just days before this coming weekend's presidential runoff, with stocks plummeting: There is only enough diesel for one day and gasoline for three days, Hydrocarbons Alejandro Gallardo admitted Tuesday. In this context, President Luis Arce Catacora has been accused of causing this problem deliberately.