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MercoPress, en Español

Montevideo, December 16th 2025 - 22:32 UTC

Energy & Oil

  • Wednesday, May 28th 2014 - 20:54 UTC

    China's oil giant at center of corruption probe

    There's a spiraling drive against corruption that has become a hallmark of President Xi Jinping's rule

    Grins were on the faces of China National Petroleum executives last week as they celebrated a blockbuster 30-year deal for Russian gas. It was a good day for CNPC, the state-owned colossus at the center of China's oil and gas webs and one of Eurasia's biggest energy investors.

  • Tuesday, May 27th 2014 - 11:01 UTC

    Brazil considering proposals to open operatorship of pre-salt projects

    Brazilian officials realize Petrobras needs help with finances and technology on developing the pre-salt resources

    Brazil's government is considering proposals to open operatorship of its pre-salt projects to companies other than state-run Petrobras and this change might be made, Mayer Brown partner Alexandre R. Chequer told the law's firm's annual energy conference in Houston last week.

  • Tuesday, May 27th 2014 - 08:42 UTC

    Argentina promises no gas shortage this winter, but industry has already suffered the first cuts

    De Vido made the announcement during the bidding process for a gas pipeline

    Argentina's Planning minister Julio De Vido guaranteed publicly on Monday that there will be no gas cuts next winter (21 June), while Energy Secretary Daniel Cameron described the “situation as the best in the last four years”.

  • Saturday, May 24th 2014 - 00:37 UTC

    The California shale bubble just burst

    Santa Cruz county and Los Angeles banned fracking

    The great hype surrounding the advent of a shale gas bonanza in California may turn out to be just that: hype. The U.S. Energy Information Administration (EIA) – the statistical arm of the Department of Energy – has downgraded its estimate of the total amount of recoverable oil in the Monterey Shale by a whopping 96%. Its previous estimate pegged the recoverable resource in California’s shale formation at 13.7 billion barrels but it now only thinks that there are 600 million barrels available.

  • Friday, May 23rd 2014 - 23:50 UTC

    Argentina with 'Vaca Muerta' won the 'geological lottery': 305 meters-thick shale oil and gas

    Chevron Kent Robertson has only words of praise for the development prospects of Vaca Muerta

    Argentina has won the “geological lottery” with its 305 meters-thick Vaca Muerta shale oil and gas field in Patagonia, a spokesman for Chevron said on Thursday, as the U.S. energy giant increases its investments in the country. The company and state-owned oil firm YPF announced plans last month to invest an additional 1.6 billion to develop Vaca Muerta.

  • Friday, May 23rd 2014 - 23:38 UTC

    Bye, bye Argentina: Spain's Repsol sells all assets and end operations in the country

    Cristina Fernandez seized a majority of assets in Repsol's YPF in 2012 and two years later reached a compensation deal

    Spanish oil company Repsol has ended its operations in Argentina, two years after the government seized its assets. Last month the Argentine congress gave final approval to pay 5bn dollars in compensation for Repsol's stake in Argentine oil firm YPF.

  • Friday, May 23rd 2014 - 10:45 UTC

    YPF discovers shale in Chubut province, 1.000 km southeast of Vaca Muerta

    Vaca Muerta shale is attracting oil and gas investors from around the world

    At least 15 more shale oil and gas wells will be drilled in Argentina's Patagonia Chubut province over the next three years, a provincial official said on Thursday, a day after its first shale discovery was made public.

  • Thursday, May 22nd 2014 - 07:40 UTC

    Falklands’ Premier and Noble have contracted a rig, according to Norwegian energy website

    According to Offshore.no, the Eirik Raude rig will earn as much as 500.000 dollars per day.

    Ocean Rig has reportedly received a contract for its Eirik Raude semi-submersible rig for a drilling campaign in the Falkland Islands. According to Offshore.no, a Norwegian energy news website, the rig will be used by Noble Energy and Premier oil for their respective drilling campaigns in the Falkland Islands waters in 2015

  • Thursday, May 22nd 2014 - 00:46 UTC

    Russia's Weakened Hand Could Pay Off For Beijing In Major Gas Deal

    Presidents Putin and Xi Jinping in Beijing when the final agreement was announced

    A major gas deal between Russia and China was finally sealed this week when Russian President Vladimir Putin was on a two day visit to China on May 20-21 and met with President Xi Jinping. In the lead up to Putin's arrival, the two sides have been working on putting the finishing touches on a 30-year contract for a gas deal a decade in the making, and Russian officials have suggested that the deal will be completed by Putin's arrival.

  • Tuesday, May 20th 2014 - 19:35 UTC

    Falklands visited by Punta Arenas experts in ports, logistics and shipping

    Left to right: Stacey Bragger FI Chamber of Commerce, Felipe Carvallo ULOG, Milenko Buljan Agunsa, Ignacio Covacevic EPA, Marcelo Mahuzier ASMAR and Alvaro Insua of Galicia shipping.

    A group of managers representing Punta Arenas port facilities, logistic companies and shipping companies visited the Falkland Islands last week with an ultimate aim to offer solutions to the current and future commercial needs of the Islands.