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MercoPress, en Español

Montevideo, October 24th 2025 - 09:27 UTC

Energy & Oil

  • Friday, May 2nd 2014 - 09:51 UTC

    Petrobras concessions in Argentine Patagonia extended for ten years

    The company plans to invest 819 million dollars in exploration and production

    The Argentine unit of Brazilian state-controlled oil giant Petrobras has signed an agreement with the Patagonian province of Rio Negro that extends its three concessions in that region for 10 years. The new deal was inked after the company renegotiated its contractual conditions with the provincial government.

  • Monday, April 28th 2014 - 07:39 UTC

    Putin is losing Eastern European energy gamble

    “Can they stop buying Russian gas?” “In my opinion it is impossible”, said the Russian president

    Russian President Vladimir Putin said he doesn't think the European community can do without the natural gas it gets from energy monopoly Gazprom. With a Russian economy starting to decline, however, it may be Gazprom that's too strongly interconnected to the European market to break free.

  • Friday, April 25th 2014 - 06:04 UTC

    After a long debate, Argentine Congress approves Repsol/YPF agreement terms

    Cristina Fernandez anticipated that with YPF under government control Argentina will be hydrocarbons self-sufficient by 2019

    After a 16-hour debate, Argentina's Lower House passed the law to pay Spanish Repsol 5 billion dollars in bonds to compensate for the 2012 seizure of a majority stake in Argentina's energy company YPF.

  • Monday, April 21st 2014 - 07:19 UTC

    Gibraltar blackout on Sunday afternoon as fire breaks out in main power station

    Power station where the fire broke out

    A fire in the Waterport power station left most of Gibraltar without electricity on Sunday afternoon, reports the Gibraltar Chronicle. Police urged residents in the area to close their windows as thick black smoke billowed from the power station, though no one was injured in the incident.

  • Monday, April 21st 2014 - 07:13 UTC

    Argentine experiment to catch livestock's flatulence and convert it into energy

    Each cow can produce 300 liters of methane gas a day

    Argentina's National Institute for Agricultural Technology (INTA) has invented a way to convert cow flatulence into usable energy, and it involves putting a plastic backpack on a cow. Livestock are responsible for a remarkable amount of global methane emissions, which are a major cause of global warming.

  • Wednesday, April 16th 2014 - 10:01 UTC

    Ukraine falling to economic warfare and its own missteps

    Putin has called for payment of 38 billion from Ukraine, the result of unpaid gas sales

    As protests in Ukraine's eastern region turned violent on Sunday leading to the death of a Ukrainian security officer in a shootout with pro-Russian militia, Kiev threatens military action while Moscow flexes its geo-economic warfare muscles.

  • Saturday, April 12th 2014 - 08:59 UTC

    Brazilian police investigation into money laundering includes Petrobras

    Petrobras president Graca Foster fully collaborated with the court order

    Brazil's Federal police confirmed on Friday that it had orders from a Parana federal judge to raid Petrobras offices in search of documentation related to an alleged major money laundering scheme but it was not necessary because of the collaboration from the country's largest oil and gas corporation officials.

  • 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.