Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, October 24th 2025 - 21:29 UTC

Energy & Oil

  • Saturday, March 22nd 2014 - 12:42 UTC

    Falklands' operational campaign to be informed by US oil industry leader

    Susan Cunningham flies to the Falklands on Monday

    The highest paid woman on a list of 500 Houston oil executives (2009) will be in the Falkland Islands next week with Noble Energy. She is scheduled to hold meetings with the local business community and members of the public for an operational update on Noble's Falklands' campaign.

  • Saturday, March 22nd 2014 - 08:01 UTC

    The Falklands/Malvinas: Brazil’s next regional headache?

    When Foreign Secretary William Hague recently visited Brazil, the Falklands/Malvinas issue was not on the agenda, according to Stuenkel

    By Oliver Stuenkel (*) - Brazil, foreign policy observers often point out, is blessed. Contrary to many other emerging powers such as China or India, it is located in a region that rarely experiences interstate tension or war. Not only can Brazil live on a relatively small defense budget, while India is the world's largest arms importer. Brazil can also dedicate considerable time and energy towards extending its global diplomatic reach without constantly being forced to deal with trouble in its neighborhood.

  • Thursday, March 20th 2014 - 06:57 UTC

    Dilma Rousseff questioned on “flawed” report that cost Petrobras 1.2bn

    At the time of the operation in 2006, the Brazilian president was chairwoman of Petrobras

    A scandal surrounding the costly acquisition of a Texas oil refinery by Brazilian state-run energy company Petrobras years ago resurfaced Wednesday after new questions arose about President Dilma Rousseff’s handling of the deal, which involved a sum of 1.2bn dollars.

  • Tuesday, March 18th 2014 - 06:34 UTC

    Russia eyes Crimea’s oil and gas reserves

    Crimea with Russian flags celebrating the outcome of the referendum

    According to Reuters, Crimea may nationalize oil and gas assets within its borders belonging to Ukraine, and sell them off to Russia. Crimea’s Deputy Prime Minister hinted at the possibility that it would take control of Chornomorneftegaz, a Ukrainian state-owned enterprise, and then “privatize” it by selling it to Gazprom.

  • Friday, March 14th 2014 - 08:52 UTC

    Venezuela reassures fearful Caribbean allies about ALBA and PetroCaribe

    Ambassador Escalona Barrueta: agreements will continue in full force

    Venezuela said the current political unrest in the country poses no danger to the future of the Bolivarian Alliance for the Peoples of the Americas(ALBA) and the oil initiative PetroCaribe.

  • Thursday, March 13th 2014 - 05:52 UTC

    Falklands, trade, Mercosur/EU, oil and gas, in Swire's agenda in Uruguay

    Foreign Office minister Swire with Vice-president and acting president Danilo Astori (Pic by Dpto Fotografia del Parlamento)

    Bilateral trade, Mercosur/EU talks, oil and gas cooperation, and Falkland Islands, plus some audacious comments on the coming World Cup match Uruguay/England, were some of the issues addressed by Foreign Office minister for Latin-American Hugo Swire during his one day visit to Uruguay on Wednesday.

  • Tuesday, March 11th 2014 - 18:48 UTC

    Shale, the last oil and gas train: Interview with Arthur Berman

    Berman: “Technology has made many things possible in my lifetime including shale and deep-water production, but it hasn't made these things cheaper”

    How much faith can we put in our ability to decipher all the numbers out there telling us the US is closing in on its cornering of the global oil market?

  • Wednesday, March 5th 2014 - 04:35 UTC

    New spy technology to spawn oil revolution

    SFD technology uses gravity to gather its oil and gas intelligence by telling different frequencies in the gravitational field deep underground.

    The future of oil exploration lies in new technology--from massive data-processing supercomputers to 4D seismic to early-phase airborne spy technology that can pinpoint prospective reservoirs.

  • Tuesday, March 4th 2014 - 23:35 UTC

    YPF oil and gas production up in January but still not enough

    President Cristina Fernández government seized a majority stake in YPF in April 2012

    Argentina's YPF increased oil and gas production by around 9% in January, continuing a trend that began in mid-last year in which the state-controlled firm reversed long-standing production declines. And while the rest of the sector continued to lag behind, oil production at least did experience a monthly increase, suggesting that YPF’s increases in output are starting to have a positive effect on the sector as a whole.

  • Saturday, March 1st 2014 - 02:29 UTC

    Core-hole confirms conventional oil reservoir potential in north Uruguay

    Petrel Energy Managing Director, David Casey said the exceptional permeability measurements have been surprising

    Australia's Petrel Energy has confirmed the conventional oil reservoir potential of the San Gregorio and Cerrezuelo sandstones in Uruguay following detailed analysis of the Cardozo Chico core-hole samples. Petrel said that laboratory testing undertaken by Weatherford in Houston returned excellent permeability and porosity measurements.