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MercoPress, en Español

Montevideo, November 24th 2024 - 21:06 UTC

Energy & Oil

  • Tuesday, May 2nd 2023 - 10:15 UTC

    Bolivia finds new oil well, President Arce announces

    The finding will help Bolivians have “the dreamed country,” Arce said in his Labor Day message

    Bolivian President Luis Arce Catacora Monday announced the discovery of the YOPE-X1 hydrocarbon well in the municipality of Yapacani, in the department of Santa Cruz, it was reported.

  • Wednesday, April 26th 2023 - 10:17 UTC

    No Labor Day parade in Cuba due to fuel shortage

    Díaz-Canel explained that the situation responds to the “non-compliance” of supplying countries that are also going through a “complex energy situation.”

    Cuban authorities had to cancel the traditional May 1 Labor Day Revolution Square parade due to the shortage of fuel, it was announced Tuesday. Smaller events will be staged instead in “communities, labor, and student centers for several days and parades in the country's municipalities,” it was explained. The main event will take place in Havana's Malecon.

  • Tuesday, April 25th 2023 - 12:43 UTC

    Argentina to export oil to Chile again

    Iuliano said that if something has to be fixed, “there would be a change in the schedule.”

    Beginning in June, Argentina will resume exporting oil to Chile after 17 years, the website Rio Negro reported.

  • Friday, April 21st 2023 - 10:41 UTC

    Chile announces national lithium strategy

    “I have no doubt that we can do it well,” Boric said. Photo: GETTY IMAGES

    Chilean President Gabriel Boric Font Thursday launched a new state lithium policy which includes the creation of the National Lithium Company and the participation of private companies in new developments. Chile is the world's second-largest lithium producer, behind Australia.

  • Monday, April 17th 2023 - 22:56 UTC

    With “energy cooperation”, Russia/China trade booming using Yuan/Rouble currencies

    First-quarter bilateral trade totaled US$53.85 billion. China's shipments to Russia rose 47.1% to US$24.07 billion, while shipments from Russia were up 32.6% to US$29.77 billion

    Energy cooperation helped China's overall trade with Russia maintain its strong growth momentum in the first quarter with an increase of 38.7% from a year earlier, far outpacing the growth of China's total trade.

  • Sunday, April 16th 2023 - 12:49 UTC

    Nuclear energy era comes to an end in Germany

    “The risks linked to nuclear power are definitely not manageable even in a high-tech country like Germany,” Environment Minister Steffi Lemke said

    The era of nuclear reactors came to an end in Germany Saturday after the three last such plants were shut down as the country enters a new energy chapter, facing the challenge of doing without fossil fuels while at the same time managing the gas crisis triggered by the war in Ukraine.

  • Wednesday, April 12th 2023 - 11:00 UTC

    IEA insists increasing fossil fuel production contradicts goals to stop global warming

    The OECD group of industrialized countries created the IEA agency after an oil crisis in 1973 to help secure energy supplies — most of which are fossil fuels.

    Fatih Birol, head of the powerful International Energy Agency, (IEA),, the Paris-based organization led by the energy ministers of mostly rich countries, has warned that companies that increase fossil fuel production are contradicting goals to stop the planet warming.

  • Monday, April 10th 2023 - 12:42 UTC

    UK offshore Oil Workers anticipate biggest strike in a generation

    John Boland, Unite industrial officer, added: “Unite has received an emphatic mandate in support of strike action”

    Hundreds of oil and gas platforms will stage a 48-hour strike in a dispute over pay and other working conditions. Unite has warned that the standstill by the walkout has been planned for April 24. Industry experts agree that contractors and operators can afford to give the Unite members a decent pay rise.

  • Monday, April 3rd 2023 - 09:42 UTC

    OPEC+ countries announce cut in output to keep price stable

    Oil prices fell to 15-month lows in response to the banking crisis

    Oil-producing countries grouped under OPEC+ Sunday announced a voluntary cut in crude output of around 1.15 million barrels per day (bpd) in addition to a 2-million reduction agreed upon in October to boost prices, it was reported. The measure will come into effect in May and last until the end of this year.

  • Monday, April 3rd 2023 - 09:06 UTC

    EU should reconsider electric cars-only plans: not enough lithium

    If implemented as planned, the initiative would make the price of lithium skyrocket and, even then, there might not be enough mineral available

    Europe's plans to ban all fossil fuel-powered vehicles by 2035 might be thwarted by the world's lithium supply not being large enough, according to a Financial Times report published Sunday. If the European Union is to switch to electric cars, demand for lithium will skyrocket and there would not be as much supply, the article noted.