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MercoPress, en Español

Montevideo, December 16th 2025 - 22:31 UTC

Energy & Oil

  • Tuesday, November 26th 2013 - 09:08 UTC

    Falkland Islands Holdings sales up despite slowing down of the Islands economy

    Falklands economy slowed down following the departure of the Leiv Eiriksson drilling rig in December 2012

    Falkland Island Holdings PLC announced on Monday that its pre-tax profit increased slightly in its first half as strong sales at the company's London-based Momart operations offset increased costs at its Falkland operations. The international services group, which focuses on transport and logistics, said its underlying profit before tax was up 14.8% to £ 1.37 million for the six months ended September 30 compared to £ 1.19 million the previous year.

  • Tuesday, November 26th 2013 - 08:47 UTC

    YPF and Repsol reach an 'agreement in principle' with Mexican mediation

    Pemex which holds 9,5% of Repsol was represented by CEO Lozoya

    The dispute between the Argentine government and Repsol over the seizure of a 51% stake in petroleum company YPF has shown some signs of cooling, with the Ministry of Economy announcing on Monday that an “agreement in principle” for compensating the Spanish corporation had been reached.

  • Thursday, November 21st 2013 - 13:38 UTC

    Are Canadian Energy Stocks Set for a Rebound? Interview with Colin Soares

    US will always want Canadian heavy oil as their refining complex is mostly heavy oil, and trades at a discount to both Mexican and Venezuelan competition

    As Canadian energy stocks are finally seeing a bit of a push, and demand for Canadian commodities looks set to rise, juniors are confident that economics will ensure that Canadian oil—the cheapest in the world—will find its way to more markets, with or without Washington's approval of Keystone XL.

  • Tuesday, November 19th 2013 - 09:08 UTC

    US government sides with Repsol in the YPF assets seizure with Argentina

    US Secretary of Energy Ernest Moniz was asked about the issue in Madrid

    United States sided with Spain's Repsol position in the dispute over the seizure of a majority stake in YPF by the administration of Argentine President Cristina Fernandez last year, a dispute which remains unresolved over compensation for the assets.

  • Friday, November 15th 2013 - 16:15 UTC

    Deliver or Die: Financial Survival Challenges for Today’s Junior Oil Companies

    “The only way a junior can truly capitalize their program and fund their growth is through internal generation of cash,” says Nichol, Edge Resources CEO

    Long gone are the days of easy money, so it seems. Junior energy companies are finding today’s capital to be more expensive and harder to access. In the current market, juniors are fighting an ongoing battle just to balance sustainable growth, manage debt, and to compete with peers for dollars that just aren’t there. When assessing a junior, one must look at how they put their budgets together and maintain them if they’re to survive out there in the wild.

  • Thursday, November 14th 2013 - 19:09 UTC

    Japan unveils floating wind farm off the coast of the defunct Fukushima

    One of the 143 floating turbines tethered to the ocean floor

    Japan unveiled a new wind farm off the coast of Fukushima last week. Only thirteen miles offshore from the Fukushima Daichi nuclear power station, the same nuclear station that notoriously attracted the world's attention during the 2011 Japanese tsunami, the new wind farm is expected to produce upwards of one gigawatt from 143 wind turbines. For comparison, the now-inoperable Fukushima Daichi nuclear power plant could provide 4.4 gigawatts.

  • Wednesday, November 13th 2013 - 06:22 UTC

    New oil resources does not mean an era of abundance cautions IEA

    IEA Executive Director Maria van der Hoeven. “We have the tools to deal with such profound market change”

    Technology and high prices are opening up new oil resources, but this does not mean the world is on the verge of an era of oil abundance, according to the International Energy Agency’s (IEA) 2013 edition of the World Energy Outlook (WEO 2013).

  • Wednesday, November 13th 2013 - 00:09 UTC

    OPEC admits shale oil boom, mostly in the US, will have an impact on world supply

    But IEA dismisses reports that shale oil could weaken OPEC role in world supply

    OPEC said on Tuesday its rivals will produce more oil than expected this year, as it continued backpedaling from its previous skepticism over the significance of a US shale boom. The views of the Organization of the Petroleum Exporting Countries show it is narrowing its differences with oil consumers on the impact of resurgent North American output.

  • Monday, November 11th 2013 - 23:46 UTC

    Falklands oil companies bombarded with warning-letters from Argentina

    Argentina considers that companies such as Premier and Rockhopper are operating in a clandestine way

    Argentina has begun a determined campaign to deter companies from drilling for oil in disputed waters around the Falkland Islands in the south Atlantic. On the eve of a visit by UK parliamentarians to Buenos Aires this week, the Argentine embassy in London warned that legal action was being ramped up against drillers and their suppliers, reports Terry Macalister in The Guardian.

  • Saturday, November 9th 2013 - 05:54 UTC

    Falklands: FOGL starts 3D seismic survey in north basin; drilling in late 2014

    PGS Ramform Titan ship has begun the survey over the mid-Cretaceous complex

    Falkland Oil and Gas Ltd, FOGL, announced on Friday it has started the third 3D seismic survey of its northern area licences in the Falkland Islands. The oil and gas exploration and development company with operations in the Falkland Island Basins said the PGS Ramform Titan ship has begun the survey over the mid-Cretaceous complex.