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MercoPress, en Español

Montevideo, June 9th 2026 - 17:42 UTC

Energy & Oil

  • Tuesday, June 10th 2014 - 13:17 UTC

    Obama's climate plan is leaking methane

    By the EPA's own estimate, coal generation will decline by 20% to 22% by 2020.

    The United States Environmental Protection Agency's new regulations aimed at reducing carbon emissions by 30% will no doubt lead to a cleaner economy. But the road there will be paved with methane. By requiring reductions in the energy intensity per megawatt-hour of electricity generation, utilities will have the ability to choose from an array of options for how to meet the targets.

  • Wednesday, June 4th 2014 - 20:26 UTC

    Falklands' welcomes rig-contract which marks beginning of oil drilling season in first quarter of 2015

    “FIG looks forward to working closely with the oil industry to deliver a safe and successful campaign”, said Luxton

    The Falkland Islands Government welcomed the announcement on Thursday morning that a drilling rig has been contracted by a consortium of licensees for a new six-well program of offshore exploration and appraisal work commencing in early 2015.

  • Wednesday, June 4th 2014 - 08:58 UTC

    Mexico's Pemex sells its majority stake in Repsol over management disputes

    The Mexican government wanted Brufau ousted of his leading post

    Mexico's state-owned oil giant Pemex has sold the majority of its stake in Spanish energy firm Repsol for approximately 2.2bn Euros with the intervention of Citigroup and Deutsche Bank. Pemex has been a shareholder in Repsol for more than 25 years.

  • Monday, June 2nd 2014 - 07:42 UTC

    YPF announces the discovery of 'tight gas' in Mendoza

    Paso de las Bardas Norte well reached a depth of 2.784 meters, is in the initial phase of evaluation contributing at least 70,000 cubic meters of gas

    Argentina state oil producer YPF announced on Sunday it had made a discovery of 'tight gas' in the western Argentine province of Mendoza. The find by the Paso de las Bardas Norte xp-37 exploration well has a potential 25 million barrels equivalent of recoverable resources, the company said in a statement.

  • Sunday, June 1st 2014 - 12:59 UTC

    Exxon, BP defy White House and extend partnership with Russia

    ”(They're) eager to continue work on projects in Russia,” Russia's Energy Minister Novak said of ExxonMobil and Shell

    Several of the largest oil companies in the world are doubling down in Russia despite moves by the West to isolate Russia and its economy. ExxonMobil and BP separately signed agreements with Rosneft – Russia's state-owned oil company – to extend and deepen their relationships for energy exploration.

  • 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.