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MercoPress, en Español

Montevideo, August 15th 2026 - 16:16 UTC

Energy & Oil

  • Wednesday, October 16th 2024 - 08:25 UTC

    Falklands, Rockhopper Exploration disposes of Italian assets to focus on Sea Lion

    “The combination of the insurance policy and transaction with Zodiac allows us to refocus the Company on Sea Lion,” said CEO Samuel Moody (Pic Rockhoper Exploration)

    Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin (“NFB”), has announced it has put in place an insurance policy to cover the event that the Italian Republic succeeds in its attempt to have the Rockhopper Ombrina Mare Arbitration Award annulled and has also signed a share purchase agreement with Zodiac Energy Limited to exit its other Italian assets.

  • Tuesday, October 15th 2024 - 09:00 UTC

    Some 400,000 households still powerless in São Paulo after three days

    “More than 50% of the events were due to trees falling on the medium and low voltage system in São Paulo,” Silveira also explained

    Given that some 400,000 households in São Paulo were without electricity on Monday after problems caused by a storm last Friday, federal Energy Minister Alexandre Silveira gave suppliers Enel 3 days to fully restore supply, Agencia Brasil reported.

  • Monday, October 14th 2024 - 10:38 UTC

    No end in sight for Ecuador's energy crisis

    Ecuador has a 30% deficit in its electricity generation capacity

    Power shortages in Ecuador are expected to continue for the time being, Energy Minister Inés Manzano warned during the weekend in a video broadcast through social media. “Faced with this situation [of drought] we must maintain the cuts and be responsible,” argued the minister.

  • Wednesday, October 9th 2024 - 09:13 UTC

    YPF to relocate Vaca Muerta HQs to Buenos Aires

    Decisions are no longer made based on the work of the Company Man at the foot of the well, Marín insisted

    Argentina's state-run oil company YPF announced Tuesday that it would be opening an operations center in its tower in the exclusive Puerto Madero district in Buenos Aires to run Vaca Muerta. The move is expected to cut costs by 30% and save up to US$ 1.5 billion a year.

  • Monday, October 7th 2024 - 08:53 UTC

    Bolivia unloads fuel in Arica where classes are suspended after hydrocarbons smelled in water

    No link has been corroborated between the unloading of fuel for Bolivia and the smelling presence of hydrocarbons in Arica's water

    The Chilean port of Arica saw 236,000 barrels of fuel unloaded for Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) while the city prepares for two days with no on-site classes as the local drinking water has been deemed unfit for human consumption given its hydrocarbon odor.

  • Thursday, October 3rd 2024 - 09:41 UTC

    Falklands Borders & Southern raises £1.5 million to advance development of the Darwin Gas Condensate discovery

    Harry Baker, Borders & Southern CEO said they are “seeking a partner to move Darwin forward by either testing Darwin East or drilling another target.”

    Independent oil and gas company, with assets offshore Falkland Islands, Borders & Southern Petroleum, (AIM: BOR) has announced it has raised £1.5 million, before expenses to advance the development of its 100% owned Darwin Gas Condensate discovery offshore the Islands. The Fundraising comprises a placing and a subscription by a majority of the Company's directors.

  • Monday, September 30th 2024 - 09:47 UTC

    Bolivia stops gas sales to Argentina, shifts toward Brazil

    The western Brazilian market is a Bolivian gas market, Dorgathen explained

    After terminating the supply to Argentina, Bolivia will up its gas pumping towards Brazil according to an agreement between YPFB and Petrobras. Buenos Aires announced it would no longer be needing Bolivian gas since Vaca Muerta, the second-largest reserve in the world and the fourth-largest oil reserve, guarantees the supply for its domestic market.

  • Monday, September 23rd 2024 - 08:55 UTC

    LNG project to go on with or without Petronas, YPF CEO says

    Local media are mentioning a 95% probability that the Malayan company would back down due to a slump in expectations

    Argentina's State-run oil company YPF CEO Horacio Marín admitted that the highly-announced US$ 30 billion joint Liquefied Natural Gas (LNG) venture with Malaysia's Petronas in Patagonia would go ahead despite the Asian partner's alleged intention to withdraw from it.

  • Monday, September 23rd 2024 - 08:35 UTC

    Power cuts inevitable in Argentina during next summer

    “The Energy Secretariat is working on the issue,” Francos also explained

    Argentina's Cabinet Chief Guillermo Francos reckoned there might be scheduled power cuts during the summer despite recent fare adjustments that represented a significant increase for most households. He argued that the measure would be the consequence of the lack of investments in recent years.

  • Friday, September 20th 2024 - 10:27 UTC

    Brazil evaluating return to summer daylight saving time

    Silveira said there was no energy risk in 2024 but it was necessary to think with an eye on 2025 and 2026

    Brazil's National Electric System Operator (ONS) suggested the federal government implement a summer daylight saving time scheme as part of its contingency plan, Agencia Brasil reported Thursday. The measure is now under evaluation with a decision due in the coming days, according to Energy Minister Alexandre Silveira, who also explained that even if adopted, it may not necessarily last the whole summer.