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MercoPress, en Español

Montevideo, May 19th 2025 - 05:12 UTC

Energy & Oil

  • Thursday, March 13th 2025 - 10:38 UTC

    Bolivian gov't announces measures to tackle fuel shortages

    Virtual schooling is encouraged in a move to reduce the need for transport amid fuel shortages

    Bolivian President Luis Arce Catacora announced Wednesday in a broadcast message a set of ten measures adopted by his government to tackle the fuel shortage affecting his country.

  • Thursday, March 13th 2025 - 10:31 UTC

    Labour has found out it needs to continue stimulating oil and gas production

    The Starmer government said it had only promised to ban new developments, not ones already approved by previous cabinets.

    An oil industry information site has published a most interesting piece on the UK Labour government turn around in its oil and gas policy. The piece recalls that when the Labour Party of Keir Starmer won the latest UK elections, it vowed to stop new oil and gas exploration. The Starmer cabinet has stayed true to its word on that—but it is looking for ways to boost production through other means.

  • Wednesday, March 12th 2025 - 10:27 UTC

    Bolivia's fuel shortage crisis deepens

    Bolivia has trouble importing fuel, which in turn brings losses to the agricultural industry in times of harvest

    The Bolivian department of Santa Cruz is experiencing a crisis caused by a severe diesel shortage, which has led to blockades and threats of strikes. Farmers in Concepción and Yapacaní have blocked key highways connecting Santa Cruz with other regions, protesting the lack of fuel that threatens their summer harvest of crops like soybeans, corn, and rice. These blockades have disrupted trade routes and prompted warnings of further protests in other towns like San Carlos and Portachuelo.

  • Tuesday, March 11th 2025 - 19:00 UTC

    Two more partners join Vaca Muerta Sur project

    “The Vaca Muerta Sur pipeline is the key for us,” Marín explained

    Shell Argentina and Chevron Argentina joined the Vaca Muerta Sur (VMOS) project as shareholders in the major oil transport infrastructure initiative led by a consortium including the state-owned YPF, Pan American Energy (PAE), Pampa Energía, Vista Energy, and Pluspetrol. “It is the most important oil transport infrastructure project of the last decades,” the consortium said in a statement.

  • Monday, March 10th 2025 - 10:45 UTC

    Trump's sanctions cut off all comunication lines, Maduro claims

    Maduro takes on Western powers as a common threat to build up unity around him

    Venezuelan President Nicolás Maduro criticized US President Donald Trump's decision to revoke Chevron's license to operate in the South American country, claiming it disrupted communication channels and hindered the repatriation of irregular migrants.

  • Friday, March 7th 2025 - 10:50 UTC

    Maduro says Chevron's departure will not hit Venezuela's oil production

    “We will go forward, we will recover, we will grow, we will produce, and they will not touch the lives of the Venezuelan people,” Maduro claimed

    Venezuelan President Nicolás Maduro insisted Thursday that his country’s oil production would drop “not even a liter” despite the U.S. ending Chevron’s license to export crude. Speaking on his weekly TV show, he pledged output would grow under his “Absolute Productive Independence” plan, despite US President Donald Trump's sanctions.

  • Thursday, March 6th 2025 - 10:58 UTC

    CABA: Electricity supply restored gradually but “complicated” days ahead

    Temperatures are expected to rise Thursday and Friday, so electricity consumption will not go down

    Although the electricity supply resumed gradually in the Buenos Aires Metropolitan Area (AMBA) starting at around 3 pm, “complicatted” days lie ahead given the scorching heat that boosts demand to operate air conditioning equipment. By Wednesday afternoon, service began to be restored to 70% of households, but some 196,000 users were estimated to still be without power after two massive blackouts.

  • Wednesday, March 5th 2025 - 20:11 UTC

    Buenos Aires under second mass blackout in a day

    Even the Casa Rosada was hit by the power outage

    A second massive blackout hit the Autonomous City of Buenos Aires (CABA) and parts of the so-called Buenos Aires Metropolitan Area (AMBA) Wednesday after a first outage at 5:50 am affected some 550,000 Edesur users in the neighborhoods of Balvanera, Barracas, Boedo, Caballito, La Boca, Monserrat, Parque Patricios, Recoleta, Retiro, and San Nicolás as well as in the municipalities of Avellaneda, Berazategui, Lanús, Lomas de Zamora, and Quilmes, bordering the country's capital. Edelap, the energy distribution company of La Plata, was also affected.

  • Sunday, March 2nd 2025 - 10:46 UTC

    Falklands, new energy vision should reach 100% renewable by 2045

    The strategic direction that will enhance life in the Falkland Islands by replacing aging and polluting energy infrastructure with modern facilities

    A new vision for how the Falkland Islands will achieve its energy ambitions has been approved by Executive Council. The new Energy Strategy and Implementation Plan outline the path for the Falkland Islands to reach 100% renewable energy provision by 2045.

  • Saturday, March 1st 2025 - 21:19 UTC

    Falklands’ oil company convenes shareholders for fundraising initiative

    The company, which holds a 100% interest in three Production Licenses in the South Falkland Basin, has made significant progress in its exploration efforts

    Borders & Southern Petroleum plc (AIM: BOR), the oil and gas company focused on the Falkland Islands, announced the upcoming General Meeting to seek shareholder approval for its fundraising initiative. The meeting is scheduled for March 21, 2025, at the offices of Wedlake Bell LLP in London.