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MercoPress, en Español

Montevideo, July 26th 2024 - 23:31 UTC

Energy & Oil

  • Thursday, June 13th 2024 - 10:31 UTC

    Several companies trying to replicate Guyana's oil boom success in Suriname

    Suriname is a former Dutch colony in the north of South America, with a long history of corruption and drug dealings, but oil could make a vast transformation.

    Will Suriname become another oil boom province as neighboring Guyana? Wood Mackenzie hydrocarbons consultants believe it to be possible but exploration efforts have taken longer and the extraordinary Stabroek Block success and its dozen discoveries from the ex British colony has yet to be replicated.

  • Thursday, June 13th 2024 - 10:21 UTC

    Falklands, survey shows support for draft Energy Strategy and Implementation Plan

    Falklands are quite innovative in renewable and sustainable energy solutions, with some 40% generated at a wind farm to be expanded to further satisfy demand from Stanley and MPC

    From December 2023 to February 2024, the Falkland Islands Environment Department held a public consultation on the draft Energy Strategy and Implementation Plan. In total, 57 surveys were returned, and further comments were collected through public meetings and sessions with Stakeholders in Stanley and West Falkland.

  • Friday, June 7th 2024 - 09:47 UTC

    Uruguay's Ancap posts US$ 48 million losses in three months

    Foto: Mauricio Zina / adhocFOTOS

    Uruguay's state-owned oil company Ancap reported this week losses worth US$ 48 million in the last three months after needing to import fuel to meet local demand following the shutdown of the La Teja refinery for maintenance work starting Sept. 4, 2023.

  • Thursday, June 6th 2024 - 19:50 UTC

    Bolivian President thanks Putin for Russia's partnership

    Broader talks are to be arranged for the near future regarding Russian-Bolivian cooperation, it was reported in St Petersburg

    Bolivian President Luis Arce Catacora held a meeting with his Russian colleague Vladimir Putin on the sides of the St. Petersburg International Economic Forum (SPIEF) during which both leaders agreed on joint undertakings in the South American country regarding lithium battery production in addition to discussing other bilateral topics of interest.

  • Sunday, June 2nd 2024 - 09:58 UTC

    China companies targeting Brazil to manufacture electric vehicles

    The steep increase in exports to Brazil comes ahead of a further increase in tariffs on EVs and hybrid vehicle imports from July as Brazil seeks to encourage local auto production.

    With the European Union and United States strongly limiting imports of electric vehicles, EV, from China, exports of manufactured pure electric and plug-in hybrid cars to Brazil soared 13-fold year-on-year to 40,163 units in April, making it the biggest export market for a second straight month, according to data from the China Passenger Car Association (CPCA).

  • Saturday, June 1st 2024 - 10:09 UTC

    Venezuela condemns Caricom declaration regarding Essequibo

    Venezuela claimed that Guyana had handed over its sovereignty to the United States and Exxon Mobil

    Venezuela's Foreign Ministry rejected the Caribbean Community's latest statement regarding the oil-rich Essequibo territory under Guyana's control since 1899 which the Spanish-speaking country claims as its own.

  • Thursday, May 30th 2024 - 14:05 UTC

    Gas supply getting back to normal in Argentina

    It was feared that shortages would last indefinitely

    Supply of Compressed Natural Gas (CNG) to petrol stations nationwide in Argentina was halted for almost a day Wednesday after authorities prioritized the fluid's use for heating purposes amid temperatures falling below May's average, it was reported in Buenos Aires. The situation was returning to normal after gas from Brazil's Petrobras began unloading from a ship. The cuts affected drivers and industries alike.

  • Tuesday, May 28th 2024 - 14:01 UTC

    Petrobras' new CEO upholds current pricing policy

    The goal is to be profitable while remaining sustainable, Chambriard explained three days after taking over as CEO of Petrobras

    The new CEO of Brazil's State-run oil company Petrobras Monday defended during a press conference the company's current pricing policies to preserve domestic market stability, Agência Brasil reported. Magda Chambriard had been on her post three days after a reshuffle ordered by President Luiz Inácio Lula da Silva.

  • Tuesday, May 21st 2024 - 20:38 UTC

    Taiwanese company gets deal to build electric buses in Paraguay

    The bus manufacturing plant in Paraguay is expected to generate some 2,600 job opportunities

    Paraguayan authorities signed a memorandum of understanding with Taiwan's Master Transportation to produce electric buses for the South American country. The arrangements were made during President Santiago Peña's tour of the Island with Industry and Commerce Minister Javier Giménez, who signed on behalf of the visiting delegation. Company President Ting-Fa Wu represented the producers of the DMIT e-Bus.

  • Wednesday, May 15th 2024 - 19:54 UTC

    Petrobras' shares plummet after Prates' departure from CEO post

    Prates said he was happy having averted full privatization rumors shadowing Petrobras

    Brazilian President Luiz Inácio Lula da Silva's decision to have Jean-Paul Prates removed as CEO of the State-run oil company Petrobras resulted in shares dropping more than 8% at the Sao Paulo Stock Exchange on Wednesday. Ordinary shares (PETR3) fell 8.36% while preferred shares (PETR4) went down 6.75%, it was reported. In addition, Petrobras' ADRs (American Depositary Receipt) in New York were down around 7.5% on Wednesday.