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MercoPress, en Español

Montevideo, October 31st 2025 - 18:58 UTC

Energy & Oil

  • Thursday, September 10th 2009 - 11:31 UTC

    Petrobras, BG, Repsol confirm huge offshore oil deposit

    Guara could hold anywhere from 1.1 to 2 billion barrels of oil

    Petrobras, British Gas and Repsol-YPF announced Wednesday that the deepwater offshore Guara field holds between 1.1 and 2 billion barrels of oil. In an official release Brazil’s government managed oil company Petrobras said initial output may be as much as 50,000 barrels of oil equivalent a day by 2012.

  • Thursday, September 10th 2009 - 05:00 UTC

    Repsol praises Brazil’s legal and fiscal stability for the oil industry

    Antonio Brufau, Repsol’s CEO says Brazil has become a crucial piece of its world operations

    Spain’s oil corporation Repsol-YPF CEO Antonio Brufau praised Brazil for its stability and clear rules of the game for the hydrocarbons industry. Brazil which holds huge reserves of offshore sub-oil this week announced a plan to reinforce control over the new deposits.

  • Monday, September 7th 2009 - 14:49 UTC

    Brazil has the “knowledge to build an atomic bomb”

    The academic thesis presented at the Military Institute of Engineering caught the eye of IAEA.

    Brazil has the necessary knowledge to build an atomic bomb according to an article in Sunday’s edition of Jornal do Brazil. The statement is based on a doctoral thesis presented recently at the Military Institute of Engineering IME.

  • Saturday, September 5th 2009 - 06:32 UTC

    Controversy over bankers’ bonuses at Finance minister summit in London

    A cap would be “unenforceable”, warned UK Chancellor of the Exchequer Alistair Darling

    A cap on bonuses paid to London City bankers would be “enforceable” UK Chancellor of the Exchequer Alistair Darling warned on Friday. Proposals to curb excessive pay and bonuses are being pushed by European nations at the two-day meeting of Finance ministers from the G20 group of major economies being hosted by Mr. Darling in London.

  • Friday, September 4th 2009 - 13:12 UTC

    Chile determined to boost natural gas production in Magallanes

    The plan is mainly geared to ensure a steady supply of natural gas for the Methanex plant in Punta Arenas

    A full fledged effort to search for more natural gas in the extreme south of Chile has been undertaken by the Chilean government and the private sector. The plan anticipates the drilling of 22 new wells, 120 kilometres to the north east of Punta Arenas in the Dorado-Riquelme quadrant, which already has a daily production of 450.000 cubic metres.

  • Thursday, September 3rd 2009 - 03:26 UTC

    BP announces giant deep oil discovery in the Gulf of Mexico

    The Tiber well was drilled to a depth of almost 11.000 metres

    British Petroleum announced Wednesday a giant oil discovery at its Tiber Prospect in the deepwater Gulf of Mexico. The well, located in Keathley Canyon block 102, approximately 400 kilometres south east of Houston, is in 1,259 metres of water.

  • Wednesday, September 2nd 2009 - 07:01 UTC

    Chinese company moves heavily into Canadian oil sands

    The Chinese operation is seen as an injection boost since oil sands are believed to be profitable when the oil barrel is above 80 US dollars.

    PetroChina plans to acquire a majority stake in Canada’s Athabasca Oil Sands which holds the largest lease in Alberta’s oil sands. The 1.7 billion US dollars deal with Asia’s largest oil company means taking control of 60% of the 1.3 million acres of oil sand leases held by Athabasca.

  • Monday, August 31st 2009 - 07:33 UTC

    Brazil announces sweeping reforms for oil and gas industry

    Lula da Silva wants the windfall earnings to be invested in education, technology and the poor

    The Brazilian government is set to unveil on Monday a sweeping reform of regulations covering the oil and natural gas industries Monday. The regulatory framework will delineate how recently discovered offshore sub-salt oil deposits should be developed, who will develop them and who will reap the rewards.

  • Wednesday, August 26th 2009 - 02:06 UTC

    Foreign Office impressed with Falklands oil security measures

    Minerals and Agriculture Director Phyl Rendell

    A British Foreign and Commonwealth security consultant whose work will assist the Falkland Islands Government to progress the drilling of offshore exploration wells spent a week in the islands earlier this month.

  • Monday, August 17th 2009 - 12:09 UTC

    Chile ponders tidal energy potential in Magellan Strait

    A positive report was ellaborated by the world’s leading renewable energy consultancy

    An initial study on Chile’s tidal energy capacity confirms the country has “unique global potential” for this renewable energy source. According to the report, published by Chile’s National Energy Commission (CNE), even if only 10% of this renewable resource is harnessed, it would exceed the existing installed capacity of Chile’s central electricity grid, or SIC.