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MercoPress, en Español

Montevideo, November 22nd 2024 - 23:09 UTC

Energy & Oil

  • Tuesday, July 19th 2022 - 09:27 UTC

    Venezuelan gov't speaks of terrorist attack as oil pipe burns

    Cabello insisted the perpetrators stemmed from US imperialist actions

    Venezuelan authorities were speaking of a “terrorist attack” Monday after a state-owned gas pipeline went up in smoke Sunday in the country's eastern region.

  • Monday, July 18th 2022 - 09:03 UTC

    The “nitrogen war” in Netherlands, an anticipation of times to come

    Netherlands emits a large quantity of nitrogen because of its massive agriculture industry which accounts for about 87% of the country's 124 million kilograms of annual ammonia emissions

    Farmers in the Netherlands are revolting over the government's plan to drastically reduce nitrogen emissions by 2030 and is pointing to agriculture and farmers as the worst offenders. But farmers have taken to the streets, blocking roads, and distribution centers, and there has been some serious incidents, including police opening fire on protestors,

  • Saturday, July 16th 2022 - 10:06 UTC

    Europe overtakes Asia as first buyer of US oil in five months of 2022

    The change resulted from the redirection of oil flows following Russia’s invasion of Ukraine and the sanctions that the EU and US imposed on Moscow

    During the first five months of the year Europe has overtaken Asia as the biggest buyer of US crude, having imported 213.1 million barrels, while Asia imported 191.1 million barrels, Bloomberg reported, citing Census Bureau data. This is the first time in six years that Europe has been a bigger buyer of U.S. crude than Asia.

  • Wednesday, July 13th 2022 - 09:31 UTC

    Biden and AMLO discuss immigration, oil supply, and China's role

    It was comfortably accepted that China would be the world's factory, with the fallacious idea that, because of globality, we could import whatever we needed, AMLO told Biden

    Presidents Andrés Manuel López Obrador of Mexico and Joseph Biden of the United States Wednesday held their second face-to-face meeting, and the first since the Latin American leader chose not to attend last month's Summit of the Americas in Los Angeles following the White House's decision not to invite Cuba, Nicaragua, and Venezuela to the event.

  • Saturday, July 9th 2022 - 10:30 UTC

    Conviasa suspends Caracas-Buenos Aires route

    A Conviasa Airbus A340-600 registration YV-3533 is under investigation for fudgy operations from Caracas to Santiago and Buenos Aires

    Venezuela's flag carrier Conviasa has announced it will halt its Caracas-Buenos Aires route at least until September in light of the refueling problems all its aircraft face for belonging to a company blacklisted by the US Treasury.

  • Thursday, June 30th 2022 - 09:29 UTC

    Brazil negotiating the purchase of diesel fuel from Russia

    Petrobras currently has access to Russia/India oil/fuel but it is not easy, since banks are not interested in opening a letter of credit for Russian imports

    Anticipating possible fuel shortages, particularly diesel, the Brazilian government is considering importing the fuel from Russia. Currently, only Petrobras imports diesel from India, the country which is refining Russian oil. Brazil's foreign ministry is already helping private companies with the necessary accreditation for such operations through Abicom, the fuel importers association.

  • Tuesday, June 28th 2022 - 21:15 UTC

    Bolsonaro says Brazil might buy diesel from Russia

    Chances are Brazil will buy diesel from Russia, where it is available “at a more convenient price,” Bolsonaro said

    Brazilian President Jair Bolsonaro has hinted he might purchase diesel from Russia after a telephone conversation with Vladimir Putin, who had reportedly vowed to guarantee the South American country a steady supply of fertilizers despite the ongoing war with Ukraine.

  • Tuesday, June 28th 2022 - 09:19 UTC

    New Petrobras CEO greenlighted pending objections

    Paes' education and expertise are not exactly related to the energy sector, his opponents argue

    Caio Mário Paes de Andrade has been approved Monday as the new CEO of Brazil's state-run oil company to replace José Mauro Coelho, who lasted merely 68 days on the job.

  • Saturday, June 25th 2022 - 11:08 UTC

    Uruguay is back in the oil exploration business; three companies awarded four off shore blocks

    Discovery of oil in similar geological conditions in Namibia has attracted interest in Uruguay's maritime shelf potential

    Uruguay's oil refining and fuel distribution company Ancap announced on Friday that three blocks and exploration licenses in the country's maritime shelf had been awarded. Two of them were acquired by Shell and the third by Apache Corporation, including an exploratory well, in the framework of the Open Uruguay Round.

  • Wednesday, June 22nd 2022 - 20:11 UTC

    Unconventional production boosts oil and gas output in Argentina

    “We have an activity in permanent growth, thanks to the strong impulse we gave to Vaca Muerta,” Martínez said

    Argentina's oil output reached its zenith in 20 years with 584,000 barrels per day (bpd) delivered in May of 2022, thanks mostly to unconventional developments, it was reported Tuesday.