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MercoPress, en Español

Montevideo, December 21st 2025 - 05:56 UTC

Energy & Oil

  • Tuesday, September 30th 2025 - 10:11 UTC

    Falklands, growing hydrocarbons oil activity and funding for the Sea Lion oil project

    The first phase of the Sea Lion project is targeting 170 million barrels of oil via the redeploying floating production, storage and offloading vessel Aoka Mizu.

    Rockhopper Exploration half year results indicate that the UK oil and gas company is more hopeful than ever that a final investment decision will come this year on the Sea Lion oil project in the Falkland Islands, after it secured a successful capital raise of up to US$ 140 milliom. Rockhopper holds a 35% interest in the project with the Israeli operator Navitas Petroleum holding the remaining 65%.

  • Monday, September 29th 2025 - 09:26 UTC

    Bolivia: YPFB lawyer says current refining scheme is profitable

    “Clearly, any criminal prosecution without evidence is political persecution,” Eduardo Saucedo insisted

    Bolivia's State-run oil company YPFB's Legal Affairs Manager, Eduardo Saucedo, defended the creation of Botrading, a refining subsidiary, arguing that it resulted in savings worth over US$300 million despite prosecutors claiming otherwise.

  • Wednesday, September 24th 2025 - 09:17 UTC

    Trump underscores Europe's failures on immigration and energy

    “The immigration and their suicidal energy ideas will be the death of Western Europe,” Trump warned

    US President Donald Trump stressed during his speech at the UN General Assembly on Tuesday that other countries' policies on immigration and energy were “destroying a large part of the free world” and causing nations to “go to hell.”

  • Tuesday, September 23rd 2025 - 20:48 UTC

    LATAM places orders for 24 Embraer E195-E2 jets

    Over 200 units of the Embraer E-195 E2 have been delivered as of 2025

    LATAM Airlines placed orders this week for the purchase of up to 74 Brazilian-built Embraer E195-E2 passenger jets to expand its network of regional destinations.

  • Saturday, September 20th 2025 - 01:05 UTC

    Green hydrogen project in Uruguay not quite environmentally friendly

    HIF now needs to submit a more detailed environmental study before it can proceed

    A green hydrogen production plant planned for Uruguay by the company HIF has been classified as having a “significant negative environmental impact” by the South American country's Environment Ministry, due to which the initiative, at an estimated investment of US$6 billion, faces several challenges.

  • Friday, September 19th 2025 - 10:46 UTC

    Noboa declares curfew in five of Ecuador's provinces

    “Democracy cannot be replaced by threats, blockades, or impositions that disregard the will of the people,” the Ecuadorean government of President Noboa contended

    Ecuador's President Daniel Noboa has declared a curfew in five provinces and extended the state of emergency to an eighth province. These measures were adopted in response to planned protests over the elimination of a diesel subsidy, resulting in a rise from US$1.80 to US$2.80 per gallon, sparking outrage among transport workers and other social sectors.

  • Friday, September 19th 2025 - 09:21 UTC

    Starmer and Trump sign key bilateral deal

    They disagreed, however, on the UK's intentions to recognize a Palestinian State

    US President Donald Trump and British Prime Minister Keir Starmer signed a major “technology prosperity deal” on Thursday, focused on artificial intelligence (AI) and civil nuclear energy. The agreement is expected to bring over US$205 billion in investment from US tech giants to the UK.

  • Wednesday, September 17th 2025 - 10:09 UTC

    Venezuela and Iran pledge to strengthen nuclear cooperation

    Quintero highlighted the importance of promoting the role of atomic energy in the promotion of peace, health, and global development

    Venezuela's Deputy Science and Technology Minister Alberto Quintero met in Vienna with Atomic Energy Organization of Iran (AEOI) head Mohamad Eslami to discuss bilateral cooperation in the field of nuclear technology, as well as the expansion of collaboration in the production of radiopharmaceuticals and the development of nuclear education and research.

  • Monday, September 8th 2025 - 09:31 UTC

    Massive blackout hits eastern Cuba

    Cuba's electricity production deficit leads to repeated blackouts

    A massive blackout hit eastern Cuba Sunday, affecting millions of people across five provinces: Las Tunas, Granma, Holguín, Santiago de Cuba, and Guantánamo.

  • Tuesday, September 2nd 2025 - 10:24 UTC

    Brazil reaches all-time high in oil and gas output

    Petrobras, alone or in consortium with other companies, is responsible for 89.78% of the total oil and natural gas produced

    Brazil surpassed the barrier of 5 million barrels of oil and natural gas produced per day for the first time ever, the National Agency of Petroleum, Natural Gas and Biofuels (ANP), the regulatory agency for the oil and gas industry, announced Monday. The achievement was recorded in July this year, it was also explained.