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MercoPress, en Español

Montevideo, April 28th 2025 - 08:02 UTC

Energy & Oil

  • Wednesday, July 27th 2022 - 09:32 UTC

    Falklands extends oil licenses two years for farm-in Rockhopper/Navitas accord

    Rockhopper and Navitas will seek to align working interests across all their North Falkland Basin petroleum licenses – Rockhopper 35% / Navitas 65%

    Positive news for Falklands' oil industry development. All regulatory consents for the transaction between Harbour Energy plc and Israel's Navitas Petroleum LP of its Falkland Islands offshore license interests have been approved by the Falkland Islands government and the United Kingdom minister of state.

  • Tuesday, July 26th 2022 - 10:38 UTC

    Petrobras output down in second quarter Bolsonaro confident his friend Putin will supply him with diesel fuel

    Petrobras’ hydrocarbons output stood at 2.6 million barrels of oil equivalent per day (BOE/day) in the second quarter, down 5% from the same period last year.

    Oil exports by Brazilian energy giant Petrobras fell by 28.5% in the second quarter of 2022, to 531,000 barrels per day (b/d), compared to the same period a year ago, the company said in its quarterly production and sales report. The news comes when the country is looking for cheaper opportunities to import diesel fuel from countries currently free of sanctions.

  • Saturday, July 23rd 2022 - 22:49 UTC

    Falklands’ black gold rush might at last be a reality

    Rockhopper’s Sam Moody says the project will “transform the economy” of the islands (Times photographer Nicky Ray)

    By Dominic O’Connell, The Times- Head north from the Falkland Islands, across the South Atlantic waves where albatross wheels and whales sound, and you pass over what could be a big new oil province — a significant source of hydrocarbons controlled not by sheiks or oligarchs, but by the United Kingdom.

  • 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.