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MercoPress, en Español

Montevideo, November 23rd 2024 - 03:31 UTC

Energy & Oil

  • Friday, April 8th 2022 - 09:50 UTC

    Gas deal between Bolivia and Argentina signed

    Fernández thanked Arce for his efforts

    The Government of Argentina Thursday announced a new understanding with Bolivia to secure a daily gas supply of 14 million cubic meters and a commitment so that, in the future, Argentina will have priority to import any surplus in output.

  • Wednesday, April 6th 2022 - 09:47 UTC

    Uruguay's ANCAP makes US$ 88 million profit in 2021

    In the only business segment where ANCAP is a monopoly “it lost money,” Stipanicic said

    After several adjustments in the price of fuel, Uruguay's state-run oil company ANCAP reaped profits worth US$ 88 million, authorities from the petrol supplier reported Tuesday in Montevideo.

  • Wednesday, April 6th 2022 - 09:44 UTC

    Massive investments in Guyana's oil and gas industry by Exxon-Mobil

    Exxon, Hess Corp. and CNOOC Ltd Consortium started production in Guyana in 2019. They have discovered more than 10 billion barrels of recoverable oil.

    Exxon Mobil is investing heavily off the coast of Guyana expecting future production of some 1,2 million barrels per day of oil and gas by 2027. According to the company the fourth oil project production off Guyana will receive an investment of US$ 10 billion.

  • Tuesday, April 5th 2022 - 20:14 UTC

    Gas supply deal with Bolivia almost closed, Argentine officials say

    “Bolivia knows that Argentina is an ally and a friend,” Basteiro explained

    Pending Brazil's approval, Argentina has announced it had agreed to purchase additional gas from Bolivia to meet wintertime demand, Integración Energética Argentina Sociedad Anónima (IEASA) announced Tuesday, according to press reports in Buenos Aires.

  • Tuesday, April 5th 2022 - 09:36 UTC

    Bolsonaro still unable to find new Petrobras chief

    Pires' was Bolsonaro's second straight setback regarding Petrobras

    Brazilian Economist Adriano Pires has turned down President Jair Bolsonaro's offer to chair the state-run oil company Petrobras after dismissing General Joaquim Silva e Luna, who repeatedly adjusted the price of fuel against the head of state's recommendations.

  • Thursday, March 31st 2022 - 10:25 UTC

    Uruguayan gov't announces new increase in price of fuel

    The adjustment was below Ursea's recommendations, Lacalle explained

    Uruguayan authorities Wednesday announced the price of fuel at pumps will go up as of Friday, April 1. President Luis Lacalle Pou confirmed that gasoline will go up UR$ 3 (US$ 0.07), from UR$ 74.88 (US$ 1.81) to UR$ 77.88 (US$ 1.88) and UR$ 5 (US$ 0.12) for diesel, from UR$ 53.99 (US$ 1.3) to UR$ 58.99 (US$ 1.49).

  • Wednesday, March 30th 2022 - 09:59 UTC

    Cold winter and fuel shortages ahead for Argentina

    Vaca Muerta remains as one of the world's most promising profitable shale deposits, but with no investments and clear rules of the game...

    Argentina is on the world's top short list of countries with the largest reserves of gas, but given its political chaos, rabid nationalism and constant changes to the rules of the game, investors remain shy and Argentina will have to prepare for a cold austral winter and even fuel rationing as it's already happening with diesel, desperately needed to harvest summer crops and prepare the soil for summer sowing.

  • Wednesday, March 30th 2022 - 09:53 UTC

    Gas: Bolivia advised to renegotiate with Brazil and sell more to Argentina

    The gas Bolivia should be selling to Argentina is in Brazil at a bargain price stemming from a deal signed by former President Áñez, Balanza explained.

    While the Bolivian state-run YPFB is yet to report on any progress regarding payment conditions with Brazil for gas sales or the signing of the sixth addendum to the export contract with Argentina, hydrocarbon analysts have insisted on the need to roundup these negotiations given the current situation stemming from Russia's invasion of Ukraine.

  • Monday, March 28th 2022 - 09:34 UTC

    EC activates mechanism to compensate the higher costs of fishing industry

    The European fund will allow fishermen, producer organizations and associations to obtain compensation for lost income or additional costs

    The European Commission activated a crisis mechanism to compensate for the rise in diesel prices, a situation linked to the war in Ukraine and that is having a significant impact on the European fisheries sector.

  • Friday, March 25th 2022 - 09:30 UTC

    Force-majeure applies to pre-war Russian diesel shipments bound for Ecuador

    “The cargoes were bought and loaded before the war broke out,” Petroecuador's Noboa said

    Ecuador's oil ruling entity Petroecuador has granted force majeure exemptions to shipments of Russian diesel which were already underway when the invasion of Ukraine started and western powers replied by imposing sanctions on Vladimir Putin's government