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MercoPress, en Español

Montevideo, November 13th 2026 - 13:11 UTC

Energy & Oil

  • 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.

  • Wednesday, June 22nd 2022 - 09:28 UTC

    Bolsonarists looking for strategies to halt fuel price increases

    Bolsonarist lawmakers are looking for ways around legislation from the Temer era to have more control over the price of fuel

    While Brazil's Energy Minister Adolfo Sachsida appeared Tuesday before the Lower House to answer questions about the current situation regarding the state-owned oil company Petrobras, the Government of President Jair Bolsonaro is concocting other strategies to curb the neverending increases in the price of fuel.

  • Tuesday, June 21st 2022 - 09:24 UTC

    German “Green” minister admits electricity coal burning plants will have to go back into production

    “To reduce gas consumption, less gas must be used to generate electricity. Coal-fired power plants will have to be used more instead,” Economy Habeck said

    Germany will have to increase the burning of coal for electricity production, because of the cut in gas supplies from Russia, economy minister Robert Habeck announced, despite his Greem party's policy favoring green energy and eliminating fossil fuel.

  • Tuesday, June 21st 2022 - 09:21 UTC

    Petrobras CEO Coelho bows to pressure and resigns

    Exploration and Production Chief Fernando Borges has been appointed interim president

    After barely 40 days on the job, José Mauro Coelho resigned as CEO of Brazil's state-run oil company Petrobras due to pressure from President Jair Bolsonaro and other politicians over a recent increase in the price of fuel, which drives inflation upwards ahead of the Oct. 2 elections. Bolsonaro had dubbed the price hike a “betrayal” of the Brazilian people.