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MercoPress, en Español

Montevideo, April 4th 2025 - 22:52 UTC

Energy & Oil

  • Wednesday, October 30th 2024 - 10:40 UTC

    YPF to sell Metrogas stake to focus on Vaca Muerta

    Now it is the right time, Marín argued

    Argentina's state-run oil company YPF announced Tuesday that it plans to sell its shares in cooking gas distributor Metrogas to invest those funds in Vaca Muerta. YPF CEO Horacio Marín also outlined before the Inter-American Council of Trade and Production (Cicyp) the strategy to increase by fourfold the company's value over the next four years.

  • Monday, October 28th 2024 - 21:44 UTC

    Rosatom completes first batch of nuclear fuel for Bolivia

    Bolivia was the first South American country to use Russian nuclear fuel, said Rosatom's Oleg Grigoriyev

    Russia's State Nuclear Energy Corporation Rosatom has completed the first batch of nuclear fuel for the reactor being built in Bolivian city of El Alto for the South American country's Center for Research and Development in Nuclear Technology (CIDTN), it was announced Monday in Moscow. The Russian Government agency also said in a statement that the chemicals manufactured at Rosatom's facilities in Novosibirsk had “passed acceptance inspection.” The fuel is to be delivered in 2025, it was also explained.

  • Monday, October 28th 2024 - 21:21 UTC

    Noboa hopes Colombia will help Ecuador through the energy crisis

    “If I were a normal citizen, I would be upset with the president if there were blackouts,” Noboa admitted

    Ecuadorean President Daniel Noboa asked neighboring Colombia for help getting through the electricity crisis with power cuts dating back to Sept. 23 affecting households up to 14 hours a day, it was reported Sunday. The head of state admitted his popularity was waning ahead of the Feb. 9, 2025, elections.

  • Monday, October 21st 2024 - 20:15 UTC

    Falklands Government extends Rockhopper's Petroleum Production Licenses to December 2026

    Rockhopper CEO Sam Moody commented: ”We are pleased to have extended the licenses, enabling us to continue progressing our work in the Falkland Islands.”

    Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin announced that, following discussions with the Falkland Islands Government, FIG has agreed to extend all of the Company’s North and South Falkland Basin Petroleum Production Licenses meaning that the licenses will now run until the 31 December 2026.

  • Wednesday, October 16th 2024 - 08:25 UTC

    Falklands, Rockhopper Exploration disposes of Italian assets to focus on Sea Lion

    “The combination of the insurance policy and transaction with Zodiac allows us to refocus the Company on Sea Lion,” said CEO Samuel Moody (Pic Rockhoper Exploration)

    Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin (“NFB”), has announced it has put in place an insurance policy to cover the event that the Italian Republic succeeds in its attempt to have the Rockhopper Ombrina Mare Arbitration Award annulled and has also signed a share purchase agreement with Zodiac Energy Limited to exit its other Italian assets.

  • Tuesday, October 15th 2024 - 09:00 UTC

    Some 400,000 households still powerless in São Paulo after three days

    “More than 50% of the events were due to trees falling on the medium and low voltage system in São Paulo,” Silveira also explained

    Given that some 400,000 households in São Paulo were without electricity on Monday after problems caused by a storm last Friday, federal Energy Minister Alexandre Silveira gave suppliers Enel 3 days to fully restore supply, Agencia Brasil reported.

  • Monday, October 14th 2024 - 10:38 UTC

    No end in sight for Ecuador's energy crisis

    Ecuador has a 30% deficit in its electricity generation capacity

    Power shortages in Ecuador are expected to continue for the time being, Energy Minister Inés Manzano warned during the weekend in a video broadcast through social media. “Faced with this situation [of drought] we must maintain the cuts and be responsible,” argued the minister.

  • Wednesday, October 9th 2024 - 09:13 UTC

    YPF to relocate Vaca Muerta HQs to Buenos Aires

    Decisions are no longer made based on the work of the Company Man at the foot of the well, Marín insisted

    Argentina's state-run oil company YPF announced Tuesday that it would be opening an operations center in its tower in the exclusive Puerto Madero district in Buenos Aires to run Vaca Muerta. The move is expected to cut costs by 30% and save up to US$ 1.5 billion a year.

  • Monday, October 7th 2024 - 08:53 UTC

    Bolivia unloads fuel in Arica where classes are suspended after hydrocarbons smelled in water

    No link has been corroborated between the unloading of fuel for Bolivia and the smelling presence of hydrocarbons in Arica's water

    The Chilean port of Arica saw 236,000 barrels of fuel unloaded for Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) while the city prepares for two days with no on-site classes as the local drinking water has been deemed unfit for human consumption given its hydrocarbon odor.

  • Thursday, October 3rd 2024 - 09:41 UTC

    Falklands Borders & Southern raises £1.5 million to advance development of the Darwin Gas Condensate discovery

    Harry Baker, Borders & Southern CEO said they are “seeking a partner to move Darwin forward by either testing Darwin East or drilling another target.”

    Independent oil and gas company, with assets offshore Falkland Islands, Borders & Southern Petroleum, (AIM: BOR) has announced it has raised £1.5 million, before expenses to advance the development of its 100% owned Darwin Gas Condensate discovery offshore the Islands. The Fundraising comprises a placing and a subscription by a majority of the Company's directors.