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MercoPress, en Español

Montevideo, November 21st 2024 - 11:14 UTC

Energy & Oil

  • Saturday, June 1st 2024 - 10:09 UTC

    Venezuela condemns Caricom declaration regarding Essequibo

    Venezuela claimed that Guyana had handed over its sovereignty to the United States and Exxon Mobil

    Venezuela's Foreign Ministry rejected the Caribbean Community's latest statement regarding the oil-rich Essequibo territory under Guyana's control since 1899 which the Spanish-speaking country claims as its own.

  • Thursday, May 30th 2024 - 14:05 UTC

    Gas supply getting back to normal in Argentina

    It was feared that shortages would last indefinitely

    Supply of Compressed Natural Gas (CNG) to petrol stations nationwide in Argentina was halted for almost a day Wednesday after authorities prioritized the fluid's use for heating purposes amid temperatures falling below May's average, it was reported in Buenos Aires. The situation was returning to normal after gas from Brazil's Petrobras began unloading from a ship. The cuts affected drivers and industries alike.

  • Tuesday, May 28th 2024 - 14:01 UTC

    Petrobras' new CEO upholds current pricing policy

    The goal is to be profitable while remaining sustainable, Chambriard explained three days after taking over as CEO of Petrobras

    The new CEO of Brazil's State-run oil company Petrobras Monday defended during a press conference the company's current pricing policies to preserve domestic market stability, Agência Brasil reported. Magda Chambriard had been on her post three days after a reshuffle ordered by President Luiz Inácio Lula da Silva.

  • Tuesday, May 21st 2024 - 20:38 UTC

    Taiwanese company gets deal to build electric buses in Paraguay

    The bus manufacturing plant in Paraguay is expected to generate some 2,600 job opportunities

    Paraguayan authorities signed a memorandum of understanding with Taiwan's Master Transportation to produce electric buses for the South American country. The arrangements were made during President Santiago Peña's tour of the Island with Industry and Commerce Minister Javier Giménez, who signed on behalf of the visiting delegation. Company President Ting-Fa Wu represented the producers of the DMIT e-Bus.

  • Wednesday, May 15th 2024 - 19:54 UTC

    Petrobras' shares plummet after Prates' departure from CEO post

    Prates said he was happy having averted full privatization rumors shadowing Petrobras

    Brazilian President Luiz Inácio Lula da Silva's decision to have Jean-Paul Prates removed as CEO of the State-run oil company Petrobras resulted in shares dropping more than 8% at the Sao Paulo Stock Exchange on Wednesday. Ordinary shares (PETR3) fell 8.36% while preferred shares (PETR4) went down 6.75%, it was reported. In addition, Petrobras' ADRs (American Depositary Receipt) in New York were down around 7.5% on Wednesday.

  • Wednesday, May 15th 2024 - 19:20 UTC

    Lula orders major reshuffle at Petrobras' helm

    In 1Q of 2024, Petrobras' profits shrank 23% from last year's 4Q

    President Luiz Inácio Lula da Silva has ordered a reshuffle at the top of Brazil's state-run oil company Petrobras, with Magda Chambriard replacing Jean-Paul Prates as CEO, Agencia Brasil reported. Following the head of state's decision late Tuesday, the board of directors approved the early termination of Prates' term Wednesday morning. In the meantime, and until Chambriard takes office, Corporate Affairs Executive Director Clarice Coppetti has been appointed on an interim basis.

  • Tuesday, May 14th 2024 - 10:26 UTC

    Russia claims to have found huge oil reserves in Antarctica; UK feels it could mean a complete new ball game

    Junior Foreign Minister David Rutley said that Russia has given a commitment to abide by the Antarctic Treaty.

    The House of Commons’ Environmental Audit Committee (EAC) held a special session on Russian oil exploration in the polar region, following on claims that the Rosgeo oil exploration company had reported that its research vessel Alexander Karpinsky has completed a comprehensive subsurface geological survey, mapping very promising oil and gas prospects on the Antarctic oil shelves.

  • Thursday, May 2nd 2024 - 10:04 UTC

    Petrobras hits new environmental achievement

    The latest environmental achievement was deemed an important element for Petrobras’ investors said Director Maurício Tolmasquim

    Brazil's state-run Petrobras oil company announced this week a 41% reduction in carbon dioxide (CO2) emissions between 2015 and 2023, Agencia Brasil reported. The result was “exceptional,” said Petrobras' Energy Transition and Sustainability Director Maurício Tolmasquim.

  • Thursday, April 25th 2024 - 13:31 UTC

    Bolivia: Former YLB executive found dead left letter denying allegations

    “I am innocent,” wrote the former lithium executive who pointed fingers at the current administration for its underachievements in the area

    Former Yacimientos de Litio Bolivianos (YLB) Executive Manager Juan Carlos Montenegro Bravo was found dead Wednesday. He left a letter explaining that he would make a painful decision because he could not stand to be “humiliated by a rigged justice.”

  • Tuesday, April 23rd 2024 - 06:32 UTC

    Namibia en route to becoming another Guyana oil discovery success story

    The Mopane field in offshore Namibia could contain some 10 billion barrels of oil.

    Portugal's oil company Galp Energia shares skyrocketed on Monday after the company announced that the first phase of its exploration in the Mopane field in offshore Namibia could contain some 10 billion barrels of oil.