MercoPress https://en.mercopress.com/ South Atlantic News Agency en Copyright 2026, MercoPress. https://en.mercopress.com/web/img/en/mercopress-logo.gif MercoPress http://en.mercopress.com/ <![CDATA[Argentina's YPF Luz seeks dual listing in New York and Buenos Aires]]> YPF Luz, which has operated since 2013, presents itself as Argentina's largest independent power generator by installed capacity Argentine power generator YPF Luz has filed a preliminary prospectus with the US Securities and Exchange Commission (SEC) for a potential initial public offering of shares, which would list simultaneously on the New York Stock Exchange and on Bolsas y Mercados Argentinos (BYMA) in Buenos Aires.

]]> Tue, 14 Jul 2026 22:31:00 GMT <![CDATA[YPF plans to drill off Uruguay in 2027, says potential could top Vaca Muerta]]> “This could be much bigger than Vaca Muerta, it could yield millions and millions of barrels of production,” the executive projected Argentina's state oil company YPF plans to begin exploratory drilling of an offshore block off the coast of Uruguay between late 2027 and early 2028, its chairman and chief executive, Horacio Marín, confirmed, saying the area holds potential that, if confirmed, could surpass the Vaca Muerta unconventional field.

]]> Thu, 09 Jul 2026 16:52:00 GMT <![CDATA[Repsol, Ecopetrol and 17 other oil firms cleared for Brazil's next pre-salt auction]]> The ANP clarified that inclusion on the list does not mean the companies will submit bids Nineteen oil companies, among them Spain's Repsol and Colombia's Ecopetrol, have been cleared to bid in the upcoming auction of licenses to partner with the Brazilian State in the exploitation of hydrocarbons in the pre-salt, the country's main crude reserve. The list was released on Friday by the National Agency for Petroleum, Natural Gas and Biofuels (ANP), following its publication in the Official Gazette.

]]> Sat, 27 Jun 2026 09:43:00 GMT <![CDATA[Brazilian stocks slip as the US-Iran deal sinks oil prices and hits Petrobras]]> The shares that lost the most value were those of the private oil firms Prio (-6.9%) and Petroreconcavo (-6.5%), also affected by the fall in crude São Paulo's stock exchange closed on Monday down 0.42%, dragged by the plunge of the state oil company Petrobras after the international crude price fell, linked to the preliminary agreement between the United States and Iran. The Ibovespa, the benchmark index of Latin America's main exchange, ended the session at 170,415 points.

]]> Mon, 15 Jun 2026 21:50:00 GMT <![CDATA[Venezuela hands Shell a license for the cross-border Loran gas field shared with Trinidad]]> Rodríguez described the award as a “historic step,” recalling that the field had remained “without development” for 23 years Venezuela on Thursday granted the British company Shell a license for a first phase of exploration and exploitation of the Loran gas field, which has seven reservoirs, six of them transboundary with Trinidad and Tobago. The signing was led by acting President Delcy Rodríguez at Miraflores Palace, the seat of the Venezuelan government.

]]> Thu, 11 Jun 2026 23:12:00 GMT <![CDATA[Colombia's government confirms El Niño will be among the most intense since 1950]]> In Colombia, El Niño tends to be associated with a decline in rainfall, which raises the risk of drought and energy rationing in a country that relies heavily on hydroelectric generation Colombia's Environment Ministry confirmed on Thursday that the El Niño phenomenon arrived about three months earlier than expected and that, if projections hold, it will be one of the "most intense recorded since 1950," according to data from the Institute of Hydrology, Meteorology and Environmental Studies (Ideam). The agency said the conditions associated with the phenomenon —which warms ocean waters above normal— are already present in the equatorial Pacific.

]]> Thu, 11 Jun 2026 22:34:00 GMT <![CDATA[Argentina warns it could 'fully exercise all actions' over Falklands oil drilling plans]]> The Sea Lion field, north of the archipelago, is operated by Navitas, which holds 65% of the project, while Rockhopper, which discovered it, retains 35% Argentina's government warned that it could "fully exercise all" available actions over plans to develop an oil field near the Falkland Islands, in a fresh escalation of the sovereignty dispute. The Foreign Ministry declared the plans of Britain's Rockhopper Exploration "unlawful" and described that company and its Israeli partner, Navitas Petroleum, as "clandestine," after the Sea Lion project moved from exploration into development.

]]> Fri, 05 Jun 2026 07:08:00 GMT <![CDATA[Venezuela moves to open its power sector to private investment after years of blackouts]]> The system, which prior to 2007 operated under a mixed and regionalized model, began to deteriorate due to a lack of maintenance and new investment Venezuela's National Assembly gave initial approval to a reform of the electricity law that opens the sector to private investment through long-term concessions, in an effort to reverse the collapse of a service battered by blackouts for two decades. The measure ends the monopoly held for more than 15 years by the state-owned National Electric Corporation (Corpoelec), though it still requires a second debate and final ratification in the coming days.

]]> Thu, 04 Jun 2026 15:28:00 GMT <![CDATA[La Paz endures a month of blockades as food and fuel shortages deepen]]> Drivers continue to line up for fuel. Photo: Francisco RIVEROS / @APGNoticiasBo La Paz has spent a month under blockade. The main roads into Bolivia's administrative capital have been cut for four weeks, and shortages of food and fuel worsen by the day. Frustration is mounting among residents: some demand the resignation of President Rodrigo Paz for failing to keep his campaign promises, while others call for a firm hand and the deployment of the army to lift the siege. Most agree that the president, who took office less than seven months ago, should have acted sooner, when the protests began.

]]> Tue, 02 Jun 2026 10:50:00 GMT <![CDATA[BP sacks its Chair over governance standards and conduct issues]]> BP said the board unanimously decided that Manifold should no longer serve as chair or director regarding governance oversight that directors deemed unacceptable. Oil and gas media is reporting that oil giant BP has removed Chair Albert Manifold with immediate effect after the board cited serious concerns over governance standards, oversight, and conduct, appointing Ian Tyler as interim chair while it begins a search for a permanent replacement.

]]> Wed, 27 May 2026 02:00:00 GMT