https://en.mercopress.com/ South Atlantic News Agency en Copyright 2026, MercoPress. https://en.mercopress.com/web/img/en/mercopress-logo.gif http://en.mercopress.com/ 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 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 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 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 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 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 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 Rockhopper Exploration (AIM:RKH), has highlighted progress at the Sea Lion oil development in the North Falkland Basin, operated by Navitas Petroleum. The first two phases will use the Aoka Mizu FPSO with capacity of 55,000 barrels per day, while a new memorandum of understanding for a second FPSO could lift total capacity by a further 125,000 barrels per day, significantly expanding the project’s production potential if implemented.

]]> Thu, 21 May 2026 06:59:00 GMT Brazil's Federal Public Prosecutor's Office on Wednesday recommended that the Brazilian Institute of Environment (Ibama) not renew the environmental license of the country's only uranium mine, in operation since 1999, until the responsible company duly consults the quilombola communities potentially affected by the activity. The recommendation does not amount to a definitive closure of operations, but it does entail a suspension conditional on compliance with the requirement of prior consultation of the populations affected by the project, in line with the national and international norms in force.

]]> Wed, 20 May 2026 23:49:00 GMT The London Stock Exchange closed on Monday with a gain of 1.26%, driven by the advance of oil and defense companies, in a session marked by the rise of crude oil amid the lack of progress in negotiations between the United States and Iran to end the war. The main index, the FTSE 100, added 128.38 points to close at 10,323.75, while the secondary FTSE 250 advanced 0.07% to 22,611.70 points.

]]> Mon, 18 May 2026 17:41:00 GMT