Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, July 18th 2026 - 04:58 UTC

Tag: ANCAP

  • Thursday, July 9th 2026 - 16:52 UTC

    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.

    Add your comment!
  • Wednesday, April 8th 2026 - 21:11 UTC

    QatarEnergy and Chevron join Shell in Uruguay's offshore oil exploration

    Uruguay's offshore area encompasses more than 25,000 square kilometers of mapped territory, divided into seven blocks designated OFF-1 through OFF-7

    QatarEnergy and Chevron have formally entered as non-operating partners in offshore hydrocarbon exploration blocks off Uruguay's coast, in areas operated by Shell, state energy company Ancap announced. The incorporation of two of the world's largest energy companies reinforces international interest in Uruguay's offshore petroleum potential, a frontier exploration area that has gained prominence over the past two years.

  • Saturday, April 26th 2025 - 10:49 UTC

    Ancap back in the red after 5 years of Multicolor rule, Orsi says

    Orsi announced a management overhaul that would not impact Uruguayan consumers

    Uruguayan President Yamandú Orsi announced Friday that the state-owned fuel company Ancap recorded a loss of US$ 118 million last year under the opposition government of Luis Lacalle Pou, contrasting with a US$ 41 million profit in 2019 when the country was headed by the late Tabaré Vázquez of the currently ruling Broad Front (Frente Amplio - FA).

  • Thursday, February 13th 2025 - 01:18 UTC

    Uruguay's Green Energy Success Story Takes an Unexpected Turn

    Last year Uruguay generated 98% of its energy from renewable resources and proudly paved the way for a new form of energy sovereignty in a changing climate

    Uruguay has been considered a leading country in renewable energy, with 98% of its energy eolic, but now has surprisingly has invited foreign companies to explore for offshore oil and gas reserves, attracting some of the heavy weights of he industry, which has generated certain controversy in the country regarding concerns about the impact on marine life and the potential damage to Uruguay’s current global standing. OilPrice, which specializes in the oil and gas industry information comments on the decision.

  • Saturday, December 28th 2024 - 10:41 UTC

    Ancap and HIF Global sign agreement for green hydrogen plant in Uruguay

    Ancap's interim president, Diego Durand, described the day as “historic”.

    Uruguayan state-owned oil company Ancap, through Alcoholes del Uruguay (ALUR), signed an agreement with HIF Global to implement an ambitious green hydrogen and synthetic fuels project in Paysandú. The investment, estimated at US$6 billion, aims at producing 700,000 tons per year of renewable fuels, with a significant impact on the local and regional economy.

  • Friday, December 20th 2024 - 09:32 UTC

    Stipanicic resigns as president of Uruguay's Ancap

    “It is healthy to be able to close cycles when they come to an end,” Stipanicic said

    Alejandro Stipanicic's resignation Thursday as president of Uruguay's State-run oil company Ancap stirred up the political arena in Montevideo leading up to the transition towards the new government of President-elect Yamandú Orsi.

  • Wednesday, December 18th 2024 - 09:37 UTC

    Uruguay: Ancap oil pipeline leak hits key road

    The pipeline between Punta del Este and Ancap's refinery was not pumping oil at the time of the incident

    Uruguay's State-run oil company Ancap reported Tuesday a leak in an oil pipeline around the Biarritz (kilometer 71) on Costa de Oro in the department (province) of Canelones. The spill reached the highway causing delays in vehicle circulation for a while as stains of oil and sand were removed.

  • Tuesday, December 3rd 2024 - 08:53 UTC

    Uruguayan oil company Ancap in the red

    Ancap invested US$ 67 million in renewing the La Teja refinery, which accounted for part of the setback

    Uruguay's State-owned oil company Ancap posted losses above US$ 130 million that grew throughout 2024 resulting in a five-year deficit for which its board of directors hold unionists responsible, in addition to a technical stoppage at the La Teja refinery that lasted longer than expected.

  • Friday, June 7th 2024 - 09:47 UTC

    Uruguay's Ancap posts US$ 48 million losses in three months

    Foto: Mauricio Zina / adhocFOTOS

    Uruguay's state-owned oil company Ancap reported this week losses worth US$ 48 million in the last three months after needing to import fuel to meet local demand following the shutdown of the La Teja refinery for maintenance work starting Sept. 4, 2023.

  • Monday, November 13th 2023 - 09:44 UTC

    Fuel shortages expected in Uruguay amid distribution conflict

    Ancap's Stipanicic insisted his company was not to blame

    The guild grouping Uruguay's fuel distributors announced a 72-hour strike starting Monday which could lead to shortages in the South American country, it was reported in Montevideo. The measure was adopted after changes in the Law of Urgent Consideration (LUC) regarding fuel distribution regulation costs affected the activity, it was explained.

Previous