Tag: ANCAP

Saturday, October 21st 2017 - 07:30 UTC
Uruguay government announces presence of hydrocarbons in an exploratory well

The Uruguayan government announced on Friday the presence of hydrocarbons in the north west of the country, in the framework of exploratory drilling by US based Schuepbach Energy. The discovery took place in the county of Paysandu, some 400kms north of the capital Montevideo.
Saturday, November 19th 2016 - 08:52 UTC
Fuel shortages feared in Uruguay due to lorry drivers' strike

The lorry drivers' strike already under way in Uruguay, which broke up as a conflict between freight carriers and the agriculture sectors, may have its impact on the distribution of car petrol, warns Mauro Borzzaconi of the trucking association.
Tuesday, November 15th 2016 - 09:40 UTC
ANCAP's Carboclor sinks deeper, goes after sale or merger

Losses increase from US $ 9 million by mid year to US $ 14 million in September due to contraction of domestic demand, the fall in international prices and the percentage of ethanol cut in gasolines.Carboclor, ANCAP's subsidiary in Argentina, shows no sign of recovery in its most recent balancesheet as production fell below “normal levels” caused by financial shortcomings which in turn led to a decrease in the inflow of raw materials to the refinery in Campana in the province of Buenos Aires. Shutting down the plant for 25 days is being considered as a partial solution.
Friday, April 1st 2016 - 06:07 UTC
Total/Exxon/Mobil drilling offshore Uruguay a record-deep well; first since 1976

A consortium led by France's Total and U.S.-based super major ExxonMobil Corp started this week drilling for oil off Uruguay, Industry, Energy and Mining Minister Carolina Cosse announced. Uruguay is totally reliant on imports for its oil and has for decades tried to discover possible hydrocarbons resources both in the continent and offshore.
Thursday, December 3rd 2015 - 07:55 UTC
Total contracts Maersk drillship to spud well offshore Uruguay next March

Maersk Drilling has been awarded a contract for the drillship Maersk Venturer with oil major France's Total. The contract covers one exploration well (estimated duration 120 days) in block 14 offshore Uruguay.
Wednesday, October 7th 2015 - 02:11 UTC
Japan's Mitsui Lines takes charge of re-gasifying unit project in Uruguay

Japan's Mitsui O.S.K. Lines, Ltd. announced on Wednesday that the company has reached a basic agreement with Gas Sayago, a joint venture between Uruguay’s state oil company ANCAP and state power company UTE, to continue the floating storage and re-gasification unit (FSRU) project led by Gas Sayago and being built in Montevideo.
Tuesday, August 4th 2015 - 10:04 UTC
BP halts exploration activities off Uruguay and targets lower-risk projects

British oil major BP has halted its deepwater exploration activities off Uruguay as it prioritises lower-risk projects at a time of low international prices, an official at Uruguay's state-owned oil company Ancap said on Monday.
Wednesday, July 29th 2015 - 07:10 UTC
Uruguay announces controversial massive infrastructure investment program

Uruguayan President Tabare Vazquez announced on Monday a controversial plan for 12.37 billion in infrastructure investment over the next four years. Two-thirds of the investment will come from the government, Vazquez told a news conference. Where the other third was to come was not confirmed.
Friday, March 27th 2015 - 07:52 UTC
International summit on oil and gas potential in Uruguay next June

Uruguay's oil and gas Government owned company, ANCAP, will join senior level delegation from international oil and gas operators on 11-12 June 2015 in Montevideo to analyze the potential of a region that has experienced significant advances since 2009.
Friday, December 26th 2014 - 00:59 UTC
Uruguay's Economy Minister skeptical on ARU study

Consumers could have saved as much as US$ 167 million had fuel been imported directly instead of oil being refined by ANCAP. Mario Bergara deems it to be “overblown”