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MercoPress, en Español

Montevideo, May 17th 2024 - 02:28 UTC

Energy & Oil

  • Wednesday, April 10th 2024 - 19:51 UTC

    Petrobras finds oil not far from Amazon River mouth

    Petrobras' deep sea explorations have drawn heavy criticism from environmentalist groups

    Brazil's state-owned oil company Petrobras said Wednesday it had discovered a new reservoir in the ultra-deep waters of the Potiguar Basin, in the Anhangá exploratory well, located between the states of Amapá and Rio Grande do Norte.

  • Tuesday, April 9th 2024 - 22:00 UTC

    Disgraced former Venezuelan Oil Minister placed under arrest

    El Aissami's career took off when he was mentored by former President Hugo Chávez's brother Adán

    Venezuelan authorities Tuesday arrested former Oil Minister Tareck El Aissami in a corruption probe after about one year at large following his resignation. When making the announcement, Attorney General Tarek William Saab said the former official intended to dent the country's economy.

  • Monday, April 1st 2024 - 18:44 UTC

    Google to lay submarine cable between Chile and Australia

    The Humboldt cable will join other infrastructure projects, Google Cloud's Quigley said

    Tech giants Google plan to link Chile with Australia and French Polynesia through the Humboldt cable, which would become first direct submarine link between South America and Oceania, thus expanding the digital infrastructure of the South Pacific.

  • Thursday, March 21st 2024 - 22:32 UTC

    Bolivia ready to launch biodiesel plant

    This plant will produce ecological diesel and will have established a certain mixture with fossil diesel for its commercialization,” said Arce

    Bolivian President Luis Arce Catacora announced that his country's first biodiesel production plant will start operating next week in Santa Cruz de la Sierra. Although some experts have doubted the project's worth, the Government said that the new undertaking would generate up to US$ 100 million in savings on fossil fuel imports. Supreme Decree 5135 authorizes the addition of up to 25% of vegetable components to conventional fuels.

  • Thursday, March 21st 2024 - 21:51 UTC

    Despite Gaza conflict, Israel among main natural gas exporters to Egypt

    “The expansion of the total export quota to Egypt was increased by 38.7 BCM over 11 years,” the Israeli Ministry of Energy’s announced

    Israel reported that natural gas exports from the Leviathan field to Egypt increased by 28% last year. Exports jumped from 4.9 billion cubic meters (BCM) in 2022 to 6.3 BCM in 2023. 

  • Wednesday, March 20th 2024 - 18:55 UTC

    French company to open world's first solar-powered air traffic control station in Chile

    “No one had ever made a radar 100% independent of the power grid,” Thales' Macaferri explained

    The French company Thales will be opening a 100% solar energy-powered air traffic control (ATC) station in Chile, it was announced in Santiago. The facility will be in the city of Calama in the Atacama Desert in the northern part of the country, it was also explained. The radars consume about one megawatt per hour.

  • Thursday, March 14th 2024 - 16:28 UTC

    Argentina: Catamarca court orders halt to lithium extraction following environmental complaint

    The resolution fully impacts on the economic interests of an extractive activity concentrated in a resource such as lithium.

    The Court of Justice in Catamarca (Northern Argentina) has issued a divided ruling ordering a suspension of mining activity in the Salar del Hombre Muerto, impacting lithium production projects. The decision stems from an environmental protection action filed by cacique Román Elías Guitian, urging a comprehensive environmental impact study before new permits are granted.

  • Wednesday, March 13th 2024 - 06:40 UTC

    US for the sixth year running has been the world's main crude oil producer

    In 2023, U.S., Saudi Arabia and Russia were responsible for 40% (32.8 million bpd) of the world’s crude oil output, followed by Canada, Iraq and China. 

    The United States in 2023, for the sixth year running has been the world's main crude oil producer produced more crude oil than any other country in 2023, with an average output of 12.9 million bpd, according to the Energy Information Administration (EIA). 

  • Saturday, March 2nd 2024 - 10:40 UTC

    Strengthening Celac key to avoid return to colonial order, Bolivian president says

    Arce also met with his Brazilian colleague Luiz Inácio Lula da Silva to discuss the expansion of trade and investment in infrastructure and natural gas exploration in Bolivian territory

    Bolivian President Luis Arce Catacora said Friday in Kingstown (St. Vincent and the Grenadines), said that strengthening the Community of Latin American and Caribbean States (Celac) and every regional integration space was the only alternative to war to fend off any foreign interference seeking the return to the “already outlawed” colonial order. He made those remarks during his speech at the 8th Celac Summit.

  • Thursday, February 29th 2024 - 11:31 UTC

    Uruguay signs MOU to produce green hydrogen locally

    In the long run, synthetic fuel could be used as a substitute for the fuel currently in use, Paganini explained

    The Government of Uruguay Wednesday signed a memorandum of understanding (MOU) with the company HIF for the building of a green hydrogen plant in the department (province) of Paysandú. The US$ 6 billion investment is expected to generate some 3,000 jobs.