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MercoPress, en Español

Montevideo, May 17th 2024 - 04:04 UTC

Energy & Oil

  • Wednesday, February 28th 2024 - 17:55 UTC

    Uruguay first two months 2024 with 100% renewable energy generation and surplus to export

    Eolic energy (wind) was responsible for 50,8% of electricity generation, hydraulic energy 30,9%, biomass, 15,7%, 2,7% solar and thermal backup limited to 0,3%.

    Uruguay managed during the first two months of this year 100% renewable energy generation and had sufficient surplus to supply neighbors Argentina and Brazil, making the local government-owned power company, UTE, the major single exporting company. The information was supplied by the Electric Market Administrators, ADME, which confirmed that 100% of electricity generation is from renewable sources.

  • Wednesday, February 28th 2024 - 10:59 UTC

    Argentina: Feud with Patagonian provinces not settled despite judiciary ruling

    “The issue led to a false rift between the national State and the provincial States,” Governor Torres explained

    A Federal Judge in Rawson ruled Tuesday that the national government of Argentine President Javier Milei should have not withheld the so-called co-participation funds owed to the province of Chubut. Nevertheless, Buenos Aires will reportedly take the case to the federal Supreme Court. Hence, the matter is far from settled.

  • Monday, February 26th 2024 - 11:44 UTC

    Patagonian governors threaten to cut oil and gas output

    Governors Torres (Chubut), Melella (Tierra del Fuego), Ziliotto (La Pampa), Vidal (Santa Cruz), Figueroa (Neuquén), and Weretilneck (Río Negro) convened to join forces against Buenos Aires

    The Governors of Argentina's Patagonian provinces said Sunday that they would cut oil and gas output starting Wednesday if Chubut's funds are not wired by then from the federal administration of President Javier Milei. The announcement was made after Governors Ignacio Torres (Chubut), Gustavo Melella (Tierra del Fuego), Sergio Ziliotto (La Pampa), Claudio Vidal (Santa Cruz), Rolando Figueroa (Neuquén), and Alberto Weretilneck (Río Negro) convened to join forces.

  • Monday, February 26th 2024 - 04:18 UTC

    UK goes full Net Zero: quits treaty allowing companies to sue green economy policies

    The Energy Charter Treaty (ECT) was meant to make it easier and cheaper to trade energy between countries. But signatories have struggled to reform it

    Calling it “outdated” the United Kingdom has withdrawn from an international treaty that lets fossil-fuel companies sue governments pursuing climate policies for billions in compensation for lost profits.

  • Saturday, February 24th 2024 - 10:24 UTC

    Argentina: Chubut Governor threatens to cut oil supply if federal funds are withheld

    “We will use all the tools we have to defend ourselves,” Torres warned

    Chubut Governor Ignacio Torres Friday warned Argentine President Javier Milei that his province would stop exporting oil if the federal administration insisted on “improperly withholding half of the [so-called] co-participation” funding. “If on Tuesday there is no resolution from the courts, we will not export even one more barrel of oil,” threatened Torres, whose stance was endorsed by several fellow governors and also by Buenos Aires Mayor Jorge Macri.

  • Thursday, February 15th 2024 - 11:00 UTC

    Falklands' Borders & Southern Petroleum with new CEO at end of the month

    ”As one of the co-founders, (Howard Obee) has led B&S for nearly 20 years, delivering exploration success, including the company's Darwin gas condensate discovery”

    Falkland Islands oil exploring company, Borders & Southern Petroleum plc announced that Howard Obee has informed the Board that he intends to stand down as Chief Executive Officer.

  • Tuesday, February 13th 2024 - 11:42 UTC

    Surplus from electricity exports benefits Brazilian customers

    Most electricity exports were to Argentina and the rest to Uruguay

    Brazil totaled a surplus of R$ 888 million (US$ 179.26 million) from electricity sales to neighboring countries, which helped President Luiz Inácio Lula da Silva's administration ease the burden on Brazilian consumers, Agencia Brasil reported.

  • Tuesday, February 13th 2024 - 10:55 UTC

    Trinidad and Tobago does not rule out foreign help to deal with oil spill

    “We will have to move relatively quickly to determine what we are going to do next,” Rowley said

    Authorities in Trinidad and Tobago are not ruling out seeking international help to clean up the oil stain from a mysterious capsizing ship that is heavily affecting tourism and the environment along 15 kilometers of beaches there, Agencia Brasil reported.

  • Monday, February 12th 2024 - 10:32 UTC

    Explosion leaves key Buenos Aires neighborhoods powerless for hours

    Edesur said service was restored to 80% of the affected users

    Some 30,406 households were still without electricity in the Autonomous City of Buenos Aires (CABA) after an explosion Saturday of a generating substation of the Edesur company in the strategic Caballito neighborhood in the Argentine capital left some 60,000 users powerless for hours, after which service was gradually restored, the (National Entity Regulating Electricity (Ente Nacional Regulador de la Electricidad - ENRE) reported Sunday.

  • Monday, February 12th 2024 - 09:57 UTC

    Oil leak off Trinidad and Tobago causes national environmental emergency

    The ship's crew did not send any distress calls and remains unaccounted for. An illicit operation is not to be ruled out

    An oil leak from an unflagged overturned ship named Gulfstream off the coast of Trinidad and Tobago has led Prime Minister Keith Rowley to declare Sunday a national emergency because the situation along some 15 km of coastline in Tobago is “not under control.” The mystery vessel capsized Wednesday off the coast of the Cove Eco-Industrial Park in southern Tobago, and currents have dragged the boat shoreward.