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MercoPress, en Español

Montevideo, May 19th 2024 - 20:47 UTC

Energy & Oil

  • Tuesday, August 8th 2023 - 10:36 UTC

    Argentina: mining and crude oil production grow in first semester of 2023

    Lithium carbonate and other lithium minerals showed an increase of 12.7% year-on-year

    According to a study by Argentina's National Institute of Statistics and Census (Indec) released Monday, the mining industrial production index (IPI minero) reported a 10.7% year-on-year increase from June 2022 while crude oil production rose 8.2% interannually. Overall, industrial production of hydrocarbons and mining had an 11% increase in the first semester of 2023.

  • Monday, August 7th 2023 - 10:33 UTC

    YPFB finds new gas reservoir

    “These results will allow us to classify it as the discoverer of a new hydrocarbon field with estimated resources of 0.7 trillion cubic feet of gas and 52 million barrels of liquids,” Arce said

    Bolivian authorities have reported that the state-run oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) had discovered a new gas field in the Okinawa area after recent studies in the Remanso-X1 (RMS-X1) well. The new reservoir will generate approximately US$ 5 billion in gas, it was explained. It will also contribute to savings in fuel purchases of US$1 billion, according to YPFB.

  • Friday, August 4th 2023 - 10:08 UTC

    Greenpeace “No New Oil” activists, take their protest to PM Sunak's country estate

    Four individuals scaled Sunak's large house in North Yorkshire and dropped long black sheets to cover the facade and holding up a banner that read “No New Oil.”

    Greenpeace activists carried out a protest on the roof of the country estate belonging to UK Prime Minister Rishi Sunak on Thursday. Sunak was not at home at the time as he is on holiday with his family in California.

  • Thursday, August 3rd 2023 - 07:05 UTC

    Petrobras processing more oil in domestic refineries, as export volumes drop 22%

    Petrobras exported, in the second quarter of this year, 411.000 bpd of oil, which represented a decrease of 22.6% in comparison with the same period last year.

    Brazil's giant oil and gas corporation Petrobras this week presented its second-quarter report, which showed a drop in oil exports in a scenario of increased processing at domestic refineries.

  • Tuesday, August 1st 2023 - 12:10 UTC

    UK launches ambitious North Sea oil and gas development licensing to ensure energy security

    “Now more than ever, it's vital that we bolster our energy security and capitalize on that independence to deliver more affordable, clean energy,” said PM Sunak

    The United Kingdom is to grant hundreds of new licenses to seek and drill for gas and oil in the North Sea as it tries to bolster its energy security, the government said on Monday.

  • Monday, July 31st 2023 - 02:55 UTC

    First shipment of “green lithium” (triple zero) from Brazil's Minas Gerais

    To celebrate this first shipment, an event was held at Vports, Porto de Vitória, which was attended by the vice president of the Republic Geraldo Alckmin

    This week Brazil shipped the world’s first green lithium, produced in the Jequitinhonha Valley, in Minas Gerais, from the Port of Vitória (Espirito Santo State). The production, by Sigma Lithium, is a pioneer for having raised the level of industrial sustainability by being triple zero (zero carbon, zero waste and zero harmful chemicals). Lithium is used in electric vehicle batteries.

  • Monday, July 31st 2023 - 02:45 UTC

    US emergency alert: Air conditioners to fight heat wave could cause power outages

    Nearly 200 million Americans are under “dangerously hot conditions” alerts with temperatures expected to soar past 100F (38C) in several major cities.

    Energy providers are warning United States clients to be frugal with air-conditioning this weekend, as intense heat and increased demand could lead to blackouts. Nearly 200 million Americans are under “dangerously hot conditions” alerts with temperatures expected to soar past 100F (38C) in several major cities.

  • Tuesday, July 25th 2023 - 11:32 UTC

    Latin-Americas' largest utilities company plans to invest US$ 17bn. in clean energy

    Brazil boasts 84% of its power generation coming from renewable sources, as the country is the second-largest hydropower producer after the United States

    Electrobras, Brazil's main electricity complex has plans to invest some US$ 17 billion in the next five years through mergers and acquisitions. The company said that investments in electricity generation would come in at around US$3.6 billion over the period as it moves to comply with its goal of a clean energy complex.

  • Friday, July 21st 2023 - 10:04 UTC

    Production of lithium batteries to start in September in Argentina

    The Y-TEC plant at the University of La Plata will generate cells for batteries for 2,000 homes to supply wind and solar energy to populations isolated from the grid, Salvarezza explained

    Argentina's first National Plant for the Technological Development of Lithium Cells and Batteries will start production in September on the premises of the National University of La Plata (UNLP), Y-TEC (a subsidiary of the state-owned oil company YPF) head Roberto Salvarezza announced Thursday.

  • Wednesday, July 19th 2023 - 10:33 UTC

    Uruguay signs green hydrogen deal with EU

    Lacalle stressed that he does not believe in “exacerbated protectionism”

    Uruguayan President Luis Lacalle Pou Tuesday signed a “Memorandum of Understanding on Cooperation in Renewable Energies, Energy Efficiency, and Green Hydrogen” with the European Union to achieve carbon neutrality by 2050 and held one-on-one meetings with French President Emmanuel Macron and Italy's Prime Minister Georgia Meloni on the closing day of the EU-Celac summit in Brussels.