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MercoPress, en Español

Montevideo, May 19th 2024 - 16:50 UTC

Energy & Oil

  • Wednesday, July 12th 2023 - 21:03 UTC

    Shell considers cutting oil and gas production “dangerous and irresponsible”

    Wael Sawan insisted that the world still “desperately needs oil and gas” as moves to renewable energy were not happening fast enough to replace it.

    Cutting oil and gas production would be “dangerous and irresponsible”, the boss of energy giant Shell has told the BBC. Wael Sawan insisted that the world still “desperately needs oil and gas” as moves to renewable energy were not happening fast enough to replace it.

  • Monday, July 10th 2023 - 10:42 UTC

    Argentina: First segment of President Néstor Kirchner gas pipeline inaugurated

    In her speech, VP CFK insisted Argentina cannot pay its foreign debt by exporting commodities

    In an event marking togetherness within the ruling Unión por la Patria front ahead of this year's presidential elections, the first segment of the President Néstor Kirchner gas pipeline was inaugurated Sunday in Salliqueló, in the province of Buenos Aires.

  • Friday, July 7th 2023 - 10:59 UTC

    ECLAC highlights the importance of a lithium agenda for Latin America

    Latin American countries extract lithium but other nations excel in the production stage, ECLAC warned

    The Economic Commission for Latin America and the Caribbean (ECLAC) Thursday published a report called “Extraction and industrialization of lithium. Opportunities and challenges for Latin America and the Caribbean,” recommending the region's countries devise a productive development agenda around lithium to promote its extraction for the benefit of economic activities directly and indirectly related to the mineral.

  • Thursday, July 6th 2023 - 10:23 UTC

    Argentina forecasted to stop buying Bolivian gas next year

    The President Néstor Kirchner gas pipeline with Vaca Muerta will be operational shortly, Basteiro explained

    Argentina's Ambassador to Bolivia Ariel Basteiro Wednesday said his country might stop buying gas from Bolivia's YPFB as of 2024 due to new pipelines from Vaca Muerta, it was reported.

  • Friday, June 30th 2023 - 10:32 UTC

    Bolivia signs lithium production deals with Russian, Chinese companies

    Arce also underlined that Bolivia continues to be the country with the largest certified lithium reserves on the planet

    Bolivia's state-owned company Yacimientos de Litio Bolivianos (YLB) Thursday signed two separate agreements whereby Chinese and Russian companies will invest over US$1.4 billion to build two industrial complexes for the production of lithium carbonate, it was reported in La Paz.

  • Thursday, June 29th 2023 - 15:45 UTC

    World Bank approves $150 million loan to boost green hydrogen investment in Chile

    This collaboration aims to expedite hydrogen deployment in emerging markets and developing countries

    In a significant move towards promoting sustainable energy solutions, the World Bank Board of Directors has approved a loan of $150 million to support green hydrogen projects in Chile. This loan marks the World Bank's first endeavor in promoting green hydrogen and aligns with Chile's commitment to achieving carbon neutrality by 2050. The investment aims to accelerate the country's green growth, energy transition, and foster a resilient and inclusive economic development.

  • Friday, June 23rd 2023 - 10:17 UTC

    Falklands implements changes to fuel and power allowances

    As announced in the Budget, the calculation for the Winter Fuel Allowance will be linked to the April price of Kerosene each year

    In October 2022 the Falkland Islands ExCo approved an amendment to the eligibility criteria for Winter Fuel Allowance. This means that from June 2023, people who are eligible for Income Support will now also be eligible for Winter Fuel Allowance.

  • Tuesday, June 20th 2023 - 10:28 UTC

    Bolivia pumping nearly half the gas it used to sell to Argentina

    YPFB President Armin Dorgathen admitted that the gas not used in the ammonia and urea plant will be exported to the Argentine market

    Bolivia pumped last month nearly half the gas it used to send to Argentina in May of 2022 due to output problems as demand increases due to cold weather, it was reported by El Deber citing data from the Departmental Center for Monitoring and Control of Hydrocarbons of the Santa Cruz Government and the Ministry of Hydrocarbons and Energy.

  • Tuesday, June 20th 2023 - 10:25 UTC

    Brazil: Electricity generation from sugarcane biomass on the rise

    Sugarcane biomass accounts for 72% of all installed bioelectricity capacity in Brazil

    According to a study by Brazil's Sugarcane and Bioenergy Industry Union (Unica) released Monday, electricity generation from sugarcane biomass grew 28.7% in the first four months of 2023, reaching 1,858,699 MWh, which is tantamount to 3% of all the energy in the South American country, Xinhua reported.

  • Friday, June 9th 2023 - 11:15 UTC

    US$ 4 bn investment on green hydrogen launched in Uruguay

    Uruguay is at the forefront of countries in this type of production, Stipanicic said

    Uruguayan President Luis Lacalle Pou Thursday announced that US$ 2 billion will be invested in the construction of a green hydrogen plant in Paysandú. The work to begin this year will employ between 1,500 and 3,200 jobs and the plant itself will offer some 300 permanent jobs. Another US$ 2 billion will be invested in renewable energy projects.