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Calling it outdated the United Kingdom has withdrawn from an international treaty that lets fossil-fuel companies sue governments pursuing climate policies for billions in compensation for lost profits.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