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MercoPress, en Español

Montevideo, September 21st 2024 - 09:01 UTC

Energy & Oil

  • Wednesday, August 21st 2024 - 06:59 UTC

    BAS publishes carbon emissions for 2023/24, striving to reach net zero

    Infographic explaining BAS Carbon Emissions

    For the first time, the British Antarctic Survey (BAS) are publishing their carbon footprint data on their website to increase transparency and help other organizations reduce their carbon emissions.

  • Friday, August 16th 2024 - 18:16 UTC

    Falklands oil development: update on the consultation on Sea Lion offshore field

    A total of 25 presentations on the revised EIS have been received by the Falklands government and shared with Navitas

    On Tuesday 2 July 2024 it was announced that Navitas Petroleum Development and Production Ltd (Navitas) issued a revised Environmental Impact Statement (EIS) concerning its proposals for the drilling of oil wells and offshore production from the Sea Lion Field Northern Development Area, Phase 1 and 2.

  • Wednesday, August 14th 2024 - 11:06 UTC

    Brent crude down amid weak demand

    Iran's threats to Israel could jeopardize supply, it was explained

    London's futures markets showed a 1.96% decline Tuesday for Brent crude oil to be delivered in October amid contracting demand, which drove it to US$ 80.69 as North Sea crude, the European benchmark, fell US$ 1.61 from the last Intercontinental Exchange (ICE) trading. Meanwhile, in New York, the price of West Texas Intermediate (WTI) for delivery in the same period fell 2.11% and closed at US$ 76.80.

  • Friday, August 9th 2024 - 21:06 UTC

    Power restored to customers in Santiago Metropolitan Region

    The electricity company Enel now faces other challenges, Pardow stressed

    The Chilean Government said Friday that the electricity company Enel had met Thursday's goal to restore supply to 20,000 households in the Santiago Metropolitan Region (MR) after an outage that lasted seven days.

  • Friday, August 9th 2024 - 10:55 UTC

    Milei tours Vaca Muerta and Chile with a focus on energy investments

    We have the second-largest shale oil reserves in the world and we can be an exporting power, Milei argued

    Argentine President Javier Milei resumed his mileage accruing habit Thursday with a trip to Vaca Muerta in the Patagonian province of Neuquén and later to Santiago, where he met with local businessmen but not with Gabriel Boric Font.

  • Thursday, August 8th 2024 - 20:36 UTC

    Santiago's electricity company given ultimatum

    In case of failure, the Government would move on to the adversarial phase, Pardow explained

    The Chilean Government of President Gabriel Boric Font Thursday gave the electricity company Enel until midnight local time to reconnect the service to some 20,000 households in the Santiago Metropolitan Region (MR) where the outage reached its seventh day in a row. Energy Minister Diego Pardow held a press conference to explain the impending steps to terminate Enel's concession should it fail to deliver.

  • Wednesday, August 7th 2024 - 22:09 UTC

    Boric angry as Santiago power cuts reach 6th day

    “We are talking about a regulated monopoly,” Boric stressed

    Chilean President Gabriel Boric Font Wednesday instructed the Energy Ministry to review the agreement whereby the company Enel has been awarded the right to provide the Santiago Metropolitan Region with electricity after the outage affecting some 60,000 households reached its sixth consecutive day.

  • Tuesday, August 6th 2024 - 10:39 UTC

    Petrobras finds gas in the Colombian Caribbean and sets eyes on Namibia's potential

    The consortium made up of Petrobras and Ecopetrol will continue operations to complete the project and carry out a formation test by the end of 2024.

    Brazil's oil giant has reported the discovery of a significant gas resource from a well drilled off shore Colombia in the Caribbean. The Uchuva 2 well is some 32 kilometers from the coast at a depth of 804 meters. This new drill is considered an extension of a natural gas field drilled at the Uchuva 1 well back in 2022, at a depth of 830 meters.

  • Thursday, August 1st 2024 - 23:00 UTC

    Petrobras increases yoy output in 2Q of 2024

    A milestone for Petrobras milestones in this quarter was the arrival of the Marechal Duque de Caxias FPSO vessel platform

    Brazil's State-run company Petrobras posted this week a 2.4% interannual increase in oil and natural gas output in the second quarter of 2024, with 2.7 million barrels of oil equivalent per day (boed) thanks to improving performances at five sea platforms and 12 wells, eight of them in the Campos Basin and four in the Santos one. However, compared to this year's first quarter of this year, average production fell 2.8% due to maintenance shutdowns and the natural decline of mature fields.

  • Wednesday, July 31st 2024 - 22:38 UTC

    YPF and Petronas announce joint LNG partnership in Argentine Patagonia

    The Rio Negro location offered numerous advantages over Bahía Blanca, it was explained

    Argentina's state-run oil company YPF and its Malaysian version Petronas will invest over US$ 30 billion to build a Liquefied Natural Gas (LNG) plant in the Patagonian province of Río Negro, it was announced, thus ending speculations according to which such a facility was to be or should have been settled in the Bahía Blanca area in the province of Buenos Aires.