March 29, 2024
Within Our Network
Congratulations to Altamesa Energy Peru S.A.C. for becoming Petroperú’s strategic partner in the exploitation of Lote 192.
LATAM Highlights
Brazil
Brazil and France have launched a $1.1B program aimed at protecting the Amazon rainforest, as reported by Reuters.
Colombia
According to Reuters, Colombia's policy shifts are causing concern among investors and pose a risk to economic growth.
Argentina
Oil Price reports on the escalating tensions between Argentina and Venezuela following a diplomatic dispute.
Chile
Reuters reports that Chile has opened its lithium salt flats for investment, while reserving two for state control.
Peru
Peru plans to 'correct an error' that granted Cosco exclusivity in a megaport, according to Reuters.
Venezuela
The Financial Times reports that Nicolás Maduro of Venezuela has obstructed major opposition candidates ahead of the election.
Bolivia
Bolivia inaugurates its maiden biodiesel plant, aiming to diminish import reliance, as reported by Argus Media.
Notable Transactions in Our Space
Niagara Energy is launching a bid to buy up to the entirety of shares in Enel Generacion Peru, a South American subsidiary of Italian utility Enel; Enel earlier announced a deal to sell the unit for ~$1.4B.
US oil refiner Phillips 66 is exploring the sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth over $1B, including debt.
Oil-field-services company Schlumberger will pay ~$400M to acquire 80% of carbon-capture company Aker Carbon Capture.
Essential Read
Discover how the urgency of environmental concerns is shaping public opinion towards nuclear power in this article published by the Financial Times.
Podcast Spotlight
The CEO of Brookfield Renewable Partners, Connor Teskey, discusses their full commitment to renewables despite bottlenecks in this week's episode of Zero.
Stat of the Week
The top oil producers in 2023 at a glance with this graphic. Despite decarbonization efforts, oil remains a vital resource, sourced primarily from select countries.
Our LinkedIn Updates and Posts
- Pakistan is pushing for global energy security at the Nuclear Energy Summit. Read the here.
- Explore the challenges posed by tech giants' escalating energy demands on grid stability and the shift to cleaner energy sources. Read more here.
