June 28, 2024
LATAM Highlights
Brazil
Brazilian oil expansion poised to disrupt OPEC's strategy (Oil Price)
Colombia
LatAm fintechs experience fourfold growth in six years, expansion continues (Reuters)
Argentina
Milei's Argentina reform bill nears final congressional approval (Reuters)
Chile
Chile's drought-stricken lakes revived by recent downpours (Reuters)
Peru
Petroperú speeds up restructuring, delegates management, and relocates offices to Talara refinery (América Economía)
Panama
Panama Canal increases ship depth and Neopanamax lock crossings following rainfall (Reuters)
Ecuador
Ecuador begins trial for murder of presidential candidate Villavicencio (AP News)
Bolivia
Bolivia's coup attempt thwarted following military assault on presidential palace (Reuters)
Notable Transactions
Latam's biggest water utility Sabesp launched a $3B share sale as part of a privatization effort.
Australian uranium miner Paladin Energy agreed to buy Canada's Fission Uranium in an $833M all-stock deal.
Brookfield agreed to buy a ~53% stake in French renewables company Neoen at a $6.5B valuation.
Quantum Capital Group agreed to buy Caerus Oil and Gas for $1.8B.
Essential Read
ExxonMobil, Hess, and Cnooc are developing one of Guyana's largest offshore oil fields in the Stabroek Block, with 11 billion barrels discovered. The Big Read by Financial Times reports $55B invested, potentially delivering $100B to Guyana. Critics fear it could lead to the 'resource curse'.
Podcast Spotlight
In this episode of Zero, we delve into Bill Gates' ambitious investments in nuclear power, including his groundbreaking sodium-cooled nuclear plant in Wyoming. Gates also discusses AI's environmental impact and its potential role in climate solutions.
Stat of the Week
Visual Capitalist's chart illustrates Saudi Aramco's unparalleled control over 259 billion barrels of oil and gas reserves, making it the global leader in reserves. This substantial asset base is a cornerstone of Saudi Aramco’s massive $1.8 trillion valuation.
Our LinkedIn Updates and Posts
- The U.S. Senate passed a bill to accelerate nuclear energy deployment, aiming to enhance permitting and incentivize advanced reactor technologies for decarbonization and energy reliability. Read more here.
- Big oil faces pressure to adjust green transition goals amid high demand for fossil fuels and investor scrutiny. Explore further here.
Meme of the Week
