May 10, 2024
Within Our Network
Congratulations to Sea Pioneer Shipping for doubling MR tanker newbuilding orders at K Shipbuilding!
LATAM Highlights
Brazil
Petrobras weighs options for importing gas from Argentina. (Valor International)
Colombia
Exclusive: Ecopetrol of Colombia explores involvement in offshore wind auction. (Reuters)
Argentina
Argentina's nuclear energy aspirations hindered by budget cuts, says atomic agency. (Reuters)
Peru
Production from Lot 131 adds 900 bopd to current oil output of 18,500 bopd.(America Economia)
Panama
Panama Canal traffic rebounds following El Niño-induced drought, study reveals. (FT)
Ecuador
Petroecuador signs deal with Ecopetrol for Colombian crude oil transportation.(America Economia)
Venezuela
Reliance renews efforts to obtain US license for Venezuelan oil imports, sources say. (Economic Times)
Paraguay
Exclusive: Paraguay presents competing bid for $1.5 billion Argentina-Brazil gas connector. (Reuters)
Notable Transactions
Brazilian sustainable OSV developer Compagnie Maritime Monegasque raised $94M in financing led by Summit Ridge.
ExxonMobil completed its $60B acquisition of Pioneer Natural Resources.
ADNOC will walk away from its $2.1B offer for a stake in troubled Brazilian petrochemicals company Braskem.
Oil and gas producers Santos and Repsol are exploring a minority stake sale of Alaskan oil fields they jointly operate in a deal potentially worth ~$1B.
Essential Read
E-fuels from the power-to-liquids process offer low-emission alternatives for shipping and aviation, with potential global capacity exceeding one billion gallons per year by 2030. Read Bloomberg NEF's article here.
Podcast Spotlight
Private equity's pivot to green investments: navigating the path to a sustainable future. Don't miss the full FT podcast episode for deeper insights.
Stat of the Week
Explore the crucial role of copper in clean energy and its investment potential. See the chart by Sprott based on BloombergNEF’s Transition Metals Outlook 2023.
Our LinkedIn Updates and Posts
China's nuclear power surge: Exploring the nation's remarkable growth in nuclear capacity. Read more here.
Panorama Capital Partners with Summit Ridge Capital Partners in US$94 Million Investment in Compagnie Maritime Monégasque (CMM) for Green Fleet Expansion in Brazil. Discover the details here.
Britain's groundbreaking nuclear initiative: Investing in Europe's first next-generation nuclear fuel facility. Learn more here.
Meme of the Week
