May 17, 2024
LATAM Highlights
Brazil
Eletrobras joins forces with GEP for sustainable hydrogen initiative in Brazil.(Reuters)
Colombia
Canacol Energy denies talks with Ecopetrol on gas assets, CEO affirms.(Reuters)
Argentina
Argentina slashes rates again as inflation peaks near 300%.(Reuters)
Peru
Petroperu to remain state-owned, confirms President Boluarte's spokesman.(Reuters)
Panama
The vital role of the Panama Canal in American LNG trade.(Oil Price)
Venezuela
US extends permission for oil service firms to maintain assets in Venezuela until mid-November.(Reuters)
Mexico
Claudia Sheinbaum holds commanding lead in latest poll ahead of Mexico's 2024 election. (Reuters)
Notable Transactions
Spanish oil company Repsol is in talks to sell a stake in its renewables unit, which has an estimated $6.4B value, including debt.
Torus, a US-based global energy solutions company, achieves $67M in funding for renewable energy solutions.
UK oilfield services and engineering firm John Wood Group rejected an improved $1.9B takeover offer from Dubai-based company Sidara.
Essential Read
The aviation sector seeks greener fuel for net-zero goals, but funding production remains a hurdle. Read about the quest for sustainable aviation fuel (SAF) in the FT article.
Podcast Spotlight
Brazil drives the clean energy shift. Explore green hydrogen, EV adoption, and the Amazon's carbon market impact in this Switched ON Podcast episode.
Stat of the Week
Visualizing Global Salt Production: See the breakdown of 274 million tonnes of salt production in 2023 in the following graph from Visual Capitalist.
Our LinkedIn Updates and Posts
Did you know Paraguay leads the top 5 list of countries with the cleanest energy grid? Learn more about it here.
Microsoft combats rising emissions and addresses environmental challenges through new energy requirements for suppliers here.
