November 1, 2024
🚀Our newsletter has reached its one-year milestone! Thank you for fueling our journey together on a year of news on LATAM and energy.
Within Our Network
Congratulations to Ashmore on acquiring Ergon Peru S.A.C. and Tre Peru S.A.C.! A great step forward in providing cleaner energy to Peru’s underserved regions.
LATAM Highlights
Brazil
Petrobras targets $110B investment between 2025 and 2029 (Oil Price)
Colombia
Ecopetrol halts pipeline operations after oil spill from attack (Reuters)
Argentina
Exxon Mobil to divest Vaca Muerta assets in Argentina to Pluspetrol (Reuters)
Chile
Chile plans bond issuance to drive conservation efforts (Reuters)
Panama
Exclusive: Panama Canal eyes LNG traffic recovery after 65% decline (Reuters)
Ecuador
Ecuador's congress approves bill to attract private energy investments (Reuters)
Venezuela
Venezuela pulls envoy over Brazil’s ‘interventionist’ comments (Reuters)
Guayana
Hess exceeds profit expectations as Guyana oil production stays strong (Reuters)
Uruguay
Uruguay’s first hydrogen plant to see €38M investment (América Economía)
Notable Transactions
KKR will acquire a 25% stake in Italian oil major Eni's biofuel unit Enilive for $3.2B
Pacific Fusion, a nuclear fusion startup from Fremont, Calif., secures over $900M in Series A led by General Catalyst
Renewable energy firm NextEra Energy plans to sell $1.5B of equity units to fund new projects
KKR and Energy Capital Partners announce $50B partnership to invest in data centers and energy infrastructure for AI
Essential Read
The Carbon Credits article highlights the IAEA’s latest report urging a $125B annual increase in nuclear investment to reach net-zero by 2050, emphasizing nuclear power’s key role in global climate targets.
Podcast Spotlight
In this week's episode of Reuters Econ World, the discussion focuses on the development of carbon markets over the past two decades, exploring their mechanisms and implications for climate change.
Stat of the Week
The Energy Institute visualizes grid storage battery capacity by country in 2023, revealing the need for 1,300 GW of battery storage by 2030 to meet climate goals.
Our LinkedIn Updates and Posts
Explore insights on Latin America's potential to transition to a post-fossil fuel economy and decarbonization pathways from Dialogue Earth.
Learn about the investments needed for renewable energy growth in Latin America and strategies to overcome challenges, as discussed by Oil Price.
Meme of the Week
