Issue 67 💫

January 31, 2025

LATAM Highlights

Brazil

Brazil raises interest rates by 100 bps, signals another hike in March (Reuters)

Colombia

Colombia eases trade tensions with the U.S. as business and citizen groups urge diplomacy (Reuters)

Argentina

Argentina’s energy exports ease currency concerns (Bloomberg)

Chile

Chile holds rates at 5%, pausing easing cycle since July (Bloomberg)

Peru

Qatar, Saudi Arabia eye southern Peru's petrochemical sector (América Economía)

Panama

Panama president: Canal control not up for debate with Rubio (Reuters)

Ecuador

Lundin Gold explores new Ecuador deposit near Fruta del Norte (América Economía)

Venezuela

Explaining key tensions in the US-Venezuela relationship (Reuters)

Guyana

Hess exceeds profit expectations with higher output from US and Guyana (Reuters)

Mexico

Pemex falls 23% short of refining target in 2024 (América Economía)

Global Energy Watch

Middle East leads renewables growth outside China (FT)

China sets wind and solar record in 2024 (Illuminem) 

India seeks lithium, energy investments in Argentina (Reuters)

Notable Transactions

Alabama-based Diversified Energy Company agreed to acquire Texas-based energy producer Maverick Natural Resources from EIG Partners for $1.3B

Oilfield services firm Atlas Energy Solution will acquire Moser Energy Systems in a $220M cash-and-stock deal

Blackstone will acquire Potomac Energy Center in Virginia from Ares for $1B

Shell, Thebe near $1B South Africa oil-asset sales pact

Must Read

Oil Price highlights how DeepSeek AI's energy-efficient model is challenging Big Tech while addressing the growing energy demands of AI.

Featured Podcast

In this Zero podcast, COP30 President André Corrêa do Lago discusses Brazil's plans to supercharge climate action and tackle COP29's unfinished business, with a focus on the symbolic importance of Belem.

Data Insight

The Visual Capitalist chart shows expert predictions for 2025, providing a consensus on upcoming trends and key developments across sectors.

LinkedIn Roundup

• Brazilian government approves Gol-Azul merger to boost aviation sector. Read more here.
• Bolivia’s Lithium Aspirations Hit Economic and Environmental Hurdles. Find out more here.
  
  

Upcoming Events

Feb 6:             Green Energy and Environmental Technology. New York, USA

Feb 20-21:      Offshore Latin America Conference 2025. Buenos Aires, Argentina

March 9-13: Smart Grids & Green IT, Energy 2025. Lisbon, Portugal 

March 12:       Workshop PSR / CanalEnergia 2025. Rio de Janeiro, Brazil

March 13-14: Energy Evolution Conference 2025. Madrid, Spain

April 09-10: 8th Latin America Energy Summit. Santiago, Chile

Meme Corner