February 21, 2025
Network Insights
Congratulations to CMM Offshore for ranking 1st in Petrobras' 2024 PEOTRAM audit!✨
Your commitment to quality, safety, and excellence continues to set new industry standards! 🎈👏
LATAM Highlights
Brazil
Brazil’s economy grew 3.8% in 2024 (América Economía)
Colombia
Colombia’s leftist government faces turmoil ahead of elections (Financial Times)
Argentina
Argentina’s inflation drops to 2.2% in January, a four-year low (América Economía)
Chile
Exxon, SLB explore lithium projects in Chile (Reuters)
Peru
Peru forecasts stronger-than-expected economic growth for 2025 (América Economía)
Ecuador
Ecuador posts $6.7B trade surplus in 2024, highest since dollarization (América Economía)
Venezuela
Brazil resumes Venezuela energy imports after six-year pause (Reuters)
Guyana
Exxon, Guyana plan major gas project in oil-rich region (Reuters)
Mexico
Bank of Mexico sees recession risk, cuts 2025 growth outlook (Reuters)
Uruguay
Uruguay bets on offshore drilling for potential oil boom (Oil Price)
Global Energy Watch
U.S. and European energy firms face uranium supply crunch (Financial Times)
India’s NTPC plans $62B investment in 30 GW of nuclear power (Reuters)
Chinese refiners boost Brazilian and West African crude purchases amid sanctions and tariffs (Reuters)
Notable Transactions
Diamondback Energy to expand in Permian oilfield with $4.1B deal
BlackRock-owned GIP is seeking to sell its controlling stake in Singaporean renewable energy producer Vena Energy at a $10B valuation
Brazilian mining giant Vale in advanced talks to sell Brazil renewable assets to GIP, sources say
Must Read
IEA’s latest report highlights a near 4% annual rise in global electricity demand through 2027, driven by industrial growth and electrification. A must-read for understanding the future of energy systems and emerging challenges.
Featured Podcast
In this Bloomberg podcast, weather analysts discuss how shifting weather patterns, from wind droughts to heatwaves, are impacting everything from food to energy production and how enhanced weather modeling could help commodities traders predict economic shifts in 2025.
Data Insight
The Visual Capitalist chart ranks CO₂ emissions per person across 30 major economies, shedding light on the impact of carbon emissions on global trade and sustainability efforts, based on data from the 2024 Sustainable Trade Index.
LinkedIn Roundup
Brazil's government split over multi-billion dollar nuclear plant completion. Read more.
Colombia: GDP grew by 1.7% in 2024. Find out more here.
Brazil's Petrobras announces fresh oil discovery in Buzios field. Learn more.
Upcoming Events
Feb 25-26: International Energy Week. London, UK
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 9-10: 8th Latin America Energy Summit. Santiago, Chile
April 9-10: Industrial Decarbonisation Europe 2025. Amsterdam, Netherlands
Meme Corner
