Issue 74 👉

March 21, 2025

LATAM Highlights

Brazil

TotalEnergies eyes Brazil’s green hydrogen for Europe (Bloomberg)

Colombia

Carlyle seeks buyers for Colombian oil producer (Reuters)

Argentina

Argentina’s Lower House approves Milei’s IMF decree (MercoPress)

Chile

Chile’s economy grew 2.6% in 2024 (América Economía)

Peru

Peru approves green hydrogen plant study (Reuters)

Panama

Panama's growth slows to 2.9% in 2024 after mine closure (Reuters)

Venezuela

Trump considers extending Chevron’s Venezuela license (Reuters)

Guyana

Guyana’s oil exports surge, fueling European demand (Oil Price)

Mexico

Mexico’s LNG ambitions face reality check (Oil Price)

Paraguay

Itaipu Dam covers 78% of Paraguay’s electricity (América Economía)

Bolivia

Bolivia’s oil supply worsens (MercoPress)

Global Energy Watch

Russia’s SWF eyes rare earth deals with US firms (Reuters)

Vitol buys Eni’s West Africa assets (Reuters)

Solar boom drives European power prices negative (Bloomberg)

Notable Transactions

Chevron strengthens its position with bold $2.3B investment in Hess

Malaysia's state-owned oil giant Petronas is considering selling its 50% stake in the La Amarga Chica shale oil asset JV in Argentina

Abu Dhabi's state-owned Adnoc is in talks to buy energy assets from SWF Mubadala for potentially ~$10B

Must Read

Oil Price highlights the crucial role of energy storage in the clean energy transition. While lithium-ion batteries dominate, alternatives like gravity storage are emerging to improve grid stability. With a growing market, this reading is essential to understand its future.

Featured Podcast

In this Oil Markets podcast , the 2025 CERAWeek conference is recapped, focusing on AI’s role in boosting the energy industry, with key topics including the Trump administration’s energy strategies, investment outlook, and decarbonization efforts.

Data Insight

The Visual Capitalist graphic breaks down the 2025 global stock market by sector, highlighting information technology as the largest and real estate as the smallest, with IT, financials, and industrials making up 50% of the market.

LinkedIn Roundup

Peru will launch a sovereign bond ETF in the coming weeks. Read more.
Key Brazilian oil & gas hub allocates land for third green hydrogen-to-ammonia project. Learn more.