Guyana is progressing with a second gas pipeline project aimed at transporting natural gas from offshore deepwater petroleum fields to the eastern coastal region of Berbice. The initiative, expected to be completed shortly, signals the country’s strategic move to diversify its economy beyond oil revenues by leveraging domestic gas resources for power generation and industrial […]
Petróleos de Venezuela (PDVSA) initiated a pilot program to sell 97-octane Super Premium gasoline in select Caracas service stations, priced at $1 per liter, double the cost of regular gasoline. The pilot’s results will inform a potential nationwide rollout, marking a strategic move toward diversifying fuel offerings and catering to modern vehicle requirements. PDVSA has
PDVSA Launches Pilot Sale of 97-Octane Super Premium Gasoline in Caracas at $1 Per Liter Read Post »
Colombia intensifies efforts to expand clean energy access for vulnerable urban communities and expand renewable infrastructure nationally. The government’s Colombia Solar program is transforming traditional subsidies into autogeneration, while large photovoltaic parks solidify the country’s role in regional solar growth. The Colombian government delivered two community solar courts in Barranquilla’s Adelita de Char and Las
Chile is rapidly expanding its battery energy storage system (BESS) portfolio with several high-capacity projects entering environmental evaluation and receiving authorizations. These initiatives, concentrated in key regions such as Atacama, Coquimbo, Tarapacá, and Metropolitana, signal a strong commitment to enhancing grid stability alongside growing renewable capacity. The Delva Substation project in Atacama stands out with
Lundin Mining, in partnership with BHP through Vicuña Corp., has formalized an $18 billion investment over nine years for the Josemaría and Filo del Sol mining projects in San Juan province. The initiative, supported by Argentina’s RIGI incentives, is set to establish one of the world’s largest copper, gold, and silver deposits with production anticipated
The Argentina LNG project led by YPF, in partnership with Italy’s Eni and ADNOC’s investment arm XRG, is progressing toward a Final Investment Decision (FID) in the second half of 2026. With an initial liquefaction capacity of 12 million tons per annum (mtpa) via floating LNG units, plans to expand to 18 mtpa by 2030
President Luiz Inácio Lula da Silva plans to request U.S. approval for Petrobras to resume oil exploration and production operations in Venezuela during a bilateral meeting with President Donald Trump scheduled for late March in Washington, D.C. Discussions include a potential debt-to-equity swap involving Venezuela’s unpaid $1.8 billion debt to Brazil and addressing U.S. sanctions
Engie Chile has completed the energization of Parque Eólico Kallpa (formerly Lomas de Taltal), a landmark wind energy project with 342 MW capacity, solidifying its leadership in the Chilean renewable energy sector. The project is central to Engie’s strategy to triple its clean energy share by 2026, reduce CO2 emissions by 80%, and phase out
Raízen reported a net loss of R$15.6 billion in Q3 2025/26, a sharp increase from the prior year, amid rising debt and operational challenges. Its controlling shareholders, Shell and Cosan, have committed to injecting capital to stabilize the company, alongside ongoing divestments and portfolio simplification initiatives. The market remains watchful of forthcoming restructuring efforts and
Raízen plans capital injection and asset sales to address steep losses and high leverage Read Post »
