Petrobras has entered the Brazilian solar energy sector by acquiring a 49.99% stake in the subsidiaries of Lightsource bp in Brazil, forming a joint venture aimed at expanding renewable onshore energy projects. This strategic partnership is aligned with Petrobras’ 2026–2030 business plan, signaling a clear shift toward portfolio diversification and a sustainable energy transition. Regulatory […]
Brazil will add 2.81 GW of centralized solar capacity in 2025, driven significantly by EDP’s 254 MW Novo Oriente Solar Complex in São Paulo. This project, alongside ongoing investments from EDP Renewables, underlines Brazil’s accelerating renewables deployment as it targets enhanced capacity and cleaner energy matrices. The commercial commissioning of EDP’s Novo Oriente Solar Complex
Oil prices started 2026 under pressure with declines on January 2 as investors evaluated the risk of a growing supply surplus ahead of the OPEC+ meeting scheduled for January 4. Market participants remain attentive to geopolitical developments, including Venezuela’s openness to talks with the U.S. on narcotics enforcement and ongoing hostilities in Eastern Europe and
Oil prices decline ahead of OPEC+ meeting amid supply concerns and geopolitical tensions Read Post »
Colombia initiated a nationwide adjustment to gasoline and diesel (ACPM) prices effective January 1, 2026, reflecting regulatory updates tied to production income, taxation, and transport expenses. Market watchers should monitor regional price disparities and the sustained fiscal strategy to reduce fuel subsidies in the upcoming quarters. From January 2026, the Comisión de Regulación de Energía
U.S. government intervention and military operations against the Maduro regime have intensified Washington’s focus on reclaiming Venezuela’s vast oil reserves for American energy firms. Despite crippling infrastructure and longstanding production decline, Venezuela’s potential remains significant if foreign investment and political stability are restored. Following U.S. military operations aimed at detaining Venezuelan President Nicolás Maduro and
The recent U.S. military operation resulted in the capture of Venezuelan President Nicolás Maduro and his wife, who were transported to New York to face narcotrafficking charges. The U.S. government announced it will govern Venezuela temporarily to oversee a secure and orderly political transition, with significant involvement from major American oil companies poised to invest
Genneia has advanced the commercial operation of 140 MW of its 180 MW San Rafael Solar Park in Mendoza, reinforcing the province’s strategic role in Argentina’s renewable energy sector. With ongoing investments exceeding $400 million in Mendoza and plans to increase solar capacity to nearly 800 MW by 2026, Genneia is poised to maintain leadership
The International Finance Corporation (IFC) has committed $300 million to Central Puerto, supporting Argentina’s energy sector reforms by acquiring a majority stake in the Piedra del Águila hydropower plant and deploying a 150 MW battery energy storage system (BESS). This financing marks the largest utility-scale energy storage project awarded in Argentina, signaling increased private sector
Petrobras has implemented a 9.4% reduction in the average sale price of aviation kerosene (QAV) to distributors starting January 1, 2026, continuing a downward pricing trend since late 2022. This move aligns with the weakening Brent crude oil prices and could ease operational costs for Brazil’s airline sector in 2026, influencing market competitiveness and cost
