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March 5 (Reuters) - China on Thursday released a new economic decarbonisation plan that seeks to put its carbon intensity reduction programme back on track, mainly by relying on its booming renewable sector to limit coal consumption and rein in emissions. China's new five-year plan, released on Thursday, called for it to reduce its carbon... Continue Reading →
March 3 (oilprice.com) South America’s largest economy, Brazil, is on track to be a top 5 global oil producer. During 2023, Brazil received an offer to join the OPEC+ price cartel, but it took until early 2025 for the government in the capital Brasilia to accept membership. This signaled a significant change in government strategy, with... Continue Reading →
Feb. 28 (oilprice.com) Once one of South America’s poorest countries, Guyana is now ranked among the world’s richest because of the vast petroleum wealth contained in its territorial waters. A swath of major oil discoveries in the offshore Stabroek Block by operator ExxonMobil, with partners Chevron and CNOOC, saw Guyana emerge as a major oil producer and... Continue Reading →
Feb. 20 (Reuters) The U.S. Supreme Court has struck down sweeping tariffs that Trump pursued under a law meant for use in national emergencies. It hands a stinging defeat to the Republican president in a landmark opinion with major implications for the global economy. In a 6-3 ruling authored by conservative Chief Justice John Roberts, the justices upheld a lower court's... Continue Reading →
Feb 19 (Reuters) - The scrapping of the foundation for U.S. federal climate regulations has upended energy investor narratives that have prevailed so far this decade, and is sparking a re-think on which sectors might now win and lose in the U.S. energy space. The repeal of the so-called Endangerment Finding removes the legal basis for federal... Continue Reading →
Feb. 18 (oilprice.com) A slew of high-quality oil discoveries in offshore Block 58 by TotalEnergies and its 50% partner, APA Corporation, has seen the tiny South American country of Suriname touted as the next Guyana. While Suriname’s offshore waters hold considerable petroleum potential, the country’s oil boom has been fraught with delays. Conflicting geological data, high gas-to-oil ratios,... Continue Reading →
Feb. 12 (TN) The Brazilian government has made decisive progress in national energy policy by authorizing the expansion of areas for oil and gas exploration in deep and ultra-deep waters in the Campos, Santos, and Espírito Santo basins. This historic decision, built in an integrated manner between the Ministry of Mines and Energy (MME) and... Continue Reading →
Feb 5 (Reuters) - Argentina could surpass last year's record energy trade surplus in 2026, supported by infrastructure that has improved the country's capacity to ship oil and gas from the Vaca Muerta shale formation, analysts said. The 2026 energy trade surplus could range from $8.5 billion to $10 billion, and would depend mainly on... Continue Reading →
Jan 12 - Rio de Janeiro has taken a decisive step towards energy transition by approving a public policy specifically aimed at developing offshore wind energy. The new legislation establishes guidelines for the orderly use of maritime space and creates a favorable environment for attracting investments, generating skilled jobs, and strengthening the maritime economy. Regulatory... Continue Reading →
Nov. 6 (offshoreWIND.biz) The 3.6 GW Dogger Bank Wind Farm, which will become the world’s largest offshore wind farm once fully operational, will boost the UK economy by GBP 6.1 billion (approximately EUR 6.9 billion) during its lifetime and support thousands of UK jobs over the next decade, according to a report written by BVG... Continue Reading →
Brazil Energy Insight 