Colombia seeks to join China-based development bank as Latin America drifts away from Washington

(AP) — Colombia's government has applied to join a China-based development bank, another sign of Latin America's drift away from the U.S. as the Trump administration's foreign aid cuts, trade barriers and crackdown on immigration spurs many leaders in the region to seek closer ties with Washington's geopolitical rival. Colombian President Gustavo Petro wrapped up a visit to China this... Continue Reading →

May 19, 2025 0

Brazil’s Renewable Energy Revolution

By Haley Zaremba for Oilprice.com Nearly 90% of Brazil's electricity comes from renewables, making it a prime location for energy-intensive AI infrastructure. Amazon, Microsoft, and other tech giants are investing billions in Brazilian data centers powered by clean energy. Brazil aims to prove that a renewable-focused energy grid can sustain large-scale AI growth, challenging the... Continue Reading →

May 12, 2025 0

US Could Miss Out on USD 75 Billion in Offshore Wind Investment – IntelStor Analysis

(offshoreWIND.biz) The current US administration’s aggression towards the offshore wind market could put at risk up to USD 75 billion in investment, according to an analysis by Houston-based IntelStor. Based on the analysis, the application of tariffs as well as the recent moves to halt or cancel offshore wind projects in the US have jeopardised... Continue Reading →

May 1, 2025 0

Italy’s Eni signs MoU with Argentina’s YPF on LNG project

(Reuters) - Italian energy group Eni said on Monday it signed a memorandum of understanding (MoU) with Argentine state-run oil producer YPF on its possible participation in an liquefied natural gas (LNG) project in Argentina. The Argentina LNG project aims to develop the onshore "Vaca Muerta" gas field and supply international markets by exporting up to... Continue Reading →

April 14, 2025 0

YPF CEO Says Vaca Muerta Profitable Even at $40 Oil

(oilprice.com) Despite the recent slump in international oil prices, YPF CEO Horacio Marín remains confident in the resilience of Argentina’s energy sector—particularly the viability of Vaca Muerta. Speaking to Infobae en Vivo, Marín stressed that YPF can sustain profitable operations even if crude prices drop to $40 or $45 per barrel. “We made ourselves resilient at... Continue Reading →

April 11, 2025 0

Sempra to sell Mexico energy assets, stake in infrastructure unit

(Reuters) - Utility firm Sempra will sell some energy infrastructure assets in Mexico and a minority stake in Sempra Infrastructure to fund its five-year capex plan of $56 billion, it said on Monday. In February, the company had forecast a five-year capital plan of about $56 billion, a 16% increase from its prior plan, with over... Continue Reading →

March 31, 2025 0

NOCs and the Evolving Energy Landscape in Latin America

(oilprice.com) Latin America has long been a dominant force in the global energy market, built on vast oil and gas reserves. While the world increasingly eyes renewable sources of energy for the future, hydrocarbons remain the bedrock of economic stability for the region. As energy demand evolves, national oil companies (NOCs) must not forsake oil,... Continue Reading →

March 8, 2025 0

As US investment declines, China and India are rapidly expanding their presence across Latin America’s key industries.

(gfmag.com) With US investment in Latin America shrinking, China and India are seizing the opportunity to expand their economic reach in the region. The US remains the largest foreign investor, but its stake dropped nearly 10% in 2023 alone, to 38% of the $224.6 billion total, according to the UN Economic Commission for Latin America... Continue Reading →

March 6, 2025 1

Colombia upping regasification ante to tackle looming gas shortage

(offshore-energy.biz) Colombia’s state-owned oil and gas company Ecopetrol has handed out a contract to compatriot Puertos, Inversiones y Obras (PIO) to provide regasification services in the country’s Pacific Coast area. The new infrastructure will entail receipt and storage facilities in Buenaventura and a regasification facility with a 60 million cubic feet per day (mcfd) capacity... Continue Reading →

March 5, 2025 0

Supply Chain Regrouping as Trump’s Stand on Offshore Wind Takes Toll

(Reuters) Companies that committed to investments in U.S. offshore wind infrastructure and supply chains are scrapping their plans as the projects they were meant to serve face huge setbacks, including President Donald Trump's plan to end federal support. The pullback reflects the trickle-down effect of a dramatic downturn in the U.S. offshore wind industry over... Continue Reading →

February 13, 2025 0

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