The levelised cost of solar electricity continues to fall globally, reaching a regional record of $37/MWh in the Middle East and Africa thanks to tracker technologies, according to the latest market data.
Traceability requirements from the EU (European Union) on fuel origin are reshaping Indian refined flows, with a shift toward Africa and Brazil supported by local premiums and a decline in Russian exports.
Ten days before COP30, Brazil awarded five offshore oil blocks for over $19mn, confirming its deepwater development strategy despite environmental criticism.
A bilateral framework governs authorization, transfer and accounting of carbon units from conservation projects, with stricter methodologies and enhanced traceability, likely to affect creditable volumes, prices and contracts.
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With a $14mn investment, Enap progresses on the construction of its first green hydrogen plant, expected to be operational in early 2026 in the Magallanes region of southern Chile.
The Volans-1X exploration well revealed a 26-metre productive zone in the Orange Basin, marking another hydrocarbon find for Azule Energy partners in 2025.
The president-elect outlines a pro-market agenda: gradual reform of fuel subsidies, review of Yacimientos de Litio Bolivianos (YLB) lithium contracts, and monetization of gas transit between Argentina and Brazil, prioritizing supply stabilization.
New Stratus Energy has signed a definitive agreement with Vultur Oil to acquire up to 32.5% interest in two onshore oil blocks located in the State of Bahia, Brazil, with an initial investment of $10mn.
Vantage Drilling halted a 260-day drilling contract for the vessel Platinum Explorer following a rapid evolution of international sanctions regimes that made the campaign non-compliant with the applicable legal framework shortly after it was signed.
Brazil and China have concluded a three-year agreement to secure access to essential radioisotopes for the medical, industrial and scientific sectors, with no financial exchange between the parties.
Brazilian producer Sigma Lithium has been included in a thematic index by Morgan Stanley grouping US-listed companies considered essential to national security and strategic supply chains.
Talks on the Net-Zero Framework, which seeks to regulate greenhouse gas pricing on marine fuels, have been postponed until 2026 following a majority vote initiated by Saudi Arabia.
Under intense diplomatic pressure from Washington, member states of the International Maritime Organization agreed to postpone by one year the adoption of a carbon pricing mechanism for global maritime transport.
The increase in Brazil’s biodiesel blend mandate to 15% has reignited calls for stronger regulatory supervision as prices climb and budget constraints limit enforcement.
Israeli company Prisma Photonics has raised $30mn in a funding round led by Protego Ventures to develop its artificial intelligence-based detection system for power grids and critical infrastructure.
Major global oil traders anticipate a continued decline in Brent prices, citing the fading geopolitical premium and rising supply, particularly from non-OPEC producers.
Waga Energy strengthens its presence in Brazil, betting on a rapidly structuring market where biomethane benefits from an incentive-based regulatory framework and strong industrial investment prospects.
METLEN Energy & Metals and Glenfarne Asset Company announce the acquisition of a portfolio of solar and battery energy storage projects in Chile, with an installed capacity of 588 MW and storage capacity of 1,610 MWh.
Baker Hughes posted strong quarterly results, driven by a 9% increase in orders for its Industrial & Energy Technology division, despite a 50% drop in cash flow during the same period.
Weaker North American market conditions weighed on Halliburton's quarterly results, despite strong international activity and revenues exceeding analysts’ expectations.
Atlas Renewable Energy has signed a power purchase agreement with Chlorum Solutions to power its chemical operations in Brazil with 24 MW of solar energy from the Draco complex.
An armed group set fire to 45 trucks and several pieces of equipment at a Chinese hydropower construction site in southern Chile, triggering diplomatic tensions with Beijing.
Eni and YPF have signed a memorandum of understanding to evaluate Eni's participation in the Argentina LNG project, aimed at developing resources from the Vaca Muerta gas field and exporting up to 30 million tons of LNG per year.
Petro-Victory Energy secures key assets in Brazil through strategic alliances and acquisitions, consolidating its onshore market position and initiating a new phase of development.
SBM Offshore finalises a non-recourse leaseback agreement worth $400 million for FPSO Cidade de Paraty, transferring ownership to a consortium of Chinese lessors for an eight-year period.
In Brasilia, China and India urged BRICS members to resist carbon taxes and trade measures imposed without international consensus, calling for stronger existing multilateral frameworks.
Zelestra and Celepsa have signed a long-term power purchase agreement in Peru, enabling the development of a 238 MWdc solar plant to supply 450 GWh annually to Celepsa’s operations.
Mining companies are turning to copper production to drive growth from 2025, marking a strategic shift in capital allocation, according to Wood Mackenzie.
Driven by massive investments and new infrastructure in Vaca Muerta, Argentina anticipates reaching oil production of 830,000 barrels per day in 2025, nearing the historic record set in 1998.
Despite severe Western sanctions targeting Russian energy, Rosatom continues its international nuclear projects and maintains a steady flow of enriched uranium to Europe and the United States, thus supporting the Russian economy through an effective diversification strategy.
Czech company ENERGO-PRO becomes the largest Latin American investor with the acquisition of Brazil’s Baixo Iguaçu hydropower plant, marking a major milestone in its geographic diversification strategy.
Shell Brasil approves the offshore Gato do Mato project development, targeting production of 120,000 barrels per day by 2029, further consolidating its position as Brazil’s leading foreign oil producer.
Abastible, a Chilean company specializing in liquefied gas and electricity, has signed a power purchase agreement with Zelestra. This hybrid project combines 220 MWdc of solar energy and 1 GWh of battery storage to support night-time energy supply.
The European Southern Observatory (ESO) warns of the potentially devastating consequences of a power plant project near its telescopes in the Atacama Desert, highlighting irreversible light pollution.
With several mining projects recently funded, Brazil is strengthening its national strategy to exploit its rare earth reserves, amid sharply declining global prices and geopolitical tensions in this strategic market.
South America is set to add 160 GW of solar photovoltaic capacity between 2025 and 2034, driven by energy diversification, growing electricity demand, and favourable system economics. Emerging markets complement this growth despite challenges related to infrastructure and transmission costs.
