Bolivia

CATL unveiled in São Paulo its new 9MWh TENER Stack system, designed for the South American market, responding to rising demand for energy storage driven by the growth of renewable energy.
Nano Nuclear Energy has signed a memorandum of understanding with Dioxitek, Argentina’s only uranium supplier for nuclear fuel, to assess the development of local conversion and enrichment capacities.

Brazil Mobilizes $1 Billion for 65 Hydropower Plants

A landmark auction in Brazil allocates 815 MW to medium-sized hydroelectric plants, with grid injection scheduled from 2030.
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YPF transfers management of seven conventional zones to Terra Ignis, marking a key step in its strategy to refocus on higher-value projects.
A New York appeals court has temporarily frozen the enforcement of a ruling ordering Argentina to transfer 51% of YPF’s capital, pending review of the appeal filed by Buenos Aires.

CATL Suspends Lithium Mine in China : Prices Surge 8%

The suspension of Jianxiawo mine after its mining permit expired removes 65,000 tonnes of annual production from the saturated global market.
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TotalEnergies completed the sale of its 45% stake in two unconventional hydrocarbon concessions to YPF in Argentina for USD 500 mn, marking a key milestone in the management of its portfolio in South America.
In response to the energy transition, Brazil’s oil majors are accelerating their gas investments. It is an economic strategy to maximise pre-salt reserves before 2035.

Trump hits Brazil with 50% tariffs but spares oil and iron

Washington imposes massive duties citing Bolsonaro prosecution while exempting strategic sectors vital to US industry.
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The state-owned oil company adjusts its rates amid falling oil prices and real appreciation, offering up to $132 million in savings to distributors.
Two separate strikes in the Vaca Muerta region threaten to disrupt oil and gas production after historic records, with unions protesting layoffs and unpaid wages in a rapidly expanding sector.

The International Court of Justice opinion increases legal risks for fossil fuel projects

The advisory opinion issued by the International Court of Justice increases legal exposure for states and companies involved in the licensing or expansion of oil and gas projects, according to several international law experts.
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The U.S. government has supported Argentina’s request for a temporary suspension of an order to hand over its stake in YPF, a 16.1 billion USD judgment aimed at satisfying creditors.
Arctech Brazil has received FINAME certification from the National Bank for Economic and Social Development, making financing more accessible for its solar trackers and consolidating its role in the Latin American solar market.

Latin America’s six largest economies accelerate transition to renewables

Brazil, Mexico, Argentina, Colombia, Chile, and Peru significantly increase renewable electricity production, reaching nearly 70% of the regional electricity mix, according to a recent Wood Mackenzie study on Latin America's energy sector.
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NANO Nuclear Energy Inc. formalizes its collaboration with UrAmerica Ltd. to strengthen Argentina’s uranium supply, aiming to secure future nuclear fuel supply chains for the U.S. market.
VMOS signs a USD 2 billion loan to finance the construction of the Vaca Muerta South pipeline, aiming to boost Argentina's energy production while reducing costly natural gas imports.

Argentina forecasts 180 Mmcd to become regional supplier and major LNG exporter

According to a Wood Mackenzie report, Argentina could achieve daily gas production of 180 million cubic metres per day by 2040, aiming to become a key regional supplier and a significant exporter of liquefied natural gas.
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Facing the lowest temperatures recorded in 30 years, the Argentine government announces reductions in natural gas supply to industries to meet the exceptional rise in residential energy demand across the country.
Argentina and Peru have signed an agreement expanding their scientific and technological cooperation in the civil nuclear field, including joint research projects and specialised training programmes for future development.
Increased demand in Asia-Pacific is redirecting US LNG exports, reducing deliveries to Europe.
In July, China and South Korea dominated US LNG imports, while Europe's share declined significantly.

World Oil Reserves: Stable at 1,536 Billion Barrels

Global oil reserves remain stable at 1,536 billion barrels, posing a challenge in the face of growing demand without rapid electrification of transport.
Illustration puits pétroliers sur soleil couchant
Splight Inc. obtains $12 million to develop its AI technology, reducing grid congestion and optimizing the integration of renewable energies.
Air Liquide reports lower profits and sales in the first half of 2024, but improves operating margin.

Bolivia: YPFB launches exploratory drilling to revitalize Tarija

YPFB has begun new drilling in the Tarija department to explore the hydrocarbon potential of the Chorro and Tupambi formations, aiming to reverse a decade of declining production.
Logo de la YPFB sur les infrastructure du champ de Tarija
IsoEnergy Ltd. announces the sale of 100% of the shares of its subsidiary holding the Laguna Salada and Huemul projects in Argentina to Jaguar Uranium Corp. This transaction is part of IsoEnergy's strategy to focus on its core assets in the United States, Canada and Australia, while strengthening its equity portfolio.
Latin America will see its onshore wind capacity double to 79 GW over the next ten years, with Brazil, Chile and Argentina accounting for 81% of this regional growth, according to Wood Mackenzie.

Bolivia discovers a 1.7 TCF natural gas megafield

Bolivia has announced the discovery of a natural gas megafield estimated at 1.7 trillion cubic feet, marking the largest discovery since 2005.
Découverte gaz naturel Bolivie Luis Arce
Onshore wind capacity in South America will reach 79 GW by 2033, boosted by 40 GW of new installations, according to Wood Mackenzie.
The explosion in artificial intelligence (AI) is driving a significant increase in energy consumption. The computational needs of AI models, especially generative language models, require energy-intensive infrastructures. Data centers play a crucial role, consuming a significant share of the world's electricity.

Bolivia: YPFB seeks funding to revitalize the oil and gas sector

YPFB, Bolivia's state-owned energy company, is seeking investment and help from Russia to offset falling oil and gas production, while at the same time trying to improve investment conditions.
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Energy Commissioner Kadri Simson visits Chile and Argentina to strengthen energy cooperation, with a focus on renewables and hydrogen.
Bolivia is facing a severe crisis with a shortage of fuel and foreign currency, plunging the country into deep economic and political uncertainty.

Argentina validates reforms to promote energy investment

Argentina approves incentive reforms to attract massive investment in oil and gas infrastructure, including the privatization of Enarsa and the construction of an LNG terminal.
Réformes incitatives infrastructures énergétiques
Equinor's first offshore well in Argentina, Argerich-1, showed no clear sign of hydrocarbons. In-depth analyses will be carried out over the coming months to assess the area's potential.
Under the presidency of Gustavo Petro, Colombia is experiencing a historic turning point in terms of energy and environmental policy. With a firm commitment to energy transition, the Petro government aims to reduce the country's dependence on fossil fuels.

Recurrent Energy and SPIC inaugurate a 446MWp solar complex in Brazil

Recurrent Energy and SPIC launch the 446 MWp Marangatu Solar Complex in Brazil, a milestone for the Brazilian energy sector.
Complexe solaire Marangatu Brésil
The UK and Russia play down suspicions of oil prospecting in Antarctica, asserting the scientific nature of Russian research.
The European Commission has given the go-ahead for a 300 million euro subsidy to Nuward, an EDF subsidiary, for the development of SMRs aimed at strengthening the European Union's decarbonization and energy autonomy.