Ecuador

QIA invests $535mn to increase its stake in Colombian power producer ISAGEN

Qatar’s sovereign wealth fund has raised its stake to approximately 15% in ISAGEN, one of Colombia’s leading power producers, through a $535mn investment alongside Brookfield.

Oversupply pushes natural carbon credit price to 2025 low

The price of nature-based carbon credits dropped to $13.30/mtCO2e in October as a 94% surge in September issuances far outpaced corporate demand.

EDF power solutions commissions 30 MW biomass plant in Colombia

EDF power solutions and Refocosta have inaugurated Colombia’s largest wood biomass power plant in Villanueva, with 30 MW of capacity and an annual output of 200 GWh injected into the national grid.
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J&F Investimentos targets EDF’s thermal plant amid Brazil’s booming energy M&A

Brazilian holding J&F Investimentos is in talks to acquire EDF’s Norte Fluminense thermal plant, valued up to BRL2bn ($374 million), as energy-related M&A activity surges across the country.

PetroTal shuts in four Bretana wells after leaks detected in tubing

PetroTal has temporarily halted production from four wells at the Bretana field in Peru, following technical leaks affecting pumping performance, while keeping its annual guidance unchanged.

Nordex enters Ecuador with 112 MW wind farm order

German group Nordex has signed its first order in Ecuador to supply 19 turbines for a 112 MW wind farm, marking its entry into a little-developed Andean market.
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Singapore commits $55.6 million to forest carbon credits in Latin America and Africa

The Singaporean government has signed a contract to purchase 2.17 million mtCO2e of carbon credits from REDD+, reforestation and grassland restoration projects, with deliveries scheduled between 2026 and 2030.

Orazul Energy Perú buys back 68% of its 2027 bonds in cash tender offer

The Peruvian power producer completed a cash tender offer for its 5.625% senior notes, reaching a participation rate of 68.39% at the close of the operation.

Anglo American and Teck merge to form copper giant in zero-premium deal

The announced merger between Anglo American and Teck forms Anglo Teck, a new copper-focused leader structured for growth, with a no-premium share structure and a $4.5bn special dividend.
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Orazul Energy launches cash tender offer for its 2027 notes

Orazul Energy Perú has launched a public cash tender offer for all of its 5.625% notes maturing in 2027, for a total principal amount of $363.2mn.

Scatec signs 15-year power purchase agreement for a solar plant in Colombia

Norwegian group Scatec has signed a power sales agreement with BTG Pactual for its first solar project in Colombia, representing an estimated $110mn investment.

Colombia: Petro blocks coal to Israel in a political showdown

President Gustavo Petro bans all coal exports to Israel, a decision with minor energy effects but strong diplomatic weight, illustrating his anti-Americanism and attempts to reshape Colombia’s domestic politics.
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CATL deploys TENER Stack system in Brazil to accelerate regional expansion

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.

IFC grants $600 million loan to ENGIE Energía Perú for energy projects

The International Finance Corporation finances ENGIE Energía Perú to develop solar, wind, and storage projects, with performance indicators targeting efficiency and governance.

Frontera Energy sells its stake in two Ecuadorian oil blocks for $7.8mn

Frontera Energy Corporation confirms the divestment of its interest in the Perico and Espejo oil blocks in Ecuador, signalling a strategic refocus on its operations in Colombia.
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Gran Tierra invests USD15.55mn to strengthen its oil presence in Ecuador

Gran Tierra Energy confirms a major asset acquisition in Ecuador’s Oriente Basin for USD15.55mn, aiming to expand its exploration and production activities across the Andean region.

Enel posts 11% drop in half-year profit despite rising revenue

Italian group Enel reports net profit of €3.4bn for the first half, down from last year, while revenue rises to €40.8bn amid market volatility.

Brookfield invests up to $1 billion to increase its stake in Isagen

Brookfield Renewable announces an investment of up to $1 billion to increase its stake in the Colombian energy company Isagen to 38%. Qatar Investment Authority (QIA) is also co-investing to raise its stake to 15%.
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PetroTal increases production by 15% in Q2 2025 and strengthens liquidity

PetroTal Corp. records production growth in the second quarter of 2025, improves its cash position and continues replacing key equipment at its main oil sites in Peru.

Bomb attack halts operations on Colombia’s Caño Limón-Coveñas oil pipeline

An explosion caused by a homemade explosive device in northeastern Colombia has forced Cenit, a subsidiary of Ecopetrol, to temporarily suspend operations on the strategic Caño Limón-Coveñas pipeline, crucial to the country's oil supply.

Colombia switches to natural gas

In Colombia, the conversion of vehicles to natural gas is gathering pace as the country's first left-wing government abolishes gasoline subsidies, offering tax incentives for natural gas vehicles.

COP28: The ‘Unabated’ Fossil Energy Dilemma

The fate of the climate negotiations at COP28 rests on an ambiguity surrounding the term "unabated fossil fuels", evoking a decisive turning point in global climate policy.

Colombia at the forefront of the Energy Transition at COP28

At the heart of COP28, Colombia stands out as the first major continental oil producer to support an anti-fossil fuel treaty, illustrating a progressive commitment to a sustainable future.
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Ecuador: at least 1,200 barrels of crude oil spill on a Quito beach

An oil leak at an oil terminal in Ecuador has resulted in at least 1,200 barrels of crude oil being spilled on a tourist beach in the northwest of the country, causing worrying environmental pollution and leading to the beach being closed for the safety of visitors.

Maritime disputes: ICJ rejects Nicaragua’s application against Colombia

The International Court of Justice has rejected Nicaragua's claim against Colombia concerning an oil- and fish-rich area of the Caribbean Sea. Colombia celebrated the decision as a "great victory", putting an end to their latest legal dispute over the delimitation of maritime borders.

Colombia: oil industry concerned about falling crude reserves

Colombian oil reserves are dwindling faster than expected, allowing domestic supply only until 2030. This alarming situation calls into question the government's energy transition and is causing concern within the oil industry.
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Ecuador: a minister raises the financial spectre if oil exploitation in a natural park stops

Ecuador's government stands to lose $1.2 billion a year if oil drilling is suspended in an eastern Amazon natural park, according to the country's energy minister. The consultation, long demanded by environmentalists, aims to protect the Yasuni World Biosphere Reserve.

Colombia: the unstoppable rise in the price of once cheap gasoline

Colombian motorists are facing an unprecedented increase in gasoline prices, following the removal of government subsidies. This decision aims to reduce the public deficit and promote a sustainable environmental policy, but it has led to high inflation and criticism from citizens.

Ecuador: green light for a referendum on oil exploitation in a reserve

The Constitutional Court of Ecuador authorizes a referendum on the continuation of oil exploitation in the natural reserve of Yasuni. Ecuadorians will be able to vote in the next 75 days to decide on the phasing out of this operation.
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Maduro accuses Biden administration of “looting” Venezuelan refiner

Venezuelan President Maduro is accusing the United States of "looting" Citgo, a refining company owned by Venezuelan oil giant PDVSA, as a U.S. court authorizes the sale of Citgo's shares to pay off its creditors.

Colombia pledges to reduce its dependence on oil

Colombia is investing $135 million in renewable energy to reduce its dependence on oil and cut greenhouse gas emissions. The government will no longer award contracts for hydrocarbon exploration and production.

Colombia: Enerfín obtains financing for the construction of its photovoltaic plant

Enerfín, the renewable energy subsidiary of Elecnor Group, is building its first photovoltaic plant in Colombia with a loan of 300 billion Colombian pesos. This plant, located in the La Dorada region, is expected to produce 263 GWh per year and avoid the emission of 132,480 tons of CO2 each year.
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Ecopetrol uses AI to improve oil exploration and production

Colombian oil company Ecopetrol will use AI to improve exploration and increase existing crude production. This initiative is part of the company's transition to greener energy sources.

In Colombia, the fever of the wind turbine upsets the natives

The construction of wind turbines in the far north of Colombia is raising tensions among indigenous Wayuu communities, who fear losing their ancestral territory to renewable energy. Despite promises of productive projects and clean water, some residents regret the lack of guidance in negotiating better terms.

Occupation of the Morona oil platform by indigenous activists

Indigenous activists occupy an oil platform in the Peruvian Amazon to protest against the environmental damage caused by the national oil company Petroperu. The workers are held since Wednesday, blocked on the platform by the militants. Petroperu calls for dialogue to resolve the situation.
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Colombia: Cox Energy América awards 45 MW in three solar projects

Cox Energy América is positioning itself as a key player in the energy transition in South America by awarding 45 MW for solar power generation in Colombia.

Ecuador: Solarpack invests $145 million in solar energy

The Ecuadorian government has signed an agreement with the Spanish company Solarpack to build and operate the country's first large-scale solar energy project, with an estimated investment of nearly $145 million.

Ecuador gradually resumes production of its crude oil

Ecuador announced the gradual resumption of production of its crude oil, its main export product, after reinforcing the infrastructure of one of its pipelines. The state-owned oil company Petroecuador had temporarily suspended part of its exports last week due to a check to be carried out on two of its main pipelines crossing a river next to a bridge that had collapsed. .
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Enel announces an ambitious plan to sell assets

On Tuesday, Enel, Italy's largest utility, announced an ambitious asset sale plan aimed at reducing its net debt by the end of this year. The company will then focus on six main markets in Europe and the Americas.

USA: New rules for sharing nuclear technology

There have been significant changes in the U.S. nuclear information sharing rules. Mexico becomes an unrestricted authorized country, while Colombia and Egypt are now excluded from the list of generally authorized countries.