TotalEnergies acquires 50% of AES' renewable portfolio in the Dominican Republic following a previous purchase of 30% of similar assets in Puerto Rico, consolidating 1.5 GW of solar, wind, and battery storage capacities in the Caribbean.
An incident in a private power plant caused a nationwide blackout in Panama on Saturday night. The national power grid was severely impacted, leading to an interruption in the potable water supply. Authorities are investigating the causes of the event.
Washington and London impose historic sanctions on the Russian energy sector, targeting Gazprom Neft and a fleet of 200 ships. Moscow accuses the U.S. of global destabilization, while Biden defends the strategic impact.
Indian Prime Minister Narendra Modi’s historic visit to Guyana paves the way for long-term crude oil import agreements, strengthening India’s energy ambitions amidst fierce European competition.
The easing of Panama Canal constraints and growing liquefied petroleum gas (LPG) fleet have kept Very Large Gas Carrier (VLGC) freight rates at historically low levels, with uncertain market prospects ahead.
Marine fuel sales in Panama reached their highest level in September since 2020, supported by strong year-on-year performance in both high sulfur and very low sulfur bunker grades.
Panamanian authorities have launched an energy auction open to new and existing power plants. Wind, solar, hydropower, and biomass projects can participate in this procurement exercise aimed at supplying energy between 2025 and 2030.
Exports of liquefied natural gas (LNG) from the United States to Latin America and the Caribbean rose slightly by 7% in August, with flows varying from country to country.
The wreck of the oil tanker *Gulfstream* in Trinidad and Tobago, refloated after a major oil spill, is at the heart of security tensions, with attempted intrusions leading to exchanges of fire.
The oil tanker "Gulfstream", involved in a massive fuel oil spill off Tobago, has been refloated after six months of delicate operations.
An international investigation is underway to identify those responsible.
In July 2024, Russian seaborne exports of petroleum products to Asia doubled to 1.1 million tonnes, with increased use of the Cape of Good Hope route to avoid the Suez Canal.
A record number of US LNG freighters transited the Cape of Good Hope on their way to Asia this year, due to various logistical and geopolitical challenges.
OMV, the Austrian oil and gas group, reported a 20% increase in net profit for the first quarter of 2024, despite a notable drop in gas prices and overall demand.
U.S. LNG exporters continue to favor the Cape of Good Hope route over the Panama Canal for their Asian shipments, despite the addition of a slot through the Panama Canal.
