Peru

Singapore targets 2.175 Mt NBS via REDD+ ITMOs with Peru

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. —

Bolivia: Paz prepares energy overhaul, lithium and gas transit reforms

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.

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.
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Argentina puts 44% of Nucleo Electrica SA’s capital up for sale as part of its reform

The Argentine government launches a national and international tender to sell 44% of Nucleo Electrica SA, continuing its policy of economic withdrawal through capital markets.

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.

Terra Innovatum signs agreement with Argentina’s Conuar for SOLO nuclear reactor components

Terra Innovatum has signed a memorandum of understanding with Conuar for the supply of key components for the industrial production of its SOLO micro-modular reactor, marking a strategic move into the South American market.
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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.

Argentina targets Brazil for gas exports despite Bolivian fees

Argentina aims to boost gas sales to Brazil by 2030, but high transit fees imposed by Bolivia require significant public investment to secure alternative routes.

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.

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.

Nano Nuclear partners with Dioxitek to strengthen Argentina’s nuclear supply chain

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.
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YPF Transfers Seven Oil Zones to Terra Ignis to Refocus Its Assets

YPF transfers management of seven conventional zones to Terra Ignis, marking a key step in its strategy to refocus on higher-value projects.

U.S. Court Halts Transfer of 51% of YPF Shares to Creditors

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.

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.
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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.

TotalEnergies sells two strategic Vaca Muerta blocks to YPF for USD 500 mn

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.

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.
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Brazil’s oil industry plans over $110bn in total natural gas investments

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.

The Export Ambitions of Vaca Muerta: Challenges and Realities in Argentina’s Energy Diplomacy

Vaca Muerta, one of the world’s largest shale gas reserves, places Argentina at a major strategic crossroads. Yet, with limited infrastructure, economic challenges, and energy diplomacy complexities, its export ambitions face significant hurdles.

Petrobras explores opportunities in the Argentine oil and gas sector

The Brazilian oil giant Petrobras is considering a return to Argentina, drawn by the potential of Vaca Muerta and a new energy cooperation agreement between the two nations.

Six new countries commit to tripling global nuclear production by 2050

At COP29, six countries joined an ambitious declaration to triple global nuclear capacity by 2050, bringing the number of signatories to 31, backed by major financial institutions.
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Japan increases coal imports to meet energy demand

Facing growing energy demand due to a record-breaking summer, Japan reports a surge in coal imports, exploring new suppliers to secure its electricity needs.

Enel reports a profit of 5.9 billion euros despite falling energy prices

The Italian energy giant Enel announces a 38% increase in net profit over nine months, reaching 5.9 billion euros, despite a context of falling electricity prices.

The Northern Natural Gas Pipeline: A Strategic Lever for Argentina’s Energy Independence

The new Northern Natural Gas Pipeline connects shale gas resources from Neuquén to northern Argentina, aiming to reduce imports and open up export opportunities.
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Argentina: YPF Completes Pipeline to Boost Oil Exports to Chile

YPF Completes Pipeline to Boost Oil Exports to Chile

Ecopetrol optimizes its debt management with an early repayment of USD 500 million

Ecopetrol S.A. makes an early repayment of USD 500 million on an international loan, strengthening its financial position and reducing long-term interest expenses.

Argentina-El Salvador Agreement: Nuclear Cooperation to Diversify Energy

El Salvador signs a memorandum of understanding with Argentina’s National Atomic Energy Commission to develop its nuclear program, marking a key step in its energy diversification strategy.
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Zelestra inaugurates a $200 million solar park to support Colombia’s energy transition.

The Spanish company Zelestra opens a 144 MW solar park in Colombia, marking a significant milestone in its Latin American strategy and contributing to the country's decarbonation objectives.

Five emerging countries dominate the voluntary carbon credits market

Colombia, Kenya, Cambodia, Mexico and Peru are the leaders in the voluntary carbon credit market, thanks to regulatory advances and investor-friendly policies.

Pampa Energía invests USD 1.2 billion in Mendoza to produce 50,000 barrels/day

Marcelo Mindlin, President of Pampa Energía, announces a $1.2 billion investment in the Vaca Muerta project, aimed at increasing oil production. This development is accompanied by renewable energy initiatives, promising significant economic impacts.
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Aramco strengthens its LNG strategy with investments in South America

Saudi Aramco is stepping up its diversification strategy by increasing its stake in liquefied natural gas (LNG), notably through MidOcean Energy and Peru LNG. This initiative responds to the growing demand for LNG, while at the same time being part of a sustainable energy transition.

Petroperu: Financial challenges and government support crucial for the future

Petroperu, the state-owned oil company, is going through a major financial crisis, requiring urgent government support. With an alarming debt and management challenges, its future depends on effective reforms and political stability to guarantee Peru's energy security.

Argentina increases gas exports to Brazil and Chile

Argentina is expanding its natural gas exports from Vaca Muerta to Brazil and Chile, bolstered by new transport infrastructure and increased production.
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Limited increase in US LNG exports to Latin America in August

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.

How China Reduces Nuclear Reactor Costs

China outperforms France in nuclear construction costs, thanks to optimized mass production and robust state financing, significantly reducing expenditure.

Cepsa sells its liquefied gas division to Empresas Copec for 275 million euros

Cepsa announces the sale of its liquefied gas division in Spain and Portugal to Empresas Copec for 275 million euros, continuing its strategy of refocusing on low-carbon energies.
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Argentine lithium: mining growth under environmental strain

Lithium mining in Argentina, a key driver of the global energy transition, generates economic opportunities while posing serious environmental and social challenges for local communities.

Brazil Reduces Hydroelectricity and Increases Thermal Sources

Intense drought on the Madeira River is forcing Brazil to reduce its dependence on hydroelectricity, in favor of more expensive thermal sources and energy imports from neighboring countries.