Amérique du Sud

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: Perenco accused of funding a paramilitary group between 1997 and 2005

The Colombian prosecutor’s office has seized two offices belonging to the oil company Perenco in Bogotá. The company is accused of financing the United Self-Defense Forces of Colombia (AUC) in exchange for security services between 1997 and 2005.

MPC Energy Solutions sells its stake in the Planeta Rica solar project in Colombia

MPC Energy Solutions has signed an agreement to sell its stake in the Planeta Rica solar project in Colombia. The transaction is expected to close by the end of 2025.
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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.

Ecuador: Partial Resumption of Oil Transport After Major Climatic Disruptions

The private OCP pipeline has resumed operations in Ecuador following an interruption caused by heavy rains, while the main SOTE pipeline remains shut down, continuing to impact oil exports from the South American country.

Ecopetrol acquires Wind Autogeneración and restarts Windpeshi wind project

Ecopetrol S.A. finalises the acquisition of Wind Autogeneración from Enel S.A.S., thereby taking over the Windpeshi wind project in Colombia, with a planned capacity of 205 MW, aimed at the Colombian oil group's energy self-consumption.
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Colombian Carbon Market Under Pressure: Excess Credits and Waning Confidence

Colombia is experiencing a significant drop in voluntary carbon credit prices due to a major oversupply, destabilizing the financial balance of associated communities and projects.

Global Oil Exploration Investments Decline, a First Since 2020

Oil companies may reduce their exploration and production budgets in 2025, driven by geopolitical tensions and financial caution, according to a new report by U.S. banking group JP Morgan.

Ecopetrol obtains authorization to expand its sustainable bond issuance program

The Financial Superintendency of Colombia approves an amendment to Ecopetrol’s local bonds and commercial paper program, enabling issuance of sustainable, indexed, or in-kind repayable instruments.
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S&P downgrades Ecopetrol to BB, Moody’s maintains Ba1 rating

S&P Global Ratings lowers Ecopetrol's global rating to BB following Colombia's sovereign downgrade, while Moody’s Investors Service confirms the group's Ba1 rating with a stable outlook.

Port-au-Prince plunged into darkness after forced shutdown of hydroelectric plant

Port-au-Prince is without electricity after residents of Mirebalais forcibly shut down a hydroelectric plant protesting government inaction amid escalating gang-related violence.

Ecopetrol acquires 45% of Repsol in block CPO-09 for 41 million barrels

Ecopetrol finalizes the purchase of Repsol's 45% stake in the CPO-09 oil block, adding 41 million barrels to its reserves and strengthening its strategic position in the Llanos Orientales basin.
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NANO Nuclear : énergie et agriculture pour les communautés isolées

NANO Nuclear : énergie et agriculture pour les communautés isolées

The Ecuadorian government takes over management of the OCP pipeline for six months

Ecuador has transferred management of the OCP pipeline to the state for an interim period of six months following the expiration of the contract with OCP Ecuador. A new tender will soon be launched to determine its future operation.

Ecopetrol: A Record Budget of 28 Trillion Pesos for 2025

The Colombian group Ecopetrol announces a historic investment for 2025, aiming to strengthen oil production, accelerate the energy transition, and improve infrastructure while pursuing its sustainability goals.
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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.

Massive Gas Discovery in Colombia: A Turning Point for Energy Reserves

The discovery of a vast natural gas deposit in the Colombian Caribbean could double the country's energy reserves, according to Ecopetrol and Petrobras.

Investments in Hydrogen: Acceleration and Global Challenges

Investments in hydrogen have doubled, mainly in China, but uncertainties remain regarding demand and regulatory frameworks necessary for sustainable growth.
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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.

Liquefied natural gas shortage in Northwest Europe

Demand for liquefied natural gas (LNG) in North-Western Europe fell in April, putting the region under pressure in the shoulder season.

International certification for sales of Plug electrolyzers in Korea

Plug Power Inc, the US leader in hydrogen solutions, secures the first international certification in Korea for its electrolyzers, paving the way for the commercialization of its systems in this strategic market.

The United States accelerates its drive for nuclear fusion

With massive support from private investment, the USA could see nuclear fusion powering the electricity grid within ten years, marking a decisive turning point in energy production.
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American electric vehicles still dependent on China

In response to logistical challenges, the USA is extending the deadline for electric vehicle manufacturers to adapt their supply chains.

TC Energy reports lower earnings

TC Energy announces earnings of $1.2 billion for the first quarter of 2024, unveiling major infrastructure projects.

10.5 GW renewable energy agreement between Microsoft and Brookfield

Brookfield and Microsoft establish agreement to develop 10.5 gigawatts of renewable energy, targeting carbon neutrality of Microsoft's operations by 2030.
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Maurel & Prom obtains US license to operate in Venezuela

The United States has granted Maurel & Prom an exceptional license, enabling the French oil company to maintain its operations in Venezuela despite the sanctions.

Disaster in Brazil: Call for a “Marshall Plan” after the floods

Brazil is facing an unprecedented crisis, with massive flooding devastating the Rio Grande do Sul and prompting urgent calls for international aid.

AI: a double-edged sword for the US energy sector

Artificial intelligence offers both opportunities and risks for American energy security, requiring careful management of emerging technologies.
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Oliver Stone: Nuclear advocacy in “Nuclear Now” documentary

Oliver Stone defends nuclear power as a solution to climate change in his new documentary, "Nuclear Now", recently shown in Paris.

Duke Energy boosts storage capacity with Bad Creek upgrade

Duke Energy strengthens system reliability in South Carolina with a major expansion of its Bad Creek pumped storage facility.

TotalEnergies: A listing in New York in the face of French opposition

The debate is intensifying around the potential transfer of TotalEnergies' main listing to New York, a move that French Finance Minister Bruno Le Maire is striving to block.
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Gálvez Ruiz promises to revitalize Mexico’s electricity market

Xóchitl Gálvez Ruiz, currently second in the Mexican presidential polls, plans to revive the electricity market by resuming long-term auctions if elected in June.

Record US LNG and LPG exports in 2024

In 2024, US LPG and LNG exports reach unprecedented levels, driven by rising production and arbitrage opportunities.

United States: sharp rise in weekly crude oil inventories

U.S. commercial crude oil inventories rose unexpectedly last week, following an almost equivalent decline the week before, according to the U.S. Energy Information Agency (EIA).
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United States: WEC Energy Group acquires 90% of the Delilah I Solar center

WEC Energy Group announces the acquisition of the Delilah I Solar center, reinforcing its renewable energy strategy.

Trans Mountain, Canada’s controversial new oil pipeline, goes into service

The Trans Mountain pipeline, which will significantly increase Canada's oil transport capacity, is finally operational, sparking debate and controversy.

Ecuador and Colombia: the reasons behind a dual water and energy crisis

Ecuador and Colombia, both dependent on hydroelectricity, are facing a historic drought that is exacerbating their energy crises.
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Monarch and Elawan complete two major solar projects in Texas

Monarch Private Capital and Elawan Energy celebrate the completion of two major solar projects, Pitts Dudik and Dileo, in Hill and Bosque counties, Texas.

US sanctions on Iranian oil: limited short-term impact

Recent US legislation tightens sanctions on Iranian oil trade, but experts predict a minor short-term impact on the global oil market.