Amérique du Sud

OPEC Cuts Forecasts but Anticipates Rising Oil Demand

OPEC slightly adjusts its production forecasts for 2025-2026 while projecting stable global demand growth, leaving OPEC+ significant room to increase supply without destabilizing global oil markets.

Brasilia Prepares Trade Countermeasures Amid New U.S. Tariffs of 50%

Brazil adopts new rules allowing immediate commercial measures to counter the U.S. decision to impose an exceptional 50% customs tariff on all Brazilian exports, threatening stability in bilateral trade valued at billions of dollars.

Arctech Brazil obtains FINAME certification and accelerates its regional expansion

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.
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Petro-Victory Energy successfully completes drilling of AND-5 well in the Andorinha field, Brazil

Petro-Victory Energy announces the completion of drilling operations for the AND-5 well in the Andorinha field, Brazil, with positive reservoir results and next steps for production.

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.

BRICS Launch Their Own Climate Finance Framework and Reject CBAM

BRICS adopt a joint financial framework aimed at supporting emerging economies while criticizing European carbon border tax mechanisms, deemed discriminatory and risky for their strategic trade relations.
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McDermott awarded major offshore contract by BRAVA Energia in Brazil

McDermott secures contract worth up to $50 million with BRAVA Energia to install subsea equipment on the Papa-Terra and Atlanta oil fields off the Brazilian coast.

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.

BRICS Advocate for Energy Market Stability Amid Sanctions

Meeting in Rio, BRICS nations urge global energy market stability, openly condemning Western sanctions and tariff mechanisms in a tense economic and geopolitical context.
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Petrobras Considers Strategic Sale of Polo Bahia Oil Hub

Petrobras is exploring various strategies for its Polo Bahia oil hub, including potentially selling it, as current profitability is challenged by oil prices around $65 per barrel.

BRICS: solar production exceeds 50% of global total in 2024

Emerging economies from the BRICS group now account for more than half of global solar electricity production in 2024, driven mainly by China, India, and Brazil, according to a new report by the organisation Ember.

Brazil: renewable energy curtailment to jump by 300% by 2035

Rapid growth in solar and wind capacities will lead to a significant rise in electricity curtailment in Brazil, as existing transmission infrastructure remains inadequate to handle this massive influx of energy, according to a recent study by consulting firm Wood Mackenzie.
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Petro-Victory launches fully-funded drilling campaign in Brazil

Petro-Victory Energy Corp. starts drilling of the AND-5 well in the Potiguar Basin, Brazil, as the first phase of an operation financed through its strategic partnership with Azevedo & Travassos Energia.

Pedro Azagra takes helm at Iberdrola, Avangrid renews its leadership team

Pedro Azagra leaves his role as CEO of Avangrid to become CEO of Iberdrola, while Jose Antonio Miranda and Kimberly Harriman succeed him as CEO and Deputy CEO respectively of the American subsidiary.

Global solar tracker market: growth projected to reach $29.31bn by 2030

The global solar tracker market is expected to reach $29.31bn by 2030, driven by a compound annual growth rate of 26.2%, notably supported by large-scale photovoltaic projects and recent technological advances, a new study reports.
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Global emissions: Europe reduces locally but massively outsources its pollution

Global CO₂ emissions reach a record level in 2024, while Europe reports a local decrease but significantly outsources its pollution to emerging economies, revealing a pronounced gap between stated ambitions and economic realities.

Neoenergia inaugurates 86 km of power lines strengthening Brazilian grid

The Brazilian energy group Neoenergia has completed the installation of two power transmission lines in the state of Santa Catarina, aiming to enhance the reliability of the national grid, benefiting several key regional cities.

Vallourec completes acquisition of Thermotite do Brasil from Mattr

French group Vallourec announces the integration of Thermotite do Brasil, enhancing its industrial capabilities in Brazil for offshore pipeline coating services.
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Brookfield Infrastructure secures $1.6bn through targeted asset sales in 2025

Brookfield Infrastructure raised $1.6bn in the first quarter of 2025 by completing multiple asset sales while reporting a 5% increase in funds from operations.

Vinci calls for private funding to speed up EPR reactors

Vinci calls for private funding to speed up EPR reactors

Drought in the Amazon forces Brazil to import energy

Drought in the Amazon is reducing hydroelectric production, forcing Brazil to increase its energy imports.

ArcelorMittal invests in Vallourec to diversify its activities

ArcelorMittal acquires 28% of Vallourec for 955 million euros, targeting the hydrogen and geothermal sectors.

Accenture strengthens its net-zero infrastructure projects with BOSLAN

Accenture acquires BOSLAN to optimize net-zero infrastructure investments, strengthening its engineering project management capabilities for the global energy transition.
Accenture Bolsan

Petrobras joins forces with Galp for the Mopane Block in Namibia

Petrobras, the Brazilian oil company, joins forces with a partner to acquire a 40% stake in Galp's Mopane block in Namibia, with the aim of strengthening its reserves.

Nuclear energy boosts the I-REC market in the United Arab Emirates

The United Arab Emirates is becoming a major player in the International Renewable Energy Certificate (I-REC) market, thanks to a significant rise in nuclear production and increased adoption of corporate sustainability goals.

China sets export record for low-cost solar modules

China exports a record 120,427 MW of solar modules in the first half of 2024, thanks to a substantial reduction in prices, despite persistent trade tensions.
Chinese solar modules

OPEC+ Maintains Policy Despite Falling Oil Prices

OPEC+ plans to maintain its current policy despite lower oil prices, threatening the plan to reduce production cuts in the fourth quarter.

GA Drilling and Petrobras collaborate on drilling agreements

GA Drilling and Petrobras join forces to develop drilling technology to reduce costs and risks, although challenges remain.

Splight Inc. raises $12M to use AI to reduce energy congestion

Splight Inc. obtains $12 million to develop its AI technology, reducing grid congestion and optimizing the integration of renewable energies.
Illustration de l'utilisation de l'IA dans l'éolien

TotalEnergies reports a 7% drop in quarterly earnings

TotalEnergies reports second-quarter earnings of 3.8 billion euros, down 7% due to lower refining margins and gas sales.

Venezuela: Issues and Challenges to Relaunch the Gas Industry

Despite its vast gas reserves, Venezuela is struggling to revitalize its energy production in the face of major economic and political challenges.

Saudi Arabia: Lithium investments in Brazil and Chile

Saudi Arabia's Minister of Industry and Mineral Resources visits Brazil and Chile to boost investment in lithium, key to the Kingdom's economic diversification.
Diversification minière internationale saoudienne

Galp Energia reports improved quarterly results

Galp Energia reported a 16% rise in second-quarter adjusted net income, despite a 9% reduction in hydrocarbon production.

COP29: Azerbaijan proposes a climate fund for fossil fuel producers

Azerbaijan, chairing COP29, calls on fossil fuel producers to finance a new fund for energy transition and climate adaptation.

Dangote Refinery negotiates with Libya to secure crude oil

Nigeria's Dangote refinery is in talks with Libya to secure crude supplies for its 650,000-barrel-per-day facility, facing local supply challenges.
Raffinerie Dangote et approvisionnement en pétrole

EDF inaugurates South America’s largest wind farm

EDF Renouvelables announces the commissioning of its largest wind farm in South America, Serra do Seridó, located in the state of Paraíba, Brazil. This 480 MWp park supplies power to 1.5 million homes.

Brazil, Chile and Argentina: Drivers of wind power growth in Latin America

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.

JinkoSolar Partners with RELC and VI for 10 GW Plant in Saudi Arabia

JinkoSolar, RELC and VI announce a $1 billion investment for a solar cell and module production plant in Saudi Arabia with an annual capacity of 10 GW.
Partenariat stratégique en Arabie

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.

Eletrobras withdraws from Isa Cteep with a 130 Million Share Sale

Eletrobras plans to sell 130 million Isa Cteep preference shares, with the aim of simplifying its portfolio and concentrating on its core activities.