South America
Indian Oil buys first Colombian oil under Ecopetrol contract
Indian refiners are scouting for crude as tighter U.S. and European Union sanctions on Moscow's producers and vessels are disrupting Russian oil imports.
Chile's $2.5-B Volta green ammonia project wins environmental permit
The facility in Mejillones, northern Chile, aims to reach an annual capacity of 620,000 metric tons (t) of green ammonia in two phases of 310,000 tpy each.
Five energy market trends to track in 2026, the year of the glut
This past year was a wild one for the oil and gas industry, punctuated by the 12-day Israel-Iran war in June, U.S. President Donald Trump's trade wars, the intensified targeting of energy infrastructure in Russia in its war against Ukraine, OPEC’s often perplexing production decisions and the recently threatened U.S. blockade of Venezuela.
Ethanol producer Inpasa to invest $630 MM in Brazil biorefinery projects
The new facility in Rondonopolis will receive 2.77 B reais in investments, with operations starting in early 2027.
Brazil's BNDES approves $71 MM for carbon storage project
Brazil is a major ethanol producer, and corn ethanol output is growing rapidly.
Cuba on edge as U.S. seizure of oil tanker puts supply at risk
A U.S. move this week to seize an oil tanker out of Venezuela is poised to make a bad situation worse for a crisis-stricken Cuba already struggling to source enough oil to power its ailing economy and electrical grid.
Corn-ethanol not seen as threat to Brazil's cane-ethanol producers
Corn-based ethanol production in Brazil has more than tripled since the turn of the decade while cane-based ethanol output has flattened. Brazil's cane mills can produce either sugar or ethanol from cane.
Amber Energy plans to hold on to Citgo refineries after takeover
A Delaware court last week approved Amber's $5.9-B bid for Citgo's parent PDV Holding and ordered the sale of PDV's shares, wrapping up an auction aimed at compensating creditors for debt defaults and expropriations in Venezuela.
Neoenergia and Honda join forces to accelerate green mobility in Brazil
The partnership will take place at Neoenergia's first green hydrogen filling station in the country, located in Brasilia (DF).
- Indian Oil buys first Colombian oil under Ecopetrol contract 12/31
- Ukrainian drone attack sparks fire, damages equipment at Tuapse refinery 12/31
- Chile's $2.5-B Volta green ammonia project wins environmental permit 12/31
- China begins issuing second batch of 2026 crude import quotas to refiners 12/31
- EIA: U.S. crude, fuel inventories rose in the week ended December 19 12/30
- Ghana's Tema oil refinery restarts after 9-yr shutdown 12/30
