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Wednesday, June 3, 2026

South America

BlackRock-backed Atlas renewable freezes $1 billion in Brazil solar projects- oil and gas 360

BlackRock-backed Atlas renewable freezes $1 billion in Brazil solar projects

June 3, 2026

(Oil Price) – High curtailment rates and the national grid operator frequently rejecting renewable power have prompted BlackRock-backed Atlas Renewable Energy, one of the biggest solar power producers in South America, to halt $1 billion in planned investment in Brazil, the company’s chief executive Carlos Barrera told Reuters on Wednesday. “There’s at least … 1.5 gigawatts that we put on hold

Ecopetrol targets Brazil’s onshore oil and gas, eyes Petrobras Bahia Terra cluster- oil and gas 360

Ecopetrol targets Brazil’s onshore oil and gas, eyes Petrobras Bahia Terra cluster

September 19, 2025

(World Oil)–  Colombian oil producer Ecopetrol SA is pursuing oil and gas deals in Brazil that could include a cluster of onshore Petrobras fields in the northeastern state of Bahia. “We believe that Brazilian onshore has great potential, especially in natural gas,” Jorge Martínez, the head of Ecopetrol’s operations in Brazil, said in an interview from the company’s offices in

Argentina Finally Emerges as a South American Oil Powerhouse- oil and gas 360

Argentina finally emerges as a South American oil powerhouse

August 7, 2025

(Oil Price)– The discovery of the massive Vaca Muerta shale play was a game changer for the economically troubled South American nation of Argentina. The country, which with 2024 gross domestic product of $632 billion ranks as the second largest economy in South America and third largest in the broader region of Latin America, is rapidly becoming one of the region’s

US Gulf refiners seek MidEast, S.American oil to offset Venezuela, Mexico losses- oil and gas 360

US Gulf refiners seek MidEast, S.American oil to offset Venezuela, Mexico losses

July 25, 2025

(BOE Report) – U.S. Gulf Coast refiners are snapping up higher volumes of Middle Eastern and South American crudes to offset the loss of Venezuelan and Mexican barrels, according to ship tracking data, a workaround solution that might be short-lived if the U.S. allows some sanctioned Venezuelan crude to return to the market. The shake-up in trade flows reflects a

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