April 5, 2024
LATAM Highlights
Brazil
According to the Economic Times, Petrobras’ subsidiary Transpetro is set to advocate for renewables in its terminals.
Colombia
Reuters reports that the World Bank has approved a $750 million climate change loan for Colombia.
Argentina
Argentina dollar bonds hit record highs as Milei rally powers on, Reuters reports.
Chile
Reuters reports that Chile has inaugurated the world's first fully solar-powered air traffic station.
Peru
Peru's Boluarte has reorganized the cabinet ahead of a congressional vote of confidence, reports Merco Press.
Panama
According to Reuters, S&P Global warns that a drought in the Panama Canal could pose a threat to the supply chain.
Venezuela
Reuters reveals that a joint venture between Venezuela's PDVSA and Chevron has launched a new drilling plan.
Paraguay
Merco Press reports that Paraguay is not opposed to paying Waterway tolls, according to the Foreign Minister.
Notable Transactions in Our Space
SLB agreed to acquire rival oilfield service provider ChampionX for $7.8B in an all-stock deal.
Canadian energy company Enbridge raised $3.5B through a four-part bond offering at an up to 145 bps premium.
LATAM Airlines to start process of re-listing shares on NYSE.
Essential Read
Milei’s economic overhaul faces these four hurdles:
Slaying Inflation,
Balancing the Books,
Winning Support from Lawmakers, and
Re-Entering Debt Markets.
Read the Bloomberg article here.
Podcast Spotlight
The podcast examines the shift to clean shipping fuels, evaluating options like ammonia, methane, and LNG, alongside the global impact of EU policies on decarbonization goals in the maritime sector.
Stat of the Week
The graph illustrates the decline in tree cover loss in Colombia since its peak in 2017, mainly attributed to shifting agriculture and commodity production.
Our LinkedIn Updates and Posts
AI's Transformative Role in Energy: Efficiency Boost or Job Threat? Read the complete article here.
Bolivia launches its initial 1,500 b/d biodiesel plant to reduce reliance on crude imports, signaling a pivotal shift in energy strategy. Learn more here.
