South America
Residual fuel fills Venezuela's storage tanks as exports cut to minimum
Most ships bound for Venezuelan ports for December and early January cargo deliveries have made U-turns, as the blockade spooks even vessels not under sanctions.
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.
- Phillips 66 Limited agrees to acquire Lindsey Oil Refinery assets 1/5
- IIT Guwahati (India) develops sunlight-driven catalyst to convert carbon dioxide into methanol fuel 1/5
- PBF Energy provided an update on efforts to rebuild its Martinez refinery 1/5
- C2X to deliver 3.6 MM metric tons of carbon removal to Microsoft over 12 yrs 1/5
- Beaumont New Ammonia reaches key milestone with ammonia production 1/5
- Trump administration (U.S.) sets meetings with oil companies over Venezuela 1/5
