South America
Indian companies willing to deepen presence in Venezuela
New Delhi was the second-largest importer of Venezuelan oil in May, with purchases of 427,000 bpd.
DNV announces financial close of $650-MM H2 fertilizer project in Paraguay
The $650-MM project is one of the world's first industrial-scale green fertilizer plants to be financed in a non-recourse basis, a standalone, asset-backed financing structure where lenders look only to the project itself for repayment.
South America's stealthy ascent to key crude oil swing supplier
Led by Brazil, Guyana and Venezuela, the region has delivered the largest increase in oil exports of any producing bloc so far this year, reshaping global trade patterns and reinforcing the Atlantic basin's role in global supply.
Not everybody is a loser from the Iran war—just ask Brunei
The focus from the Iran conflict has largely been on the increasing cost the world is having to pay through higher crude oil and natural gas prices resulting from the effective closure of the Strait of Hormuz.
Mubadala's Acelen secures $1.5 B to launch Brazil SAF biorefinery project
The refinery is expected to start operations in 2029 and produce up to 1 B liters per year of sustainable aviation fuel (SAF) and renewable diesel.
Venezuela's PDVSA controlling fire at Cardon refinery's cracker
Power outages and fires are frequent at PDVSA's deteriorated refineries, which typically work at a fraction of capacity.
- OXEA confirms final investment decision for major capacity expansion at plant 7/10
- TotalEnergies ships to Asia the first cargo produced by the ECA LNG plant 7/10
- ADNOC L&S expands LNG fleet with order for four new carriers 7/10
- India's ONGC plans to build 13-MMbbl national strategic oil reserve 7/10
- Russian refineries, oil terminal, tankers hit, Ukraine says 7/10
- Tajikistan says it has 60 days' fuel in reserve amid Russian supply crunch 7/10
