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☆ Brazil set to join the influential OPEC+ oil producers' alliance
▼ + stars: | 2023-11-30 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Brazil will join the influential OPEC+ oil coalition that unites some of the biggest crude-producing nations in the world, according to Brazilian Energy Minister Alexandre Silveira. The announcement was made during a postponed OPEC+ meeting to discuss oil output strategy over 2024, amid languishing prices weighed by fragile demand recovery in China, geopolitical risks and uncertainty over supplies from U.S.-sanctioned OPEC members Iran and Venezuela. In footage shared from the meeting, Silveira said that President Lula da Silva had approved his country's membership, starting next year. "I would like to conclude my words by informing you that the honorable President Lula confirmed our entry into the OPEC+ cooperation charter from January 2024," he said. "Brazil received an invitation to join OPEC+.

Persons: Luiz Inacio Lula da Silva, Alexandre Silveira, Silveira, Lula da Silva, Lula Organizations: Brazilian Energy, OPEC, Mines and Energy, United Arab Locations: Brazil, OPEC, China, U.S, Iran, Venezuela, Saudi Arabia, Russia, United Arab Emirates, Brasilia, Correction

☆ Oil Producers Fail to Agree on More Production Cuts
▼ + stars: | 2023-11-30 | by ( Stanley Reed | More About Stanley Reed | ) www.nytimes.com time to read: +1 min

The oil producers group known as OPEC Plus met on Thursday and failed to announce new production cuts in the face of sagging prices, but Saudi Arabia later said that it would continue to trim output by one million barrels a day through March, in coordination with some other countries that were not named. Oil traders, who may have expected more substantial cuts, had a chilly response to the news. Futures fell for the day, with Brent crude down 0.4 percent, to $82.80 a barrel, and West Texas Intermediate falling more than 3 percent, to $75.25. News reports of production cuts preceded the meeting. OPEC Plus said that Brazil, an oil giant that until now has not been part of the producers group, was expected to join next year.

Persons: Brent, ”, Richard Bronze, Alexandre Silveira de Oliveira Organizations: West Texas, Plus Locations: Saudi Arabia, Brazil

☆ Cambodia is focusing on decarbonizing its transportation sector, minister says
▼ + stars: | 2023-10-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCambodia is focusing on decarbonizing its transportation sector, minister saysKeo Rattanak, Cambodia's minister of mines and energy, discusses the steps the country is taking to achieve its net-zero targets.

Persons: Keo Rattanak Organizations: Cambodia

REUTERS/Luisa Gonzalez/File Photo Acquire Licensing RightsCompanies Ecopetrol SA FollowBOGOTA, Sept 11 (Reuters) - Colombia's government is considering revising rules to make majority state-run energy company Ecopetrol (ECO.CN) an obligatory partner in every offshore wind project, three people familiar with the matter told Reuters. If approved, the revision would make it "mandatory for Ecopetrol to take part in each offshore project," another source told Reuters. Having Ecopetrol partner up with other companies on offshore wind farms would "minimize the risks of new projects" one of the sources said, adding that the size of any given Ecopetrol stake would be "very, very small," without hinting at possible percentages. Ecopetrol's involvement in offshore wind projects would help shore up energy self sufficiency, another of the sources said. Plans to hold the bidding round to assign maritime blocks for offshore wind farms are running behind.

Persons: Luisa Gonzalez, Gustavo Petro, Colombia's, Energy Irene Velez, Andres Camacho, Oliver Griffin, Timothy Gardner Organizations: REUTERS, Reuters, The, of Mines, Energy, Thomson Locations: Bogota, Colombia, BOGOTA, Colombia's

The country recorded massive increases in generation from hydro (+64 billion kWh), solar (+13 billion kWh) and wind farms (+9 billion kWh). As a result, there was a sharp decline in thermal generation (-66 billion kWh) including gas (-45 billion kWh), oil (-10 billion kWh), coal (-8 billion kWh) and biomass (-3 million kWh). Hydro power was +43 billion kWh (+11%) above the prior ten-year average in 2022 and the highest for any year since 2011. In consequence, gas-fired generation was -24 billion kWh (-37%) below the prior ten-year average and the lowest since 2011. LNG IMPORTS DOWNBrazil relies on imports to cover more than a quarter of its gas consumption – rising to almost half in years when gas generation is high.

Persons: John Kemp, Barbara Lewis Organizations: U.K . Energy Institute, Hydro, HYDRO, National Electric, ., Ministry of Mines and Energy, Thomson, Reuters Locations: Brazil, Europe, Chartbook, Bolivia, United States, Qatar, Trinidad and Tobago, Asia, Midwest

☆ 4.9 magnitude quake strikes southern Haiti; 4 dead, dozens injured
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: +3 min

The town of Jeremie in Haiti's southwest region was struck by a moderate earthquake on Tuesday, June 6, 2023. (Patrick Farrell/Miami Herald/Tribune News Service via Getty Images)An earthquake with a preliminary magnitude of 4.9 struck southern Haiti early Tuesday, killing at least four people and injuring 36 others, authorities said. The quake struck before dawn near the southwestern coastal city of Jeremie at a depth of six miles (10 kilometers), according to the U.S. Geological Survey. "There were so many people out on the street, and a lot of panic," he recalled of the moments after the quake struck. The earthquake struck almost two years after a 7.2 magnitude earthquake struck southern Haiti and killed more than 2,200 people, with Les Cayes sustaining the most damage.

Persons: Patrick Farrell, Eric Mpitabakana, Les Cayes, Frankel Maginaire, Mpitabakana, Claude Prepetit, Paul Pierre, Pierre, Prince, Ariel Henry Organizations: Miami Herald, Tribune, Service, Getty, . Geological Survey, Food, Associated Press, Civil Protection Agency, Haiti's Civil Protection Agency, Haiti's, of Mines and Energy, Radio, AP Locations: Jeremie, Haiti's, Haiti, Port

☆ Ecuadorean authorities detain former energy minister in bribery probe
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +2 min

QUITO, May 15 (Reuters) - Ecuadorean authorities have detained a former energy minister amid an investigation into alleged bribery linked to state oil firm Petroecuador, the attorney general's office said on Monday. An investigation of Xavier Vera, Ecuador's former minister of mines and energy, began last October following several corruption allegations, including that he arranged jobs at Petroecuador in exchange for bribes. "The attorney general's office, with the support from (Ecuadorean police) executed an arrest warrant against Xavier V., within an investigation for alleged bribery," the attorney general's office wrote in a message via Twitter, referring to Vera. He isn't running away from the investigation, he isn't running away from the process," Vera's lawyer, Carlos Sanchez, told local television channel Ecuavisa. Reporting by Alexandra Valencia in Quito Writing by Sarah Morland Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Colombian president asks cabinet to resign ahead of reshuffle - sources
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +1 min

BOGOTA, April 25 (Reuters) - Colombia's President Gustavo Petro has asked his cabinet ministers to resign ahead of a reshuffle, two sources told Reuters late on Tuesday, as the leftist leader said he had lost his majority coalition in Congress. "The political coalition agreed as a majority has ended today due to decisions of some party presidents," Petro said in a message via Twitter late on Tuesday. Petro has largely backed his ministers, including Velez, though disagreement over the health reform proposal already lead to the exit of the education minister, Alejandro Gaviria. Interior Minister Alfonso Prada could be take over as defense minister, said one government source who declined to be identified. Others, including Velez, could hold on to their posts, the source said.

☆ Ex-Brazil president Bolsonaro is hoarding a stash of jewels Saudi Arabia gave him — but was just ordered to give them away
▼ + stars: | 2023-03-23 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Brazil's watchdog ordered former President Jair Bolsonaro to hand over valuable jewels. He received the gift on a trip to Saudi Arabia, and another stash was seized by customs. Jewelry gifted to former Brazilian President Jair Bolsonaro and former first lady Michelle Bolsonaro by the Saudi government and seized by customs officials. It later emerged that a second stash of jewels, valued at around $75,000, also entered the country undetected, and were in Bolsonaro's possession. It is this this second stash that the watchdog has ordered Bolsonaro to hand back, reports say.

☆ Colombia's oil theft soars, leaving trail of environmental harm
▼ + stars: | 2022-12-23 | by ( Oliver Griffin | ) www.reuters.com time to read: +9 min

Reuters accompanied a police unit tasked with tackling oil theft in September to two sites near Tumaco, a Pacific port in southwest Colombia that is the terminal for the country's Transandino oil pipeline. The animals, the trees - everything is totally burned," said Colonel Johan Pena, commander of the police unit charged with tackling oil theft in Narino, a province bordering Ecuador that is known for cocaine production. Reuters approached more than a dozen environmental groups, rights advocates, government agencies and international organizations who either said they had no detailed information on the extent of the environmental damage in Colombia from oil theft or did not respond to questions. Oil spills on land smother soil pore spaces, restricting microorganisms' access to oxygen, said Martha Daza, a professor at Cali-based university Universidad del Valle's school of engineering of natural resources and the environment. Regional health authorities in Narino did not immediately respond to questions about the health impact of oil spills.

☆ Brazil, a Bastion of Hydropower, Is Gaining Traction in Wind and Solar
▼ + stars: | 2022-12-06 | by ( Paulo Trevisani | ) www.wsj.com time to read: +8 min

The government, meanwhile, welcomes renewables projects as they can generate jobs and extra income for communities plagued by poverty. The wave of solar, wind and other clean-energy projects is expected to take market share from historically predominant hydroelectric generation. Wind and solar power are abundant in areas thousands of miles north of metropolitan centers where it is mostly needed, industry officials said. New solar and wind plants are generally welcomed by environmentalists and can often offer much-needed income to small farms. Of this total, 83% is expected to come from renewable sources, including hydro, solar, wind and others.

☆ Colombia could be open to buying Venezuela's Monomeros -Finance Minister
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +1 min

BOGOTA, Nov 30 (Reuters) - Colombia could be open to buying Venezuelan fertilizer maker Monomeros, Finance Minister Jose Antonio Ocampo said on Wednesday, at a time when higher fertilizer prices have contributed to inflationary pressure. Though Monomeros is based in the Colombian city of Barranquilla, it is owned by Pequiven, which is a unit of Venezuelan state-owned oil company PDVSA. The government of Venezuelan President Nicolas Maduro regained control of Monomeros' board of directors in mid-September, following a couple of years when it was controlled by opposition leader Juan Guaido. The recent changes to Monomeros' management occurred at a time when relations between Colombia and Venezuela - particularly in economic and military cooperation - have strengthened, following the election of Colombian President Gustavo Petro. Reporting by Carlos Vargas and Nelson Bocanegra Writing by Oliver Griffin Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

SHARM EL-SHEIK, Nov 10 (Reuters) - African nations must be allowed to develop their fossil fuel resources to help lift their pepole out of poverty, governments said at the COP27 talks in Egypt, which welcomed leaders of oil and gas companies sidelined at previous talks. African nations said wealthy countries had failed to deliver promised funding that would help them to expand clean energy instead of exploiting their fossil fuel resources. Some 636 fossil fuel lobbyists were registered to attend COP27, another report from a group of organisations that analysed the U.N.'s provisional list of attendees found. That's 100 lobbyists more than attended the Glasgow COP26 summit last year, the group said, lamenting what it described as "rise in the influence of the fossil fuel industry". The analysis also counted delegation members acting on behalf of their country's fossil fuel industry.

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