Acelen, a Mubadala company, will increase diesel production at Brazilian refinery Mataripe 10%
Celso Ferreira, the Chief Operations Officer of Mubadala's Acelen, said that it was aiming to increase the diesel production capacity at its Brazilian refinery Mataripe in June by 10% as part of its 143 million reais (?736 millions) investment plan for this year. Mataripe, Brazil’s second largest refinery, which accounts for 14% of the country’s capacity…
Shell to provide more support for Brazil sugar-ethanol JV Raizen sources claim
Shell, the oil major and the "healthier" joint-venture partner of Brazilian sugar and alcohol producer Raizen, is prepared to invest more in a recapitalization for the "distressed" company, according to three sources familiar with the matter. The world's largest sugar producer, Raizen, is facing financial difficulties after it posted a net loss for the third quarter of $15.6 billion ($3 billion) at mid-February.
Brazil's key sugar production between the center and south is forecast to reach 40.5 million metric tons in 2026/27
Hedgepoint Global Markets reported on Tuesday that sugar production in Brazil's center-south region is expected to reach 40.5 million metric tons in the new season 2026/27, the same as the previous one, despite a lower?amount being destined to?making sweetener. Hedgepoint stated that the sugarcane crop will grow from 610 to 630 millions tons. This means a stable sugar production.
Watch these stocks as Trump's tariffs create more uncertainty
After a Supreme Court decision last week that ruled against his larger levies, tariff uncertainty has returned. Wall Street analysts expect emerging market exchange-traded fund and retailers to benefit in the end. Here are some stocks, ETFs, and sectors that could be affected by the latest twists in the?U.S. Analysts at Jefferies pointed out that consumer electronics retailer Best Buy and luxury brands Ralph Lauren…
Engie to install bitcoin mining and storage at massive new Brazil solar plant
Eduardo Sattamini is the Engie Country Manager for Brazil. He told journalists last week that he was looking into possible offtakers. Assu, located in northeast Brazil has 895MWp of installed capacity and began full commercial operations last month. Sattamini stated that the production was curtailed by 'curtailments' made to balance Brazil’s power grid. He did not specify how much of the?production had been affected.
Brazil's Raizen claims $2 billion in impairment is due to financial issues and not operational challenges
Executives said that Brazil's Raizen had no operational issues and its third quarter impairment of 11.1 billion Reais ($2.12billion) reflects financial difficulties but does not impact liquidity. This was after the company announced "significant uncertainty" regarding the firm's ability?to continue operating. Late Thursday night, Raizen…
Maguire: Maguire, China's renewables boom has boosted it to a rare clean-capacity club.
In 2025, the world's largest polluter will have crossed a crucial energy transition threshold by installing more clean power than fossil fuel production capacity for the first. Global Energy Monitor data shows that China will have 1,494 gigawatts (GW) of clean energy generation capacity operating in 2025. This compares to 1,420 GW?of fossil fuel-fueled capacity.
Maguire: Maguire, China's renewables boom has boosted it to a rare clean-capacity club.
In 2025, the world's largest polluter will have crossed an important energy transition threshold by installing more clean power generation capacity than fossil fuel generation capacity. Global Energy Monitor data shows that China will have 1,494 gigawatts (GW) of clean power generation in operation by 2025. This compares to the?1,420-GW capacity powered by coal, gas, and other fossil fuels.
Brazil will rebuild ethanol stock in the new harvest following a 21% decline in 2025-2026
Analysts and industry data suggest that Brazil's sugar mills and ethanol producers will be strongly prompted to build up ethanol inventories for the harvest of 2026-2027, as biofuel prices are at multi-year highs. Sugar?futures are also hovering around five-year lows. According to data from Brazil's agriculture ministry, ethanol?stocks totaled 5,81 billion liters on Jan. 15.
BP confirms that it has applied for an OFAC license to develop the Venezuela/Trinidad Gas Field
BP wants a license to 'develop' its Manakin Cocuina Gas Field that crosses the border between Trinidad and Tobago, Venezuela and Trinidad. This was revealed by interim BP CEO Carol Howle on Tuesday. Shell's Dragon and Manatee project and BP's Manakin are among the energy companies that have moved forward with their plans in Venezuela since the U.S. captured former Venezuelan President Nicolas Maduro.
Equinor, a Norwegian oil and gas company, plans to increase its international production by 2030.
Equinor’s international oil-and-gas portfolio will grow?in the coming years, as the Norwegian energy company targets a?sharply?increased?output abroad in 2030. Equinor produces oil and natural gas in seven other countries than Norway after recent divestment in Argentina. This is down from 12 in 2019. Equinor's goal is to increase overseas oil production from 730,000 barrels per day in 2025 to more than 900,000.
Brazil's Raizen hires financial and legal advisers to try and fix its fortunes
To improve its liquidity, Brazil's Raizen appointed Pinheiro Neto & Cleary Gottlieb to act as legal?advisers as well as Rothschild & Co. as financial advisors. The sugar and ethanol producer, which is in dire straits, has also announced that it and its advisors have begun an exploratory and preliminary assessment of financial and economic alternatives as they try to turn their fortunes around.
Brazil's Raizen names Pinheiro Neto and Cleary Gottlieb to try to improve its fortunes
Three people with knowledge of the matter confirmed on Monday that Brazil's Raizen has hired law firms Pinheiro Neto & Cleary Gottlieb to help it strengthen its liquidity and turn its fortunes. Raizen, the joint venture between Brazilian oil giant Cosan, and London listed oil company Shell has suffered a string of heavy losses in recent quarters and amassed high levels of debt.
Shell is in need of a big deal or discovery as its oil and gas reserves are dwindling
Shell and analysts agree that the company needs to find a way to increase production to compensate for an expected shortage of between 350,000 and 800,000 barrels equivalent to oil per day in 2035, due to mature fields that are unable to meet its output targets. Oil majors have resisted the urge to 'top up' their reserves for years. They…
Namibia Flags Approval Need for TotalEnergies, Petrobras Offshore Stakes
Government officials stated on Sunday that Namibia would not recognize the purchase of offshore stakes by TotalEnergies or Petrobras announced last week until the oil companies followed the proper approval route.A spokesperson for the Presidency, Jonas Mbambo confirmed that "no transaction" can be recognized or considered valid until a formal application is submitted…
Namibia's Energy Ministry blasts TotalEnergies and Petrobras for failing to follow procedure
Namibia expressed concern that TotalEnergies and Petrobras acquired new offshore positions within the Luderitz basin without notifying the energy ministry and/or obtaining the necessary approval. Both French and Brazilian oil companies, TotalEnergies & Petrobras, announced on Friday that they each acquired a 42.5% share in an offshore Namibia exploration license.
Brazil's Inpasa increases exports of dried distillers grain to China
Inpasa, a Brazilian corn ethanol manufacturer, will increase exports of dried distillers grains with solubles to China in this year. Gustavo Mariano Oliveira said Friday. Inpasa produces DDGS (a corn ethanol product used as animal feed) in the amount of 3.3?million metric tons per year. The company announced on Tuesday that it would be making its first shipment to China soon.
Glencore focuses on short-term disposals while Rio deal remains elusive
Glencore, the Swiss-based mining company, is likely to sell assets to bolster its copper portfolio after failing to merge with Rio Tinto. The two companies have called off talks to create a global mining giant worth $240 billion due to disagreements over valuation and ownership. This is the third failed attempt at a tie-up, following earlier merger discussions between 2014 and 2024.
TotalEnergies and Petrobras purchase land north of Namibia's massive Mopane discovery
Both TotalEnergies, the French oil giant, and Petrobras, the Brazilian firm acquired a 42.5% share in an offshore exploration license. The firms are looking to "develop" oil in one of last frontiers in exploration. Total has expanded its holdings in South Africa, where the company hopes to become the first oil producer by the end decade.
Merz, Germany's Merz, promises arms cooperation while he seeks to increase Qatari energy
German Chancellor Friedrich Merz promised to take a more-restrictive approach to arms exports to Gulf States during a visit to 'Qatar' on Thursday. The trip came as Europe’s largest economy seeks to deepen economic ties and to diversify its sources of energy. Merz has launched a campaign aimed at promoting Germany as an attractive country for doing business, as the U.S.