AGP Executive Report
Last update: 10 hours agoVenezuela Gas Deal-Making: BP, Shell and partners have secured new offshore gas exploration and production licences for the Loran field, with Phase 2 awarded to BP and others and development aimed at LNG exports via Trinidad—another sign of Venezuela’s energy reopening under tighter U.S. oversight. Regional Growth Watch: ECLAC cut its 2026 Latin America and Caribbean growth forecast to 2.2%, warning the pace is too slow to lift incomes sustainably, with Guyana’s oil-driven surge keeping the Caribbean outlook comparatively strong. Panama Shipping Pressure: El Niño-linked drought is forcing the Panama Canal to cut ship traffic, raising logistics costs and feeding through to consumer prices. Energy Transition Metals: Solis Minerals says it’s ramping drilling across lithium in Brazil and copper in Peru as electrification demand grows, highlighting how each metal maps to different parts of the transition. Grid & Storage Buildout: WALDEVAR Energy and GEN-I Sonce expanded their battery storage push with a 55 MW/220 MWh EPC contract in Romania, underscoring the storage-first shift in power systems. Crypto Mining Setback: Reuters reports Tether’s Uruguay bitcoin mining plans collapsed after disputes over energy supply, leaving the project abandoned and raising questions about mining economics as energy costs rise.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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