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Argentina’s Vaca Muerta shale formation now accounts for over 70% of the nation’s oil and gas output, positioning it as a major contributor to energy security across the Americas.
BP’s Bumerangue discovery in Brazil could sustain the company’s upstream production and the nation’s oil output into the 2030s, with an estimated 2.5 billion recoverable barrels and potential peak output of 600,000 barrels per day.
Mexico has banned hydraulic fracturing in the Tampico-Misantla shale basin due to population density, indigenous communities, and freshwater concerns, even as the nation seeks to reduce natural gas imports from the United States.
U.S. diesel exports reached a record 1.9 million barrels last week as global supply constraints intensify due to Gulf disruptions and Ukrainian attacks on Russian refineries.
The Bank of England will no longer accept bonds linked to thermal coal for key loan arrangements starting in October, marking a victory for climate campaigners seeking to reduce financial support for polluting industries.
The Philippines’ participation in the US-led Pax Silica semiconductor initiative could strain the country’s clean energy transition due to massive electricity and water demands from proposed manufacturing facilities and data centers.
