From the Media

Mar 04, 2024 - Bloomberg

Japanese automaker Toyota will announce on Tuesday an 11 billion real (US$ 2.2 billion) investment for the next few years in Brazil, the South American country’s vice-president said on Sunday. Toyota said in a statement earlier on Sunday, after local media had first reported the new investments, it had no comment on potential future plans. Brazil’s vice-president and minister for industry Geraldo Alckmin said on social media the investments will be unveiled at an event in Toyota’s factory in the city of Sorocaba, Sao Paulo state. He added the investments are expected to create 2,000 jobs and launch new models.

Mar 04, 2024 - LNG Industry

New Fortress Energy Inc. has announced that its 6 million tpy (300 trillion Btu) Barcarena LNG terminal located in Pará, Brazil, is now operational with the Energos Celsius FSRU on site. NFE co-hosted an event on-site to celebrate the terminal’s commissioning with the state government of Pará and the Ministry of Mines and Energy for Brazil, including Helder Barbalho, the Governor of Pará, and Alexandre Silveira, the Minister of Mines and Energy for Brazil.

Mar 04, 2024 - Hart Energy

Chevron Corp.’s plans to acquire Hess Corp. in a US$ 53 billion all-stock deal have reached a major snag. The dispute centers over Hess’ 30% interest in the prolific Stabroek Block offshore Guyana. Partners Exxon Mobil Corp. and China National Offshore Oil Corp. (CNOOC) believe they have a right of first refusal over the interest.

Mar 04, 2024 - Oil and Gas 360º

Gunvor pleaded guilty Friday to a felony charge of conspiring to violate a U.S. anti-bribery law, agreeing to pay more than US$ 660 M, marking the end of a long-running criminal probe into the big energy trader. Jean-Baptiste Leclercq, Gunvor’s general counsel, told the judge that the trader conspired to violate the anti-bribery law by making payments to intermediaries to win business with Ecuador’s national oil company Petroecuador. Vitol, the world’s largest oil trader, resolved U.S. and Brazilian probes in December 2020 by agreeing to pay US$ 164 million and admitting to bribing officials in Brazil, Mexico and Ecuador.

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