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From the Media

Nov 28, 2023 - AFP

Tensions are running high between Georgetown and Caracas, which has organized a December 3 poll to ask Venezuelans to consider annexing the Guyana-administered region of Essequibo, which makes up two-thirds of the tiny country. Both nations claim the 160,000-square-kilometer (62,000-square-mile) region in a dispute that has intensified since ExxonMobil discovered oil there in 2015. Another major discovery in Essequibo in October added further to Guyana's reserves, making them greater than those of Kuwait or the United Arab Emirates.

Nov 28, 2023 - ICIS

Grepar will take legal action and seek compensation from Petrobras after it unilaterally cancelled the sale of its Lubnor refinery, the prospective buyer said on Nov. 27. Grepar agreed to acquire the Lubnor refinery in Fortaleza (Ceara) for US$ 54 M. The facility can process 8,200 bbl/day and is a major producer of asphalt and naphthenic lubricants, among other products. However, this week Petrobras cancelled the contract, citing a “lack of compliance” with the conditions as well as a missed deadline. Grepar agreed to buy the Lubnor refinery and associated assets in 2022, when Petrobras was under management that had been appointed by Brazil’s previous administration.

Nov 28, 2023 - NATURE WORLD NEWS

Brazil is the largest producer and exporter of sugarcane in the world and also a pioneer in using sugarcane as a source of bioenergy. A recent review article published in BioEnergy Research shows that Brazil has had more articles published on sugarcane than any other country in the period from 2006 to 2020. Ethanol is the most widely used bioenergy product from sugarcane, and Brazil is the second-largest ethanol producer in the world, after the United States. It can be used as a fuel for vehicles, either pure or blended with gasoline, and can reduce greenhouse gas emissions by up to 90% compared to fossil fuels. Sugarcane can also be used to generate electricity by burning the bagasse.

Nov 28, 2023 - Fortune

COP28 president Sultan Al Jaber was willing to raise oil and gas commercial interests during climate meetings with foreign governments ahead of the United Nations summit starting in Dubai later this week, according to a cache of internal records leaked by a whistleblower and published by the BBC. in collaboration with the Centre for Climate Reporting. Al Jaber’s presidency has been controversial because he remains chief executive officer of the Abu Dhabi National Oil Co., one of the world’s largest oil producers. The report describes Al-Jaber apparently planning to lobby Brazil’s Minister of Environment and Climate Change, Marina Silva, to help push through Adnoc’s bid for Brazilian petrochemical company Braskem.

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