On April 21, Luxembourg's stock exchange suspended the trading of bonds issued by Odebrecht Oil and Gas, part of a conglomerate involved in a massive corruption investigation in Brazil.
The company said last month it would miss a US$9.6m interest payment due on its 7% unsecured perpetual notes, and its 30-day grace period has expired, putting it in default.
Recommended Reading
Occidental’s Lithium Technology ‘Ready for Prime Time’
2024-03-20 - Occidental is leaning towards a ‘build, own and operate’ approach to growing its direct lithium extraction business.
Element3 Extracts Lithium from Permian’s Double Eagle Wastewater
2024-01-30 - The field test was conducted with wastewater from a subsidiary of Double Eagle Energy Holdings’ produced water recycling facility.
Amid ‘Battery Arms Race,’ Xerion CEO Talks Tech, Maturing Market, China
2024-04-10 - The late-stage battery startup is active in the military and electronics space, but is gaining attention for technology that extracts lithium from geothermal brine.
Energy Transition in Motion (Week of Feb. 9, 2024)
2024-02-09 - Here is a look at some of this week’s renewable energy news, including the latest on a direct lithium extraction technology test involving one of the world’s biggest lithium producers and the company behind the technology.
Elephant in the North: E3 Lithium CEO on Finding Opportunity ‘Hunters’
2024-02-28 - E3 Lithium is working toward commercial lithium production for its Clearwater project in South-Central Alberta’s Bashaw District, while developing its own DLE technology.