Central & South America
BP Delivers First Gas from Trinidad's Mento Field
bp Trinidad and Tobago (bpTT) has safely delivered first gas through connection of the initial discovery well at the Mento development, offshore Trinidad. Mento is a 50/50 joint venture between bpTT and EOG Resources. bpTT and EOG are currently working on the Coconut gas development under a similar joint venture arrangement, with start-up expected in 2027.
U.S.-Licensed Buyers of Venezuelan Crude Load Final Cargoes as Deadline Passes
The U.S. Treasury and State departments gave companies including Chevron, Maurel & Prom and Repsol until May 27 to receive cargoes of Venezuelan crude, fuel and byproducts as authorizations granted in recent years were revoked in March as part of the Trump administration's harder stance towards the sanctioned country.
U.S. Judge Extends Citgo Share Auction Bidding Deadline to June 2
A U.S. federal judge has extended to at least June 2 a period for bidders to submit rival bids in a court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to a filing released on Tuesday.
Peru Ordered to Pay Enagas $302 Million Over Pipeline Dispute
Spanish gas grid operator Enagas said on Monday the World Bank's International Centre for Settlement of Investment Disputes (ICSID) raised the amount the company is entitled to be paid in an arbitration process over a pipeline it built in the country.
Wood Mackenzie Warns of Gas Turbine Supply Constraints Through 2040
Wood Mackenzie expects new gas-fired generation projects of around 890 gigawatt (GW) capacity to be added globally between 2025 and 2040, with the U.S. and China leading at 47% annual additions during the same period.
U.S. NGL Exports Hit Record High Despite China Trade Disruption
U.S. exports of natural gas liquids hit a record high in April despite reduced shipments to China, as global buyers including India and Brazil boosted imports amid shifting trade flows.
Global Energy Exports Slide as Trade Risks Weigh on Oil and Fuel Demand
Global oil, LNG and fuel exports slowed in early 2025 as rising trade tensions and tariffs disrupt flows, pressuring demand across major import markets and raising risks for energy exporters.
Uruguay’s Ancap to Launch Natural Hydrogen Bid Round by Year-End
Uruguay’s Ancap plans to launch a bidding round for natural hydrogen exploration and development by year-end, with offers expected in 2026, while also eyeing a future carbon capture bid round.
Saudi Arabia Can Control Oil Supply, But Demand May Be Its Achilles’ Heel
Saudi Arabia is flexing its oil supply control, but weakening global demand could undermine its strategy and pose challenges.
TotalEnergies Files for $16 Billion Green Hydrogen, Ammonia Hub in Chile
TotalEnergies has filed for environmental approval of a $16 billion green hydrogen and ammonia project in Chile, which includes wind power, electrolysis, desalination, and maritime export infrastructure.
Golar LNG to Supply Second Vessel as Argentina Ramps Up Floating LNG Project
Argentina's Southern Energy Project said on Friday it has agreed to a contract with Golar LNG for a second liquefaction vessel with a capacity of 3.5 million metric tons of LNG per year, which is expected to arrive in the country in 2028.
Venezuela Oil Exports Drop 20% as Chevron Cargoes Canceled Over Sanctions Dispute
Venezuela's oil exports dropped 20% in April after state-run PDVSA canceled Chevron cargoes over sanctions-related payment issues, leaving ports idle and shipments returning.
Tankers Bottleneck at Aging Venezuela Oil Port Before U.S. Export Deadline
Oil tankers are queuing at Venezuela’s deteriorating La Salina port ahead of the U.S. license expiry on May 27, triggering delays as PDVSA pushes new crude exports.
Colombian Oil, Gas Guild Urges Action to Curb E&P Decline, Address Gas Shortfall
The main Colombian guild for oil, gas, and energy service companies proposed on Tuesday several measures to mitigate the drop in exploration and production (E&P) of oil and to take on the natural gas deficit in the South American country.
Argentina's YPF Drops Plan for Land-Based LNG Plant, Will Rely on Floating Facilities
Argentina’s state-run YPF has scrapped plans for an onshore LNG facility and will instead use floating liquefaction vessels to export gas from Vaca Muerta, CEO Horacio Marin said.
U.S.-China Trade War Reshapes Global LPG Flows, Pressures Prices
China is shifting away from U.S. LPG imports due to new tariffs, boosting demand for Middle East supply and altering global liquefied petroleum gas trade routes. The disruption is expected to affect prices, inventories, and global petrochemical markets.
Cosan’s Edge Imports Argentine Gas to Brazil Using Bolivian Pipeline
Brazil’s Edge, part of Cosan Group, has imported Argentine natural gas via Bolivia for the first time, using existing regional pipeline infrastructure. The deal, in partnership with Tecpetrol, signals growing cross-border gas flows from Argentina’s Vaca Muerta shale.
Dominican Republic Signs 15-Year LNG Deal with TotalEnergies for New Gas Plant
France's TotalEnergies has signed an agreement to supply 0.4 million tons of liquefied natural gas (LNG) annually to Enadom to power a future electricity plant, part of the Dominican Republic's plan to rely less on fuel oil and coal.
Eni, YPF Agree to Jointly Develop Argentina LNG Project with FLNG Units
Eni and Argentina's state energy company YPF have signed a Memorandum of Understanding (MoU) to jointly evaluate Eni’s participation in a key phase of the Argentina LNG project, the companies said on April 14.
Colombia Considers Long-Term Gas Imports to Ease Deficit, Cut Prices
The Colombian government could tie up long-term gas import contracts in a bid to cover its energy deficit and lower prices, Mines and Energy Minister Edwin Palma said on Friday.
PDVSA Suspends Oil Loading Approvals for Chevron, Disrupting Exports, Sources Say
Venezuela's state oil company PDVSA has canceled several authorizations it had granted U.S.-based producer Chevron to load and export Venezuelan crude in April, three sources with knowledge of the decision said on Thursday.
Venezuela Declares Economic Emergency as U.S. Crude, Gas Export Sanctions Hit
Venezuela's national assembly on Thursday passed a decree proposed by President Nicolas Maduro's government to declare a state of economic emergency in response to U.S. sanctions and tariffs.
Panama Canal to Open Bidding for New LPG Pipeline Project
The Panama Canal Authority has approved the launch of a bidding process for a new LPG pipeline project, aiming to streamline cross-canal transshipment and reduce vessel traffic. The project targets improved cargo flow and supports sustainable development.
Argentina Opens $1.4 Billion, 326-Mile Pipeline to Double Oil Export Capacity
Argentina has inaugurated a $1.4 billion, 326-mile oil pipeline from the Neuquen Basin to Puerto Rosales, doubling crude transport capacity to 540,000 bpd and boosting exports by up to $8 billion annually.
Argentina Sends First Vaca Muerta Gas to Brazil Through Bolivian Pipelines
Argentina has started exporting natural gas from its Vaca Muerta shale to Brazil via Bolivian pipelines, marking a new energy trade route in South America. The deal, involving TotalEnergies, Bolivia’s YPFB and Brazil’s Matrix Energia, could reshape regional gas supply dynamics.
Argentina’s Allen-Punta Colorada Pipeline Well Underway
Argentina’s YPF has begun construction on the second section of the 272-mile Allen–Punta Colorada pipeline, part of the Vaca Muerta Sur project. The line will transport up to 700,000 bpd of crude oil for export, with SCADA systems, storage terminals, and offshore VLCC loading capacity.
Global News April 2025
Stay informed with the latest industry news and developments in the midstream sector. From pipeline projects to regulatory updates and company announcements, P&GJ's Global News column brings you the most important insights from around the world.
BP Approves New Gas Project in Trinidad to Aid Atlantic LNG Output
BP has approved its Ginger gas development offshore Trinidad and Tobago, part of a renewed focus on natural gas to support the country’s Atlantic LNG facility. Production is expected to begin in 2027, with peak output reaching 62,000 barrels of oil equivalent per day.
New Fortress to Sell Jamaica LNG Assets to Excelerate for $1.1 Billion
Included in the deal are NFE’s LNG import terminal in Montego Bay, its offshore floating storage and regasification unit (FSRU) in Old Harbour, and a 150-megawatt combined heat and power plant in Clarendon, along with associated infrastructure.
Oil Loading Slows at Venezuela's Ports Amid U.S. Tariffs, License Termination, Data Shows
Oil exports from Venezuela are slowing as new U.S. tariffs disrupt trade and Chevron begins winding down operations in the country. Tanker data shows growing congestion at key ports as uncertainty over the tariff’s impact stalls shipments to major buyers like China.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- New Alternatives for Noise Reduction in Gas Pipelines
- EIG’s MidOcean Energy Acquires 20% Stake in Peru LNG, Including 254-Mile Pipeline
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- DOE Considers Cutting Over $1.2 Billion in Carbon Capture Project Funding
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
