Central & South America
Amos Global Energy Waits For License to Develop Gas Resources Offshore Venezuela
Venezuela has about 30 trillion cubic feet of non associated gas reserves, which remain largely undeveloped due to lack of investment, and more recently US sanctions.
Shell, BP, EOG Resources Bid On Oil And Gas Blocks Offshore LNG-Rich Trinidad And Tobago
Trinidad is Latin America's largest producer of liquefied natural gas (LNG), with installed capacity of 15 million metric tons per year of the super-cooled gas. It also is one of the world's biggest exporters of methanol and ammonia, but its plants have been operating below full capacity in recent years due to a lack of gas.
Argentina’s YPF Begins Building Vaca Muerta Oil Pipeline
The initial phase will run from Añelo in Neuquén to Allen in Río Negro, connecting with the Oldelval system, Argentina's largest oil pipeline network. This project aims to enhance the oil transportation system in the Neuquén basin, significantly boosting transport capacity to refineries and the port of Bahía Blanca.
Brazil’s Petrobras To Retain Gas Pipeline Following Landmark CADE Reversal
This decision allows the state-owned oil giant to keep five oil refineries and the Transportadora Brasileira Gasoduto Bolívia-Brasil (TBG) gas pipeline operator, which it had been ordered to sell under a 2019 agreement intended to address its market dominance.
ExxonMobil Faces October 2024 Deadline To Develop ‘Large’ Natural Gas Discovery Offshore Guyana
The government has been pressing for a bonanza from mostly untapped gas reserves found by the Exxon-led group. The consortium, which includes Hess Corp and CNOOC Ltd, is required under its production agreement to return to the government by October about 20% of its massive Stabroek block if that area remains undeveloped.
Spain's Repsol Gets U.S. License to Expand Venezuela Oil, Gas Projects - Sources
Spain's Repsol has received a license from the U.S. Treasury Department authorizing the energy company to continue and expand its oil and gas business in Venezuela, sources close to the decision said on Thursday.
Argentina's Oil Output Hits Record High with YPF's New Pipeline Launch
Argentina's oil production in the key province of Neuquen reached a record high in April, driven by increased activity in the huge Vaca Muerta shale formation, the local government said on Tuesday, edging up to around 390,326 barrels per day.
Colombia's Trasandino Pipeline to Remain Offline Until December 2024, Ecopetrol CEO Says
Colombia's Trasandino pipeline is forecast to remain offline until December, the chief executive of Colombia's majority state-owned energy company Ecopetrol said on Wednesday.
Eletrobras Partners with GEP for Green Hydrogen Production in Brazil
Brazil's Eletrobras, Latin America's largest utility, has signed a memorandum of understanding with Green Energy Park (GEP) to study opportunities for green hydrogen production, the companies said on Tuesday.
YPF Advances $2.5 Billion Pipeline Project to Spur Vaca Muerta Shale Oil Exports
YPF SA is advancing a $2.5-billion cross-country pipeline project to unlock the rich potential of the Vaca Muerta shale region, addressing the primary bottleneck hindering its full exploitation.
Black & Veatch Completes Feasibility Study for Andes Energy LNG Terminal
Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, a LNG regasification terminal and power plant located near the port city of Buenaventura on Colombia’s Pacific coast.
Paraguay Pursues $1.5 Billion Gas Pipeline Linking Argentina and Brazil
Paraguay is advancing talks with energy firms and high-ranking government officials from Argentina and Brazil over a potential $1.5 billion gas pipeline to connect the three countries, sources told Reuters.
Exxon's Liza Unity FPSO in Guyana Hits Peak Output of 252,000 bpd, Executive Says
An ExxonMobil led oil consortium has achieved peak production of 252,000 barrels per day from its Liza Unity production vessel, Exxon Guyana Country Manager Alistair Routledge said on Wednesday.
Exxon to Temporarily Shut Guyana Platforms for Pipeline Connection
The 140-mile (225-km) pipeline will feed Guyana's $1.9 billion gas-to-power project aimed at ending the country's dependence on imported fuels and at lowering energy costs for residents.
Exxon Misses Q1 Profit Estimates Despite Guyana Gains
Exxon Mobil Corp. on Friday missed analysts' estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains.
Hess Profit Soars on Increased Guyana Output, Positive Sign for Exxon
Hess Corp. on Thursday reported first-quarter earnings well above analysts' forecasts, driven by a 28% increase in Guyana oil output, a sign Exxon Mobil's results out Friday could also top forecasts.
MidOcean Energy Acquires 20% Stake in Peru's First LNG Export Facility
PLNG's assets encompass a natural gas liquefaction plant boasting a processing capacity of 4.45 MTPA, along with a fully-owned 254-mile (408 km) pipeline capable of handling 1,290 MMcf/d.
Offshore Developments: Exxon's Guyana Gas Plans, LNG Capacity Boost, and More
(P&GJ) — Explore the latest offshore developments, including Exxon's considerations for Guyana gas production post-2029, increased LNG regasification capacity, Venezuela's licensing plans with Trinidad and Shell, New Fortress Energy's onshore complement to an offshore project, and Sulmara's refit for renewable energy contracts.
Colombian President Proposes Ecopetrol and Petrobras Collaboration on Green Hydrogen
Colombian state energy company Ecopetrol and its Brazilian counterpart Petrobras should work together on developing green hydrogen, Colombian President Gustavo Petro said on Wednesday.
Ceiling on Venezuela's Oil Output Growth Expected as U.S. Oil License Expires
The expiration of the widest U.S. license so far granted to Venezuela's oil and gas industry will put a ceiling on the South American country's slow crude production growth unless Washington grants enough individual authorizations to compensate, according to analysts and experts.
BP Nears Deal to Sell Trinidad Upstream Gas Assets to Perenco
BP is close to an agreement to sell some of its Trinidad and Tobago oil and gas assets to Anglo-French oil company Perenco, sources said.
Delays in Guyana Gas-to-Power Project Threaten Oil Revenue, Energy Cost Reduction Goals
Guyana’s efforts to use its natural gas resources to fuel a power plant that would slash the South American nation's energy costs have snagged on construction delays and threaten to curtail the rising oil hotspot's revenue this year by about $1 billion.
Shell Seeks Longer U.S. License Before Committing to Venezuela Gas Project
Oil major Shell is seeking a long-term license from the U.S. before making a final investment decision on the Dragon natural gas project in Venezuela, four people familiar with the matter said.
Argentina Pursues Gas Export Route to Brazil via Bolivia Amid Regional Supply Concerns
Energy companies from Argentina and Brazil have begun talks on reversing the southerly flow of a Bolivian natural gas pipeline network that connects the three countries as a regional gas deficit could force Brazil to pay up for alternative supplies of the fuel.
Credit Agricole Declines Funding for Exxon, Eni, and TotalEnergies’ LNG Projects
Credit Agricole said on Monday that it would not provide financing to two major LNG projects, citing commitments to refrain from new fossil fuel developments.
Argentina's Vaca Muerta Shale Formation Drives Record Oil Production in February
Argentina's Neuquen province hit a record for daily oil production in February, aided by increased activity in the Vaca Muerta shale formation, the local government said on Friday.
Suriname Urges Exxon and TotalEnergies to Unify Gas Projects
Suriname's state-owned oil company Staatsolie has begun talks with oil majors Exxon Mobil and TotalEnergies to encourage joint development of natural gas fields that straddle its and Guyana's maritime borders, the head of its state oil firm told Reuters late Tuesday.
Trinidad Pursues U.S. License for BP-Venezuela Gas Project Amid Sanctions
The government of Trinidad and Tobago has begun talks with the U.S. for a license that would allow the joint development of a natural gas project shared with Venezuela that also involves BP, Energy Minister Stuart Young said on Thursday.
CEO: Other Nations Will Fill LNG Gap if U.S. Retreats, Baker Hughes Affirms
If the U.S. pulls back from permitting new LNG export plants, demand for the fuel will still be met from projects in Qatar, Argentina and Africa, the CEO of Baker Hughes, the world's largest provider of equipment for the LNG sector, said on Thursday.
Chevron CEO 'Surprised' by Exxon's Arbitration Filing Over Guyana Stake
Chevron was surprised when Exxon Mobil filed for arbitration over Chevron's plans to buy Hess's Guyana oilfield stake, Chevron CEO Michael Wirth said on Tuesday.
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