Central & South America
Trinidad and Tobago Signs Preliminary Energy Agreement with Suriname
Trinidad and Tobago has been searching for ways to expand its natural gas supplies. The Caribbean nation can process some 4.2 Bcf/d of gas into LNG and petrochemicals, but its current output is less than 2.7 Bcf/d of gas, according to government statistics.
Russian Firm Asks Venezuela to Match Chevron Oil-for-Debt Deal
A Russian oil firm is asking Venezuela's state-run company PDVSA for permission to take control of exports from their joint ventures to revive cash flow from the five companies, which have been hard-hit by U.S. sanctions, two people involved in the talks said.
Trinidad to Restart Idled LNG Unit by Early 2027 Amid Restructuring
Trinidad and Tobago aims to restart an idled LNG unit by the first quarter of 2027 after agreeing to restructure the facility's ownership and negotiate new gas supplies, according to three people with knowledge of the plans.
Russia's Novatek Offered Argentina Know-How to Liquefy Gas from Vaca Muerta
Last year, Russia's largest producer of LNG Novatek offered technology to build a plant to produce the gas from Argentina's Vaca Muerta field, a highly-placed source familiar with the proposal said. However, the talks have since broken off.
IDB Approves $400 Million Loan to Develop Chile's Green Hydrogen Industry
The green hydrogen industry is an opportunity for Chile, the development bank said, due to Chile's ability to produce renewable energy at low cost.
Colombia Cano Limon-Covenas Oil Pipeline Bombed
Colombia's Cano Limon-Covenas pipeline was bombed by unknown actors, operator Cenit said in a statement on Tuesday, prolonging the suspension of pumping crude between oil fields in the country's northeast and the Caribbean coast, where the oil is exported.
Venezuela, Trinidad to Meet Again in June to Discuss Dragon Gas Project
Venezuela and Trinidad and Tobago will continue negotiations on jointly developing a dormant offshore natural gas field, with a meeting scheduled for mid-June in Caracas, according to three sources familiar with the matter.
Spotlight on Argentina: Projects to Strengthen Gas Service in Northern Region
(P&GJ) — The government of Argentina decided to accelerate the reversal works of the Northern Gas Pipeline, which will guarantee supply to the entire north of Argentina, as well as allowing for exportation to Chile from the Vaca Muerta.
Argentina Seeking New Vaca Muerta Pipeline Work to Move Local Gas Supply
Argentina's government will next week call for bids to reverse the flow of natural gas on a major pipeline designed to transport Vaca Muerta production to the north and center of the country, Economy Minister Sergio Massa said on Friday.
Chile, Argentina’s YPF Ink Deal to Import Oil via Trasandino Pipeline
The contract, which is valid for 45 days, would enable the Chilean firm to buy 41,000 barrels of oil per day between May and June.
Equinor, Partners to Invest $9 Billion in New Gas Field Off Brazil
Gas from the offshore field will be directly injected into the national gas grid via a 200-km (124-mile) pipeline landing at the city of Macae in the state of Rio de Janeiro.
US LNG Exports Go Full Steam Ahead, Sales to Latin America Rise
U.S. producers of LNG exported at top capacity in April for a second consecutive month, with over two-thirds of shipments bound for Europe and rising volumes to Latin America, data showed on Monday.
Global News May 2023
Latest industry developments.
Hess, Exxon Make New Oil Discovery in Guyana’s Stabroek Block
The discovery on the group's Stabroek Block is the latest of more than 30 in the South American country's offshore waters since 2015. Hess holds a 30% stake in the consortium and said the discovery may help justify a new oil project.
Unable to Process Venezuela's Heavy Oil, Cuba Turns to Russia, Mexico
Cuba increasingly is turning to Russia and Mexico for oil to ease an acute shortage of diesel and gasoline and supplement dwindling supplies of Venezuelan crude and fuel, according to shipping data and sources.
Cenit: Colombia's Transandino Oil Pipeline Bombed
The Transandino Pipeline runs along Colombia's border with Ecuador, taking up to 85,000 barrels of crude per day to an export terminal in Tumaco, a Pacific port in the country's Narino province.
Colombia's Cano Limon-Covenas Pipeline Attacked for Ninth Time in 2023
The suspension of pumping operations at Colombia's Cano Limon-Covenas oil pipeline will be prolonged after a new bombing attack damaged its infrastructure in the country's Arauca province, oil transportation company Cenit said.
Tech Notes: Unpiggable In-Line Inspection Completed in South America
(P&GJ) — A team of Dexon pipeline engineers recently completed the inspection of a 20-mile (32-km), 3-inch diameter unpiggable or “challenging” underground petrochemical distribution pipeline, running from an onshore processing facility to a port on the South American coast.
G7 Climate Ministers Drop Language on Growing LNG Demand in Draft
Climate ministers of the Group of Seven countries have backtracked for now on earlier language touting growing future demand for LNG, instead noting there may be "considerable uncertainty" for consumption.
Global News April 2023
US LNG exports hit record as Freeport production returns, Granholm says refilling US strategic petroleum reserve could take years, EU Nations seek legal option to stop Russian LNG imports, Oil firms halt or cut output in Iraqi Kurdistan, and more!
Uganda Approves Construction of 898-Mile Crude Pipeline
Uganda approves construction of 898-mile crude pipeline, Biden backs scaled-back ConocoPhillips Alaska oil project, construction of 106-mile gas pipeline to Serbia underway, Coastal GasLink pipeline costs expected to top $10 billion and more.
Colombia Cano Limon-Covenas Oil Pipeline Pumping Suspended for 12 Days
Oil transportation company Cenit, a wholly owned subsidiary of Colombia's majority state-owned energy company Ecopetrol, has suspended pumping operations along the Cano Limon-Covenas pipeline for 12 days as of Tuesday due to attacks on the infrastructure, it said.
Spotlight on Brazil: Government Promotes Five New Gas Pipelines
(P&GJ) — A division of Brazil's Ministry of Energy recently published a document outlining a plan for $4 billion in investments to finance the construction of five gas pipelines focusing on gas flow from the Sergipe-Alagoas basin and gas from the pre-salt field.
Brazil's Petrobras, Shell to Look for Joint Drilling Opportunities
Brazilian state-run company Petrobras and international oil major Shell will work together to identify potential opportunities to explore for and produce crude and natural gas, Petrobras said on Thursday.
Ecopetrol: With Reserves of Its Own, Colombia Does Not Need Venezuela's Gas
Colombia can go without Venezuelan natural gas because of promising offshore developments of its own, Felipe Bayon, chief executive of state-controlled oil company Ecopetrol, told Reuters.
YPF CEO: Green Light for Argentina's Gas Project with Petronas to Come in 2024
Argentina's state-controlled energy firm YPF and Malaysia's Petronas expect to make a final decision next year on whether to invest in the first phase of a massive $60 billion natural gas project in Argentina, the head of YPF said on Wednesday.
Ecopetrol: Colombia Oil Pipeline Attack Causes Environmental Damage
An attack on an oil pipeline near a refinery in the Colombian city of Barrancabermeja has led to environmental damage but caused no injuries, majority state-owned oil company Ecopetrol said.
Guyana Sees Natural Gas as The Next Frontier After Oil
Guyana, the South American country that is home to the world's largest oil discoveries in a decade, next wants to develop its mostly untapped natural gas reserves, Vice President Bharrat Jagdeo said on Sunday.
Global News - March 2023
Latest industry news and developments
Trinidad to Begin Negotiations for Gas Deal with Venezuela in March
A deal would help revive the nation's gas production, which contributes a large part of its export revenue and has been in decline. The joint venture could supply gas to Trinidad's liquefied natural gas and petrochemical industry.
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