An explosion and fire at a PDVSA-linked gas processing facility in Venezuela’s Lake Maracaibo injured six workers and renewed concerns over aging energy infrastructure.
YPF submitted a $25 billion Vaca Muerta oil export development under Argentina’s RIGI incentive program as the country pushes to expand shale production and exports.
Citgo returned to profit in the first quarter as refinery throughput and crude processing rates climbed to near full utilization across its U.S. refining system.
A gas pipeline explosion in São Paulo killed one person and damaged dozens of structures after construction crews reportedly struck a gas line during infrastructure work.
Santos and its PNG LNG partners approved a new 19-km gas pipeline tie-in project that will connect the Agogo production facility to existing LNG infrastructure in Papua New Guinea.
TGS is advancing a major Vaca Muerta NGL infrastructure project that includes a new 358-mile liquids pipeline and expanded export capacity in Argentina.
Venezuela’s oil exports reach their highest level since 2018, as shipments increase across global markets and crude flows expand to new and returning buyers.
Eni and Repsol are planning to boost output at Venezuela’s Cardon IV gas field, with drilling and infrastructure upgrades aimed at increasing supply.
Argentina has awarded Naturgy a contract to supply an LNG cargo to its Escobar FSRU, helping ensure gas supply during peak winter demand.
Pluspetrol is seeking incentives for a $12 billion Vaca Muerta development that includes new pipelines, processing plants and large-scale oil and gas production growth.
A major gas pipeline rupture in Peru that disrupted national supply followed years of regulatory warnings over landslides, erosion and maintenance failures, according to government records.
Eni and Repsol are in discussions with PDVSA over potential gas exports from Venezuela’s Cardon IV field, though no agreement has been finalized.
Chevron is exiting offshore gas positions in Venezuela in exchange for larger stakes in Orinoco heavy oil projects. The move shifts focus away from gas development, raising questions about future supply from cross-border fields.
Chevron and Shell are expected to sign new agreements in Venezuela covering offshore gas and heavy crude assets, including the Loran gas field and Orinoco Belt projects. The deals could expand foreign participation in Venezuela’s energy sector and support regional gas and crude development.
Venezuela’s delay in releasing new oil contract terms is slowing investment decisions, as companies await clarity on production-sharing agreements and tax rules.
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