Central & South America

Pipeline Fire Ignited by Gas Leak Leaves Five Injured in Ecuador

Ecuadorean state oil company Petroecuador said on Thursday five people were injured in a fire caused by a leak in a pipeline that carries gas to a refinery in the South American country's Amazon region.

Trinidad Soon to Decide on Bids for Deepwater Gas Exploration Auction

Trinidad and Tobago's Cabinet will make a decision soon on bids submitted for four deepwater exploration blocks that are key to expanding its natural gas production, Energy Minister Stuart Young said.

Argentina’s YPF Nearly Triples Q3 Profit on Upped Production, Prices

Argentina's national oil company YPF reported on Wednesday it nearly tripled its third-quarter net profit compared to the same period last year as production and prices rose.

Gas Producer Pampa to Invest $550 Million in Vaca Muerta Shale Push Next Year

Pampa Energía, the third largest gas producer in Argentina's Neuquén basin, will invest $550 million in 2023 to increase its unconventional production from the huge Vaca Muerta shale formation, the firm's president Marcelo Mindlin said.

Trinidad Asks US to Allow Venezuelan Gas Imports for LNG Plant

The government of Trinidad and Tobago is asking the United States to authorize Venezuelan gas imports to restart an idled liquefaction train in the Caribbean nation, four sources close to the talks said.

Trinidad Plans LNG Hub to Help Caribbean Wean Off Oil

Trinidad and Tobago's state-owned gas company has started work on designing a small-scale LNG hub that could help the Caribbean move away from oil-based power generation

Argentina Readies Legislation to Advance Energy Sector, Including LNG Exports

Argentine President Alberto Fernandez on Wednesday said his government plans in coming days to submit legislation to the national congress that "would give certainty" to energy producers and help advance Argentina's LNG agenda.

TotalEnergies to Support New Gas Project in Argentina with 21-Mile Pipeline

The Fenix field will be developed through three horizontal wells, drilled from a new unmanned platform in 70 m (229 ft) water depth. The gas will be transported through a 35-km (21-mile) pipeline to the TotalEnergies-operated Véga Pleyade platform and treated onshore at the Rio Cullen and Cañadon Alfa plants, also operated by the company.

Pipeline Operator Oldelval to Invest $750 Million in Argentina’s Vaca Muerta Pipeline

Argentine oil pipeline operator Oleoductos del Valle (Oldelval) will invest $750 million to double its transport capacity from the Vaca Muerta shale formation, the country's energy ministry announced Friday, hoping to boost exports and dollar reserves.

Sources: YPF, Petronas Expected to Enter Deal to Build New Gas Pipeline in Argentina

Argentine oil company YPF and Malaysian state energy firm Petronas are in talks over plans to build a new gas pipeline in the South American nation and an LNG plant, a source close to YPF told Reuters on Thursday.

Peru Court to Hear $4.5 Billion Lawsuit Against Repsol Over Pipeline Oil Spill

A Peruvian judge on Tuesday admitted a $4.5 billion lawsuit against Spanish oil firm Repsol SA, eight months after an underwater oil pipeline owned by the company caused a spill of over 10,000 barrels into the Pacific Ocean.

Exxon Mobil Awards TechnipFMC Contract for Gas to Energy Project in Guyana

TechnipFMC has been awarded a contract by an Exxon Mobil affiliate to provide engineering, procurement, construction and installation of subsea risers and pipelines for its gas-to-energy project in Guyana.

Venezuela's Oil Minister Denounces Attack on Gas Pipeline

Technical personnel at Venezuela's state-run oil company PDVSA and firefighters were putting out a fire on a natural gas pipeline in the country's east, Oil Minister Tareck El Aissami said on Twitter on Sunday.

Argentina’s Gas Pipeline Project Receives Backing, Enters Construction Phase

Argentina will take a key step on Friday in the construction of a major new natural gas pipeline for its huge Vaca Muerta shale formation, vital to helping the South American country reverse a deep energy deficit that is costing it billions of dollars.

Russia’s War on Ukraine Rippling Through Latin America

In Latin America, the effects of the war in Ukraine are having a major impact on the fragile economies that are still gradually recovering from the pandemic.

Argentina Contracts Tenaris for 350-Mile Pipeline Project to Move Gas from Vaca Muerta

Energia Argentina has signed a contract with Tenaris to complete the 563-km (350-mile) Presidente Nestor Kirchner Gas Pipeline, which will transfer natural gas from the Vaca Muerta shale formation and allow Argentina to forgo costly LNG imports.

Sources: US to let Eni, Repsol Ship Venezuela Oil to Europe for Debt

Eni and Spain's Repsol SA could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian crude, resuming oil-for-debt swaps halted two years ago when Washington stepped up sanctions on Venezuela.

Argentina Announces Tender to Build New Vaca Muerta Gas Pipeline

Argentina has launched a tender process to build a new 563-km (350-mile) gas pipeline out of its huge Vaca Muerta shale formation that is estimated to cost $1.5 billion and take about 18 months of work to complete.

In Latin America, Peru Streaks Ahead in LNG Race to Europe as Trinidad Stumbles

As liquefied natural gas (LNG) producers try to take advantage of a global energy shift triggered by Europe's move to become independent from Russian gas, Latin America's only two LNG exporters are moving in opposite directions.

Argentina Easing Energy Firms' FX Access to Spur Vaca Muerta Development

Argentina is easing access to foreign currency for oil and gas companies that increase production in the South American country, part of a bid to accelerate the development of the huge Vaca Muerta shale formation and trim reliance on costly imports.

Canacol Nears Construction Phase for $560 Million Colombian Gas Pipeline Project

Colombian gas producer Canacol is on track to begin construction on the Jobo-Medellín natural gas pipeline having received final binding offers from four interested contractors in March.

Equinor, Exxon Expand Brazil Oil Operations, Discuss Building 100-Mile Gas Pipeline

Equinor and Exxon Mobil Corp. have taken the first steps to expand an $8 billion oil development off Brazil's coast and are considering adding a more than 100-mile-long gas pipeline as part of the next phase of the expansion.

Spain's Gas Imports Rise 16% Driven by Seaborne LNG Purchases

Spain's natural gas imports in March rose 16% from a year earlier, driven by more purchases of seaborne LNG, government data showed on Monday.

Deadly Explosion Rocks Hotel in Cuba, Gas Leak Suspected

A deadly explosion hit a well-known hotel in downtown Havana on Friday, tearing a gash several floors high into the side of the building, killing at least eight people and sending another 30 to hospital, witnesses and Cuban state media said.

Argentina Seeking $10 Billion Investment to Jump-Start LNG Exports

Argentina, battling a deep and costly energy deficit, is looking to attract some $10 billion in private investment to help it jump-start exports of liquefied natural gas (LNG) by 2027.

Bolivia Gas Deal to Save $769 Million, Replace LNG Imports

Argentina's new deal with Bolivia to up natural gas imports will bring savings of $769 million in foreign-exchange reserves and replace 14 vessels of increasingly expensive LNG.

Argentina Seeks Bolivia Gas Boost as LNG Costs Soar — Sources

The South American country is looking for alternative gas supplies after being hit hard by rising LNG costs linked to the war in Ukraine, which threaten to leave it mired a deep energy trade deficit this year.

Argentine Gas Suppliers Say New Pipeline Will Reverse Deep Energy Deficit

The pipeline is estimated to take 18 months to build with public investment of $1.59 billion and will unlock more domestic capacity from the Vaca Muerta Formation.

ASCO Awarded Logistics Contracts at Waitsia Field

Logistics management company ASCO has been awarded two, five-year contracts with Mitsui E&P Australia for storage and camp management at the company’s Stage 2 Development campaign at the Waitsia gas field project.

Petrobras and EIG Near Deal for Bolivia-Brazil Gas Pipeline

State-run Brazilian oil company Petrobras is close to reaching an agreement to sell to U.S. private equity firm EIG Energy Partners control of a natural gas pipeline that connects Bolivia and southern Brazil.