Central & South America

Brazil's Ocyan to Renovate Petrobras Gas Pipeline for $317.5 Million

Brazilian oil and gas services provider Ocyan has won a contract with state-run oil firm Petrobras to revitalize a network of gas pipelines in the offshore Campos Basin for $317.49 million, Reuters reported on Monday.

Eagle LNG Delivers First LNG Carrier for Caribbean Basin Service

(P&GJ) — Eagle LNG Partners LLC has announced the successful delivery of its first LNG carrier, the Coral Favia, from Anthony Veder. The 10,000 cubic meter LNG supply vessel is the first of a planned fleet from Eagle LNG offering LNG supply and bunker services for the Caribbean basin.

Trinidad to Sign Atlantic LNG Restructuring Deal, Boosting Gas Processing

The deal is expected to simplify the ownership structure of the Atlantic LNG project, with Shell and BP soon to hold 45% each and Trinidad's state-run National Gas Company (NGC) holding the remaining 10%.

Global News September 2023

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Shell and Trinidad's National Gas Company Sign New Supply Agreement

Shell Plc on Friday signed an agreement to supply Trinidad and Tobago's National Gas Company (NGC) with natural gas through 2036, including from the yet-to-be developed Manatee offshore field, according to the state gas company.

Peru Pipeline Workers Unearth Ancient Children's Cemetery

Peruvian workers unearthed eight bundles of funeral belongings believed to be around 1,000 years old while installing a gas pipeline in capital Lima, archaeologists said on Friday, saying the site likely marked a children's cemetery.

TotalEnergies to Start Gas Production at Argentina's Fenix Field in 2024

France's TotalEnergies will start drilling at the Fenix field off the southern Argentine province of Tierra del Fuego in March 2024, and expects to start production the following November, Vice President Catherine Remy said.

Venezuela's Maduro Seeks to Renew Beijing Ties Amid China-West Tensions

Venezuela's President Nicolas Maduro arrived in China on Friday, his first visit in five years, to renew engagement between the two countries as China's ties sour with the West and the South American country seeks fresh financing.

Brazil's Petrobras Signs Agreements with Compagas for Natural Gas Supply

Brazil's state-run oil company Petrobras has signed contracts for the supply of natural gas with gas company Compagas for around $1.28 billion, Compagas told Reuters on Tuesday.

Shell, Trinidad Weigh Venezuela's Natural Gas Investment Demands

Shell and Trinidad and Tobago's National Gas Company (NGC) are close to agreeing to credit Venezuela's state-run oil firm for its $1 billion investment in a gas field the three want to jointly develop, four people close to the discussions said.

Argentina's Vaca Muerta Injects Record Gas as New Pipeline Boosts Capacity

Argentina's southern Neuquen province, home to the Vaca Muerta shale formation, has posted a record daily amount of gas injected into the country's pipeline system, topping 100 million cubic meters daily.

Global News August 2023

Latest industry developments from around the world!

Brazil Mulls Tax Incentives for Green Hydrogen Projects

Brazil is mulling granting tax incentives for green hydrogen production, a key step for the energy sector to ignite renewable fuel projects and keep pace with international competitors investing in the sector, experts and sources told Reuters.

Argentina Launches Tender for Vaca Muerta Pipeline Work to Move Local Gas Supply

Argentina has launched a tender for new works to reverse the flow of natural gas on a major pipeline designed to transport Vaca Muerta shale production to the north of the country, a spokesperson for state-owned energy company ENARSA said on Friday.

COFCO Brings Brazil's First Biodiesel Pipeline Online

The Brazilian unit of China's COFCO International started operating the South American country's first biodiesel pipeline connecting its plant in Rondonopolis, at the heart of Brazil's farm country, to nearby distributors.

Venezuela’s PDVSA Fails to Curb Oil Leaks, Gas Flaring Despite Pledges

Venezuelan state oil company PDVSA has failed to make any dent in its oil spill or gas flaring woes, despite nascent promises of environmental clean-up by President Nicolas Maduro's government, according to people within the company, industry sources and an internal company document seen by Reuters.

Brazil Studying Some $30 Billion in Low-Carbon Hydrogen Projects, Secretary Says

Brazil is studying some $30 billion in projects looking to produce low-carbon hydrogen, an official from the country's mines and energy ministry said on Wednesday, estimating the country has a potential output of 1.8 billion metric tons.

Argentina's Neuquen Hits Oil Export Record with Vaca Muerta Boost

In June, Neuquen, Argentina, exported a record 2.77 million barrels of oil, fueled by higher Vaca Muerta formation production. With a newly active pipeline linking Neuquen to Buenos Aires since early July, the region is poised for increased natural gas transport.

Venezuela Appoints New Gas Vice President at State Company PDVSA

Venezuela has appointed a new vice president at PDVSA who will lead the state company's gas operations, a key move as the South American country negotiates licenses with foreign companies to develop its mostly untapped natural gas reserves.

354-Mile Vaca Muerta Pipeline Needs Investment to Deliver Argentina's Gas Dreams, Experts Say

Argentina could export the same amount of gas it consumes — about 2 trillion cubic feet (Tcf) — annually, but that would require investments of $40 billion, Javier Iguacel, Argentina's former energy minister, said.

Venezuela Expects to Sign Gas Licenses by Year-End, Oil Minister Says

Venezuelan expects to sign licenses by year-end for developing the nation's vast natural gas reserves, oil minister Pedro Tellechea said on Friday, even amid U.S. sanctions.

Argentina Turns Away Gunvor-Chartered LNG Tanker, Citing Sanctions

A tanker containing LNG that originated from a Russia supplier and was loaded onto a Gunvor Group-chartered vessel off the coast of France was turned away this week by Argentine energy firm Enarsa, according to officials.

Global News July 2023

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Global Construction Update: LNG Markets, Resurgent China Kindle Pipeline Projects

(PGJ) — Global midstream markets continue to face near-term headwinds and economic uncertainties, but Europe’s rapid transition from Russian energy and projected higher demand in Asia continue to drive midstream expansion in those regions and others that supply them.

EU Considers Gas Imports from Argentina, Document Shows

The European Union is considering possible gas imports from Argentina, a net gas importer that plans to expand domestic production, a draft document showed.

Brent Oil Hovers Above $81 After Supply Disruptions

Global benchmark Brent crude hovered above $81 a barrel on Friday, with bullish sentiment over U.S. demand bolstered by supply disruption in Libya and Nigeria.

Argentina Inaugurates Key Gas Pipeline to Reverse Energy Deficit

The completion of the first stage of the gas pipeline, which starts in Neuquen province and reaches Buenos Aires province, adds 11 million cubic meters of gas per day.

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.