Central/South America
KBR awarded engineering and procurement services contract for Shell’s Manatee gas project
KBR has been awarded an engineering and procurement services contract for the Beachfield Manatee upgrade, the onshore portion of the Manatee gas field project.
Gas line connection to Exxon's FPSOs in Guyana completed
A pipeline that would allow Guyana to bring natural gas produced by an ExxonMobil-led consortium to shore has been connected to two of the project's floating production platforms.
The Gulf Energy Information Excellence Awards 2024 winners honored at live Houston gala
The 2024 Gulf Energy Information Excellence Awards was held on Wednesday evening at the Post Oak Hotel in Houston, Texas (U.S.). The black-tie gala recognized the energy industry’s leading innovations and thought leaders.
Aramco to up stake in EIG's MidOcean to 49%, fund new stake in Peru LNG
Saudi Aramco will increase its stake in liquefied natural gas (LNG) firm MidOcean Energy to 49% and fund its acquisition of a new 15% stake in Peru LNG from Hunt Oil Company.
New Fortress Energy receives non-FTA approval for its Mexico FLNG project
New Fortress Energy Inc. announced that it has received authorization from the United States Department of Energy to export up to ~1.4 MMtpy of LNG to non-Free Trade Agreement countries from its Fast LNG 1 (FLNG 1) asset located offshore Altamira, Mexico for a term of five years.
North American LNG capacity to more than double by 2028
North America’s LNG export capacity is on track to more than double between 2024 and 2028, from 11.4 billion cubic feet per day (Bcfd) in 2023 to 24.4 Bcfd in 2028, if projects currently under construction begin operations as planned.
Mexico Pacific announces long-term LNG SPA with POSCO International
Mexico Pacific, owner of the Saguaro Energía LNG facility and associated Sierra Madre Pipeline, announced that it has signed a sales and purchase agreement of 700,000 tpy of LNG with POSCO International Corporation.
Amigo LNG secures supply agreement with E&H Energy
Amigo LNG announced that it has entered into a long-term LNG supply agreement with E&H ENERGY SDN BHD of Malaysia.
Brazil's fossil push undermines Lula's green ambitions
Brazil is positioning itself as a leader in the global transition towards clean energy, with hydropower as its top source of electricity, wind and solar growing rapidly, and renewables fueling a quarter of its transport. But Brazil has also invested heavily in fossil fuels, and the government plans to turn the country from world's seventh biggest oil producer into its fourth by 2030.
NFE's Altamira LNG sends first LNG cargo from Mexico
New Fortress Energy shipped an initial cargo this month from its Altamira FLNG production vessel in Mexico.
GFI LNG, Pilot LNG form JV to develop Salina Cruz LNG project in Mexico
The Salina Cruz LNG JV will develop, construct and operate an LNG bunkering and transshipment terminal in Salinas del Márquez, Salina Cruz, Oaxaca, Mexico. Strategically located on the Pacific side of the Panama Canal, the project is ideally positioned to supply North and Central American bunker and fuel markets.
Whoever wins election, Venezuela faces natural gas problem
Griselda Ascanio keeps an improvised wood-burning stove ready in her backyard in Maracay, 120 kilometers (75 miles) from Venezuela's capital, for the frequent gas-supply interruptions that make it difficult to cook.
New Fortress Energy announces closing of $700-MM loan for second FLNG vessel
New Fortress Energy announced that after successfully producing LNG at its first FLNG unit, it has closed its previously announced $700-MM loan for its second FLNG unit to be located in Altamira, Mexico.
In gas-rich Venezuela, next president faces problem of producing it
While it sits atop the world's eighth-largest natural gas reserves and the biggest in Latin America, Venezuela's output fell to 4 Bft3d this year from almost 8 Bft3d in 2016.
Brazil's TAG, Eneva to connect LNG pipeline to private terminal in October
Brazilian energy firm TAG plans to start operations of a new pipeline section in October that will connect the country's largest pipeline network to Eneva's liquefied natural gas (LNG) storage terminal in Sergipe state.
Puerto Bahía and GASCO agree to pursue LPG project in Cartagena, Colombia
Frontera Energy Corp. has announced that its subsidiary, Sociedad Portuaria Puerto Bahía S.A. and Gasco Soluciones Logísticas y Energéticas S.A.S. (GASCO) have entered into a framework collaboration agreement to jointly pursue a liquified petroleum gas (LPG) project at Puerto Bahía's state-of-the-art liquids and dry cargo port terminal strategically located in the Bay of Cartagena, Colombia.
Chart Industries’ IPSMR® process technology delivers first LNG at New Fortress Energy’s Fast LNG project
Chart Industries Inc., a leading global solutions provider to clean energy and industrial gas markets, has announced that its Integrated Pre-Cooled Single Mixed Refrigerant (IPSMR®) process technology has delivered first liquefied natural gas (LNG) at New Fortress Energy Inc.’s initial Fast LNG (FLNG) asset located offshore Altamira, Mexico.
Bolivia govt. announces natural gas "mega field" in biggest discovery since 2005
Bolivian President Luis Arce has announced the discovery of a 1.7-Tft3 natural gas reserve located north of the country's administrative capital, La Paz.
Mexico–U.S. energy trade value fell in 2023 on lower fuel prices
The value of all energy trade between the U.S. and Mexico decreased almost 15% from $77.8 B in 2022 to $66.5 B in 2023, adjusted for inflation.
Shell's bet on gas boom takes shape with string of deals
Shell has replaced liquefied natural gas (LNG) volume it lost after exiting Russia in 2022 with a string of deals that underpin CEO Wael Sawan's bet on growing demand for the fuel as he reduces the focus on renewable energy.
bp Energy Outlook: Two main scenarios see 2025 oil peak, rapid renewables growth
bp expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 the company published on Wednesday.
Global LNG trade increased more than 1.6 Bcf/d in 2023
LNG trade increased 3.1% globally in 2023 to average 52.9 Bcft/d, an increase of 1.6 Bcf/d from 2022, according to a report from the International Group of Liquefied Natural Gas Importers (GIIGNL).
Engie to partner with Macquarie in Mexican pipeline project
French energy company Engie has agreed to partner with Australian infrastructure investor Macquarie Asset Management to expand the Mayakan natural gas pipeline in Mexico.
Shell boosts LNG business with Manatee FID in Trinidad and Tobago
Shell Trinidad and Tobago Ltd. (Shell), a subsidiary of Shell Plc., has taken a final investment decision (FID) on the Manatee project, an undeveloped gas field in the East Coast Marine Area (ECMA) in Trinidad and Tobago.
Golar LNG signs 20-yr floating LNG vessel deal in Argentina
Golar LNG has partnered with Pan American Energy to deploy a floating liquefied natural gas (FLNG) vessel for 20 yr to export domestic natural gas as LNG from Argentina.
Bolivia seeks oil and gas investment, Russia's help to solve energy crunch
Bolivian state energy firm YPFB is looking to improve conditions for investment in the country's flagging oil and gas sector and seeking help from Russia to overcome recent fuel shortages.
Fulcrum LNG to pair with McDermott, Baker Hughes for Guyana gas project
A proposed large natural gas project in Guyana by U.S. energy developer Fulcrum LNG includes partnerships with U.S. oil service company Baker Hughes and engineering firm McDermott.
Panama Canal traffic to increase as drought conditions ease
The Panama Canal Authority (APC) has announced that it will increase the number of daily booking slots for vessels transiting the Panama Canal to 35 in August, easing rules that restricted shipping traffic through the narrow waterway since last year.
New DNV survey highlights oil and gas sector paradox
The latest DNV survey, “The Paradox of Petroleum—How the oil and gas sector is transforming through uncertainty,” gathered insights from nearly 450 senior oil and gas professionals to examine rapidly evolving trends and the near-term outlook for the sector.
New Fortress Energy to deliver first LNG cargo from Altamira, Mexico plant in July
NFE today updated the timing of its first LNG expectation for its first Fast LNG unit located offshore Altamira, Mexico.
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Golar LNG signs EPC deal for $2.2-B MK II FLNG conversion project
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
