Central/South America

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.

Goldman Sachs: Global LNG market to grow by 50% by 2029

Growth in oil investment shows signs of peaking in non-OPEC countries, while investment in liquified natural gas (LNG) is expected to increase more than 50% by 2029, according to Goldman Sachs Research.

Argentina government unblocks key Petrobras gas shipment amid supply cuts

Argentina's government, facing domestic gas shortages and targeted service cuts, has unblocked the unloading of a key Petrobras gas shipment, which it added should stabilize local supply.

Hess shareholders sign off on $53 B sale to Chevron

Hess shareholders approved the proposed $53 B merger with Chevron that paves the way for the No. 2 U.S. oil company to gain a prize asset and a foothold in rival ExxonMobil's massive Guyana discoveries.

bp pauses gas-field talks with Venezuela as license expires

Oil major bp has paused discussions with Venezuela on the development of a gas project on the maritime border with Trinidad and Tobago following the expiration of a U.S. license to Venezuela in April.

Developer seeks permit to send U.S. gas to Mexico for LNG exports

A Mexican energy developer is seeking U.S. permission to export gas to Mexico, turn it into liquefied natural gas (LNG) and send it to countries with U.S. free-trade agreements.

Gato Negro Permitium Uno seeks U.S. DOE approval to ship gas to Mexico

Gato Negro Permitium Uno is seeking U.S. permission to export gas to Mexico, turn it into LNG and send it to countries with U.S. free-trade agreements.

Investments surge on strong demand outlook for LNG bunkering

Drewry projects more than 1,000 LNG-fueled vessels to be in service by 2027. However, development of the bunkering infrastructure appears to be lagging in comparison to the growth in fleet as well as the potential demand, which could take a leap of 30 MMtpy by 2028.

Black & Veatch delivers feasibility study for Andes Energy LNG terminal

Global liquefied natural gas (LNG) infrastructure solutions leader Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, LNG regasification terminal and power plant.

Panama Canal in talks with US LNG producers to increase transit

The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for crossings as water levels recover after a prolonged drought

New Fortress delays start of Mexico's first LNG plant to May

New Fortress Energy has delayed the start of its Altamira liquefied natural gas (LNG) plant in Mexico to May and expects to export its first cargo in June after an incident a few days before the country's first LNG export plant was due to begin production.

Karpowership and Petrobras forge strategic alliance to enhance integrated natural gas projects in the Americas

Karpowership and Petrobras have signed a Memorandum of Intent to combine their respective expertise in the natural gas and power sectors to guarantee supply and meet the demand of the energy industry across the Americas.

API announces strategic partnership with the Brazilian Petroleum and Gas Institute

The American Petroleum Institute (API) has signed a memorandum of understanding (MOU) with the Brazilian Petroleum and Gas Institute (Instituto Brasileiro de Petróleo e Gás — IBP). This agreement formalizes an important alliance aimed at strengthening collaboration and technical exchanges between both organizations and our members.

IEEFA: Tidal wave of new LNG supply to flood market amid demand uncertainty

Sluggish demand growth for liquefied natural gas (LNG), combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according to the latest Global LNG Outlook from the Institute for Energy Economics and Financial Analysis (IEEFA).

Steep discounts, new vessels spur demand for LNG to power ships

Demand for LNG to power ships will rise this year on attractive prices, while more dual-fuel vessels join the global fleet, industry executives said.

Mexico's Pemex to hand over natural gas project to business magnate

Mexican state oil firm Pemex has agreed to hand over control of its Lakach natural gas project in the Gulf of Mexico to Grupo Carso, a company belonging to Mexican billionaire Carlos Slim.

Global pipelines construction outlook 2024: New LNG terminals sound call for more pipelines—Part 1

4/16/2024

Mike Reed, Editor-in-Chief, Pipeline & Gas Journal, provides an overview of capital investments in pipeline construction. Part 1 examines capacity builds in North America, and Central and South America.

Global Projects Data

4/16/2024

A quick look at total project numbers by region.

Mubadala-backed Atvos inks deal to build $69 MM biomethane plant in Brazil

Brazilian ethanol producer Atvos has signed an agreement to build a biomethane factory in the state of Mato Grosso do Sul, with investments seen at more than $69.4 MM.

bp in talks to sell some Trinidad upstream gas assets to Perenco

bp is close to an agreement to sell some of its Trinidad and Tobago oil and gas assets to Anglo-French oil company Perenco.