Central/South America

Trinidad's Atlantic LNG restructuring to shrink Shell's stake, boost bp's

Shell's ownership in Trinidad and Tobago's Atlantic LNG facility will shrink, while bp and Trinidad's state-owned National Gas Co will increase their stakes in a restructuring agreement to be signed this week.

Shell authorizes engineering, construction work on Manatee gas field

Shell PLC has authorized contractor McDermott International Ltd to start engineering work on its Manatee gas field development project off Trinidad and Tobago's east coast.

Brazil's Petrobras to invest $102 billion in next five years

Brazil's Petrobras will invest around $102 B within the 2024-2028 period, representing a major boost in expected investments by the state-run oil company.

Colombia's Ecopetrol analyzing possibility of importing natural gas from Venezuela

Colombia's state-owned oil company Ecopetrol is exploring an offer from Venezuela's PDVSA to supply the Andean country with gas from December 2024.

Venezuelan natural gas cooperation could lead to increased LNG and petrochemical exports

Venezuela is working with Shell and the National Gas Co. of Trinidad and Tobago to develop an offshore natural gas field that could boost LNG and petrochemical exports.

LNG export capacity from North America is likely to more than double through 2027

EIA expects North America’s LNG export capacity to expand to 24.3 Bcfd from 11.4 Bcfd today as Mexico and Canada place their first LNG export terminals into service and the United States adds to its existing LNG capacity.

New Fortress sees first LNG from Mexico Altamira export plant by end Q4

U.S. energy company New Fortress Energy said on Wednesday it expects to produce first LNG at its Altamira export plant in Mexico by the end of the fourth quarter.

New Fortress to charter FSRU for LNG import terminal in Brazil

LNG developer New Fortress Energy said it has signed a deal to charter a FSRU from Brazil's Petrobras starting in December.

New Fortress Energy says considering an onshore LNG facility in Mexico

New Fortress Energy disclosed it is weighing a LNG export facility in Mexico that would be an onshore complement to its offshore project.

New Fortress Energy may need to reapply for Mexico LNG permit

The U.S. Department of Energy has warned New Fortress Energy if any portion of its Altamira floating LNG project is located onshore Mexico, the company will have to resubmit its application for an export permit.

Mitigating Corrosion Under Insulation (CUI) with Liquid Coatings

The hidden dangers of corrosion under insulation (CUI) span the oil and gas industry from upstream operations to midstream infrastructure to downstream applications, including the production of liquified natural gas (LNG).

IEA says "unprecedented" supply surge could lead to LNG glut from 2025

An expected strong rise in LNG production capacity will ease prices and gas supply concerns, but also risks creating a supply glut.

U.S. grants license amendment to Trinidad for joint gas project with Venezuela

The United States has granted an amendment requested by the government of Trinidad and Tobago to a license allowing the joint development of an offshore gas project with Venezuela.

Trinidad to sign Atlantic LNG restructuring agreement next month

An agreement to restructure Trinidad and Tobago's flagship LNG project will be signed by its owners in London next month.

Seaspan and AES sign MoU to collaborate on LNG bunkering business development

In the framework of the 3rd International LNG Global Forum, held in Cartagena, Colombia, Seaspan has signed a Memorandum of Understanding with global energy company, AES.

ADNOC top exec says oil and gas could remain relevant until 2050

Oil and gas will remain a relevant part of the energy mix until potentially 2050, Musabbeh Al Kaabi, Executive Director of Low Carbon Solutions and International Growth at Abu Dhabi National Oil Company said during an energy conference in Abu Dhabi.

Mexico's first LNG plant to receive final piece in days

The last major piece of infrastructure needed to start production at Mexico's first floating LNG plant is set to depart from a Texas shipyard next week, the U.S. Coast Guard said in a notice to shippers.

Technip Energies launches SnapLNG by T.EN, a solution for low-carbon and accelerated time to market LNG production

Technip Energies presents SnapLNG by T.EN, an innovative modular, pre-engineered and standardized solution for LNG decarbonized production and accelerated time to market with unparalleled certainty and plant reliability.

Three countries began importing LNG this year, and more will follow

Global LNG import capacity is set to expand by 16%, or 23 Bcf/d, by the end of 2024 compared with 2022.

bp urges more gas and oil investment while speeding energy transition

Global oil major bp said the world must invest in the production of gas and oil to avoid sharp price spikes while accelerating the energy transition to combat greenhouse gas emissions.

U.S. natural gas pipeline exports to Mexico set a monthly high in June 2023

U.S. natural gas pipeline exports to Mexico averaged a record 6.8 billion cubic feet per day (Bcf/d) for June 2023, which is 0.1 Bcf/d greater than the previous record set in June 2021.

U.S. natural gas exports to Mexico hit monthly record in June- EIA

U.S. natural gas pipeline exports to Mexico averaged around a record of 6.8 bcfd in June, driven by hot weather which increased demand in Mexico's electric power sector, according to the Energy information Administration.

ConocoPhillips signs 20-year LNG supply deals with Mexico Pacific

ConocoPhillips has signed 20-year deals to receive a collective 2.2 million tons of LNG a year from Mexico Pacific's Saguaro export facility, the U.S. oil and gas producer said.

Venezuela-Trinidad gas project talks hit sticking point over terms

Negotiations between Venezuela and Trinidad and Tobago to jointly develop an offshore gas field near the maritime border have hit a sticking point following Venezuela's refusal to accept the terms of a U.S. license, the Caribbean nation's Prime Minister Keith Rowley said.

Venezuela expects to sign gas licenses by year-end

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

Argentina turns away Gunvor-chartered LNG tanker, citing sanctions

A tanker containing liquefied natural gas 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.

EU considers gas imports from Argentina

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

Cheniere shunning Panama Canal for longer LNG routes to Asia

Top U.S. LNG exporter Cheniere Energy is shunning the Panama Canal to transport liquefied natural gas to Asia because the market is not supporting use of the waterway, said Chief Operating Officer Corey Grindal.

Brazil's Eletrobras to sell gas-fired power plants

Brazilian power company Eletrobras has begun structuring a process to sell its gas-fired power plants, in line with a goal of reaching net-zero carbon emissions, it said.

Trinidad and Tobago signs preliminary LNG agreement with Suriname

Suriname said it signed a memorandum of understanding with Trinidad and Tobago that aims to increase energy cooperation, and people familiar with the matter said it could lead to natural gas from Suriname being piped to Trinidad and Tobago.