Central/South America

Kinder Morgan remains bullish on natural gas demand growth

Kinder Morgan said it continues to have a bullish outlook for natural gas demand banking on higher demand from LNG export facilities and increased exports to Mexico.

Petronas seeks fiscal incentives to develop Suriname gas project

Suriname should boost incentives for energy companies looking to develop oil and gas discoveries.

Gas exporting group sees tight global LNG markets until 2026

The Gas Exporting Countries Forum sees tight global LNG markets until 2026 as demand rises 1.5% this year and up to 22% through 2050.

Gas, LNG prices to remain relatively weak in 2024 amid subdued demand

Global prices of gas and LNG are expected to remain relatively weak in 2024, with demand subdued due to high storage levels in Europe and Asia and a mild Northern Hemisphere winter.

Exxon to buy another 1.2 MMtpy of LNG from Mexico Pacific

Mexico Pacific said that it will supply ExxonMobil with an additional 1.2 MMtpy of LNG.

Constellation's Everett takes LNG delivery from Trinidad

U.S. energy group Constellation Energy's Everett LNG import plant in Massachusetts took delivery of LNG from Trinidad over the weekend.

Air Liquide presses Mexico for answers after the government confiscated hydrogen plant

French industrial gas manufacturer Air Liquide is seeking answers from the Mexican government after it took control of a hydrogen processing plant in Hidalgo state.

TechnipFMC awarded major iEPCI contract by Petrobras for Mero 3 HISEP project

TechnipFMC has been awarded a major integrated Engineering, Procurement, Construction, and Installation contract by Petrobras to deliver the Mero 3 HISEP project, which uses subsea processing to capture carbon dioxide-rich dense gases and then inject them into the reservoir.

Engie Brasil sells 15% stake in gas pipeline firm TAG to Canada's CDPQ

Engie Brasil said it had reached a deal to sell a 15% stake in natural gas pipeline firm TAG to Canadian investment fund Caisse de Depot et Placement du Quebec for $641 MM.

First output from Venezuela's Dragon gas field expected in 2 years

A natural gas project to be developed in Venezuelan waters by Shell and Trinidad and Tobago's state firm National Gas Company could achieve first output in the next two years if a positive investment decision is made.

Mexico emitted 'extreme' amounts of methane from gas pipeline, scientists find

Mexico emitted "extreme" amounts of methane from a natural gas pipeline running through its northern border state Durango in 2019, a research paper published on Tuesday showed, citing data collected from satellites.

Brazil's Ambar Energia to acquire Copel's majority stake in gas-fired power plant

Brazilian energy firm Ambar Energia is set to buy electric utility Copel's 81.2% stake in natural gas-fired power plant UTE Araucaria for $65.24 MM.

Differing LNG outlook stalls Shell talks on gas project with Venezuela

A disagreement between Shell PLC and Venezuela's state company PDVSA over future LNG prices has gridlocked talks on a license for Shell and Trinidad and Tobago's National Gas Company to operate a Venezuelan gas field.

Venezuela prods bp, Chevron to revive gas project near Trinidad, Guyana

Venezuela has begun contacting energy firms involved in an long-idled offshore gas project to push them to begin new exploration and operations near its maritime border with Guyana.

Asia-Europe LNG spread at widest level in almost a year

The Asia-Europe LNG spread has hit its widest level in about a year, data from S&P Global Commodity Insights showed, as congestion at Panama makes sending U.S. LNG to Asia via alternative routes a bit more expensive than normal.

Countries in the Middle East and North Africa supply about one-third of global LNG

Exporting countries in the Middle East and North Africa region supplied nearly one-third (29%) of global LNG exports in 2022, according to data from the International Group of Liquefied Natural Gas Importers.

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.