Central & South America

Brazil's Petrobras Considers Offshore LNG Units for Pre-Salt Gas

Brazilian state-controlled oil company Petrobras is considering installing offshore units to liquefy the growing natural gas production from the so-called pre-salt area, the company's emissions and climate change manager said.

Petrobras Enters Binding Phase in Sale of 10% Stake in NTS Gas Pipeline

Brazil's state oil firm Petrobras has begun the binding phase in the sale process of its 10% remaining stake in gas pipeline firm Nova Transportadora do Sudeste SA (NTS), it said in a securities filing on Friday.

Pipeline Theft Falls in Brazil's Sao Paulo, as Petrobras Cracks Down

Fuel thefts from oil pipelines in Brazil's Sao Paulo have fallen by 60% according to Petrobras, the state-owned oil firm, as investments in theft prevention measures appear to be paying off.

Ecuador Declares Force Majeure After Oil Pipeline Shutdown

Soil erosion which damaged the primary oil pipeline in Ecuador has caused the country to declare force majeure on exploration and production until the pipeline can be repaired.

Ecopetrol Extends Subsidies, Increases Pipeline Financing Assistance

Columbia's state-run oil company Ecopetrol announced on Friday that it is extending tariff subsidies and financing programs for oil shippers in South American country to help ease the burden of falling oil prices due to the pandemic.

Colombian Government Considers Intervention in Oil Pipeline Tariffs

The Columbian governments is re-examining how tariffs on oil pipelines in the country are calculated as many producers have been hit hard by falling oil prices due to the coronavirus pandemic.

Ecopetrol Condemns Attacks on Oil Pipelines

Ecopetrol's oil transportation unit condemned a series of attacks in north east Colombia that have taken place against two of its pipelines since last Saturday.

Ecopetrol Unit to Let Colombia Oil Producers Cut Pipeline Costs for Two Months

Ecopetrol subsidiary Cenit is allowing Columbian oil producers to reduce their transit tariffs by 50% for two months in an effort to ease the strain on the industry due to the coronavirus pandemic.

Ecuador Scrambles to Contain Oil Spill in Amazon Region

Authorities in Ecuador are struggling to contain an oil spill after a landslide ruptured two oil pipelines earlier this week.

Ecuador Halts Crude Pipelines Due to Landslide, Says Exports Unaffected

Ecuador Halts Crude Pipelines Due to Landslide, Says Exports Unaffected

Brazil's Petrobras to Begin Sales Process for NTS Pipeline Stake: Executive

Brazil’s state-run oil firm Petroleo Brasileiro SA will begin the process this month to sell its 10% stake in gas pipeline firm Nova Transportadora do Sudeste SA (NTS), according to Anelise Lara, the oil company’s director of gas and refining.

Peru Gas Workers Unearth Centuries of History in Lima's Soil

For nearly two decades, workers for a company building gas lines across Peru’s capital have found themselves unearthing a treasure trove of history.

Ecopetrol Halts Cano Limon Pipeline After Bombing

Colombia's state-run oil company Ecopetrol has halted pumping on its Cano Limon pipeline after a bomb attack in the country's northeast caused a fire and spillage of crude into waterways.

EDP Closes Financing for El Salvador LNG-to-Power Project

Energía del Pacífico (EDP) said it has completed project financing for the LNG-to-power project currently under construction at the Port of Acajutla, El Salvador. The infrastructure project brings approximately $1 billion foreign direct investment for the Central American nation, making it the largest private investment ever in the country, EDP said.

New Pipelines of Latin America

While proven reserves of natural gas in Latin America represent only 4% of global reserves, gas pipeline infrastructure is currently insufficient to meet growing demand.

Brazil Clears Bolivian Gas Company Use Pipeline

The Brazilian government authorized Bolivian oil and gas company YPFB to use the Gasbol pipeline to sell gas to other companies in Brazil beyond state-run oil firm Petrobras, according to a publication on Friday in the official gazette.

EDP Closes Financing for El Salvador LNG-to-Power Project

Energía del Pacífico (EDP) said it has completed project financing for the LNG-to-power project currently under construction at the Port of Acajutla, El Salvador. It is the largest private investment ever made in the country, EDP said.

Engie Brazil Wants to Buy Remaining Stake in TAG — CEO

Engie Brazil's CEO says the company is looking to buy the government out of its 10% stake in TAG.

Mexico Gas Pipeline at Center of Dispute Starts Operations

A major natural gas pipeline between Texas and the Mexican Gulf Coast port of Tuxpan that was at the heart of a dispute between Mexico’s government and infrastructure firms begins operations, the companies behind it said.

Brazil’s Petrobras Confronts Growing Pipeline Thefts

Brazilian state-run oil firm Petrobras said thefts from its pipelines soared to a record high 261 incidents in the states of Rio de Janeiro and Sao Paulo last year, up from just one case in 2014, according to a securities filing and a Reuters report.

Norway's Equinor Eyes Natural Gas Infrastructure in Brazil

Norway's Equinor is actively looking to install new natural gas infrastructure on the coast of Brazil to help facilitate the large amounts of gas being produced in the country.

Brazil’s LNG-to-Power Complex Funded; Phase 2 Underway

The Gas Natural Açu (GNA) joint venture between Prumo Logistica, BP and Siemens – developer of Brazil’s largest infrastructure project – has gained regulatory approval for LNG imports and satisfied lender conditions for $750 million in project financing to complete the 1.3 GW first phase of its LNG-to-Power complex at the Port of Açu.

Protests, Red Tape Block Millions in Colombia Oil Industry Investment

Some $700 million in investment spending by oil companies operating in Colombia is frozen because of contract delays caused by community protests and consultations, slow environmental licensing and court orders, the Colombia Petroleum Association said.

Brazil's Mystery Oil Spills May Have Criminal Source: President

Brazilian President Jair Bolsonaro said on Tuesday the oil spills that have been contaminating the northeastern coast since the beginning of September appeared to involve crimes.

Brazil's Petrobras Confronts New Foe: Fuel Thieves

Brazilian state-run oil firm Petrobras has in the last five years battled an epic corruption probe, a crippling recession and unsteady crude prices. Now, Brazil's most important company is facing yet another challenge: Thieves are robbing millions of dollars worth of its fuel to sell on a thriving black market.

U.S. Agency Commits $688 Million to Projects in Argentina

The U.S. government's development finance institution has approved four projects worth $688 million in Argentina, including oil and gas transportation and processing infrastructure for the Vaca Muerta field.

Two Overnight Bombings Damage Colombia's Cano Limon Pipeline

Two overnight bombings have damaged Colombia's Cano Limon pipeline, state-run oil company Ecopetrol said on Thursday, one spilling "highly volatile" oil into a river in the eastern province of Norte de Santander.

Mexican President Touts $4.5 Billion Savings in New Pipeline Deal

Mexico said on Tuesday it had struck a deal with a group of companies to renegotiate the terms of natural gas pipeline contracts signed under the previous administration that will eventually save the government $4.5 billion.

Peru Natural Gas Production Hit by Leak at Pluspetrol Plant

Argentine energy company Pluspetrol will reduce production from its Las Malvinas natural gas plant in Peru while it repairs a leak detected in one of its pipes, Peru’s government said.

Brazil's LNG-to-Power Complex Funded; Phase 2 Underway

The Natural Gas Acu joint venture between Prumo Logistica, BP and Siemens has gained regulatory approval for LNG imports and satisfied lender conditions for $750 million in project financing to complete the 1.3 GW Phase 1 of its LNG-to-Power complex at the Port of Acu.

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