President Tabaré Vázquez said in December that the terminal was not a priority. (Uruguay president’s office) LNG

Shell throws lifeline to Uruguay’s LNG terminal

Shell is considering buying all the regasified fuel from Uruguay’s proposed LNG terminal, but the supermajor may need assurances from Argentina.

Brazil’s Itaipu dam. The country is heavily reliant on its hydropower capacity. (PA) LNG

Brazil’s power game is a risky business

Brazil has leaned heavily on its huge hydropower projects in recent months, but it will need large volumes of LNG if the rain stays away.

LNG

Uruguay gambling on Argentina’s demand

The reluctance of Buenos Aires to commit to capacity from Uruguay’s proposed LNG terminal may scuttle the project.

16 January 2017
Exploration & Production

Drilling up in Latin America but Mexico hits zero

Gas-focused drilling ticked up in Latin America in December, but Mexico has dropped from 12 rigs to zero in two years.

12 January 2017
LNG

Brazil gambles on summer rains

Brazil is drawing heavily on its huge hydro dams as the rains return, but this looks like a risky energy policy should the weather dry up.

9 January 2017
The Piranema field in the Brazilian state of Sergipe. Petrobras has a $21 billion divestment target. (Petrobras) Companies & Finance

Total brings holiday cheer to Brazil

The French supermajor has unveiled an agreement that will relieve the upstream and downstream burden on Brazil’s hugely indebted state giant, Petrobras.

4 January 2017
LNG

Rains wash out Brazilian LNG demand

The end of a severe three-year drought in Brazil and a recovery in hydropower production have saved the country billions of dollars on gas imports in 2016.

19 December 2016
Companies & Finance

Peruvian gas workers to strike

Gas workers in Peru plan to hold an indefinite strike starting on 29 December that would disrupt production at the Camisea gas fields.

16 December 2016
Exploration & Production

Latin American rig count resumes its decline

Gas-focused drilling is waning in Latin America. There were 19 active rigs drilling for gas in the region in November 2016, down from 21 in October.

15 December 2016
Trinidad’s former energy minister, Kevin Ramnarine, warned the deal faced political risk in Venezuela. (T&T govt) Policy & Regulation

Warning bells sound over Trinidad’s Dragón deal

Trinidad and Tobago’s deal to buy gas from a giant field offshore Venezuela carries plenty of political risk, according to the Caribbean country’s former energy minister.

13 December 2016
Exploration & Production

Argentina’s unconventional gas output hits 5 MMcm/d

Argentina’s unconventional gas production now stands at 5 million cubic metres per day, accounting for 6.9% of output from the Neuquén Basin.

12 December 2016
Companies & Finance

Barbados secures IDB loan to improve gas infrastructure

The Barbadian government has secured a $34 million loan from the IDB to finance improvements to existing gas infrastructure and spur the growth of renewables.

12 December 2016
LNG

Latin America takes nearly 60% of Uncle Sam’s LNG

Brazil, Argentina, Chile and Mexico have imported 22 of the 35 vessel-borne US LNG exports to date.

12 December 2016
Trinidad’s NGC has offered to build the pipeline from Dragón to Shell’s Hibiscus platform. (Shell) Supply & Demand

Trinidad’s calypso in Caracas

A Trinidadian delegation went to Venezuela this week to clinch a key gas deal. They found President Nicolás Maduro in a bullish mood.

8 December 2016
YPF drilling in Vaca Muerta, Neuquén. The province produces nearly 48% of Argentina’s gas output. (YPF) Exploration & Production

Argentina’s drillers in the dark over price

Argentina’s gas producers are reluctant to drill unless Buenos Aires provides clues to future wellhead prices – including the country’s generous rewards for new output.

6 December 2016
Supply & Demand

Mexico pins hopes on Uncle Sam’s shale

Mexico will take full advantage of cheap shale gas from Uncle Sam over the next few years as it aims to wean itself off LNG.

5 December 2016
Exploration & Production

Centrica sells Trinidad assets to Shell

UK-based Centrica will sell its entire portfolio of gas assets in Trinidad and Tobago to Shell for an initial sum of $30 million.

1 December 2016
Höegh Grace has been chartered as an FSRU at Colombia’s first LNG terminal. (Höegh) LNG

Pacific best for Colombia’s next LNG terminal – report

Colombian authorities have run the numbers on a looming gas deficit and favour a second LNG terminal on the Pacific coast.

1 December 2016
Exploration & Production

Chevron and Inpex team up with Pemex for Mexican bid round

Chevron and Japan’s Inpex have entered into a partnership with Mexican state oil and gas company Pemex to bid in Mexico’s latest licensing round.

30 November 2016
Peru’s President Pedro Kuczynski (right) welcomes China’s President Xi Jinping to the APEC summit in Lima. (PA) Policy & Regulation

Peru: enter the dragon?

Peru will hitch itself to China after Donald Trump torpedoed the Trans-Pacific Partnership, and gas will be at the centre of the deepening Sino-Peruvian relationship.

30 November 2016
Exploration & Production

Trinidad’s new fields offer only short-term solutions

Production from Trinidad’s much-hyped new fields may only restore output to 2014 levels, given current decline rates.

28 November 2016
Argentina’s Bahía blanca LNG terminal. (Argentine energy ministry) LNG

Latin America is the LNG market’s elastic

Latin America accounts for around 25% of the world’s ‘flexible’ LNG supply. Will the region continue to bring elasticity to the market?

25 November 2016

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