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(offshore-energt.biz) Argentina’s oil and gas firm YPF has joined a floating liquefied natural gas (FLNG) project being co-developed by Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure Golar LNG and Latin American integrated energy company Pan American Energy (PAE) in Argentinean waters. The $3 billion project will see the FLNG Hilli, set to... Continue Reading →
(Reuters) - Guyana has received preliminary approval from the U.S. Export-Import Bank for a more than $500 million loan guarantee to support a natural-gas fired power project and gas processing facility, a government official said on Thursday. Construction of the about $2 billion gas-to-energy project is underway. A gas pipeline is installed, but the first... Continue Reading →
(Reuters) - Grupo Matrix Energia of Brazil and TotalEnergies of Argentina confirmed their first deal with Bolivia's state energy company, YPFB, to transport natural gas from the massive Vaca Muerta shale formation in Argentina as the region faces a supply shift. Under the contract signed on Nov. 22, Yacimientos Petroliferos Fiscales Bolivianos (YPFB) will move... Continue Reading →
(Reuters) - Doubts are growing over Guyana's pick of a little-known U.S. startup to craft and develop projects to monetize its vast untapped natural gas resources that could cost up to $30 billion. Year-old Fulcrum LNG faces financing hurdles that could derail its selection. Ultimately, the South American nation may end up relying on a consortium led... Continue Reading →
(Reuters) - The U.S. Department of Energy said on Wednesday it has awarded up to $2.2 billion to centers on the Gulf Coast and in the Midwest to develop hydrogen, an emerging source of energy that is expensive to produce using renewable power. WHY IT'S IMPORTANT Hydrogen backers, including the administration of President Joe Biden,... Continue Reading →
(Reuters) - Natural gas production is booming in Argentina’s vast Vaca Muerta shale lands, but full pipelines and the government's free-market approach to paying for new ones may prevent the country from becoming a major gas exporter by early next decade. About $58 billion worth of new or upgraded pipelines, processing plants and export terminals... Continue Reading →
(Reuters) Trinidad and Tobago on Tuesday signed a production sharing agreement (PSA) with a unit of British oil and gas producer BP for exploring and producing natural gas at a shallow water block, the energy ministry said. The agreement follows an offshore bidding round launched by the Caribbean country last year, expected to encourage an... Continue Reading →
(Reuters) - Brazil and Argentina signed an agreement on Monday to study the development of infrastructure for natural gas exports to Brazil, with Brazilian authorities saying the deal could lead to imports of as much as 30 million cubic metres of gas per day by 2030. The memorandum of understanding (MOU) will create a working... Continue Reading →
(Reuters) - Swiss asset manager Energy Infrastructure Partners (EIP) will raise its stake in Eni's Plenitude unit to 10%, in a deal that values the group's retail and renewable business at more than 10 billion euros ($11 billion) including debt. The Italian energy group said in a statement on Monday that EIP had agreed to subscribe... Continue Reading →
– Petróleo Brasileiro S.A. following up on Communication of September 11, 2024, informs that the Natural Gas Processing Unit (UPGN), located at the Boaventura Energy Complex (Itaboraí, RJ), began commercial operation. The UPGN is currently operating with its first module, which has the capacity to process 10.5 million m³/day of gas. The second module is... Continue Reading →
