Latin America

Mexico Seen Driving LNG Export Growth in Latin America

Mexico Seen Driving LNG Export Growth in Latin America

Mexico is on track to become Latin America’s leading LNG re-exporter in terms of regasification capacity, while the region as a whole could become a net liquefied natural gas exporter, according to Poten and Partners. The shipbroker and consulting firm’s Sergio Chapa, senior LNG analyst, provided an overview of the regional LNG balance during a…

May 24, 2023
Latin American Nations Seen Needing More Natural Gas Imports Over Next Decade

Latin American Nations Seen Needing More Natural Gas Imports Over Next Decade

Most Latin American nations will need to rely on natural gas imports to meet rising demand in the coming years, according to a new analysis from Wood Mackenzie. With several challenges facing gas developments in the region, supply will be unable to keep up with demand, driving the need for expanded imports, according to analysts.…

May 9, 2023
Latin America Driving Global Natural Gas, Oil Activity Growth, Say OFS Firms

Latin America Driving Global Natural Gas, Oil Activity Growth, Say OFS Firms

Oilfield services (OFS) companies continue to report steady growth in revenue and upstream activity throughout Latin America, with onshore and offshore operations each playing a role. Halliburton Co. reported a 40% year/year increase in Latin America revenue to $915 million during the first quarter. The growth was “due primarily to increased well construction services and…

May 1, 2023
North American Coal Retirements, Asian LNG Demand Drive Global Natural Gas Rebound in 2023, GECF Says

North American Coal Retirements, Asian LNG Demand Drive Global Natural Gas Rebound in 2023, GECF Says

Global natural gas consumption is expected to rebound this year as easing price volatility and rising economic activity boosts LNG imports from China and South Asia and North America’s power market continues to cut coal-fired capacity, according to the Gas Exporting Countries Forum (GECF). Researchers with the organization headquartered in Qatar in the annual report…

April 10, 2023
Latin American Nations, Long Focused on Oil, Look to Monetize Natural Gas Resources

Latin American Nations, Long Focused on Oil, Look to Monetize Natural Gas Resources

Expect more natural gas output from Latin American nations, according to recent earnings calls and presentations from regional government officials and executives. Management at Brazil’s state oil company Petrobras SA said they were working to employ more of the natural gas from the prolific offshore pre-salt deposits. “We will search for new segments for our…

March 15, 2023
What’s the Outlook for Latin America’s Energy Sector in 2023? – Listen Now to NGI’s Hub & Flow

What’s the Outlook for Latin America’s Energy Sector in 2023? – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow, which looks into the crystal ball and offers predictions for this year’s energy themes in Latin America.  NGI Latin America Senior Editor Christopher Lenton chats with Rice University’s Francisco Monaldi about the major natural gas and oil trends from Mexico to Argentina,…

January 6, 2023
What’s in Store for Latin America Natural Gas in 2023? – Listen Now to NGI’s Hub & Flow

What’s in Store for Latin America Natural Gas in 2023? – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow, which looks into the crystal ball and offers predictions for this year’s energy themes in Latin America.  NGI Latin America Senior Editor Christopher Lenton chats with Rice University’s Francisco Monaldi about the major natural gas and oil trends from Mexico to Argentina,…

January 5, 2023
OPEC Sticks to Oil Growth Forecasts for Next Year, but Urges ‘Caution’

OPEC Sticks to Oil Growth Forecasts for Next Year, but Urges ‘Caution’

OPEC last week stuck to its global demand forecasts for full-year 2022 and next year. In its monthly market report, the cartel forecast global oil demand growth this year of 2.5 million b/d and growth in 2023 of 2.2 million b/d. Researchers cited the potential for recently eased pandemic restrictions in China to drive fresh…

December 20, 2022
Oilfield Services CEOs Say Latin America Driving Global Oil, Natural Gas Activity Uptick

Oilfield Services CEOs Say Latin America Driving Global Oil, Natural Gas Activity Uptick

Oilfield services companies are seeing a steady uptick in upstream activity and revenue across Latin America, both offshore and on land. “Internationally, growth continues to be led by Latin America, West Africa, and the Middle East,” said Baker Hughes Co. CEO Lorenzo Simonelli during the firm’s third-quarter earnings call. “In all of these markets, offshore…

October 26, 2022
Baker Hughes Bullish on LNG, but Brownfield Expansions Likely to Eclipse Newbuilds

Baker Hughes Bullish on LNG, but Brownfield Expansions Likely to Eclipse Newbuilds

Houston-based Baker Hughes Co. kicked off third quarter earnings season for the oil and natural gas sector on Wednesday, acknowledging challenges but optimistic about the emerging upcycle, with a continuing bullish view for LNG. The oilfield services (OFS) giant operates around the world in four segments: OFS, Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS),…

October 19, 2022
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