Latin America

NGI’s 4Q2023 Mexico Natural Gas Market Analyst Takeaways

NGI’s 4Q2023 Mexico Natural Gas Market Analyst Takeaways

Mexico faces an election in June amid rising natural gas demand and infrastructure needs. See what NGI analysts gleaned from the recently completed 4Q2023 earnings season. SLB Corp. (SLB): CEO Olivier Le Peuch told investors on SLB’s 4Q2023 earnings conference call that “in the international markets, we expect full year revenue growth reaching the mid-teens…

March 18, 2024
Sempra Sees Investment in Mexico, Global LNG Demand Boosting North American Energy Markets

Sempra Sees Investment in Mexico, Global LNG Demand Boosting North American Energy Markets

Sempra is betting that continued global energy volatility and geopolitical tensions will strengthen North America’s key natural gas markets, supporting its investments in LNG exports and Mexico. In the San Diego-based firm’s third quarter earnings call, CEO Jeff Martin said the series of global conflicts that have impacted global markets recently have accelerated a “trend…

November 6, 2023
Latin America Among Global E&P Markets Outpacing North America, Say Oilfield Services Execs

Latin America Among Global E&P Markets Outpacing North America, Say Oilfield Services Execs

International markets including Latin America are now showing more robust upstream activity growth than North America, according to the top oilfield services firms. The management teams of SLB, Halliburton Co., Baker Hughes Co. and Weatherford International plc said exploration and production (E&P) projects outside of North America, particularly in the offshore segment, drove incremental revenues…

November 1, 2023
Lack of Investor Interest Inhibits Colombia’s Plan to Boost LNG Imports 

Lack of Investor Interest Inhibits Colombia’s Plan to Boost LNG Imports 

Colombia needs more natural gas imports to meet growing power demand as El Niño-influenced weather conditions have resulted in water shortages, necessitating a shift away from hydroelectricity. The trend has put pressure on already constrained gas supplies in the country. But a recent proposal to add import capacity with a second LNG terminal received only…

October 3, 2023
Argentina Guarantees Natural Gas Supply to Chile Through 2024 as Vaca Muerta Shale Takes Off

Argentina Guarantees Natural Gas Supply to Chile Through 2024 as Vaca Muerta Shale Takes Off

Argentina has authorized the firm supply of natural gas via pipeline to neighboring Chile through the end of 2024, reflecting Argentina’s aspirations as a key energy exporter to South America and the world.  Having already guaranteed the flow of 9 million m3/d to Chile for the 2023-2024 austral summer, Argentina now has granted Chile the…

September 11, 2023
Latin American LNG Importers Not Expected to Impact Volumes for Europe Heading Into Winter

Latin American LNG Importers Not Expected to Impact Volumes for Europe Heading Into Winter

The labor strike scheduled to begin Thursday at Chevron Corp.’s Gorgon and Wheatstone LNG export facilities in Western Australia was postponed until 6 a.m. Perth time on Friday. Unions postponed work stoppages as contract negotiations continued and are soon expected to decide on further delaying strike action.

September 7, 2023
Latin American LNG Imports Flat So Far in 2023, with Chile Top Buyer

Latin American LNG Imports Flat So Far in 2023, with Chile Top Buyer

Latin American LNG imports so far this year haven’t changed compared to last year as drops in Brazil imports are being offset by gains elsewhere. From Jan. 1 through to Aug. 29, Latin American imports of liquefied natural gas were 8.42 million tons (Mt), compared to 8.3 Mt in the same period last year, according…

August 29, 2023
Oilfield Services Firms Growing Revenues in Latin America as International Offshore Expands

Oilfield Services Firms Growing Revenues in Latin America as International Offshore Expands

The main three oilfield services firms see international exploration and production (E&P) companies increasing activity, in particular in the offshore, and despite a slowdown in North America. They all reported growth in their Latin American businesses. SLB Ltd. CEO Olivier Le Peuch said international offshore would drive the upstream industry through this decade. “Second quarter…

July 25, 2023
Mexico Said to Need Robust Energy Policies to Balance Growing Domestic Demand, LNG Exports

Mexico Said to Need Robust Energy Policies to Balance Growing Domestic Demand, LNG Exports

Mexico is at a pivotal moment as it gears up for an election next year amid a global rearrangement of supply chains. Ensuring reliable and affordable energy is key to the nation’s success and proposed LNG exports plans, but requires more progress, said participants at the Mexico Gas Summit in San Antonio, TX last week.…

June 15, 2023
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 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
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