Brazil’s solicitor general has overturned one injunction that prevented state-controlled oil company Petrobras from proceeding with one of its largest divestitures, the government said in a statement.
United States turned into a net natural gas exporter for a week after the first liquefied natural gas export from Cheniere Energy Inc's Sabine Pass terminal in Louisiana left for Brazil. The United States however is not expected to become a net exporter of gas on an annual basis until 2017 after more pipelines to Mexico and LNG export terminals enter service, according to federal energy estimates.
By Robert Bensh of Oilprice.com - There is only one certainty in Ukraine: The energy sector must and will be transformed, and how long this takes will depend on who ends up in the driver's seat and how serious they are about becoming a part of Europe and reducing dependence on Russia. But by then, investors will have missed the boat.
Three of Brazil's leading companies said on Wednesday they are increasing investment and exploration in Peru's natural gas sector as the country prepares to build a new pipeline and petrochemical plants.
Brazil's energy giant Petrobras began pumping natural gas from the offshore Santos Basin on the new 216-kilometer Lula-Mexilhao pipeline Friday, the company said Monday in a statement.
Uruguay and Argentina have received interest from 39 companies to build infrastructure for a floating LNG terminal, a project they are fast-tracking to start operations by the end of 2013, a project adviser said Tuesday.
Physical integration particularly in energy and access to the sea were two of the main issues addressed by the presidents of Paraguay, Uruguay and Bolivia, (Fernando Lugo, Jose Mujica and Evo Morales), during their Sunday meeting in Asunción in the framework of Urupabol, the regional group which brings together the three countries.
Natural gas-rich Bolivia has invited Paraguay and Uruguay to confirm sufficient demand to justify the building of a commercially viable 2.000 kilometres pipeline linking with Asunción and Montevideo.
Argentina will inaugurate Wednesday a key new pipeline bringing natural gas from Tierra del Fuego Province to the neighboring province of Santa Cruz. The Strait of Magellan pipeline will initially transfer 5 million cubic meters a day of gas from Cabo Espiritu Santo in Tierra del Fuego Province to Cabo Virgenes in Santa Cruz.