South America pipeline news

Reuters has reported that Ecuador's government will take over operations of the country's OCP heavy crude oil pipeline for six months until a fresh tender is launched, the nation's energy and mines ministry said on Sunday.

According to 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.

The routes to be analysed include the reversal of flow of Bolivia's pipeline, a route going through Paraguay, and another one through Uruguay, according to Reuters.

Saipem’s scope of work entails the engineering, procurement, supply, construction, installation, pre-commissioning and assistance for the commissioning and start-up of the Subsea Umbilicals, Risers and Flowlines package.

Perma-Pipe International Holdings, Inc has announced US$6 million in new project awards in the MENA region. Additionally, the company announced US$9 million in new project awards in the Americas, demonstrating continual improvement in the region.

The newly-inaugurated project cost US$710 million, with US$540 million financed by the World Bank and the Development Bank of Latin America and the Caribbean, says Reuters.

A pipeline that would allow Guyana to bring natural gas produced by an Exxon Mobil-led consortium to shore has been connected to two of the project's floating production platforms, says Reuters.

Vallourec has announced the signing of a contract with Brazil’s Petrobras.

Reuters has reported that natural gas exports from Bolivia to Argentina have come to an end after almost two decades, as confirmed by a spokesperson for Bolivian state-run firm YPFB on Wednesday 25 September.

Vallourec enters into a definitive agreement to acquire from Mattr 100% of the shares of its subsidiary Thermotite do Brasil Ltda.