South America

Middle East crude premiums surge, Asian refiners seeking alternatives

The attacks in the Red Sea by Yemen's Iran-aligned Houthis came after renewed U.S. and Iran strikes in the Middle East and shipping blockades on traffic through the Strait of Hormuz again choked oil shipments through that crucial waterway, slowing crude oil and fuel exports to Asia.

Refiners elbow traders to take a larger slice of Venezuela's oil

PDVSA is slowly going back to the business model it had before U.S. energy sanctions were imposed on the OPEC country in 2019, which prioritizes supply contracts with its joint-venture partners and refineries over intermediaries.

Pampa Energia to use KBR technology for 3,400-tpd Argentina ammonia-urea complex

Consorcio Austral submits plans for $4.7-B green ammonia project to Chile's EIAS

Tecnimont (MAIRE) wins €1.3-B integrated project in Argentina, €140 MM for Nextchem

MAIRE (MAIRE.MI) has announced that its subsidiary Tecnimont (Integrated E&C Solutions) has been awarded a contract by Fértil Pampa S.A.U., a wholly owned subsidiary of Pampa Energia S.A., for a large-scale fertilizer complex in Argentina.

Opinion: Forget crude—war pushes refiners to the brink

While crude supplies have partially recovered, the system that converts crude into fuels is still struggling after months of disruption from conflicts in Russia and the Middle East.

U.S. tariffs on Brazil are a bitter pill for sugar and ethanol makers

According to the Union of the Sugarcane and Bioenergy Industry (UNICA), the U.S. accounted for 253 million liters of ethanol exports in 2025, worth $163 million, making the North American country the sector's second-most important foreign market after South Korea.

Bunker One executes Latin America's first bioethanol bunkering of a deep-sea container vessel

Bunker One has completed Latin America’s first bioethanol bunkering operation for an ocean-going vessel, delivering 500,000 liters of anhydrous ethanol to the CMA CGM IRON at the Port of Santos, Brazil.

EIA: Global LNG trade volumes reached record high in 2025

Global LNG trade has slowed this year following the closure of the key export route for Qatar, the world’s second-largest LNG exporter.

Venezuela's smallest refinery restarts FCCU

The refinery has been reactivating its operational units slowly in recent days, following twin earthquakes in late June that had left the facility without power.