Latin America News

Image: Teekay LNG Partners

LNGC Containment Market to Reach $16Bln By 2025

,80,000 cubic meters, 1,50,000 to 1,80,000 cubic meters, 1,25,000 to 1,49,999 cubic meters, and 30,000 to 1,24,999 cubic meters.In 2018, the above 1,80,000 cubic meters segment held the largest market share globally. This is due to the growing LNG demand from emerging economies of the Asia Pacific and Latin America.The Asia Pacific region held the largest share of the LNG carrier containment market globally in 2018, due to rapid industrialization rising demand for large LNG volumes from industrialized economies of China, South Korea, and Japan, which are also the key markets for LNG at the global landscape

Rob Gill (Photo: Aquaterra Energy)

Aquaterra Energy Hires Gill

solutions company Aquaterra Energy said it has appointed Rob Gill to fuel the continued success of its modular Sea Swift platform.Gill joins the company as Platforms Business Development Director and will focus on expanding Sea Swift’s presence across West Africa, South East Asia and Latin America. He brings to the role more than 30 years of industry experience, having worked in both technical and commercial roles with the likes of Advisian, INEOS and Petrofac, as well as founding and growing several entrepreneurial ventures.The Sea Swift platform is a modular design that can be engineered

© Arjen / Adobe Stock

Offshore AUV, ROV Market to Grow 18.2%

ROV, low weight, reliability, low noise, and ease of packaging in comparison to mechanical propulsion systems, the report says.Geographically, the Middle East and Africa accounted for maximum share of 27% of global offshore AUV and ROV market, driven primarily by offshore oil and gas activities. Latin America is also expected to see strong growth, the report says. 

Photo: Deep Trekker Inc

Deep Trekker Opens Office in Chile

the past eight years Deep Trekker has experienced exceptional growth across the globe and we believe this success can be directly tied to developing products in close collaboration with our customers,” says Sam Macdonald, President, Deep Trekker.  “Establishing a direct presence in Latin America will allow us to get even closer to our customers, and as a result, deliver innovative products based on the specific needs of the Latin American market."The new office is a clear reflection of the company’s current state; a strong year of growth, successful development and expansion

Jonathan Heastie, Reed Exhibitions

Voices: Jonathan Heastie, Reed Exhibitions

;s flagship event as a dedicated regional edition for those across the Americas to meet, learn and see the latest technologies. The London event regularly attracts a healthy proportion of North American visitors, but this Americas event brings together five times more people, and adds in those from Latin America and the Caribbean too. Many people can’t afford the time and cost of crossing the pond to London, but San Diego is a far easier proposition for most – and delightfully warm in February! – which is why we generate a sizeable 98% unique audience to this new event. What a great

(Photo: Ocean Infinity)

Argentine Submarine Found After Yearlong Search

San will be of some comfort to them," the statement said.The San Juan was some 430 km (270 miles) off Argentina's Patagonian coast when it sent its last signal.The disaster spurred soul-searching over the state of the military in Argentina, which after a series of financial crises has one of Latin America's smallest defense budgets relative to the size of its economy. Some families of missing crew members blamed the government for underfunding the Navy.Argentina learned a harsh lesson of submarines' military value during the 1982 Falklands War, when a British sub sank the ARA General Belgrano

(Photo: ROVOP)

ROVOP Acquires M2 Subsea's ROV Fleet

to better support customers with the appropriate ROVs for their requirements based on capability and greater cost efficiency. This increased capacity allows ROVOP to support customers with a wider geographical reach.”In particular, ROVOP said it aims to strengthen deployment capabilities in Latin America, Africa, Middle East and Asia. The fleet is expected to be deployed in the vessel and rig markets

Fall from Grace: Batista Gets 30-Years for Corruption

billionaire's meteoric rise and fall mirrored the recent fortunes of Brazil, where the commodities boom faded as his energy, mineral and logistics empire fell apart earlier this decade.His swashbuckling attitude and confident forecasts of a prolonged golden era for Brazil evaporated just as Latin America's largest economy suffered its worst recession on record.Batista, whose legal team said he would appeal, was found guilty of paying a $16.5 million bribe to former Rio governor Sergio Cabral, who also was found guilty in the case.Batista's companies won state contracts in exchange for

© Mike Mareen / Adobe Stock

Record-size US Offshore Oil Lease Sale Draws Modest Bidding

in March 2017, for example, offered up 48 million acres in the Central Gulf of Mexico planning region.   Consultancy Wood Mackenzie had expected demand for the acreage to get a boost from higher oil prices and lower corporate taxes, but pointed out interest could be hurt by competition from Latin America and concerns over the impact that U.S. tariffs on steel imports could have on costs.   William Turner, senior research analyst at Wood Mackenzie, said the sales statistics were "on par with the all-time lows that we saw last year," referring to a lease sale in 2017 that had yielded

(Image: EIVA)

EIVA Expands in Brazil

Danish software and hardware engineering company EIVA said it has expanded its activities in Latin America with a dedicated business development team located in São Paulo, Brazil.    With the Brazilian team, EIVA is able to accommodate the increasing interest in its hardware and software products for offshore and shallow water construction and surveying operations from specialist operating in Latin America. Moreover, the company is able to provide customers in the region with a local point of contact with strong ties to the Danish headquarters.    The new Brazilian team

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