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Regional News: South America

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Leni Finds More Oil with 4th Goudron Development Well
Tuesday, July 22, 2014 Leni Gas & Oil finds 187 feet of net oil pay with its fourth development well on the Goudron field.

China Provides $4 Billion To Venezuela In Exchange For Oil
Monday, July 21, 2014 China will provide Venezuela with a new $4 billion credit line, with the money to be repaid by oil shipments from OPEC member Venezuela.

Leni Signs Deal to Acquire Trinidad Field
Wednesday, July 16, 2014 Leni Gas and Oil signs a deal that will see it add the Trinity-Inniss field to its onshore Trinidad production.

Saipem Wins Contracts In Brazil, Angola Worth A Total $600M
Tuesday, July 15, 2014 Italian oilfield services company Saipem wins contracts in Brazil and Angola worth a combined $600 million.

ENAP: Chile Eyes Use Of US Shale Gas In Early 2016
Tuesday, July 15, 2014 ENAP says it would start using US shale gas during the first half of 2016 via an ongoing supply contract with BG Group.


Karoon Contracts Olinda Star Semisub to Drill at Kangaroo Field Off Brazil
Monday, July 14, 2014 Karoon Gas contracts Olinda Star semisub for drilling at the Kangaroo oil field offshore Brazil.

Rosneft, Petrobras Sign Natural Gas Accord For Brazil's Amazon
Monday, July 14, 2014 NK Rosneft' AOA signs an agreement with Petrobras to seek ways to sell natural gas trapped in Brazil's remote Amazon jungle, the companies say.

Premier Awards Sea Lion Platform FEED Contract to AMEC
Friday, July 11, 2014 Premier Oil awards the front-end engineering and design contract for the Sea Lion tension leg platform to AMEC.

Study: Oil Leaks Raise Environmental Concerns Over Brazil's Santos Basin
Tuesday, July 08, 2014 The Santos Basin has 400 times the number of oil leaks as its older and more prolific neighbor, the Campos Basin, a university study says, raising concern about the environmental sustainability.

Maersk To Take $1.7B Writedown On Brazil Oil Assets
Tuesday, July 08, 2014 Moller-Maersk says it will take an impairment charge of $1.7 billion on the book value of Maersk Oil's Brazilian assets.

Petrobras Says End of SBM Contracts Could Cut Profit $15B
Monday, July 07, 2014 Petrobras says profits could be reduced by $15 billion between 2014 and 2018 if it had to suspend oil platform contracts with Holland's SBM Offshore.

American Electric Technologies Launches Brazil Subsidiary
Monday, July 07, 2014 American Electric Technologies launches of a new company subsidiary, M&I Electric Brazil.

Colombia's Ecopetrol Buys Stake In Angolan Blocks
Thursday, July 03, 2014 Ecopetrol buys a 10% stake in two blocks off the coast of Angola as part of an effort to diversify its portfolio.

SapuraKencana's Unit Bags Anadarko's Deal for Survey Work in Colombia
Thursday, July 03, 2014 SapuraKencana Petroleum's unit TL Geohydrographics bags a deal from Anadarko for the charter of Teknik Perdana vessel to carry out survey work in Colombia.

Newbuild Sapura Diamante Commences Work for Petrobras Off Brazil
Thursday, July 03, 2014 Sapura Diamante,a newbuild pipelay support vessel operated by the SapuraKencanca-Seadrill joint venture, commences work for Petrobras in the pre-salt waters off Brazil.

Sources: Occidental Suspends Colombia Oil Output After Rebel Attack
Wednesday, July 02, 2014 Production at Occidental Petroleum's oil fields in Colombia has been suspended following a rebel attack that left 13 people injured over the weekend, according to company and military sources.

Petrobras May Oil, Gas Output Rises To A 27-Month High
Tuesday, July 01, 2014 Petrobras says that oil and natural gas output rose to a 27-month high in May as it added new wells in the offshore Campos Basin northeast of Rio de Janeiro.

Odebrecht Wins $4B Natgas Pipeline Contract In Peru
Monday, June 30, 2014 A consortium formed by Odebrecht and Enagas won a concession for building and operating a $4 billion natural gas pipeline in Peru, the government says.

Minister: Petrobras Board Approved More Exploration
Friday, June 27, 2014 Petrobras' board approves the exploration of new oil and gas fields in February, Planning Minister Miriam Belchior says.

Petrobras Offshore Oil Rights May Cost 50% More Than Expected
Friday, June 27, 2014 Petrobras may have to pay as much as $10 billion by 2018, or 50 percent more than first announced, for new offshore oil rights that a cash-hungry government decided to sell the state-run oil company.

Leni's 3rd Goudron Development Well Hits Oil Pay
Tuesday, June 24, 2014 Leni Gas & Oil's third development well on the Goudron field intersects 185 feet of net oil pay.

Brazil Gives Petrobras Subsalt Production Rights, Shares Fall
Tuesday, June 24, 2014 Brazil plans to sign over additional production rights to four fields that hold an estimated 10 to 14 billion barrels of oil directly to Petrobras, the National Energy Policy Council says.