Regional News: South America

 
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Source: Petrobras Voluntary Layoff Program Accepted By 6,100 Employees
Friday, August 26, 2016 A voluntary layoff program at state-run oil company Petrobras has been accepted by 6,100 employees, a source with direct knowledge of the matter told Reuters.

Oil, Gas Found in Chachahuen Block, Argentina
Thursday, August 25, 2016 Oil and gas discoveries have been made in the Chachahuen block in the Province of Mendoza, Argentina.

LGO Starts Production From New Interval Following Workover at Goudron Field
Monday, August 22, 2016 LGO reveals that production has now commenced from a new oil pay interval in well GY-277, following heavy work-overs at the Goudron Field in Trinidad.

Tight Gas Helping Argentina Operators Reverse Production Decline
Thursday, August 18, 2016 Tight natural gas reservoirs are boosting production in Argentina's Neuquen Basin, but well performance in these reservoirs varies greatly.

Ecopetrol To Up Exploration, Open 80 New Wells During Rest Of 2016
Wednesday, August 17, 2016 Ecopetrol will intensify exploration and the drilling of new wells through the rest of this year, Chief Executive Juan Carlos Echeverry says.

  


Trinity Subsidiaries File for Bankruptcy
Wednesday, August 17, 2016 Trinity Exploration & Production plc announce that a number of its wholly-owned subsidiaries have filed for bankruptcy.

Columbia Univ.: Global Oil Market Faces Less Venezuela Supply In 2017
Tuesday, August 16, 2016 The global oil market faces a sharp drop in supply in 2017 from Venezuela, traditionally a prominent exporter, as an acute political and economic crisis halts investments needed to squeeze more crude from wells, Columbia University says in a report.

In Third Bid to Lead Mexico, Fiery Leftist Puts Oil Feform in Crosshairs
Friday, August 12, 2016 A firebrand leftist who twice narrowly missed becoming Mexico's president is riding high with a fresh bid for election in 2018, vowing to upend a landmark energy sector opening championed by President Enrique Pena Nieto.

Petrobras' Profit Declines On Lower Prices, Charges
Friday, August 12, 2016 Petrobras reports second-quarter profit that fell by nearly a third from a year earlier, missing analysts' expectations.

Parex Increases Upstream Spend, Expects to Drill 11 Colombian Wells in 2H
Thursday, August 11, 2016 Parex Resources Inc will increase its upstream spend in the second half of 2016, drilling 11 wells in Colombia in the process.

Peru Detects Fresh Oil Spill From Decades-Old Amazon Pipeline
Thursday, August 11, 2016 A fresh oil spill in the Peruvian Amazon was detected from the country's four-decades-old pipeline, operator Petroperu says, bringing the number of leaks this year to four.

Venezuela Tries To Rally Support For Oil Producer Meeting
Wednesday, August 10, 2016 Venezuela tries to rally support for a meeting of oil producers to agree measures to prop up oil prices, the struggling Latin American country's biggest source of income.

Range Resources Limited Spuds New Trinidad Well
Tuesday, August 09, 2016 Range Resources Limited announces that the LD-1 development well (renamed QUN 159) in Trinidad has been successfully spudded.

Chevron Wins Ruling Blocking $8.6 Billion Order in Ecuador Fight
Monday, August 08, 2016 Chevron won a victory in its long-running battle against Ecuadoreans and the zealous American lawyer who represented them.

Total Brings Incahuasi Online in Bolivia
Wednesday, August 03, 2016 Total has brought the Incahuasi gas and condensate field in Bolivia online with a production capacity of 50,000 barrels of oil equivalent per day.

BLOG: RayJa: Time For a Sanity Check on the 'Junk Rally' at Petrobras
Wednesday, August 03, 2016 Mature oil plays, fiscal mismanagement and political scandal combine to stagnate production growth in Latin America.

Singapore Rig Giant's Man In Brazil Says Managers Backed Bribes
Wednesday, August 03, 2016 Keppel Corp.'s Brazil problems just keep growing.