Regional News: South America

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Mexico's Pemex Agrees to 3.17% Pay Increase for Oil Workers' Union
Wednesday, July 20, 2016 Pemex signs a one-year agreement with the country's oil workers union that boosts pay by 3.17 percent, the firm says.

Mexico Approves Auction Terms for 15 Offshore Oil Areas
Tuesday, July 19, 2016 Mexico's oil regulator approves contracts and auction terms for 15 shallow water areas in the southern Gulf of Mexico, set to be bid out early next year as part of a rolling series of tenders following a sweeping energy overhaul.

In Brazil, Another Shipyard Goes Bust As Work Returns To Asia
Monday, July 18, 2016 If there's one industry where all of Brazil's political and economic upheavals come together, it's shipbuilding.

Brazil Has No Plans to Privatize Petrobras, CEO Says
Monday, July 18, 2016 The Brazilian government has no plans to privatize state-run oil company Petroleo Brasileiro, and is deciding whether to sell its controlling shares, according to the firm's CEO.

Petrobras Finds Money for Olympic Sponsorships Amid Cost Cutting
Friday, July 15, 2016 The highly-indebted oil company at the center of Brazil's biggest corruption scandal still has cash to support top athletes in the run-up to the Olympic games being held in its home city.


Pan American Energy to Invest $1.4B in Argentina this Year
Thursday, July 14, 2016 Pan American Energy, a unit of BP, is planning to invest $1.4 billion in Argentina's biggest oil field and other areas this year, two sources say.

Ecuador Boosts Oil Reserves in ITT Field to 1.7 billion Barrels
Thursday, July 14, 2016 Ecuador's government says the oil bloc known as ITT holds 750 million barrels more than originally estimated, boosting the field's reserves to 1.67 billion barrels.

FPSO Cidade de Saquarema Commences Ops at Brazil's Offshore Lula Field
Wednesday, July 13, 2016 The Cidade de Saquarema floating production, storage and offloading (FPSO) vessel formally commences operations at the Lula field in BM-S-11 Block offshore Brazil.

Brazil's Petrobras Oil, Gas Production Up 2% In June
Monday, July 11, 2016 Brazilian state-run oil company Petrobras produces 2.9 million barrels equivalent of oil and natural gas per day in June, an increase of 2% compared with May.

Petrobras Oil, Gas Output Jumps to Record after Slumping During Repairs
Monday, July 11, 2016 Petroleo Brasileiro says new wells helped push oil and natural gas output to a record high in June after falling to two-year lows in recent months because of platform maintenance.

Venezuela's Energy Woes Spread To Its Closest Ally: Cuba
Friday, July 08, 2016 Venezuela's falling crude output and financial woes have left it struggling to maintain a 15-year-old oil assistance program to its closest ally, Cuba.

Mexico Ruling Party To Pick Energy Official As New Head
Friday, July 08, 2016 Mexico's ruling Institutional Revolutionary Party, or PRI, will pick a top government energy official to take over as party leader next week, two years ahead of the next presidential election.

Geopark Completes Jacana 3 Appraisal Well, Flows 1,650 Bopd
Friday, July 08, 2016 GeoPark Limited completes the Jacana 3 appraisal well, in Llanos 34 Block in Colombia, which flowed at a rate of 1,650 barrels per day.

Brazil 2017 Subsalt Oil Rights Sale To Unlock Stalled Fields
Wednesday, July 06, 2016 Brazil says it will sell 4 areas in its prolific subsalt region by mid-2017 to speed up development of offshore oil and gas discoveries.

Sea Trucks Bags Pipelay Construction Deal in Magallanes Field Off Argentina
Tuesday, July 05, 2016 Sea Trucks bags a contract from Enap Sipetrol Argentina for a pipelay construction project in the Magallanes field, offshore Argentina.

Sources: Petrobras To Sell 'Junk' Fields As Big Finds Delayed
Tuesday, July 05, 2016 Petrobras' plans to sell 'junk' oil fields off the coast of Brazil's Sergipe and Ceara states will do little to boost the economic prospects of the regions, hampered by company cutbacks and delays at larger discoveries nearby, sources say.

Petrobras' Indian Partners Fight Delay In Troubled Brazil Oil Project
Monday, July 04, 2016 Petrobras warns its Indian partners in a huge offshore project to not expect oil from the site until 2022, according to sources.

Petroperu Fined, President Ousted Over Oil Spills In Amazon
Friday, July 01, 2016 The Peruvian government dismisses the head of Petroperu, German Velasquez, and fines the state-owned energy company about $3.5 million after the third oil spill in the Amazon this year from its four-decades-old pipeline.

Keppel's BrasFELS Completes Project for MODEC's FPSO
Wednesday, June 29, 2016 Singapore-based Keppel's subsidiary BrasFELS Shipyard completes an integration and completion project for FPSO Cidade de Caraguatatuba MV27 for MODEC.

Wood Group Secures Services Contract for Peregrino Field
Tuesday, June 28, 2016 Wood Group secures a multimillion dollar contract to provide detailed engineering, design, and procurement services to SAH for the development of the Peregrino field, offshore Brazil.

Investors Seek Ruling Against Petrobras in Corruption Lawsuit
Tuesday, June 28, 2016 Investors suing Brazil's state-run oil firm Petrobras to recoup billions of dollars in losses argued that the arrests and plea deals of top company executives prove that it knew of a massive bribery and political kickback scheme.