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Regional News: South America

 
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Petrobras Makes Discovery in Espirito Santo Basin
Friday, October 24, 2014 Petrobras announces the discovery of a hydrocarbon accumulation in deep waters of the Espirito Santo Basin.

Colombia Could Lower Oil Price Projections For 2015 And 2016
Wednesday, October 22, 2014 Colombia may revise down its projections for the price of oil in 2015 and 2016, Finance Minister Mauricio Cardenas says.

Amerisur To Add Exploration License in Colombia
Wednesday, October 22, 2014 Amerisur presents to ANH a request for a partial assignment of interest, rights and obligations in the exploration contract Put-30.

Report Oil Found In Paraguay; Gov't Cautious
Monday, October 20, 2014 A British energy company says it made its first major oil discovery in Paraguay's Chaco Basin, though the government says it's too soon to tell if the find is commercially viable.

Ocean Rig, Petrobras Agree To 3-Year, $1.1B Drillships Lease
Monday, October 20, 2014 Ocean Rig signs a $1.1B 3-year contract with Petroleo Brasileiro to extend a lease on two ultra-deepwater drilling ships.

  



Chevron: Oil Slide Puts Venezuela Projects Under Pressure
Wednesday, October 15, 2014 The recent slide in global oil prices puts projects under heavy pressure, executives at two major production companies told an industry conference in Venezuela.

Petrobras Commences Production at Santos Basin Pre-Salt Iracema Sul Area
Wednesday, October 15, 2014 Petrobras commences production from the Cidade de Mangaratiba floating production, storage and offloading vessel at the Santos Basin pre-salt area of Iracena Sul in Lula field, offshore Brazil.

Venezuela Says To Pay Less Than $1B To Exxon Over Nationalization
Friday, October 10, 2014 Venezuela will end up paying less than $1 billion to ExxonMobil for oil assets nationalized in 2007, after this week's World Bank tribunal award, the Venezuelan government says.

Petrobras Inks LOI with Odebrecht-Teekay to Charter FPSO for Libra Project
Friday, October 10, 2014 Petrobras inks a letter of intent with Odebrecht-Teekay for the charter of a floating production, storage and offloading-type platform for the Libra project in Santos Basin, offshore Brazil.

Conoco Files For ICC Arbitration Against Venezuela's PDVSA
Friday, October 10, 2014 ConocoPhillips files for arbitration at the International Chamber of Commerce against PDVSA for compensation related to the termination of its partnership contract after the nationalization of oil projects.

Argentine Senate OKs Energy Bill Aimed At Luring Shale Investors
Thursday, October 09, 2014 Argentina's Senate approves a bill aimed at increasing incentives to lure the foreign investors needed to develop its vast shale reserves and erase the country's costly energy deficit.

Venezuela Ordered To Pay Exxon $1.6B For Nationalization
Thursday, October 09, 2014 A World Bank arbitration tribunal has determined Venezuela must pay ExxonMobil around $1.6 billion to compensate for a 2007 nationalization.

Argentina Says, Then Denies, Gas Deal Reached With Gazprom
Wednesday, October 08, 2014 Gazprom plans to invest in Argentina's natural gas sector, the South American country's industry ministry says.

Petrobras Confirms Oil Find at Espirito Santo Basin Offshore Brazil
Wednesday, October 08, 2014 Petrobras confirms oil find at BM-ES-23 concession in the Espirito Santo Basin offshore Brazil.

As Money Runs Out, Fallen Brazilian Tycoon Batista Faces The Law
Wednesday, October 08, 2014 A year after the epic collapse of his industrial empire, Brazilian tycoon Eike Batista's financial and legal troubles appear far from over.

Colombia's Oil Sector Rejects Proposed Tax Reform
Monday, October 06, 2014 Colombia's oil sector rejects a proposed tax reform that the government has presented to Congress.

Argentina's Pluspetrol to Buy Apco Oil and Gas for $427 Million
Friday, October 03, 2014 Pluspetrol Resources agrees to buy Apco Oil and Gas International for $427 million, sending shares up 18 percent.

Noble 'Excited' Over Falklands Drilling Despite Scotia
Wednesday, October 01, 2014 Despite its declaration of the Scotia well to be non-commercial, Noble Energy is excited about its upcoming exploration plans offshore the Falkland Islands.

Petrobras Finds Gas at Poco Verde 1 Well in Brazil's Sergie-Alagoas Basin
Thursday, September 25, 2014 Petrobras makes gas discovery at Poco Verde 1 well in concession BM-SEAL-4 in the Sergie-Alagoas Basin offshore Aracaju, Brazil.

Oil Ship Sails for Petrobras, BG, Repsol Offshore Brazil Field
Thursday, September 25, 2014 An oil production ship sailed from Rio de Janeiro on route for a Brazilian offshore oil field owned by Petrobras, BG, and a joint venture between Repsol and Sinopec, Petrobras says.