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Regional News: South America

 
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Argentina's YPF Reaches Deal With Petronas To Develop Shale Oil
Thursday, August 28, 2014 YPF reaches a deal worth $550 million with Petronas to develop shale oil in the vast Vaca Muerta formation.

Wood Group Kenny Secures Contracts from Petrobras
Tuesday, August 26, 2014 Wood Group Kenny secures two contracts, worth over $2 million, from Petrobras, including one for the pre-salt Lapa field off the south coast of Rio de Janiero.

Discoveries, Acquisitions Boost Pacific Rubiales Oil Resources 45%
Monday, August 25, 2014 Pacific Rubiales says its oil resources estimate from exploration blocks had risen 45% to 6.2 billion barrels of oil equivalent by the end of March versus its 2012 estimate.

YPF Makes Oil And Gas Discovery In Patagonia
Monday, August 25, 2014 YPF says it struck oil and gas at a well drilled in Patagonia.

Argentina's YPF Extends Energy Deal With China's Sinopec To 2027
Friday, August 22, 2014 YPF and a subsidiary of Sinopec Group agree to extend their joint oil exploration and development projects in the western Argentine province of Mendoza until 2027.

  



Leni Drills 5th Well in Trinidad Development Campaign
Thursday, August 21, 2014 Leni Gas & Oil drills the fifth well in its 30-well development campaign at the Goudron field, onshore Trinidad.

Bolivia Says Has Deal To Pay Pan American For 2009 Expropriation
Thursday, August 21, 2014 Pan American Energy agrees to accept less than 30% of the $1.49B it demanded from Bolivia as compensation for the 2009 nationalization of a subsidiary, the Andean nation's state attorney general says.

Argentina's YPF Says Strikes Oil In Southern Province Of Neuquen
Thursday, August 14, 2014 YPF says it discovered a non-conventional oil field in the southern province of Neuquen.

Petrobras Says Well in Jupiter Area Confirms Subsalt Discovery
Wednesday, August 13, 2014 Brazil's Petrobras says fourth well drilled in the offshore Jupiter area shows the existence of a subsalt oil discovery.

Brazil's Petrobras Says To Meet 2014 Output Goal, Slash Fuel Imports
Monday, August 11, 2014 Petrobras reaffirms its forecast for a 7.5% increase in Brazilian oil output in 2014, challenging growing concern the company will extend a decade of failure in meeting production targets.

Petrobras and Japan's NEXI, Mizuho Bank Ink $500M Loan Guarantee Deal
Thursday, August 07, 2014 Petrobras inks deal with Japan's Nippon Export and Investment Insurance and Mizuho Bank to issue a $500 million loan guarantee for projects on floating production, storage and offloading platform hulls.

Leni Appoints New Finance Director
Thursday, August 07, 2014 Leni Gas & Oil appoints James Adam Thadchanamoorthy as its new finance director.

Argentina's YPF Second-Quarter Net Profit Below Market Expectation
Thursday, August 07, 2014 YPF had a second quarter net profit of $187.6 million, the company said, coming in below market expectation.

Pluspetrol to Invest $500M in Peru Natgas Block
Monday, August 04, 2014 The Camisea Consortium plans to invest $500 million in the next two years to explore and develop natural gas block 88 in southern Peru.

Govt Source: Petrobras Unlikely to Meet 2014 Oil Output Goal
Monday, August 04, 2014 Petrobras will probably not meet its oil production target for 2014 because of continued delays in the startup of new offshore oil platforms, according to a government source.

Leni Drills 'Best Well So Far' on its Goudron Field
Monday, August 04, 2014 Leni Gas & Oil says electric logs taken at its GY-667 well, onshore Trinidad, contains 219 feet of net oil pay in the Gros Morne Sandstone.