Regional News: South America

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Venezuela Will Circulate New Proposal To Support Oil Prices Next Week
Monday, January 16, 2017 Venezuela will next week circulate a new proposal to crude producers in a bid to support oil prices, President Nicolas Maduro said, without providing details.

ExxonMobil Strikes More Oil Offshore Guyana
Thursday, January 12, 2017 ExxonMobil makes a new oil discovery and finds additional resources for its Liza field offshore Guyana.

Brazil's Petrobras Breaks Drought In LatAm Market
Monday, January 09, 2017 Petrobras opened the Latin American primary markets with the region's first cross-border bond sale of the year.

LGO Receives Approval to Recommence Trinidad Drilling
Wednesday, January 04, 2017 Goudron E&P Limited receives approval from the Petroleum Company of Trinidad and Tobago and the Ministry of Energy and Energy Industries for the first of its planned Mayaro Sandstone infill wells.

Brazil's Petrobras, Joint Venture Hand Back Piracuca Oil Concession
Tuesday, January 03, 2017 Petrobras and Repsol Sinopec are handing back exploration rights at the Piracuca field in Santos basin.


Brazil's Petrobras Finalizes Sale of Nansei Sekiyu for $165M
Thursday, December 29, 2016 Brazil's state-run oil company Petroleo Brasileiro closes the sale of its 100-percent stake in Nansei Sekiyu to Taiyo Oil Company.

Peru Says It Will Nix Key Odebrecht Contract If Won Through Bribes
Tuesday, December 27, 2016 Peruvian President Pedro Pablo Kuczynski said he will terminate a $5B natural gas pipeline contract if it is found to have been won with bribes.

Venezuela Says To Cut 95,000 Bpd Crude Output In OPEC Deal
Tuesday, December 27, 2016 Venezuela says it will cut 95,000 barrels per day of oil production in the New Year.

Brazil's Petrobras hires KPMG As Auditor, Replacing Pwc
Wednesday, December 21, 2016 Petroleo Brasileiro SA has appointed KPMG as its new auditing firm for three years starting in 2017.

Petrobras Inks $2.2B Deal With Total To Sell Assets
Wednesday, December 21, 2016 Petroleo Brasileiro SA says it agreed with France's Total SA to sell $2.2 billion worth of assets.

Brazil's Petrobras Starts Oil And Gas Production In Lapa Field
Tuesday, December 20, 2016 Petroleo Brasileiro SA has started to pump oil and natural gas from the subsalt field of Lapa, in the Santos basin, the company said in a securities filing on Tuesday.

Brazilian Court Upholds Injunction On Sale Of Petrobras Oilfields
Tuesday, December 20, 2016 A Brazilian federal court has rejected an appeal by Petroleo Brasileiro SA to allow the state-controlled oil company to proceed with the sale of two oilfields.