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Regional News: South America

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Argentina's Congress Approves $5B Repsol Indemnity
Thursday, April 24, 2014 Argentina's government is hoping to have an easier time attracting international investors to exploit its fields now that its Congress has agreed to pay Grupo Repsol $5B.

Leni Reports Rig Arrival at Goudron Field
Thursday, April 24, 2014 Leni Gas & Oil reports that Well Services Rig 20 has arrived at the Goudron Field, onshore Trinidad, where it will drill the field's first well since 1981.

Range Makes Progress with Trinidad Assets
Tuesday, April 22, 2014 Range Resources reports progress with its onshore assets in Trinidad.

Ex-Energy Minister To Head Chile State Oil Firm ENAP
Monday, April 21, 2014 Former energy minister Marcelo Tokman will take over as head of Empresa Nacional del Petroleo (ENAP) from May.

BW Offshore Gives Up Polvo Field Stake
Monday, April 14, 2014 BW Offshore chooses to terminate letter of intent that would have allowed it to acquire 30 percent of the Polvo field, offshore Brazil.


Floatec Installs P-61 TLWP in Papa Terra Field in the Campos Basin
Thursday, April 10, 2014 Floatec installs the P-61 tension leg wellhead platform in the Papa Terra field in the Campos Basin offshore Brazil.

Chevron, YPF Boost Spending To Develop Argentine Shale
Thursday, April 10, 2014 Chevron and YPF say they would spend an additional $1.6 billion to continue developing Argentina's Vaca Muerta shale formation.

Brazil's Odebrecht, Braskem to Operate US Petrochemical Project
Thursday, April 10, 2014 Brazil's Braskem and Odebrecht play leading roles in upcoming petrochemical hubs in West Virginia and Mexico.

Aker Wins Subsea Manifold Deal with Petrobras
Wednesday, April 09, 2014 Aker Solutions wins a $300 million-plus contract with Petrobras to supply subsea manifolds designed to boost oil recovery from deep-water fields offshore Brazil.

First Oil Flows from 7-SPH-04-SPS Well in Sapinhoa Field in Santos Basin
Monday, April 07, 2014 Petrobras reports production commenced at the 7-SPH-04-SPS well in Sapinhoa field in Santos Basin pre-salt region, offshore Brazil.

Thai PTTEP Signs Petroleum Exploration Deal with Brazil's BG
Friday, April 04, 2014 PTTEP signs an agreement with BG E&P Brasil for a 25-percent stake in four deep-water blocks in Brasil.

Petrobras Setbacks Threaten 2014 Oil Production Targets
Friday, April 04, 2014 Petrobras suffers another setback in its effort to boost oil output after a steel pipe drops into the Atlantic Ocean.

Chevron Brazil Faces Criminal Oil-Spill Charges, Reinstated on Appeal
Friday, April 04, 2014 Brazilian judges order a criminal prosecution of Chevron Corp. over a November 2011 oil spill.

Brazil's Oil, Gas Output Rises In February, New Fields Online
Thursday, April 03, 2014 Brazilian output of oil and natural gas rose in February as new fields came online, ANP says.

Spain's Repsol Starts Gas Production At Kinteroni field In Peru
Monday, March 31, 2014 Repsol starts gas production at the Kinteroni field in Peru, one of 10 main projects in its 2012-2016 strategic plan.

Petrobras Finds No Evidence Of Bribes In SBM Offshore Probe
Monday, March 31, 2014 Petrobras says an internal investigation of alleged corruption by SBM Offshore NV found no evidence of bribes paid to Petrobras employees.

Statoil Gets Nod To Take Vale's Stake In Brazil Blocks
Friday, March 28, 2014 Brazil approves Statoil's acquisition of a stake in an offshore oil concession from Vale.

Argentine Senate OKs Plan To Pay Repsol For 2012 YPF Takeover
Thursday, March 27, 2014 Argentina's Senate approves a government proposal to pay Repsol $5B in bonds to compensate the Spanish oil major for the nationalization of its majority stake in energy company YPF two years ago.