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Regional News: South America

 
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Cidade de Ilhabela FPSO Achieves First Oil at Sapinhoa Field Development
Monday, November 24, 2014 SBM Offshore says its Cidade de Ilhabela FPSO vessel is formally on hire after achieving first oil at the Sapinhoa field development offshore Brazil.

Brazil's Petrobras Says Received US SEC Subpoena For Documents
Monday, November 24, 2014 Petrobras says it received a subpoena from the US Securities and Exchange Commission asking for documents relating to an investigation it is pursuing.

Petrobras Says 2nd Libra Well Confirms Good Quality Oil
Monday, November 24, 2014 Petrobras completes drilling of the first extension well in the massive Libra field off the coast of Rio de Janeiro, confirming good quality oil, according to a filing.

Technip Wins Brazilian Flexible Pipe Deal
Friday, November 21, 2014 French oilfield services firm Technip wins a deal to supply high-tech flexible pipes to the Iracema North pre-salt field offshore Brazil.

Brazil's Rousseff Struggling to Limit Petrobras Scandal's Damage
Friday, November 21, 2014 President Dilma Rousseff expects a bribery scandal at state-run oil company Petrobras to deteriorate in coming months, aides say, with arrests possible for some political allies and potentially serious damage to an economy that is already struggling.

  



Minister: Venezuela Willing To Cut Oil Output Along With OPEC
Thursday, November 20, 2014 Venezuela would be willing to cut its own oil production if OPEC decides to limit output when it meets on Nov. 27, Foreign Minister Rafael Ramirez says.

Source: Petrobras Probe Finds Corruption, One Executive Fired
Wednesday, November 19, 2014 Petrobras fires one executive for corruption and identifies about 15 other employees involved in irregular contracts with suppliers, a source familiar with the situation says.

Karoon Updates on Drilling at Kangaroo-2 Appraisal Well in Santos Basin
Wednesday, November 19, 2014 Karoon Gas provides update on drilling at Kangaroo-2 appraisal well in Block S-M-1165 block, Santos Basin, Brazil.

Fall in Oil Revenue Will Hit Colombia Hardest in 2016 -Official
Monday, November 17, 2014 Colombia will feel the most impact from the global decline in crude prices in 2016, the finance ministry's head of public credit said as the government braces for a drop in oil revenues.

Brazil's Petrobras Vows to Investigate Graft Allegations
Monday, November 17, 2014 Brazil's state-run oil company Petroleo Brasileiro vows to fully investigate a money-laundering scandal that has rattled the company's shares, and caused the biggest crisis to date for President Dilma Rousseff's government.

Argentina's YPF, Chile's ENAP Agree Extra $200M for Offshore Gas Project
Monday, November 17, 2014 Argentina and Chile's state-run energy firms agree to invest an extra $200 million to increase natural gas production off the southern tip of South America.

Petrobras Says 3Q Brazil Oil Output Rises to 2.09M Barrels per Day
Monday, November 17, 2014 Petrobras improves its oil production in Brazil by nine percent during the third quarter.

Sea Lion Partners Agree to Lower-Cost Development
Thursday, November 13, 2014 Premier Oil and Rockhopper Exploration agree to a lower-cost development solution for the Sea Lion field, offshore the Falkland Islands.

Petrobras Delays Earnings Report To Probe Corruption Allegations
Thursday, November 13, 2014 Petrobras delays the release of its third-quarter earnings report to allow more time to investigate corruption allegations.

Petrobras Says It Gets $2.2B From Sale Of Assets In Peru
Tuesday, November 11, 2014 Petrobras says it received $2.2 billion from the sale of its Peruvian oil and gas assets to PetroChina and its parent China National Petroleum Corp (CNPC).

Peru to Open Bidding on 7 or 8 Energy Blocks in Mid-December
Wednesday, November 05, 2014 Peru's government says that it plans to open bidding on seven or eight energy blocks in mid-December, when it will also announce winners of two additional oil contracts that have already gone out for bid.

Petrobras, PPSA Ink PIA for Tartaruga Mestica
Monday, November 03, 2014 Petrobras and PPSA have signed a Production Individualization Agreement (PIA) of the Tartaruga Mestiša, located at the south portion of the Campos Basin.

Kemp: Why Argentina Is Most Attractive Shale Play Outside of US
Monday, November 03, 2014 Argentina could be one of the first large shale plays outside of the United States, according to market analyst John Kemp.

Karoon Plans $150M Brazil Oil Well Drilling Plan, Seeks Partner
Friday, October 31, 2014 Karoon Gas Australia is trying to sell a stake in its Brazilian offshore oil-exploration blocks as it plans to start a $120 million to $150 million drilling program, its top South American executive says.

Argentine Congress Passes Law Aimed At Attracting Oil Investment
Thursday, October 30, 2014 Argentina's Congress gives final approval to a law revamping energy investment regulations, the latest step by President Fernandez to lure foreign companies into the country's promising shale sector.