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Regional News: South America

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Aqualis Offshore Wins Brazilian Contract
Wednesday, March 04, 2015 Aqualis Offshore wins a deal with Technip and Techint to carry out marine warranty surveys for the integration of the P-76 FPSO vessel in southern Brazil.

Brazil Oil, Gas Output Above 3 Million Barrels A Day For Second Month
Tuesday, March 03, 2015 Brazil produced more than 3 million barrels of oil and equivalent natural gas a day for the second straight month, 20% more than a year earlier.

Brazil Plans New Oil-Rights Auction In The Second Half
Tuesday, March 03, 2015 Brazil plans to hold its 13th round auction of oil and natural gas exploration and production rights in the second half of 2015, Mines and Energy Minister Eduardo Braga says.

Eirik Raude Rig Arrives Ahead of Falklands Drill
Tuesday, March 03, 2015 Rockhopper Exploration says the Eirik Raude rig will shortly move onto location to drill the first well on the Zebedee prospect, north of the Falkland Islands.

Technip Wins Lula Alto Contract
Monday, March 02, 2015 Technip wins contract to supply flexible pipelines and associated equipment for the Lula Alto field offshore Brazil.


Venezuela Objects to Oil Exploration off Neighboring Guyana
Monday, March 02, 2015 Guyana says that neighboring Venezuela is objecting to oil exploration in contested waters off the smaller South American country's coast.

Petrobras to Sell $13.7B in Assets in 2015 and 2016
Monday, March 02, 2015 Petróleo Brasileiro SA plans to dispose of as much as $13.7 billion in assets this year and next as part of efforts by Brazil's largest state-controlled company to reduce debt and protect cash.

Petrobras Denies Hiring JPMorgan For Subsalt License Sales
Friday, February 27, 2015 Petrobras denies it hired JPMorgan Chase to handle the sale of oil exploration licenses in deep-sea areas off the coast this year.

Argentina's YPF Disappoints With Earnings But Output Growing
Thursday, February 26, 2015 YPF disappoints the market with its earnings but announces that output at a key shale oil and gas field was ramping up.

Venezuela Seeks Annulment of Exxon Award at World Bank Tribunal
Thursday, February 26, 2015 Venezuela has requested the annulment of a World Bank tribunal award that orders it pay Exxon Mobil Corp $1.6 billion in compensation for nationalizations, both sides say.

CFPS Wins Engineering, Design Deal for Brazil's Parnaiba Basin Gas Project
Thursday, February 26, 2015 Fluor's joint venture firm CFPS secures an engineering and design contract from PGN for a gas field development in the Parnaiba Basin in Maranhao state in Brazil.

Brazil Shipbuilder OSX Says CFO Steps Down, CEO To Take Role
Tuesday, February 24, 2015 OSX Brasil CFO Claudio Antônio da Silva Zuicker is stepping down, and CEOVladimir Kundert Ranevsky will add the role of CFO.

Mexican Billionaire Slim Cuts Stake In Argentina's YPF
Tuesday, February 17, 2015 Mexican billionaire Carlos Slim and his family reduce their exposure to Argentine energy company YPF last year, selling just over 10 million shares, according to an SEC filing.

Seadrill Gives Up On $1.1B of Petrobras Orders
Friday, February 13, 2015 Offshore driller Seadrill cuts $1.1 billion worth of Petrobras orders from its backlog due to the Brazilian firm's troubles.

BW Offshore Says Four Brazilians, One Indian among Workers Killed
Friday, February 13, 2015 Norway's BW Offshore says four of its workers killed in an explosion offshore Brazil this week were Brazilian nationals while the fifth worker killed was Indian.

BW Confirms Five Deaths, Four Missing in FPSO Explosion Offshore Brazil
Thursday, February 12, 2015 BW Offshore confirms that fatalities from the explosion onboard the floating production, storage and offloading unit Cidade de Sao Mateus, offshore Brazil has risen to five, with four crew still missing.

Petrobras Ends Drilling, Testing of First Appraisal Well in Libra Block
Wednesday, February 11, 2015 Petrobras completes drilling and testing of the first appraisal well in Libra block in the Santos Basin pre-salt, offshore Brazil.

Pluspetrol Interested in Bidding on Peru's Biggest Oil Block
Wednesday, February 11, 2015 Argentine energy company Pluspetrol is interested in bidding on the rights to continue developing Peru's biggest oil block after its contract expires on Aug. 15, a company manager says.

Petrobras Brazil Offshore Explosion Kills 3, 6 Missing
Wednesday, February 11, 2015 At least 3 workers are killed and 10 injured by an explosion on an offshore oil and gas platform operated by Petrobras.

Argentina Says 2014 Oil, Gas Output Fell Despite Increase by YPF
Monday, February 09, 2015 Argentine oil output fell 1.4 percent last year versus 2013 to 30.88 million cubic meters while the country's natural gas production edged 0.5 percent lower to 41.48 billion cubic meters, according to data provided by the Energy Secretariat.

Brazil's Petrobras Taps State Banker As CEO; Shares Dive
Friday, February 06, 2015 President Rousseff appoints a confidant from a state-run bank to be the next head of Petrobras, chilling investor hopes that a new management team would steer it out of a huge corruption scandal.

Petrobras Discovers Oil at Basilisco Well in Brazil's Campos Basin
Thursday, February 05, 2015 Petrobras discovers oil at Basilisco well in concession BM-C-35 in the Campos Basin post-salt layer offshore Brazil.

Petrobras Management Quits, Race On To Find Replacements
Wednesday, February 04, 2015 The CEO and other senior management at Petrobras resign amid a festering corruption scandal, unleashing a scramble to find replacements capable of restoring investor confidence in the company.

President Energy NED Role for Former Foreign Office Minister
Wednesday, February 04, 2015 President Energy appoints former Foreign Office Minister Alistair Burt to its board as a non-executive director.

Petrobras Shares Surge 15% On Report Rousseff To Replace CEO
Tuesday, February 03, 2015 Petrobras rose more than 15%, their biggest 1-day jump in 16 years, after a local newspaper reported the country's President Dilma Rousseff has decided to replace the embattled company's CEO.

Petrobras Finds Oil at Third Extension Well in Sergipe Basin Off Brazil
Tuesday, February 03, 2015 Petrobras confirms the extension of the August 2013 oil and gas discovery by drilling a third extension well in the ultra deepwaters of Sergipe Basin's Farfan area off Brazil.