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Regional News: South America

 
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PTTEP to Acquire 20% Interest in Concession BM-ES-23 Offshore Brazil
Monday, September 22, 2014 PTTEP to acquire a 20 percent interest in Concession BM-ES-23 in the Espirito Santo Basin offshore Brazil from Shell.

Petrobras Says to Sign Libra Production Ship Contract This Month
Friday, September 19, 2014 Petrobras will sign a contract to build and lease a floating production ship for its giant Libra offshore project this month, company Chief Executive Maria das Gracas Foster says.

Brazil Official Says Shell, Total Must Accept Petrobras as Partner
Thursday, September 18, 2014 Shell and Total must accept Petrobras as a partner in their Gato do Mato offshore oil prospect under new Brazilian law, the country's top oil regulator says, a move that could strip Shell of operational control of the resource.

GE Oil & Gas Wins Subsea Manifold Deal with Petrobras
Thursday, September 18, 2014 GE Oil & Gas wins a $300 million-plus contract with Petrobras to supply subsea manifold systems for pre-salt fields located offshore Brazil.

Eni Makes 300M Barrel Oil Discovery In Ecuador
Thursday, September 18, 2014 Eni reports that it has made a 300 million-barrel oil discovery in Ecuador, southeast of Quito.

  



Petrobras Says Sergipe Oil Find To Require Expanded Output Plan
Thursday, September 18, 2014 A giant discovery off the coast of Brazil's Sergipe state holds enough hydrocarbons for Petrobras and its Indian partners to build an expensive undersea natural-gas pipeline and expand development.

Brazil Says Won't Schedule Regular Oil-Rights Auctions
Wednesday, September 17, 2014 Brazil does not intend to schedule regular oil exploration and production rights auctions, the top petroleum official at the country's energy ministry says.

Argentina Drafts Energy Bill To Lure Investors To Shale Deposits
Wednesday, September 17, 2014 Argentina's federal government reaches a preliminary agreement with provinces to reform energy regulations and improve incentives to lure foreign investors.

Leni Sees Goudron Well Flow at 700 Barrels per Day
Wednesday, September 17, 2014 Leni Gas & Oil sees "very encouraging" initial oil flow from its GY-665 well on the Goudron Field, onshore Trinidad, with the rate achieving 700 barrels per day.

Industry Group: Brazil 'Falling Off World Oil Map' Over Failed Policies
Tuesday, September 16, 2014 Investors are losing interest in Brazil's oil industry as the country's energy policies raise costs, reduce efficiency and increase risk, Brazil's oil industry association, the IBP, says.

Falkland Oil and Gas Makes Progress Ahead of 2015 Drilling Campaign
Tuesday, September 16, 2014 Falkland Oil and Gas Limited continues to interpret seismic data and contracts a rig ahead of its 2015 drilling campaign off the Falkland Islands.

Maersk Says Drilling Unit Sells Venezuela Drilling Barge Activities
Tuesday, September 16, 2014 Denmark's A.P. Moller-Maersk says its offshore oil and gas drilling unit has sold its Venezuelan barge activities.

Total: Brazil's Libra Oil Field Will Cost $80B To Develop
Tuesday, September 16, 2014 Brazil's biggest oil field Libra will cost $80 billion to develop, an executive at consortium member Total says.

Brazil To Hold Oil Rights Auction In First Half Of 2015
Monday, September 15, 2014 Brazil will hold the 13th round of its oil rights auctions in the first half of next year, a senior mines and energy ministry official says.

Aker Wins Subsea Services Deal from Petrobras
Monday, September 15, 2014 Aker Oilfield Services wins a $465 million deal from Petrobras for the use of its Aker Wayfarer vessel offshore Brazil.

President Energy Optimistic about Paraguayan Campaign
Friday, September 12, 2014 President Energy is optimistic about its Paraguayan exploration campaign as production increases at its other operations.

Brazil Says Oil Output To More Than Double In 10-Year Plan
Wednesday, September 10, 2014 Brazil will more than double oil and gas production to 5 million bpd by 2023, with the bulk of investments over the next 10 years going to exploration and production, the government says.

Technip Awarded Juniper Project Contract by BP Trinidad
Tuesday, September 09, 2014 French oilfield services firm Technip wins an EPIC contract from BP Trinidad and Tobago for the development of the Juniper project.

President Energy Spuds Paraguay Well Ahead of Schedule
Monday, September 08, 2014 President Energy spuds target #2 at Lapacho prospect in Paraguay.

Petrobras Scandal Shakes up Brazil Presidential Race
Sunday, September 07, 2014 Jailed former Petrobras director names dozens of politicians who allegedly received kickbacks off the company's contracts.

Statoil Farms into Repsol Licenses, Offshore Colombia
Friday, September 05, 2014 Norway's Statoil agrees to farm into two Repsol licenses offshore Colombia.

Petrobras Sends Proposal for Sul de Guara, Nodeste de Tupi & Florim to ANP
Thursday, September 04, 2014 Petrobras submit declaration of commerciality for the oil and gas accumulations of Sul de Guara, Nordeste de Tupi e Florim to Brazil's National Petroleum, Natural Gas and Biofueld Agency.

Ramirez Removed As PDVSA Head, Oil Minister In Venezuela Shake-Up
Wednesday, September 03, 2014 Venezuelan President Nicolas Maduro pushes Rafael Ramirez from his twin posts as oil minister and a chief of PDVSA in a cabinet shake-up.

Polarcus Strengthens Company's Presence in Brazil
Tuesday, September 02, 2014 Polarcus strengthens the seismic services company's presence in Brazil.

Argentina's YPF Reports Fire At Well, Says Energy Output Not Hurt
Tuesday, September 02, 2014 YPF says a fire occurred at a Vaca Muerta well but there were no injuries and production was not affected.

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.

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.

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.