Regional News: South America
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Brazilian Lawmakers to Monitor Any Probes of Petrobras Bribery Claims
Wednesday, March 12, 2014 Brazil's lower house of Congress approves the creation of a special committee to monitor any probes in the Netherlands of allegations that SBM Offshore paid bribes to officials at Petrobras.
Global Energy Signs Colombian Farm-out Deal
Monday, March 10, 2014 Global Energy Development agrees a farm-out deal with Everest Hill Energy Group of a 50-percent of a license it holds located within the Middle Magdalena Basin, Colombia.
Argentina's YPF Says 2013 Profit Was $779 million
Friday, March 07, 2014 YPF says its net profit for full-year 2013 was $779 million, an increase of 45.6% over the previous year.
Brazil's Petrobras Finds New Oil In Offshore Florim, Iara Fields
Friday, March 07, 2014 Petrobras discovers new, good-quality oil deposits in the so-called sub-salt region.
Niche Products Unveils Facility in Brazil
Thursday, March 06, 2014 Niche Products announces that the formal establishment of Niche Produtos do Brasil is now underway.
CERAWEEK: Eni Says Venezuela Gas Project To Start Early Production End-2014
Tuesday, March 04, 2014 Eni and Repsol will start early production of their offshore natural gas project in the Gulf of Venezuela with PDVSA at the end of this year, Eni's CEO says.
Rockhopper Appoints New CFO
Thursday, February 27, 2014 Rockhopper Exploration appoints Stewart MacDonald as its new CFO.
Repsol Seeking Upstream Buys After Argentina Settlement
Wednesday, February 26, 2014 Repsol says it was on the lookout for acquisitions to boost its E&P business following the bruising loss of its Argentine energy arm two years ago.
Spain's Repsol Agrees To $5B Settlement With Argentina Over YPF
Tuesday, February 25, 2014 Repsol approves a $5B settlement with the government of Argentina, ending a 2-year dispute over the seizure of the company's operations in the country.
Brazil's Petrobras Cuts Spending As Quarterly Profit Falls 19%
Tuesday, February 25, 2014 Petrobras moved to check years of missed targets, soaring costs and rising debt by scaling back near-term investments and setting a limit on long-term growth.
SapuraKencanca Launches Sapura Topazio PLSV at IHC Merwede's Yard
Monday, February 24, 2014 SapuraKencana launches a second pipe laying support vessel, the Sapura Topazio, for service with Petrobras at IHC Merwede's shipyard in the Netherlands.
Noble Completes 3D Seismic Survey Offshore Falkland Islands
Monday, February 24, 2014 2,200 square miles of 3D seismic data collected over Northern Area licenses, offshore the Falkland Islands.
Production Commences at 9-SPS-77 Well in Santos Basin's Sapinhoa Field
Friday, February 21, 2014 Petrobras reports that production has commenced at well 9-SPS-77 in Sapinhoa field in Block BM-S-9 in Santos Basin, Brazil.
Repsol to Make 1.3B Euro Provision over YPF
Friday, February 21, 2014 Spanish oil major Repsol says it will book a $1.8-billion impairment charge in its 2013 results after writing down the value of shares in YPF expropriated by the Argentine government.
Malaysia's Petronas Eyes Investment In YPF's Shale Field In Argentina
Tuesday, February 18, 2014 YPF has signed a memorandum of understanding for Malaysian energy company Petronas to invest in its massive Vaca Muerte shale formation.
Venezuela Renames Top Oil Reserve After Hugo Chavez
Tuesday, February 18, 2014 Venezuela renames its largest crude reserve, traditionally known as the Orinoco Belt, after the country's late socialist leader.
Petrobras Investigating SBM Offshore Bribery Allegations
Tuesday, February 18, 2014 Petrobras is investigating allegations that SBM Offshore paid bribes to win contracts for floating oil platforms, CEO Maria das Gracas Foster says.
Venezuela Signs $1.2B Loan From Repsol For Joint Oil Deal
Friday, February 14, 2014 PDVSA and Repsol complete a $1.2 billion financing agreement to help boost output at the Petroquiriquire joint venture.
Apache to Sell Argentina Ops for $852M
Wednesday, February 12, 2014 Apache announces an agreement to sell all of its operations in Argentina to YPF for cash payment of $800 million plus the assumption of $52 million of bank debt as of June 30, 2013.
Helix Inks Petrobras Deal Offshore Brazil
Tuesday, February 11, 2014 Helix Energy Solutions enters into agreements with Petrobras to provide well intervention services offshore Brazil.