Regional News: South America

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Directors Recommend Rockhopper, FOGL Merger
Tuesday, November 24, 2015 Board directors at Rockhopper Exploration and Falkland Oil and Gas recommend that the two companies merge.

Petrobras Lost 2.29M Barrels of Oil to Strike
Monday, November 23, 2015 Petroleo Brasileiro loses out on 2.29 million barrels of oil and 48.8 million cubic meters of natural gas due to an ongoing strike.

Colombia's Ecopetrol To Explore In Four Gulf Of Mexico Blocks
Monday, November 23, 2015 The US affiliate of Colombian state-run oil company Ecopetrol will explore for oil in four blocks in the Gulf of Mexico, the company said in a statement.

Premier Spuds Isobel-2 Well in North Falkland Basin
Monday, November 23, 2015 Premier Oil spuds the Isobel-2 well in the North Falkland Basin in the South Atlantic.

Range Resources Ltd Prepares for Production Testing at Well GY 180SE
Friday, November 20, 2015 Range Resources Limited prepares for production testing at well GY 180SE, located in Trinidad, after the well encountered hydrocarbon sands and oil shows during drilling operations.


Wood Mac: Vaca Muerta Shale Play to Double Output by 2018
Thursday, November 19, 2015 Wood Mackenzie expects production from Latin America's Vaca Muerta shale play to double by 2018.

Petrobras' Dangerous Debt Math: $24B Owed in 24 Months
Thursday, November 19, 2015 The debt clock is ticking down at Brazil's troubled oil giant, Petrobras. Next up: $24 billion of repayments over 24 months.

Petrobras Confirms Oil Find at Pitu North-1 Well in Brazil's Potiguar Basin
Wednesday, November 18, 2015 Petrobras confirms an oil discovery at the Pitu North 1 extension well in the deepwater Potiguar Basin, offshore Brazil.

Companies Piggyback on Monitoring Technology to Save Money in Oil Patch
Wednesday, November 18, 2015 One of the world's largest seismic arrays has set the stage for cost-effective microseismic monitoring.

Petrobras Holdout Strikers To Vote On New Deal Thursday
Wednesday, November 18, 2015 A union representing workers in the Brazil's top oil region will vote on Thursday on a contract offer from Petrobras or continue a strike, the union said.

Brazil Oilworkers Local Tells Members To Quit Petrobras Platforms
Tuesday, November 17, 2015 The Brazilian oilworkers union local responsible for the bulk of the country's oil and gas output told its members to leave all Petroleo Brasileiro SA vessels in the Campos Basin.

Key Petrobras Union Still On Strike Over Back-Pay, Asset Sales
Monday, November 16, 2015 A union representing workers at Petrobras in Brazil's most important production area said it remains on strike over back pay and the state-owned oil company's plans for assets sales.

Brazil Oil Workers' Union Proposes Ending Petrobras Strike
Friday, November 13, 2015 Leaders of Brazil's largest oil workers' union said they had proposed ending a 13-day strike at state-run oil firm Petroleo Brasileiro SA.

Petrobras Seeks Funding Alternatives to Counter Junk Debt Yields
Friday, November 13, 2015 Petroleo Brasileiro SA is looking to fight back the junk debt ratings that have made its borrowing costs balloon.

Sepia East Field, Offshore Brazil, Declared Commercial
Friday, November 13, 2015 Petrobras has submitted a declaration of commerciality to the Brazilian government for the Sepia East field located in the Santos Basin.

Brazil's Petrobras Posts $1.01B Loss In 3Q
Thursday, November 12, 2015 Petrobras posts a loss of $1.01 billion in the third quarter as lower oil prices, a weaker Brazilian currency against the dollar and the country's worst recession in decades crimped revenue.

Peru To Cut Oil, Gas Royalties To 5% To Counter Price Slump
Wednesday, November 11, 2015 Peru is reducing royalties on oil and gas production to about 5% on average from the current 20% in order to encourage exploration amid slumping prices, the government says.

Colombia Oil Output Seen Slumping Below Target as Wells Drop
Wednesday, November 11, 2015 Colombia's oil production is set to fall below 1 million barrels a day next year as exploration collapses and major fields age, the head of the country's oil association said.

Petrobras Cancels Oil Strike Talks, May Set New Date
Tuesday, November 10, 2015 Petrobras cancels talks with union leaders planned aimed at settling a strike that is now in its ninth day.

Argentina's Supreme Court Orders YPF To Disclose Chevron Contract
Tuesday, November 10, 2015 Argentina's Supreme Court ordered YPF to fully disclose its contract with Chevron amid allegations of secret clauses in the agreement.

Range Resources Limited Spuds Second Well of 22 Well Program
Monday, November 09, 2015 Range Resources Limited spuds the GY 180SE well, which is the second well of a 22 well drilling program in Trinidad.

Colombia To Cut Oil Taxes In Bid To Boost Offshore Exploration
Monday, November 09, 2015 Colombia will lower tax rates for oil companies drilling in some offshore blocks in the Caribbean, the Mines and Energy Minister says.

Exxon, Total Join Forces To Drill Uruguay's First Offshore Well
Monday, November 09, 2015 ExxonMobil acquires a 35% stake in an oil block off Uruguay's coast, teaming up with Total to spud the country's first offshore exploratory well, state oil firm ANCAP says.

Brazil Oil Union Says Petrobras Pushing Back Against Strike
Friday, November 06, 2015 Petrobas is increasing its effort to weaken the impact of a 5-day strike, taking back control of at least two offshore oil units from striking workers, according to the main union behind the walk-out.

Argentina's YPF Says Sees Fall In Capital Spending In 2016
Friday, November 06, 2015 YPF forecast that 2016 capital expenditures would decline toward the lower end of a $5-$6B range and expected a devaluation of the peso next year that would exceed inflation.

Argentina's YPF Says Net Income Drops On Investment Amortization
Thursday, November 05, 2015 YPF says net income fell 42% in the 3Q from the same period a year earlier largely due to the amortization of investments made over the past three years.

Source: Petrobras Strike Cuts Output By 100,000 Barrels On Thursday
Thursday, November 05, 2015 A 5-day strike cut oil production at Petrobras by 100,000 barrels.

Petrobras: Brazil Oil Strike Cuts Output Up to 13%
Wednesday, November 04, 2015 A labor strike that began on Sunday has reduced oil production from Petrobras by 273,000 barrels, or 13 percent of its output, the company says.

Worst Petrobras Strike In 20 Years Endangers Debt Plan
Wednesday, November 04, 2015 A 4-day strike against Petrobras gathers steam, cutting crude and natural gas output from the oil producer and threatening to become the most disruptive walkout in 20 years.

Diamond Offshore Says 2 Rig Contracts with Petrobras Terminated
Monday, November 02, 2015 Diamond Offshore Drilling Inc says contracts for 2 rigs with Brazil's Petrobras have ended ahead of schedule.

Petrobras Oil Workers Begin Strike, Seek to Block Asset Sales
Monday, November 02, 2015 Brazil's main oil union began a nationwide strike to halt asset sales by Petrobras at a time the company is slashing investments to reduce the biggest debt load in the oil industry.

Brazil's Main Oil Union to Strike Against Petrobras from Sunday
Friday, October 30, 2015 Brazil's largest oil workers union will start an open-ended strike against Petrobras on Sunday in a bid to overturn moves to shrink the state-run oil company.

Technip Wins Libra Field Pipe Contract
Tuesday, October 27, 2015 French oilfield services firm Technip wins 'a substantial contract' to supply flexible pipes to the Libra giant field development offshore Brazil.