Regional News: South America

 
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OTC 2016: Guyana's Investment Appeal Gets a Boost from Liza Oil Discovery
Thursday, May 05, 2016 Investment in Guyana's oil and gas sector gets a boost from the offshore Liza discovery.


Karoon Says PEPC's Restructuring Not Likely to Impact Brazil Work Program
Thursday, April 28, 2016 Karoon Gas Australia expects no impact on the work program for its Santos Basin blocks off Brazil despite partner Pacific Exploration and Production Corp.'s ongoing restructuring.

LGO Boosts Production at Goudron Field in Trinidad
Wednesday, April 27, 2016 Production starts from a new interval in well GY-671 on the Goudron field in Trinidad.

Venezuela Proposes Non-OPEC Oil Producers Attend Vienna Meeting
Tuesday, April 26, 2016 Venezuela proposes that non-OPEC oil producers attend the group's June meeting in Vienna to continue "dialogue and coordination".

  


Amerisur Spuds Jaguarete-1 Well in Paraguay
Friday, April 22, 2016 Amerisur Resources spuds the Jaguarete-1 well, located in the San Pedro block within the Parana basin in eastern Paraguay.

Venezuela Minister Warns Oil Prices May Collapse if Producers Don't Talk
Wednesday, April 20, 2016 Venezuelan Oil Minister Eulogio Del Pino warns that global oil stocks are nearly full and the oil price could collapse if producers did not resume talks about freezing output levels.

LGO Energy Commences Production Increase Operations at Goudron, Trinidad
Wednesday, April 20, 2016 LGO Energy plc begins work to increase oil production at its Goudron Field in Trinidad, following approval to perforate well GY-671.

Rig Leaser Sete Brasil To File For Bankruptcy Protection
Wednesday, April 20, 2016 Brazil's rig leaser Sete Brasil Participacoes SA has decided to file for bankruptcy protection.

Aker Solutions Secures Subsea Services Contract with Petrobras
Friday, April 15, 2016 Aker Solutions secures a contract with Petrobras to provide maintenance and other services for subsea facilities at the energy firm's operated oil and gas fields offshore Brazil.

Schlumberger To Pare Venezuela Services On Lack Of Payments
Wednesday, April 13, 2016 Schlumberger will reduce activity in Venezuela after the world's largest oil services provider failed to collect enough payments from the national oil company.

Latin American Oil Producers Seek Consensus over Output Freeze in Quito
Friday, April 08, 2016 Delegations from Latin American oil exporters Colombia, Ecuador, Mexico and Venezuela were in Quito to seek consensus over a possible output freeze or other methods to bolster international crude prices.

Ecuador Says Global Oil Producers Won't Discuss Cuts in Doha
Friday, April 08, 2016 Oil-producing countries meeting in Doha, Qatar, this month won’t discuss output cuts, Ecuador Oil Minister Carlos Pareja said.

Ecuador Says Global Oil Producers Won't Discuss Cuts in Doha
Friday, April 08, 2016 Oil-producing countries meeting in Doha, Qatar, this month won’t discuss output cuts, Ecuador Oil Minister Carlos Pareja said.

Venezuela Decrees Fridays A Holiday To Ease Energy Crisis
Thursday, April 07, 2016 Venezuela's President Nicolas Maduro decrees that all Fridays for the next two months will be holidays, in a bid to save energy in the blackout-hit OPEC country.

Keppel's Unit BrasFELS Bags $141M FPSO Contract from MODEC
Thursday, April 07, 2016 Keppel's BrasFELS shipyard bags a $141 million module fabrication and integration project from MODEC for FPSO Cidade de Campos dos Goytacazes MV29.