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Regional News: South America

 
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Bolivia Says Has Deal To Pay Pan American For 2009 Expropriation
Thursday, August 21, 2014 Pan American Energy agrees to accept less than 30% of the $1.49B it demanded from Bolivia as compensation for the 2009 nationalization of a subsidiary, the Andean nation's state attorney general says.

Leni Drills 5th Well in Trinidad Development Campaign
Thursday, August 21, 2014 Leni Gas & Oil drills the fifth well in its 30-well development campaign at the Goudron field, onshore Trinidad.

Argentina's YPF Says Strikes Oil In Southern Province Of Neuquen
Thursday, August 14, 2014 YPF says it discovered a non-conventional oil field in the southern province of Neuquen.

Petrobras Says Well in Jupiter Area Confirms Subsalt Discovery
Wednesday, August 13, 2014 Brazil's Petrobras says fourth well drilled in the offshore Jupiter area shows the existence of a subsalt oil discovery.

Brazil's Petrobras Says To Meet 2014 Output Goal, Slash Fuel Imports
Monday, August 11, 2014 Petrobras reaffirms its forecast for a 7.5% increase in Brazilian oil output in 2014, challenging growing concern the company will extend a decade of failure in meeting production targets.

  



Argentina's YPF Second-Quarter Net Profit Below Market Expectation
Thursday, August 07, 2014 YPF had a second quarter net profit of $187.6 million, the company said, coming in below market expectation.

Leni Appoints New Finance Director
Thursday, August 07, 2014 Leni Gas & Oil appoints James Adam Thadchanamoorthy as its new finance director.

Petrobras and Japan's NEXI, Mizuho Bank Ink $500M Loan Guarantee Deal
Thursday, August 07, 2014 Petrobras inks deal with Japan's Nippon Export and Investment Insurance and Mizuho Bank to issue a $500 million loan guarantee for projects on floating production, storage and offloading platform hulls.

Leni Drills 'Best Well So Far' on its Goudron Field
Monday, August 04, 2014 Leni Gas & Oil says electric logs taken at its GY-667 well, onshore Trinidad, contains 219 feet of net oil pay in the Gros Morne Sandstone.

Govt Source: Petrobras Unlikely to Meet 2014 Oil Output Goal
Monday, August 04, 2014 Petrobras will probably not meet its oil production target for 2014 because of continued delays in the startup of new offshore oil platforms, according to a government source.

Pluspetrol to Invest $500M in Peru Natgas Block
Monday, August 04, 2014 The Camisea Consortium plans to invest $500 million in the next two years to explore and develop natural gas block 88 in southern Peru.

President Takes 100% Ownership of Puesto Guardian Fields
Wednesday, July 30, 2014 President Energy agrees to pay $6.9 million for the 50% stake in Argentina's Puesto Guardian concession that it does not already own.

Brazil's ANP Fines Petrobras Over Output Measures
Monday, July 28, 2014 Brazil's petroleum regulator, the ANP, fines state-run oil company Petroleo Brasileiro SA 5.55 million reais ($2.49 million) after problems are discovered with gauges used to measure oil and gas output in the Lula offshore field.

Brazil Regulator Approves Petrobras Plan to Upgrade Marlim Field
Friday, July 25, 2014 Brazil's oil regulator ANP approves a plan by Petrobras to renew its development plan for the Marlim offshore oil field, one of the country's largest.

Strike Cuts Oil, Gas Output In Argentina's Neuquen Province
Thursday, July 24, 2014 YPF says a labor strike in Neuquen will cut output by 80,000 barrels of crude oil and 3 million cubic meters of natural gas.

Strike Paralyzes Oil, Gas Output in Neuquen
Thursday, July 24, 2014 An oil workers' strike paralyzes oil and gas production in the Argentine province of Neuquen.