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Regional News: South America

 
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Noble 'Excited' Over Falklands Drilling Despite Scotia
Wednesday, October 01, 2014 Despite its declaration of the Scotia well to be non-commercial, Noble Energy is excited about its upcoming exploration plans offshore the Falkland Islands.

Petrobras Finds Gas at Poco Verde 1 Well in Brazil's Sergie-Alagoas Basin
Thursday, September 25, 2014 Petrobras makes gas discovery at Poco Verde 1 well in concession BM-SEAL-4 in the Sergie-Alagoas Basin offshore Aracaju, Brazil.

Oil Ship Sails for Petrobras, BG, Repsol Offshore Brazil Field
Thursday, September 25, 2014 An oil production ship sailed from Rio de Janeiro on route for a Brazilian offshore oil field owned by Petrobras, BG, and a joint venture between Repsol and Sinopec, Petrobras says.

Brazilian Tycoon Charged With Market Manipulation
Wednesday, September 24, 2014 Federal prosecutors in Sao Paulo have charged Brazilian tycoon Eike Batista with manipulating the stock market and causing billions of dollars in losses.

PDVSA Asset Sales May Shield Venezuela From Possible Seizures
Wednesday, September 24, 2014 PDVSA's rushed move to sell units raises questions whether Venezuela wants to reduce international exposure to avoid potential asset grabs in the event companies win arbitration cases against the country.

  



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.

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.

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.

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.

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.

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.

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.

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.

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.