Regional News: South America

 
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YPF, Gazprom Sign Accord to Develop Gas Projects in Argentina
Friday, September 04, 2015 The agreement to develop tight and shale hydrocarbons in Argentina sets out the principles for cooperation for a final accord that could be signed in the Russian spring.

Brazil Oilworkers' Union Delays Strike Until Sunday At Earliest
Thursday, September 03, 2015 Brazil's main oilworkers union federation FUP says it has delayed a planned open-ended strike against Petrobras until Sunday at the earliest.

Maduro: China Signs Off on $5B Loan to Boost Venezuela Oil Output
Wednesday, September 02, 2015 China inks agreement to provide a $5 billion loan to help Venezuela boost its oil production.

Brazil Oilworkers Tell Petrobras Open-Ended Strike To Start Friday
Tuesday, September 01, 2015 Brazil's largest oil-workers' union advised Petrobras that it plans to begin a open-ended strike against the state-run oil company starting at midnight on Friday.

Trinity to Sell GU-1 Block for $2.8M
Tuesday, September 01, 2015 Trinity agrees to sell its 100 percent interest in the onshore Guapo-1 (GU-1) block to New Horizon Exploration Trinidad and Tobago Unlimited for $2.8 million.

  


Kremlin: Putin, Venezuela's Maduro to Discuss Oil Price Stabilisation
Monday, August 31, 2015 Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro discuss ways to stabilize global oil prices during a visit to China.

Brazil And Mexico Vie for Cash From Oil Explorers in Price Rout
Monday, August 31, 2015 Brazil and Mexico are preparing to compete for investments from some of the same oil majors when they hold auctions that are only a week apart at a time the price rout is prompting spending cuts.

Brazil to Offer Deal with Firms Involved in Petrobras Scandal
Wednesday, August 26, 2015 Brazil will offer companies implicated in a massive corruption scandal at state-run Petroleo Brasileiro SA a deal that would include the payment of fines and compensation in exchange for doing business again with the oil producer, daily Folha de S.Pa

Venezuelan President Says Oil Basket Set to Fall to $30 or Less
Wednesday, August 26, 2015 President Nicolas Maduro says Venezuela's petroleum export basket is poised to fall to $30 per barrel or less, adding he was seeking to a deal with OPEC and Russia to stabilize prices.

FOGL: $1.95M Loss in 1H 2015, Humpback Well Delay
Tuesday, August 25, 2015 In its 2015 first half results, Falkland Oil and Gas Limited (FOGL) reveals a $1.95 million loss for the six month period ended June 30, 2015 and announces a delay to the Humpback well program.

Oil at $77? It Is in This Country That Plays by Its Own Rules
Tuesday, August 25, 2015 South America's second-largest and most enigmatic economy, Argentina is marching to its own beat.

Range Confirms Plans to Drill 22 Wells in Trinidad by 2016
Monday, August 24, 2015 Range Resources confirms plans to drill 22 exploration and development wells in Trinidad by the end of the first quarter of 2016.

Argentine Oil Output Up .7% In June, Natural Gas Up 3.1%
Monday, August 24, 2015 Argentine oil production crept .7% higher in June versus the same month last year, despite a fall in international crude prices.

Peru Gives Canadian Firm Two-Year Contract for Biggest Oil Block
Friday, August 21, 2015 Peru negotiates a two-year deal with Canada's Pacific Exploration and Production Corp to operate and develop the country's biggest oil block, according to state regulator Perupetro.

Petrobras Says Not in Negotiation to Settle with U.S. Authorities
Thursday, August 20, 2015 Petrobras says it was not in negotiation to pay a fine to settle criminal and civil investigations in the United States.

Brazil Lower House Chief Charged With Corruption by Prosecutors
Thursday, August 20, 2015 Brazilian public prosecutors press corruption charges against Chamber of Deputies chief Eduardo Cunha before the Supreme Court.

LGO Brings GY-675 Well in Trinidad Online
Thursday, August 20, 2015 LGO Energy announces that production testing has started on well GY-675, which is the first well drilled on Pad-5 in Trinidad's Goudron field.

Venezuela State Oil Company Head to Also Lead Oil Ministry
Wednesday, August 19, 2015 The head of Venezuelan state oil company PDVSA, Eulogio Del Pino, will also run the OPEC country's Oil Ministry.

Russia's Rosneft Registers to Take Part in Brazil Licensing Round
Monday, August 17, 2015 Russia's Rosneft says it is taking part in Brazil's 13th oil and gas licensing round.

Former Petrobras Exec Sentenced For Samsung Drillship Bribe
Monday, August 17, 2015 A Brazilian judge sentenced Nestor Cervero, former international chief of state-run oil firm Petrobras, to just over 12 years in prison for corruption and money laundering.

Brazil Regulator Tells Shell, Partners To Develop 2 Oilfields As One
Monday, August 17, 2015 Brazil's ANP rules that Shell and its Qatari and Indian partners need to treat oil and gas fields in the Parque das Conchas area as a single deposit.

Peru In Talks With Omega Energy And Two Other Firms On Oil Block
Monday, August 17, 2015 Peru is in talks with Omega Energy International and two other companies interested in operating the country's biggest oil block after a contract for the field failed to draw any bids last month.

Exxon's $40B Find Renews Age-Old Feud off Venezuela
Friday, August 14, 2015 For generations, Venezuela has formally laid claim to most of its tiny neighbor, Guyana. Many dismissed the case, given Venezuela’s oil wealth and Guyana’s penury.

QGEP Says Brazil Manati Field Holds 477 Bcf of Gas
Thursday, August 13, 2015 Queiroz Galvao Exploracao e Producao says the Manati offshore field in Brazil holds 477 billion cubic feet of proven and probable natural gas reserves.

Venezuela Says Pushing for OPEC, Russia Action to Stem Oil Fall
Wednesday, August 12, 2015 Cash-strapped Venezuela is pushing for an emergency OPEC meeting and joint coordination with Russia to stem a tumble in oil prices, President Nicolas Maduro says.

What Now for the Falklands?
Wednesday, August 12, 2015 Rigzone takes a look at the recent oil discoveries in the North Falkland Basin and asks the "what now" question amid lower oil prices.

Two Petrobras Basins: One Safe But Fading, The Other a Pricy Bet
Tuesday, August 11, 2015 The two oil basins off Rio de Janeiro’s coast offer a glimpse into the tough choices Petrobras is making as it slashes $77 billion in investments.

Study: Brazil Offshore Subsalt Holds 176 Billion Barrels Of Oil, Gas
Monday, August 10, 2015 Brazil's Subsalt Polygon may hold enough undiscovered petroleum and gas to supply the world's current oil needs for more than 5 years, researchers say.

Shell Eyes New Brazilian Assets Ahead Of BG Deal
Friday, August 07, 2015 Shell is considering investing billions in Brazil ahead of its BG Group takeover.

Range Resources Plans to Increase Trinidad Production during 2H 2015
Friday, August 07, 2015 Range Resources plans to increase production in Trinidad during the second half of 2015, following a production decrease of eight percent during June and July.

Petrobras Says Reduced Offshore Extraction Cost
Friday, August 07, 2015 Petrobras reduces its offshore subsalt field extraction cost to $8 a barrel from $9 a barrel, executives say.

Argentina Cuts Shale Drilling Costs But No New Joint Ventures Expected
Thursday, August 06, 2015 Argentina needs $200 billion in investment to develop its vast but barely tapped shale fields, but no joint ventures are expected soon, state oil company YPF says.