Regional News: South America

 
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Total Will Invest $500 Million to Produce Shale Gas in Argentina
Thursday, April 27, 2017 Total will spend $500 million over three to four years to develop a shale-gas field in Argentina.

Uruguay Says To Tender 17 Offshore Blocks For Exploration
Tuesday, April 25, 2017 Uruguayan state oil company Ancap says it will tender 17 offshore blocks for exploration.

Shell Opens Treatment Plant In Argentina Shale Play
Wednesday, April 19, 2017 Royal Dutch Shell PLC inaugurated on Tuesday a treatment plant for shale oil and gas in Argentina's Vaca Muerta shale play, one of the world's largest.

Statoil Confident Brazil Deal To Go Ahead Despite Suspension
Tuesday, April 18, 2017 Statoil is confident that its deal with Petrobras to acquire a stake in exploration block BM-S-8 offshore Brazil.

Peru To Issue Up To $3B In Bonds To Finance State-Run Oil Firm
Tuesday, April 18, 2017 Peru is expecting to issue up to $3 billion in bonds in the international market in the first half of 2017.

  


PDVSA Notes Rally After Oil Company's $2.2 Billion Payment
Wednesday, April 12, 2017 Bonds issued by Venezuela's state oil company rallied after the country made $2.2 billion in payments on matured notes.

Brazil To Get Data For Revision Of Large Petrobras Contract In May
Monday, April 10, 2017 ANP will submit next month the calculations to base the revision of a large contract with Petrobras known as the Transfer of Rights, the Energy Minister Fernando Coelho Filho says.

Wood Group's Brazilian Staff to Provide Engineering Services for Echidna
Friday, April 07, 2017 Wood Group's Rio de Janeiro office will provide engineering services to Karoon Petroleo & Gas to support the development of the Echidna field, offshore Brazil, after winning a multi-year contract.

Colombia's Ecopetrol Restarts Cano-Limon Oil Pipeline After Attacks
Wednesday, April 05, 2017 Ecopetrol has restarted the country's second-largest oil pipeline, the Cano-Limon Covenas, after a series of bomb attacks halted movement of crude for seven weeks.

Petrobras CEO Sees Debt Falling Below Target By End 2018
Tuesday, April 04, 2017 Petrobras could reduce debt below a projected target of 2.5 times Ebitda by the end of next year, CEO Parente says.

Brazil Aims to Raise $7.7B in Oil, Gas Auctions by 2019
Monday, April 03, 2017 Brazil's government expects to raise at least 24 billion reais ($7.7 billion) in oil and gas auctions through 2019, Energy Ministry Executive Secretary Paulo Pedrosa said.

Odebrech's OOG to Honor Bond Payment a Week After Deadline
Friday, March 31, 2017 Odebrecht Óleo & Gás SA, the offshore oil drilling company owned by Brazil's Odebrecht SA, has won temporary relief from investors despite pledging to honor interest payments on a bond a week after deadline.

Petrobras Eyes Five Major Assets in New Divestment Program
Friday, March 31, 2017 Brazil's state-run oil company Petrobras is eyeing five major assets for a renewed divestment program to be formalized in the next two weeks.