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Regional News: South America

 
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Petrobras Reports Earnings Without Graft Writedowns Despite Delays
Wednesday, January 28, 2015 Petrobras released delayed unaudited third-quarter results, but its shares slumped as it left investors in the dark over the financial impact of a multibillion-dollar corruption scandal.

Argentina: Best Candidate for Next Shale Boom?
Monday, January 26, 2015 London-based research firm Visiongain argues that Argentina could turn out to be the best candidate for the next shale boom.

Petrobras Says Use of SESV to Install Subsea Equipment Saves Time and Money
Friday, January 23, 2015 Petrobras says the use of a subsea equipment support vessel rather than a drillship to install equipment at Sapinhoa field in the pre-salt layer of Santos Basin in Brazil has resulted in cost and time savings.

Brazil's Oleo e Gas to Cut 40% of Workforce
Thursday, January 22, 2015 Brazilian oil and natural gas company Oleo e Gas Participacoes SA says it will cut its workforce by 40 percent, or more than 40 workers, to bring costs in line with revenues.

Minister: No Need For Petrobras Investment Cut Due To Corruption Probe
Wednesday, January 21, 2015 Petrobras does not need to curtail its multibillion-dollar investment plan because of a growing corruption scandal, Mines and Energy Minister Eduardo Braga tells Reuters.

  



Source: Brazil's HRT to Buy Stake in Shell's Campos Fields
Tuesday, January 20, 2015 Brazil's HRT reaches an agreement to buy offshore assets of Shell in the Campos Basin, a source with knowledge of the deal says.

Oil, Gas Output Rises In Argentina's Vaca Muerta Shale Field
Monday, January 19, 2015 Oil production in the Argentine province of Neuquen rose 6.75% in the second half of 2014 from the first half, due in part to increased output at the Vaca Muerta shale field, data shows.

Globo: Brazil Energy Minister Says Petrobras CEO to Keep Her Job
Friday, January 16, 2015 Maria das Gracas Foster will keep her job as CEO of Petrobras despite calls for her resignation after a corruption scandal at the state oil company, Brazil's Energy Minister Eduardo Braga says.

Argentina's Vaca Muerta Shale Output 33,000 Bpd In Sept And Rising
Friday, January 16, 2015 Combined shale oil and natural gas output from Argentina's vast Vaca Muerta formation was about 33,000 boepd at the end of September.

Argentina's YPF Says Oil, Gas Output Rose In 2014 For Second Year
Thursday, January 15, 2015 YPF's oil and natural gas production rose in 2014 for the second year running, the company says, fanning hopes Latin America's third largest economy is on track to regaining energy self-sufficiency.

Petrobras 2014 Oil, Gas Reserves Grow Slowest in 6 Years
Wednesday, January 14, 2015 Oil and natural gas reserves at Petrobras rise at the slowest pace in six years in 2014, ending the year little changed as new discoveries barely kept up with production.

Petrobras Names Head Of New Governance, Risk And Compliance Unit
Tuesday, January 13, 2015 Petrobras names Joao Adalberto Elek Junior as its first head of governance, risk and compliance, part of efforts to ease investor concerns in the wake of a giant corruption scandal.

LMC to Supply Jurong Shipyard with Turret System for Brazil's Libra FPSO
Monday, January 12, 2015 Ezra's unit London Marine Consultants clinches deal from Jurong Shipyard to supply an external turret mooring system for the Libra oil field's floating production, storage and offloading vessel to be deployed offshore Brazil.

Petrobras and Indian Partners Find More Oil in Brazil
Friday, January 09, 2015 Petrobras and its Indian partners have found more light crude oil in the Sergipe Basin off Brazil's Northeast coast.

Petrobras Petroleum Output Surpassed Exxon In 3rd Quarter
Thursday, January 08, 2015 Petrobras produced 2.209 million barrels of oil and other liquids (bpd) a day in Brazil and abroad in the three months ending Sept. 30, according to the company's website.

ANP: Brazil Oil And Gas Production Rises 13% In November
Tuesday, January 06, 2015 Brazil's oil and natural gas production in November increased 13.3% percent compared with the same period last year, oil agency ANP says.

Petrobras: Agreement With Creditors Eliminates Risk Of Default Declaration
Tuesday, January 06, 2015 Petrobras completes talks with creditors about the release of its delayed unaudited third-quarter financial results, the state-run oil company says in a securities filing.

Petrobras Ends Drilling at Pudim Well in Espirito Santo Basin Off Brazil
Tuesday, January 06, 2015 Petrobras completes drilling at Pudim extension well in Espirito Santo Basin offshore Brazil.

INSIGHT: Failure to Stop Petrobras Scandal Could Haunt Brazil's Rousseff
Friday, January 02, 2015 When federal investigators first identified signs of corruption at Petrobras in 2009, Dilma Rousseff insisted Brazil's state-run oil company had nothing to hide.

Petrobras Probe Could Lead to Oil Firm Hiring More Foreign Contractors
Wednesday, December 31, 2014 Petrobras may increase the number of foreign companies it works with after banning several Brazilian contractors because police have implicated them in a kickback scheme at the company.

Petrobras Bans Firms Amid Kickback Probe
Tuesday, December 30, 2014 Petrobras says it's temporarily suspending the country's biggest builders and engineering firms from bidding on contracts amid investigations into a massive corruption scandal.

Argentina Says Oil Price Plunge To Cut Energy Trade Deficit By 16%
Tuesday, December 30, 2014 The slump in international oil prices and increased domestic output will reduce Argentina's energy trade deficit by 16% next year to $5.6 billion, the government says.

Petrobras Declares Commerciality at Iara Area Offshore Brazil
Tuesday, December 30, 2014 Petrobras submits a Declarations of Commerciality (DoC) to ANP for three separate oil and gas accumulations offshore Brazil.

Court Orders Argentina's YPF To Disclose Contract With Chevron
Tuesday, December 30, 2014 An Argentine judge ordered YPF to fully disclose details of its contract with Chevron sought by an opposition lawmaker amid allegations of secret clauses in the agreement.