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Regional News: South America

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Brazil Govt Names Vale CEO Ferreira To Head Petrobras Board
Friday, March 27, 2015 Brazil's government selects Murilo Ferreira, the chief executive officer of miner Vale, to head the board of state-run Petroleo Brasileiro.

Petrobras Names BNDES Head Coutinho As New Chairman
Thursday, March 26, 2015 Petrobras names Luciano Coutinho, the head of Brazil's state development bank BNDES, as its new chairman.

Petrobras Confirms Presence of Hydrocarbons at C1 Well in Santos Basin
Wednesday, March 25, 2015 Petrobras confirms presence of hydrocarbons at C1 well in Libra block in Santos Basin, offshore Brazil.

Olinda Star Semisub to Drill Kangaroo West-1 Well in Santos Basin Soon
Friday, March 20, 2015 The Olinda Star semisub will move to drill the Kangaroo West-1 exploration well in Block S-M-1165 in Santos Basin, offshore Brazil after completing work at the Kangaroo-2 appraisal well.

Petrobras Halts Giant Production Unit As Safety Problems Found
Friday, March 20, 2015 Petrobras says it shut its P-58 offshore oil production ship after ANP found irregularities on board the vessel, one of the company's most important offshore production systems.


Source: China to Lend Venezuela $10B in Coming Months
Friday, March 20, 2015 China will lend Venezuela around $10 billion in coming months, half as part of a bilateral financing deal and the other half for the development of oil fields, a senior official at PDVSA says.

CGG Bags Anadarko's Contract for 3D Seismic Survey Off Colombia
Thursday, March 19, 2015 CGG bags contract from a subsidiary of Anadarko to conduct 3D seismic survey on the Caribbean coast offshore Colombia.

Brazil Comptroller to Probe More Contractors in Petrobras Scandal
Thursday, March 19, 2015 Brazil's Comptroller-General Office adds another six construction and engineering firms to an investigation of contractors that allegedly participated in a corruption ring at Petrobras.

SBM Offshore, Brazil Comptroller Agree to Seek Leniency Deal
Wednesday, March 18, 2015 Brazil's comptroller general and SBM Offshore say they had agreed on a framework for what could be the first leniency deal in a bribery scandal linked to Petrobras.

Colombia Expects 2015 Oil Income Dive; Exploration Slows
Wednesday, March 18, 2015 Colombia expects income from the oil sector to fall 60% this year because of the sharp drop in crude prices, officials say.

Colombia Economy Grew 4.6% In 2014; Hit By Oil In Final Quarter
Tuesday, March 17, 2015 Colombia's economy grew 4.6% in 2014, just below the government forecast, with construction providing much of the momentum in the face of falling oil prices, though 4Q weakness surprises analysts.

Media: Former Petrobras Director Duque Arrested Again in Bribery Probe
Monday, March 16, 2015 Brazlian police arrest again a former Petrobras executive in a broad kickback and money laundering investigation.

Brazil Ruling Party's Treasurer Charged in Petrobras Scandal
Monday, March 16, 2015 Brazilian prosecutors formally charge the treasurer of the ruling Workers' Party and 26 others with corruption linked to state-run Petrobras, in the latest blow to President Dilma Rousseff from the widening scandal.

Colombia Oilfield Move Challenges Ecopetrol, Canada's Pacific Rubiales
Monday, March 16, 2015 A decision by Colombia's state-run Ecopetrol to reclaim control of the Rubiales oil field will imply heavier investment for it to sustain output and raises pressure on Pacific Rubiales to replace the future loss of nearly half its production.

INSIGHT: Its Red Shirts Fading, Venezuela's Oil Giant Embraces Pragmatism
Friday, March 13, 2015 A subtle change in office attire may be the most telling symbol of a quiet revolution taking place inside Venezuela's troubled economic engine, giant oil firm PDVSA.

Union: Colombia Oil Worker Strike Could Begin On March 19
Friday, March 13, 2015 Colombia's main oil workers' union could start a threatened indefinite strike March 19, after previously saying the nationwide stoppage could begin any time after March 26.

Petrobras Begins 6-Month Output Test In Buzios Offshore Field
Thursday, March 12, 2015 Petrobras says it began to test output from its Buzios offshore oilfield off Rio de Janeiro in the Santos Basin.

Galp Sees Delays In Brazil From Petrobras Graft Probe
Wednesday, March 11, 2015 A widening corruption probe into Petrobras is likely to delay by at least one year four major offshore oilfield projects, Portuguese partner Galp Energia says.

Former Petrobras Exec Details Corruption Scheme In Hearing
Tuesday, March 10, 2015 A former Petrobras executive told a congressional hearing in Brazil that the ruling political party received up to $200M skimmed from contracts with the state-run oil company, reiterating previous claims.

US Declares Venezuela A Threat, Sanctions Top Officials
Monday, March 09, 2015 The US declares Venezuela a national security threat and orders sanctions against 7 officials in the worst diplomatic dispute with the since socialist President Maduro took office in 2013.

Colombia's Ecopetrol Says It Can Keep Oil Flowing If Strike Starts
Monday, March 09, 2015 Ecopetrol has prepared a contingency workforce to maintain output should strike action by the main oil sector union go ahead, a senior official says.

Government: Bids on Peru's Biggest Oil Block to Start in April
Friday, March 06, 2015 Bidding on the rights to develop Peru's biggest oil block will begin next month, and a winner will likely be announced in August, state energy agency Perupetro says.

Aqualis Offshore Wins Brazilian Contract
Wednesday, March 04, 2015 Aqualis Offshore wins a deal with Technip and Techint to carry out marine warranty surveys for the integration of the P-76 FPSO vessel in southern Brazil.

Brazil Oil, Gas Output Above 3 Million Barrels A Day For Second Month
Tuesday, March 03, 2015 Brazil produced more than 3 million barrels of oil and equivalent natural gas a day for the second straight month, 20% more than a year earlier.

Brazil Plans New Oil-Rights Auction In The Second Half
Tuesday, March 03, 2015 Brazil plans to hold its 13th round auction of oil and natural gas exploration and production rights in the second half of 2015, Mines and Energy Minister Eduardo Braga says.

Eirik Raude Rig Arrives Ahead of Falklands Drill
Tuesday, March 03, 2015 Rockhopper Exploration says the Eirik Raude rig will shortly move onto location to drill the first well on the Zebedee prospect, north of the Falkland Islands.

Technip Wins Lula Alto Contract
Monday, March 02, 2015 Technip wins contract to supply flexible pipelines and associated equipment for the Lula Alto field offshore Brazil.

Petrobras to Sell $13.7B in Assets in 2015 and 2016
Monday, March 02, 2015 Petróleo Brasileiro SA plans to dispose of as much as $13.7 billion in assets this year and next as part of efforts by Brazil's largest state-controlled company to reduce debt and protect cash.

Venezuela Objects to Oil Exploration off Neighboring Guyana
Monday, March 02, 2015 Guyana says that neighboring Venezuela is objecting to oil exploration in contested waters off the smaller South American country's coast.