Regional News: South America

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Brazil Publishes Contract Model For 14th Round Oil-Rights Auction
Wednesday, July 19, 2017 ANP published the model contract for its 14th round auction of oil and natural gas exploration rights, scheduled for Sept. 27.

Brazil Mulls Easing Local Content Rules in Older Oil Contracts
Tuesday, July 18, 2017 Many key crude projects have been put on ice in Brazil due in part to steep costs stemming from tough local content rules.

Total, BP Unit, YPF Boost Investment in Argentina's Vaca Muerta
Tuesday, July 18, 2017 The investment is the largest specific project announcement since March in Vaca Muerta, one of the world's largest shale formations.

Suriname Signs Offshore Oil Deals with Exxon, Hess and Statoil
Friday, July 14, 2017 Suriname's state oil company Staatsolie said it signed production sharing contracts involving Exxon Mobil Corp, Hess Corp and Statoil ASA for two blocks off the coast of the South American nation.

Brazil Reverses Preliminary Decision On Petrobras Hedge Accounting
Wednesday, July 12, 2017 CVM has reversed a preliminary decision ordering Petrobras to restate financial statements in recent years to include the impact of currency protection on debt and other balance sheet items.


Venezuela's PDVSA Guarantees Investor Security Amid Uncertainty
Monday, July 10, 2017 PDVSA says in a statement it is guaranteeing "legal security" for all foreign companies in the leftist-run nation.

Could Argentinian Politics Beat the Vaca Muerta?
Monday, July 10, 2017 Upcoming election results could jeopardize the current administration's tenure and snuff out the oil and gas industry's confidence in one of the world's richest shale basins.

We Grow Fuel Here: Fighting the Oil Slump by Bartering for Grain
Friday, July 07, 2017 YPF SA is expanding into a vibrant local farm industry and gain access to dollar-based export markets for grain.

Mexico Expects Four More Oil Auctions Before By End Of 2018
Friday, July 07, 2017 Mexico expects to launch 4 more oil and gas auctions before the current president's term concludes in November 2018.

Peru To Auction Natgas Pipeline Project In First Half 2018
Thursday, July 06, 2017 Peru is planning to hold a new auction for a natural gas pipeline in the first half of 2018.

Petrobras, CNPC Sign Partnership MoU
Wednesday, July 05, 2017 Petrobras and CNPC sign a Memorandum of Understanding in Beijing to begin negotiations on a strategic partnership.

Chilean Scientists Produce Biodiesel From Microalgae
Monday, July 03, 2017 Biodiesel made from microalgae could power buses and trucks and reduce greenhouse gas emissions by as much as 80%.