Exploration News for South America


Results 27 articles shown

Ecuador to Offer Oil Blocks Under New Bidding Terms in Jan
Friday, October 06, 2017 The new terms will allow producers to be paid in oil and enable them to export or sell the barrels to local refineries, said Carlos Perez at a conference at Rice University in Houston on Friday.

Argentina Plans Auction for Offshore Oil Exploration Next Year
Thursday, October 05, 2017 Argentina plans to auction offshore oil and gas exploration rights next year, in the hope of developing fields off its Atlantic coast like those in neighboring Brazil, the energy minister said.

Brazil Regulator Allows Petrobras To Source Libra Rig Hull From Abroad
Wednesday, October 04, 2017 ANP approves a request by the consortium exploring the potentially oil-rich Libra area.

Total Makes Foray Into Exxon's Exploration Hotbed Offshore Guyana
Tuesday, September 26, 2017 Total has agreed to pay $1 million for an option to buy a 25% stake in an oil exploration block offshore Guyana.

Fifteen Oil Majors Interested In Brazil's Round 3 Pre-Salt Auction
Monday, September 11, 2017 Fifteen companies have pre-registered for Brazil's third auction of oil exploration rights in the pre-salt area.

Brazil Regulator Rejects Total Study On Drilling At Amazon River Basin
Tuesday, August 29, 2017 Brazil's environmental regulator Ibama says it has rejected Total's environmental study on drilling in the Foz do Amazonas basin.

Statoil, YPF To Explore Shale Oil, Gas In Argentina
Friday, August 25, 2017 Statoil signs a deal with YPF to jointly explore for onshore shale oil and gas resources in the Vaca Muerta formation.

Report: Petrobras, Brazil Dispute Transfer Of Rights Worth $30B
Friday, August 18, 2017 Brazil's government and Petrobras are locked in a dispute over the value of offshore oil blocks involving an estimated $30 billion.

No-Name US Oil Driller Gets Shot at World's Top Reserves
Wednesday, August 09, 2017 'It's very unorthodox to see a small player like Horizontal Well Drillers pop up on a project this size,' said Luke Lemoine, an energy analyst at Capital One Securities Inc.

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.

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.

Argentina's YPF Says Technology Lowering Its Shale Costs
Friday, June 23, 2017 Loma Campana is the first productive field in Argentina's Belgium-sized Vaca Muerta shale formation.

ExxonMobil To Proceed With Development Of Liza Field Offshore Guyana
Friday, June 16, 2017 ExxonMobil says it will proceed with the development of one of the largest oil discoveries of the past decade, the Liza oil field.

Repsol Uncovers Largest Volume of Gas in 5 Years
Tuesday, June 06, 2017 Repsol uncovers its largest volume of gas in 5 years offshore Trinidad and Tobago.

Brazil Pre-Salt Oil Auction Cleared; Some Investors Complain
Thursday, May 04, 2017 The Brazilian government has approved terms for another auction of exploration rights to high potential oil prospects.

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.

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.

Russia's Rosneft Starts Drilling First Exploration Well In Amazon
Thursday, February 16, 2017 Russian state oil firm Rosneft starts drilling its first exploration well in Brazil's Solimoes Basin.

Brazil May Hold Second Sub-Salt Oil Licensing Round This Year
Tuesday, January 17, 2017 Brazil may hold a second licensing round this year for new oil exploration areas in an offshore region known as the sub-salt.

ExxonMobil Strikes More Oil Offshore Guyana
Thursday, January 12, 2017 ExxonMobil makes a new oil discovery and finds additional resources for its Liza field offshore Guyana.

LGO Receives Approval to Recommence Trinidad Drilling
Wednesday, January 04, 2017 Goudron E&P Limited receives approval from the Petroleum Company of Trinidad and Tobago and the Ministry of Energy and Energy Industries for the first of its planned Mayaro Sandstone infill wells.

Brazil's Petrobras, Joint Venture Hand Back Piracuca Oil Concession
Tuesday, January 03, 2017 Petrobras and Repsol Sinopec are handing back exploration rights at the Piracuca field in Santos basin.

Range Resources Limited: QUN 160 Well Spuds in Trinidad
Friday, November 11, 2016 Range Resources Limited reveals that the QUN 158R development well in Trinidad, renamed QUN 160, has been successfully spudded.

Argentina's YPF Says To Study Offshore Drilling With Statoil
Friday, October 28, 2016 YPF says it signed a deal with Norway's Statoil to study potential offshore drilling sites off Argentina's Atlantic coast.