Exploration News for South America


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Total Joins Tullow-operated Block Offshore Guyana
Thursday, September 13, 2018 Total has exercised its option to acquire a 25% working interest in the Orinduik Block offshore Guyana.

Norway's Equinor To Start Drilling Brazil's Carcara Field In 2018
Wednesday, September 05, 2018 Equinor says it will begin drilling in Brazil's North Carcara oil field in 2018.

Tullow Oil Plans To Drill First Guyana Well In Third Quarter Of 2019
Wednesday, September 05, 2018 Tullow Oil plans to drill its first well in the much-watched Guyana offshore basin in the third quarter of next year.

Hammerhead-1 Strikes Offshore Guyana
Thursday, August 30, 2018 The hits keep on coming offshore Guyana, where ExxonMobil, Hess and CNOOC's Nexen unit have made their ninth discovery.

CEO: Ecopetrol To Focus Spending On Drilling For Rest Of Year
Friday, August 24, 2018 Ecopetrol will focus spending for the rest of the year on increased drilling activity and securing operational licenses, its CEO says.

Colombia Could Create New System For Oil Round Bidding Amid Delays
Tuesday, July 24, 2018 Colombia is preparing changes to its bidding process for oil areas in an effort to increase investment and find new reserves, the head of the oil regulator says.

Kosmos Energy Abandons Suriname Well After It Fails To Find Oil
Tuesday, June 26, 2018 Oil and natural gas explorer Kosmos Energy Ltd is abandoning one of its wells offshore Suriname after it failed to find oil.

ExxonMobil Makes Oil Discovery Offshore Guyana
Thursday, June 21, 2018 The latest discovery reaffirms the Stabroek block's excellent exploration potential, says WoodMac.

Brazil Government Eyes Nov 29 For Choice Pre-Salt Oil Auction
Thursday, June 21, 2018 Brazil's government is considering November 29 for a much-anticipated auction of choice oil blocks in the offshore Santos basin.

'Significant' Light Oil Column Interpreted in Onshore Argentina Well
Thursday, June 21, 2018 Echo Energy says a 'significant light oil column' has been interpreted in the EMS-1001 well onshore Argentina.

Exxon Starts Drilling At Offshore Guyana Projects
Tuesday, June 12, 2018 ExxonMobil says it started development drilling in three offshore Guyana projects.

Oil Majors To Bid On Choice Stakes In Brazil's Offshore
Thursday, June 07, 2018 Executives from oil majors are set to gather in Rio de Janeiro to compete for stakes in Brazil's pre-salt oil play.

Peru President Cancels London-Based Tullow's Offshore Oil Contracts
Wednesday, May 23, 2018 The government of Peruvian President Martin Vizcarra cancels five offshore oil contracts.

Echo Energy Announces Gas Discovery Onshore Argentina
Friday, May 18, 2018 Echo Energy plc announces a gas discovery at the ELM-1004 exploration well, which is located at the company's Fracción C asset onshore Argentina.

Argentina Offshore Auction Attracts Interest From Oil Producers
Wednesday, May 09, 2018 International oil firms have shown interest in Argentina's auction this year of offshore blocks for exploration and production.

Brazil Energy Council Proposes Sept. 28 For Fifth Pre-Salt Oil Auction
Friday, May 04, 2018 CNPE has proposed Sept. 28 for a fifth auction of blocks in Brazil's choice pre-salt offshore oil play.

Rystad Energy: 100 Offshore Projects to be Sanctioned in 2018
Thursday, May 03, 2018 Oil market 'tailwind' likely to spark 100 offshore project sanctions in 2018.

Brazil's Upcoming Pre-Salt Oil Round Attracts Record Interest
Tuesday, April 24, 2018 A record 16 companies have said they will take part in Brazil's scheduled June auction for the right to explore offshore oil blocks in the country's high-potential pre-salt area.

Exxon Leads Oil Majors In Aggressive Offshore Brazil Bids
Thursday, March 29, 2018 ExxonMobil roars into Brazil's prolific offshore oil fields again, clinching eight blocks.

ExxonMobil, Hess Strike Lucky No. 7 Offshore Guyana
Wednesday, February 28, 2018 Latest discovery to help propel offshore Guyana production past half a million barrels per day mark.

Brazil Regulator Approves Bidders For Oil Auction In March
Wednesday, February 21, 2018 ANP approves the participation of 14 companies in an oil round to be held on March 29.

Total To Sell 25% Stake In S. African Block To Qatar Petroleum
Monday, February 05, 2018 Qatar Petroleum signs an agreement with Total to acquire a 25% stake.

CEO: Petrobras Making 'Interesting Discoveries' In Campos Basin
Wednesday, January 31, 2018 Brazil's state-controlled oil company Petroleo Brasileiro SA is making 'interesting discoveries' in blocks in the Campos basin.

Exploration to Increase in 2018 but Investment Constraints Remain
Wednesday, January 17, 2018 Exploration activity will increase in 2018, but market uncertainty and the need to manage debt levels will remain key constraints to investment.

Global Exploration Sector May Soon Return to Profit
Thursday, January 04, 2018 There are early signs that the global exploration sector may soon return to profit.

Exxon, Petrobras Form Alliance To Develop Oil, Gas Projects
Thursday, December 14, 2017 ExxonMobil and Petrobras form an alliance to develop energy projects around the world.

Statoil Secures Onshore Argentina Exploration License
Thursday, November 30, 2017 Statoil ASA has been awarded the Bajo del Toro Este exploration license as operator in the Neuquen basin.

Guyana-Suriname Basin Emerges as a Hotbed of Oil, Gas Exploration
Friday, November 17, 2017 Oil exploration in the Guyana-Suriname basin has stepped up following ExxonMobil's major discovery there.

Shell Wins Three Oil Blocks In Brazil's Deepwater
Friday, October 27, 2017 Shell won half the blocks awarded in Brazil's deepwater oil auction.

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.