Production News for South America


Results 21 articles shown

UAE Says Most Countries In Oil Cut Deal Like Idea Of Long-Term Alliance
Thursday, April 12, 2018 A majority of the OPEC and independent oil producers participating in a current deal to cut supply like the idea of a long-term producers' alliance, the energy minister of the United Arab Emirates says.

Chile's ENAP, Argentina's YPF Inaugurate $354MM Offshore Gas Project
Wednesday, April 04, 2018 The state-run energy firms of Chile and Argentina said they had inaugurated a $354 million project to increase production of natural gas.

Ecuador Seeks $800MM Investment In Oil And Gas Bid
Wednesday, March 14, 2018 Ecuador launches a bidding round for foreign companies to develop oil and gas reserves.

Down Is Up as Aging Oil Fields Defy Gravity to Pump More
Friday, March 09, 2018 Bob Dudley has never seen anything like what happened with BP's old fields last year: They gushed more crude.

IEA: Surge In Global Oil Supply May Overtake Demand In 2018
Tuesday, February 13, 2018 The rise in global oil production, led by the US, is likely to outpace growth in demand this year, IEA says.

ExxonMobil's Reserves Jump 19% On Growth In US Shale, UAE
Friday, February 09, 2018 ExxonMobil says its oil and gas reserves surged 19% last year, thanks to growth in US shale, the United Arab Emirates and Guyana.

Canada's Frontera Suspends Work At Colombia Oilfield After Attacks
Monday, February 05, 2018 Frontera Energy has suspended operations at its Cubiro oilfield in northeastern Colombia after threats and attacks against workers, the company said.

Crisis-Hit Venezuela's Oil Output Plummets In 2017 To Decades Low
Thursday, January 18, 2018 Venezuela's crude oil production fell nearly 13% last year, according to figures released by OPEC.

Petrobras Reaches Deal With Modec For Libra Platform
Monday, December 18, 2017 Brazil's Petroleo Brasileiro SA has closed a deal with Japan's Modec Inc, which will build and operate a platform for oil production in the nation's Libra block.

Total Says Brazil's Giant Libra Oil Field Produces First Oil
Monday, November 27, 2017 French oil and gas company Total says oil was flowing for the first time from the giant Libra oil field in Brazil.

Colombia's Ecopetrol To Invest Up To $4B In 2018
Wednesday, November 22, 2017 Ecopetrol will invest between $3.5 billion and $4 billion during 2018, the majority in production and exploration projects.

Venezuelan Oil Output Heads to 29-Year Low as Cash Crunch Grows
Friday, November 10, 2017 Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most.

Exxon Mobil Plans $200 Mln Investment in Argentina's Vaca Muerta
Friday, September 01, 2017 The company reportedly has asked the government of Neuquen province for a 35-year unconventional production concession.

Petrobras Says Test Production In Libra Area To Start In Weeks
Tuesday, August 22, 2017 Oil production from the first rig to operate in Brazil's offshore Libra area should start in late September or October.

Brazil Pre-Salt Oil Output Surpasses All Other Fields In June
Monday, July 31, 2017 Brazil oil production rises .8 percent in June from May to an average of 2.675 million barrels per day.

Colombia's Ecopetrol Rubiales Oil Output Hit By Protests
Tuesday, June 27, 2017 Ecopetrol has suspended production at some wells in the nation's largest oil field after demonstrators seized the facility.

Statoil Aims To More Than Triple Brazil Output
Monday, June 12, 2017 Statoil aims to more than triple its production in Brazil and wants to become the sole operator for the entire Carcara discovery.

BP Gives Green Light To $500MM Gas Project Offshore Trinidad
Friday, June 02, 2017 BP gives the go-ahead for its $500 million Angelin offshore gas field development in Trinidad and Tobago.

BPTT Makes 2 'Significant' Gas Discoveries Offshore Trinidad
Friday, June 02, 2017 BP Trinidad & Tobago makes 2 'significant' gas discoveries with the Savannah and Macadamia exploration wells, offshore Trinidad.

Colombia's Ecopetrol Output Falls at Big Oil Field amid Protests
Monday, May 15, 2017 Colombia's state oil company Ecopetrol said it reduced output in one of its key production areas due to protests by residents who reject changes to the company's hiring policy for local labor.

PetroVietnam Says Venezuela Oil Project Still Stalled, Hopes To Reactivate
Wednesday, May 03, 2017 PetroVietnam's joint venture with PDVSA remains stalled but the Vietnamese company hopes ongoing talks will lead to reactivation of operations.