http://www.worldoil.com WorldOil SNC-Lavalin awarded engineering contract by Ecopetrol in Colombia http://www.worldoil.com/news/2017/11/17/snc-lavalin-awarded-engineering-contract-by-ecopetrol-in-colombia SNC-Lavalin has announced that it has been awarded a contract by Ecopetrol in Colombia for conceptual, basic and detailed engineering on high and medium-complexity projects through to 2020. Petrobras reports oil and gas production from October http://www.worldoil.com/news/2017/11/17/petrobras-reports-oil-and-gas-production-from-october Petrobras reports that its total oil and natural gas production in October was 2.77 MMboed, with 2.67 MMboed produced in Brazil and 104,000 boed produced abroad. Caution urged for potential investors in Venezuela http://www.worldoil.com/news/2017/11/17/caution-urged-for-potential-investors-in-venezuela Jay Newman, the former hedge fund manager who helped billionaire Paul Singer win a 15-year fight against Argentina, has a word of caution for investors looking to replicate his success amid the chaos unfolding in Venezuela. SBM Offshore starts Liza FPSO conversion http://www.worldoil.com/news/2017/11/14/sbm-offshore-starts-liza-fpso-conversion Following SBM Offshore’s completion of the Front End Engineering and Design (FEED) and a final investment decision on the Liza Phase 1 Development project by ExxonMobil in June 2017, SBM is has announced the next step in its scope for the FPSO. Venezuelan oil output heads to 29-year low as cash crunch grows http://www.worldoil.com/news/2017/11/10/venezuelan-oil-output-heads-to-29-year-low-as-cash-crunch-grows Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most. PDVSA said to open Swiss office after Venezuela hit by sanctions http://www.worldoil.com/news/2017/11/10/pdvsa-said-to-open-swiss-office-after-venezuela-hit-by-sanctions Venezuela’s state-run oil company is opening an office in Switzerland, the latest step in the cash-strapped firm’s struggle to survive amid tighter U.S. sanctions and declining production. President Energy announces significant upgrades to prospective resources in Argentina http://www.worldoil.com/news/2017/11/6/president-energy-announces-significant-upgrades-to-prospective-resources-in-argentina President Energy Plc, the upstream oil and gas company is pleased to announce the results of a new integrated basin study and geochemical survey over the exploration assets of the Company centered on its Puesto Guardian Concession, Matorras and Ocultar Licenses, which have resulted in significant upgrades to the Company’s Prospective Resources. Venezuelan oil too big to fail, at least for China and Russia http://www.worldoil.com/news/2017/11/3/venezuelan-oil-too-big-to-fail-at-least-for-china-and-russia Venezuela’s sudden demand to renegotiate its billions in debt could complicate life for its two biggest oil patrons, China and Russia. Oil extends surge as OPEC signals deal, supply threats mount http://www.worldoil.com/news/2017/11/3/oil-extends-surge-as-opec-signals-deal-supply-threats-mount Oil closed at its highest in more than two years for a second day as support grew for OPEC to prolong output cuts, while supply threats abounded. Venezuela will seek to restructure debt, blaming sanctions http://www.worldoil.com/news/2017/11/3/venezuela-will-seek-to-restructure-debt-blaming-sanctions President Nicolas Maduro said Venezuela will seek to restructure its global debt after the state oil company makes one more payment, blaming U.S. sanctions for making it impossible to find new financing.