WorldOil Echo Energy awarded 3D seismic reprocessing contract onshore Bolivia Echo Energy, the South and Central American focused upstream gas company, is pleased to announce the award of a seismic reprocessing contract for the 3D seismic data over the Huayco and Rio Salado blocks, onshore Bolivia. Shaletech: Argentina Feds, IOCs breathe new life into ‘Dead Cow’ Oil and Gas in the Capitals Hope for improved Russian-U.S. relations has evaporated, following a U.S. congressional vote and retaliation taken by the Russian government. Shell, Petrobras strengthen deepwater partnership in Brazil's pre-salt fields Royal Dutch Shell and Petrobras signed last week in The Hague, Netherlands, a Memorandum of Understanding (MoU) to establish a long-term mutual collaboration in developing pre-salt fields in Brazil. BP, Bridas to combine PAE and Axion Energy, forming new integrated energy company BP today announced that it has agreed with Bridas Corporation to form a new integrated energy company by combining their interests in the oil and gas producer Pan American Energy (PAE) and the refiner and marketer Axion Energy in a cash-free transaction. Venezuela offers $5 million to aid Harvey victims via Citgo Venezuela, still reeling from a fresh round of U.S. sanctions that make it harder to raise financing in capital markets, offered $5 million to help victims of Hurricane Harvey in parts of Texas through its subsidiary Citgo Petroleum Corp. CGG starts Espirito Santo IV survey offshore Brazil CGG announces the start of work on Espirito Santo IV, a large BroadSeis 3D multi-client survey in the deep and ultra-deep waters of the Espirito Santo basin offshore Brazil. YPF CEO resigns as oil company readies asset sales, shale focus Ricardo Darre, CEO of YPF SA, has resigned as Argentina’s largest oil producer prepares to sell at least $1 billion in assets and focus on developing the world’s second-biggest reserve of shale gas. Sustained global recovery in land drilling forecast by Westwood Global Energy Group The recovery in the global land drilling market, led by North America, is being sustained, according to first half figures from Westwood Global Energy Group, energy market research consultancy firm. The drive, both in the U.S. and internationally, for drilling wells with longer laterals and on multi-well pads, is creating demand for high-horsepower, modern rigs that can minimize time between each well. Statoil, YPF sign onshore exploration agreement for Argentina's Vaca Muerta Statoil and Argentina’s leading energy company YPF have entered into an agreement to jointly explore hydrocarbons in the Bajo del Toro block in the Neuquén basin onshore Argentina.