Latin America ///

Petrobras said to start asset sale with fields in Argentina

BUENOS AIRES (Bloomberg) -- Petroleo Brasileiro SA, the state-controlled company at the center of Brazil’s biggest corruption scandal, agreed to sell oil and natural gas fields in southern Argentina to billionaire Eduardo Eurnekian’s Corporacion America, two people with knowledge of the deal said.

Petrobras discovers 200-m hydrocarbon column at Libra C1 extension well

The Libra consortium has finished drilling extension well C1. The drilling results confirmed a hydrocarbon column 200 m deep with good permeability and porosity.

Brazil to auction onshore oil fields to bolster ailing industry

RIO DE JANEIRO (Bloomberg) -- Brazil plans to auction onshore fields in the second half of the year to encourage foreign oil companies to remain active in the country, according to two government officials with direct knowledge of the matter.

Petrobras breaks water column record in Sergipe-Alagoas basin

Petrobras has set a new national record of 2,990 m for drilling under a water column—the distance between the water surface and the seabed.

CGG nets Anadarko contract for 3D survey offshore Colombia

PARIS -- CGG announced Thursday that it has been awarded a contract by a subsidiary of Anadarko Petroleum Corp. to acquire and process a 16,314-km2 3D seismic survey on the Caribbean coast offshore Colombia.

Platform P-61 starts up at Papa Terra field, Petrobras says

Petrobras has announced the start-up of platform P-61 in Papa Terra field, in the southern tip of the Campos basin, 110 km off the coast of Brazil and at a water depth ranging from 400 m to 1,400 m.

Texas LNG starts talks with customers in Eastern Europe, Asia

Texas LNG, a closely held company planning a $1.3 billion liquefied natural gas project in the U.S., has started talks with potential customers, targeting companies in Eastern Europe, Latin America and Asia.

Petrobras starts early production system at Buzios field

Petrobras started up its early production system in the Santos basin’s Buzios field on Tuesday.

Offshore in depth

Ron Bitto, Contributing Editor

“Operation Car Wash” takes shine off Petrobras

Aqualis Offshore wins Brazilian FPSO contract

OSLO, Norway -- Aqualis Offshore, part of Oslo-listed Aqualis ASA, has won an important contract for an FPSO project in Brazil.

Eirik Raude arrives in Falklands for drilling campaign

Ocean Rig's Eirik Raude has arrived in the North Falkland basin (NFB) ahead of a six-well campaign, Rockhopper Exploration has reported.

Technip awarded flexible pipe contract for Lula Alto field in Brazil

Technip was awarded a subsea contract from Tupi BV for the ongoing development of the Lula Alto field, in the Santos basin pre-salt area, Brazil.

Petrobras board member resigns, replaced by corruption prevention attorney

Márcio Zimmermann has resigned as a Petrobras board member, and has been replaced by newly-elected Luiz Navarro.

YPF defies oil industry with same budget amid price slump

Argentina's YPF SA is defying the oil industry trend after crude prices collapsed by keeping last year’s capital budget intact without laying off workers.

Tissue paper-for-Venezuelan oil swap offered by Trinidad

Venezuela, plagued with shortages of basic goods, was offered a reprieve by the Prime Minister of neighboring Trinidad & Tobago: exchange oil for tissue paper.

Rolls-Royce vows compliance after Petrobras bribe accusation

RIO DE JANEIRO (Bloomberg) -- Rolls-Royce Holdings said it will take all necessary action to ensure compliance with the law following allegations it was involvement in bribery and kickbacks at Brazilian oil producer Petrobras.

Chevron settles with backer of fraudulent Ecuador litigation

Chevron has reached a settlement agreement with James Russell DeLeon, the principal funder of the fraudulent lawsuit against Chevron in Ecuador.

Resin system facilitates shut-off of difficult gas well

Javier Urdaneta, Juan Manuel Arroyave, Dr. Paul Jones, Halliburton; Jose Luis Amaya, Henry Hernandez, Gran Tierra Energy

An advanced, solids-free epoxy resin was applied for gas shut-off in a difficult-to-abandon well in Colombia. The versatile system allowed the well to be brought back into line with governmental regulations.

Seadrill writes off $1.1 billion of Petrobras orders

HAMILTON, Bermuda – Seadrill, the world's third-biggest offshore driller, has cut $1.1 billion worth of Petrobras orders from its backlog.

Petrobras platform explosion kills 5 at gas field off Brazil

Five workers died and four went missing in an explosion on a production vessel at a natural-gas field off Brazil’s coast operated by state-run Petroleo Brasileiro, said Norway’s BW Offshore, the ship’s owner.