Latin America ///

Packers Plus, Gran Tierra partner for improved resource development in Colombia

Packers Plus Energy Services Inc. is pleased to have partnered with Gran Tierra Energy to optimize well performance as the company advances its conventional development program in Colombia.

FairfieldNodal sets sail for deeper waters to acquire data for Libra consortium

FairfieldNodal’s project to acquire and process high-resolution 3D marine seismic for the Libra consortium has left port for deeper waters to begin work.

President Energy announces first sale of oil from Puesto Flores field in Argentina

President Energy, the upstream oil and gas company with assets focused primarily in Argentina, has announced that it has already banked the proceeds from its first delivery of oil from Puesto Flores field.

FairfieldNodal awarded data acquisition project offshore Trinidad

FairfieldNodal will begin a large Z700 acquisition project offshore Trinidad in late October 2017.

Mexico says world's largest oil hedge has been completed

Mexico has completed its annual oil hedge for 2018, which will lock in an average export price of $46/bbl of crude, Deputy Finance Minister Vanessa Rubio said in an interview.

Back-up cutters prevail in hard and abrasive rock

Seth Anderle, Brad Dunbar, Shilin Chen, Halliburton

A new backup cutter layout extends bit life without sacrificing rate of penetration.

Shell Brazil, COPPE select 4Subsea for 25-million NOK research project

4Subsea is awarded a Shell-funded contract to support COPPE, the centre for engineering research and education at the Federal University of Rio de Janeiro (UFRJ).

Petrobras notified of ANP's decision on local content in Libra

Petrobras informs that, as operator of the Libra consortium, it has been notified by the National Petroleum, Natural Gas and Biofuels Agency (ANP) of its decision on the consortium´s request for local content exemption for the items and subitems related to the platform subsystem of the Libra Pilot project.

ExxonMobil's Guyana deepwater discovery could total 2 Bbbl, WoodMac says

ExxonMobil's fifth new oil discovery offshore Guyana, proves "that deepwater can still be attractive."

Gazprom discusses cooperation with Cuba Energy Ministry, highlights success with Bolivia

A working meeting between Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Luis Alberto Sanchez, Minister of Hydrocarbons and Energy of Bolivia, took place today at the seventh St. Petersburg International Gas Forum.

ExxonMobil announces fifth discovery offshore Guyana

ExxonMobil today announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana.

Tropical Storm Nate threatens oil rigs as it targets U.S. Gulf of Mexico

Tropical Storm Nate has formed off of Nicaragua, threatening to inundate Central America, shut oil and gas rigs in the Gulf of Mexico and damage cotton and citrus crops across the U.S. South.

Petrobras announces start of non-binding phase for divestment in shallow-water fields

Petrobras has announced the start of the non-binding phase regarding the assignment of all of its exploration, development and production rights in seven sets of shallow-water fields located in the States of Ceará, Rio Grande do Norte, Sergipe, Rio de Janeiro, and São Paulo.

Binding phase begins for Petrobras, Chevron in sale of Maromba field in Campos Basin

Petrobras and Chevron Brasil Petróleo Ltda., have announced the start of the binding phase regarding the transfer of Petrobras and Chevron stake in the Maromba Field, in the Campos Basin.

Dover Artificial Lift acquires PCP Oil Tools in Argentina

Dover Artificial Lift has announced its acquisition of PCP Oil Tools in Argentina.

Petrobras, Statoil advance partnership to optimize recovery of mature offshore fields

Petrobras informs that it signed the Heads of Agreement (HoA) with the Norwegian company Statoil, in continuity to the Memorandum of Understanding signed in Aug. 30, 2016, through which the companies committed themselves to assessing cooperation opportunities aligned with their business strategies.

ION extends new 2D multi-client program offshore Panama

ION Geophysical Corporation has announced an approximate 50% extension to its previously announced program offshore Panama, due to strong client interest and prefunding to evaluate offshore Panama in advance of the anticipated license round.

Petrobras acquires seven blocks in 14th round of ANP bidding

Petrobras reports that it acquired seven blocks in the 14th Round of Bids under the Shared Production regime, held yesterday by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), six of which offshore and one onshore. The company will be the operator in all blocks, including the offshore blocks, where Petrobras will hold 50% participation, in partnership with ExxonMobil.

Murphy Oil announces strategic entry into deepwater Brazil

Murphy Oil Corporation has announced that its wholly owned Brazilian subsidiary, Murphy Brazil Exploração E Produção De Petróleo E Gás Ltda. (Murphy), has entered into a farm-in agreement with Queiroz Galvão Exploração e Produção S.A. (QGEP) to acquire a 20% working interest (WI) in Blocks SEAL-M-351 and SEAL-M-428.

Lloyd’s Register chosen for major exploration drilling project offshore Colombia

Lloyd’s Register’s well management expertise is being used by Ecopetrol Costa Afuera S.A.S. (ECAS) of Ecopetrol, for offshore exploration drilling operations in Colombia.