Latin America ///
Repsol chairman, Antonio Brufau, and the president of Bolivia, Evo Morales, have announced the conclusion of the third phase of the Margarita-Huacaya project, the field with the largest production in the history of Bolivia.
Production from Latin America's premier shale play, the Vaca Muerta, is expected to double by 2018, according to a new development study by Wood Mackenzie. Argentina's massive play continues to be the most prospective tight oil play outside of North America.
Rockhopper Exploration Plc agreed to buy Falkland Oil & Gas Ltd. in an all-share deal that values the explorer at 57.1 million pounds ($87 million).
Fugro has taken delivery of the new ROV support vessel (RSV) Fugro Aquarius, the most advanced vessel of her type built in Brazil.
Petrobras has managed to reduce the impact of the strike on its operations by implementing its contingency plan, the Rio De Janeiro-based company announced Thursday night.
Brazil will lead global growth in the Floating Production, Storage and Offloading vessel (FPSO) industry despite the country’s national oil company, Petrobras, recently facing allegations of corruption, research and consulting firm GlobalData said.
Production of oil and natural gas from facilities operated by Petrobras in the pre-salt layer exceeded 1 MMboed during September, with output averaging 1.028 MMboed, and reaching a record level of 1.12 MMboed on Sept. 15.
With Exxon Mobil reported to be moving the Liza discovery in deepwater Guyana into pre-Front-End Engineering Design (FEED) less than five months after confirming the find, the project has the potential to yield significant returns for investors, according to GlobalData.
CGG announced Thursday that it has now received all necessary permits to start acquiring the industry’s first regional broadband seismic survey of the Barreirinhas basin in the Equatorial Margin of northern Brazil in early November.
The consortium responsible for the Libra oil field in the Santos basin pre-salt has completed the drilling of well 3-BRSA-1310-RJS, in the central area of the block.
Brazil will auction crude-exploration blocks on Wednesday for the first time since a colossal corruption scandal crippled the nation’s oil industry and forced state-run Petroleo Brasileiro SA to scale back investments.
Packers Plus Energy Services has positioned itself to continue expansion into the Latin America region with its newest service and sales centers in Neuquén and Buenos Aires, Argentina, respectively.
Statoil, on behalf of the Peregrino license partners, has awarded a contract to Wood Group to provide four-year operations and maintenance for two wellhead platforms and modification services for both units and the FPSO Peregrino.
With the upstream oil and gas sector seeking new water treatment technologies as companies move into deeper waters, GE has announced that Petrobras has approved GE’s new seawater sulfate removal (SWSR) nanofiltration membrane for use in water injection applications regarding sulfate removal.
Venezuelan proposals for a summit between OPEC and non-OPEC producers are advancing, and should focus on bolstering oil prices rather than limiting volumes, government officials said Tuesday.
FactoryTalk software, virtual servers replace aging human-machine interface infrastructure as part of multi-facility upgrade, which saved the operator considerable expense.
Halliburton’s two Brazilian facilities, Macaé and Rio de Janeiro, and nine of the company’s business lines located there have received the American Petroleum Institute (API) Specification Q2 Certification, an advanced industry certification standard for oil and natural gas service companies. They are the first in Latin America to receive the certification.
YPF SA Chief Executive Officer Miguel Galuccio and his counterpart at Gazprom PJSC, Alexey Miller, have signed an agreement to develop projects in Argentina.
GeoPark Ltd. has discovered a new oil field following the drilling of exploration well Jacana 1, located on the Llanos 34 Block in Colombia. GeoPark operates and has a 45% working interest in the block.
Polarcus has signed a contract with an undisclosed client for a non-exclusive broadband 3D marine seismic project offshore Brazil.