Latin America ///

Saipem awarded onshore drilling contracts valued at $240 million

Saipem has been awarded new contracts and the extension of pre-existing agreements in the onshore drilling sector in Saudi Arabia, Morocco, Bolivia and Argentina for a total value of $240 million.

Pampa sets sights on Argentina’s tight gas as Vaca Muerta drags

Pampa Energia SA wants to become one of Argentina’s main producers of tight gas following its acquisition of Petrobras Argentina SA, because those prospects are currently more profitable than shale gas in the giant Vaca Muerta formation.

Exxon to greenlight 1.4 Bbbl Guyana discovery in 2017

Exxon Mobil plans to formally approve investing in the 1.4-Bbbl Liza oil discovery off the coast of Guyana by the end of 2017.

SBM Offshore awarded contracts for Exxon Mobil Liza FPSO

SBM Offshore has announced that Exxon Mobil subsidiary Esso Exploration and Production Guyana Limited has awarded the Company contracts for a Floating Production, Storage and Offloading vessel (FPSO) for the Liza development and production in Guyana.

Petrobras awards Benthic geotechnical investigation contract

Benthic has been awarded a contract by the Libra Consortium for an offshore geotechnical investigation in the Libra field area, which lies about 140 miles off the coast of Rio de Janeiro, Brazil.

Perenco acquires assets, offshore Trinidad and Tobago

Perenco has announced the acquisition of a 70% interest in the Teak, Samaan and Poui Block (TSP) in Trinidad and Tobago.

Polarcus awarded two projects offshore South America

Polarcus has received two Letters of Intent from two undisclosed clients for two additional marine seismic projects offshore South America.

Post-OPEC rally no miracle cure for Latin America’s crippled oil giants

For the three titans of Latin American oil—Pemex, PDVSA and Petrobras—last week’s OPEC-driven price rally won’t be enough to halt a slow descent from the ranks of international crude heavyweights.

GeoPark awarded final approval for Morona Block acquisition in Peru

GeoPark Limited--an independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Chile, Brazil, Argentina and Peru--today announced that it has obtained final regulatory approval for its acquisition of the Morona Block in Peru.

New president of Chevron Africa and Latin America E&P named

Chevron Corporation has named Clay Neff as president of Chevron Africa and Latin America Exploration and Production, effective Jan. 1, 2017.

FMC, Technip pass final antitrust review with Brazilian clearance

The pending combination of FMC Technologies and Technip has received a clearance decision from the General Superintendent of the Administrative Council for Economic Defense (CADE), the Brazilian antitrust authority.

Centrica sells Trinidad and Tobago gas assets to Shell

Centrica has agreed to sell its entire portfolio of gas assets in Trinidad and Tobago to Shell Exploration and Production for an initial cash consideration of $30 million.

Statoil, Petrobras close Carcará acquisition

Statoil has completed its acquisition of Petrobras’ 66% operated interest of the BM-S-8 offshore license in Brazil’s Santos basin.

ShaleTech: Argentina/Mexico shales

Jim Redden, Contributing Editor

Unleashing potential hinges on government policies

InterMoor upgrades Port Açu facility in Brazil

InterMoor, an Acteon company, has added inspection and testing capabilities to its marine base at the Açu Superport in São João da Barra, northern Rio de Janeiro.

Brazil to join Russia, Kazakhstan in OPEC cooperation talks

Brazil, the fastest-growing oil producer outside OPEC, will join talks with the exporters group in Vienna on Saturday about potential cooperation.

Rowan Joe Douglas jackup joins BP Trinidad and Tobago rig fleet

BP Trinidad and Tobago (bpTT) announced Wednesday that the Joe Douglas 240C jackup, which is owned and operated by Rowan Companies, has joined the bpTT rig fleet and has begun drilling at the bpTT Amherstia facility.

Mexico, Brazil vie for Big Oil’s cash in offshore auctions

Petrobras and Total form strategic alliance

Petrobras and Total inform that Pedro Parente, CEO of Petrobras, and Patrick Pouyanné, chairman and CEO of Total, have signed a Memorandum of Understanding (MOU) which sets the general framework for a Strategic Alliance covering upstream and downstream activities in Brazil, as well as international potential opportunities.

Aker Solutions to acquire majority stake in Brazil's C.S.E.

Aker Solutions agreed to buy 70% of Brazilian C.S.E. Mecânica e Instrumentação Ltda, building on a strategy to expand its services business in key international markets.