Latin America ///
Echo Energy plc, the Latin American focused upstream oil and gas company, has announced that a significant light oil column has been interpreted in its third well, onshore Argentina.
ExxonMobil announced that it made its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block.
President Energy, the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, provides an update in relation to its workover program at Puesto Flores field in Rio Negro Province, Argentina.
The U.S. government is getting in on a shale boom 5,000 mi (8,000 km) from home.
Equinor and Petrobras have completed their transaction announced in December 2017, whereby Equinor has acquired a 25% non-operated interest in Roncador oil field in Brazil’s Campos basin.
ExxonMobil commenced drilling on its Liza Phase 1 development offshore Guyana.
Armelle Lecarpentier, CEDIGAZ
In 2017, global natural gas demand’s above-average growth reshaped market fundamentals and prevented the development of a global natural gas bubble. Meanwhile, global natural gas consumption doubled its 2016 growth rate, and it was well ahead of the previous five-year trend.
GeoPark Limited, a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil and Chile, today announced further expansion in the Neuquen basin in Argentina with the acquisition of Los Parlamentos Block in partnership with YPF S.A. (YPF), the largest oil and gas producer in Argentina.
Echo Energy plc, the Latin American focused upstream oil and gas company, announces the succesful completion of the extended well test following the workover on well CSo-85 located in the mature Cañadon Salto field in the Company's Fracción D asset, in Joint Venture between Echo and its Argentine partner Compañía General de Combustibles S.A. (CGC).
Venezuela wrote to fellow OPEC members urging them to unite against U.S. sanctions, echoing a similar letter from Iran, according to people with knowledge of the matter.
An oil tanker hauling Iranian crude is making the first delivery to Chile in at least 16 years, a sign the Persian Gulf country may be seeking out new customers for its oil in the face of renewed U.S. sanctions.
Equinor, ExxonMobil and Petrogal Brasil presented the winning bid (75.49% profit oil) for the Uirapuru production sharing contract in the Santos basin. Petrobras exercised its right to enter the consortium and will be the operator with 30% equity.
Echo Energy plc, the Latin American focused upstream oil and gas company, announces the succesful completion of drilling of the ELA-1 exploration well at the Company's Laguna Los Capones Asset (surrounded by the Fracción C licence area), onshore Argentina.
ExxonMobil said it has completed the purchase of half of Equinor’s interest in the BM-S-8 Block, offshore Brazil, which contains part of the 2-Bbbl, pre-salt Carcara oil field.
Qatar Petroleum has entered an agreement with ExxonMobil to become a 30% equity holder in two ExxonMobil affiliates in Argentina, which hold different interests in hydrocarbon licenses for seven blocks in the world-class Vaca Muerta play in the onshore Neuquén basin.
Ivan Monteiro has been named to head Brazilian state-controlled oil company Petrobras on an interim basis, replacing CEO Pedro Parente who resigned Friday.
Presently, ultra-deepwater Brazilian pre-salt prevails by delivering high productivity performance assurance to the industry expectations and to the government advantage, according to GlobalData, a leading data and analytics company.
Peru’s President Martin Vizcarra repealed decrees permitting London-based Tullow Oil Plc to begin exploration at five offshore oil blocks, in a move criticized by the industry as creating uncertainty for investors.
Kosmos Energy has provided an update on current activity in Suriname.
Oil traded near $71/bbl, paring earlier gains, as the International Energy Agency said it’s in talks with producing nations to step in should sanctions be imposed on Venezuela, resulting in a supply shortfall.