Latin America ///

Tight gas production ramps up in Argentina's Neuquén basin, Wood Mac says

Operators in Argentina are focusing on reversing the Neuquén basin's gas production decline by targeting low-permeability, tight gas reservoirs. The shift to tight gas production over the last three years is being driven by pricing incentives and lower costs versus shale gas wells.

Venezuela oil exports seen falling as economic woes worsen

The long decline in Venezuela’s oil production is becoming a supply risk for international markets, according to a report by Columbia University’s Center on Global Energy Policy.

Coring tool retrieves 71 sidewall core samples in one run

Aleksandar Milankovic, Ricardo Senne, Pablo E. Coronado, Halliburton

A high recovery rate and world record helped Petrobras achieve objectives, while saving 24 hr of deepwater drillship time, as well as operational costs.

Technip, DOF Subsea joint venture takes delivery of PLSV Skandi Açu

Technip and DOF Subsea’s 50/50 owned joint venture, TechDof Brasil AS, has taken final delivery of the pipe-lay support vessel (PLSV) Skandi Açu, the companies said Tuesday.

Fugro to support Total's ultra-deepwater drilling campaign offshore Uruguay

Fugro has been awarded a contract by Total E&P Uruguay to support its drilling campaign offshore Uruguay. The contract provides for ROV and tooling services in Raya-1 field, which has a water depth of 3,400 m.

Vaca Muerta is key energy to Argentina energy exports, IHS Markit says

Argentina’s promising Vaca Muerta unconventional energy play could deliver approximately 560,000 bpd of liquids and 6 Bcfgd by 2040, increasingly meeting the country’s growing demands for energy with domestic production and helping reduce its dependence on imports, according to recent analysis from IHS Markit.

Chevron wins ruling blocking $8.6-billion order in Ecuador fight

Chevron Corp. won a victory in its long-running battle against Ecuadoreans and the zealous American lawyer who represented them, as an appeals court barred the attorney from enforcing in the U.S. an $8.6-billion award because he won it through deceit.

YPF plans to sell non-core assets after second-quarter loss

YPF SA, Argentina’s biggest company, plans to divest non-core assets in a bid to focus in projects that pay back quickly.

Intermoor completes decommissioning operations of OSX-1 FPSO in Brazil

InterMoor do Brasil, an Acteon company, successfully completed their involvement in the decommissioning operations of the OSX-1 Floating Production System and Offloading (FPSO).

Total starts production at Bolivia’s Incahuasi gas field

Total has brought Incahuasi gas and condensate field, the group’s first operated development in Bolivia, on stream. The field has a production capacity of 50,000 boed.

MicroSeismic awarded monitoring contract in Argentina's Neuquén basin

MicroSeismic, Inc., has announced plans to install the first permanent BuriedArray for a major operator in Argentina.

BP Trinidad and Tobago, Atlantic LNG sanction compression project

BP Trinidad and Tobago and Atlantic LNG have sanctioned the Trinidad Onshore Compression (TROC) project.

Statoil buys $2.5-billion stake in Santos basin license from Petrobras

Statoil is to acquire Petrobras’ 66% operated interest in the BM-S-8 offshore license in Brazil’s Santos basin.

Venezuela’s oil production fell to 13-year low in June, IEA says

Venezuelan crude production fell to a 13-year low last month as an economic crisis weighed on the OPEC member’s oil industry, the International Energy Agency said.

Petrobras' Lula field is eighth in the Santos basin pre-salt

Petrobras has announced the start-up of the Lula Central production system, with the interconnection of the first production well (8-LL-81D-RJS) to FPSO Cidade de Saquarema, on July 8, and the production stabilization at around 30 Mbpd on July 11.

NOVATEK ships first LNG cargo from Trinidad & Tobago

OAO NOVATEK has announced that Novatek Gas & Power, a wholly owned trading subsidiary of NOVATEK, has supplied its first LNG cargo sourced from the Trinidad & Tobago LNG plant, to Chile, Port Quintero.

Petrobras to sell nine shallow-water concessions

Petrobras is selling nine shallow-water concessions in the states of Ceará and Sergipe.

Panama Canal to see 550 U.S. LNG tankers a year following expansion

Natural gas exports from the U.S. Gulf Coast will reach buyers in Asia and South America faster and at lower costs thanks to an expanded Panama Canal that could see 550 tankers a year by 2021.

Exxon confirms world-class oil discovery offshore Guyana

Exxon Mobil today said that drilling results from the Liza-2 well, the second exploration well in the Stabroek Block offshore Guyana, confirm a world-class discovery with a recoverable resource of between 800 MMboe and 1.4 Bboe.

Lloyd's Register extends rig integrity support in blowout preventers to BHP Billiton

Lloyd’s Register has extended rig integrity support for the Deepwater Invictus drillship. The company’s expertise in BOPs and rig integrity will be used to provide confidence in how risk is managed for deepwater drilling and well exploration.