Latin America ///
Petrobras reports that in 2018, its total production of oil and gas, including natural gas liquids (NGL), was 2.63 MMboed, of which 2.53 MMboed produced in Brazil and 101,000 boed abroad. Petrobras’ own production of oil in Brazil was 2.03 MMbpd.
Venezuela will remap its Caribbean oil and gas prospects in a move that could further stoke a century-long border dispute with Guyana and collide with Exxon Mobil Corp.’s venture in the region, people with knowledge of the plan said.
ExxonMobil said today that it has begun drilling the Haimara-1 exploration well offshore Guyana, the first of two planned wells in January.
With brand-name drillers unwilling to jump in, Venezuela is resorting to a newly formed U.S. company for help in shoring up production from its crude reserves, the largest in the world.
The new head of Brazil’s state-controlled oil company criticized its history of government interference and vowed to pursue policies that will boost profit, echoing a wider pledge by President Jair Bolsonaro to reduce the state’s role in Latin America’s largest economy.
Halliburton Company has announced its board of directors has appointed Jeff Miller, the company’s president and CEO, as chairman of the board, effective Jan. 1, 2019.
Rowan Companies plc announced that the Rowan Gorilla VI (a Super Gorilla class jack-up) has been extended by Shell in Trinidad.
Exmar has announced that its Floating LNG Liquefaction Unit (FLNG), to be renamed Tango FLNG, has left China to the destination of its liquefaction operations: Bahia Blanca, Argentina.
Petrobras' total production of oil and gas in November, including natural gas liquids (NGL), was 2.62 MMboed, of which 2.52 MMboed were produced in Brazil and 100 Mboed outside.
Things haven’t been this bad for the world’s biggest oil stock since Ronald Reagan became president. But brace yourself, 2019 may not be much better.
Hess Corp. tumbled the most in almost three years, wiping out $1.5 billion in market valuation, after work at the oil explorer’s most promising international investment was halted by a Venezuelan blockade.
Rowan Companies plc has announced that the Ralph Coffman, a 240-C Class harsh environment jack-up rig, has been awarded a 180-day contract in Trinidad.
Saipem has been awarded new onshore and offshore drilling contracts worth approximately $255 million.
Agreement signed involves the sale of Petrobras' stake in the Lapa field and joint venture formation for onshore solar and wind projects in Brazil.
President Energy, the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, has provided the following update relating to the New Puesto Prado and Las Bases Concessions in Rio Negro Province, Argentina.
Moreira Franco has had a long, varied and distinguished career spanning decades in Brazilian politics and academia, starting out as a sociology professor at the Federal Fluminense University before making the move into politics as the Mayor of Niterói in 1977.
Rowan Companies plc has announced that the Ralph Coffman, a 240-C Class harsh environment jack-up rig, has been awarded a one-well contract from CGX Resources in Guyana for an estimated duration of 60 days.
President Energy, the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, has provided the following update relating to the Puesto Flores Concession in Rio Negro Province, Argentina.
BP Trinidad and Tobago (BPTT) has announced the sanction for two new gas developments offshore Trinidad, Cassia Compression and Matapal.
Total is ready to start its exploration campaign on the Guyane Maritime license, located 93.2 mi (150 km) off the French Guiana coast, in the days following the arrival of the drilling ship on site, as authorized by the prefectoral decree dated October 22, 2018.