Latin America ///
Premier Oil’s Isobel Deep exploration well offshore the Falkland Islands has been temporarily suspended, Falkland Oil and Gas Limited, a partner in the well, reports.
Strongwell Corporation, a company involved in pultrusion of fiber reinforced polymers (FRP), has entered into an exclusive licensing and technology agreement in Central and South America with Fibratore S.A., designer and manufacturer of FRP components.
Petrobras has discovered an onshore oil accumulation in the Espírito Santo basin.
Petrobras has discovered a new oil and gas accumulation in the Amazon basin, Block AM-T-84.
Petrobras has completed its formation test on well 3-BRSA-1286-SES, in concession BM-SEAL-11, in the ultra-deep waters of the Sergipe-Alagoas basin.
LGO has started drilling the first well in its 2015 seven-well development program at Goudron field in Trinidad.
LONDON (Bloomberg) -- In the heady days of the commodity boom, oil-rich nations accumulated billions of dollars in reserves they invested in U.S. debt and other securities. They also occasionally bought trophy assets, such as Manhattan skyscrapers, luxury homes in London or Paris Saint-Germain Football Club.
Petrobras Argentina’s board of directors has approved the sale of all of its assets in the Austral basin, province of Santa Cruz, to Compañia General de Combustibles (CGC) for $101 million.
Despite the recent Memorandum of Understanding between Rosneft and Golar LNG, the former’s current gas strategy is narrowly focused on developing domestic reserves and initiating LNG projects in Russia, according to GlobalData.
BUENOS AIRES (Bloomberg) -- Petroleo Brasileiro SA, the state-controlled company at the center of Brazil’s biggest corruption scandal, agreed to sell oil and natural gas fields in southern Argentina to billionaire Eduardo Eurnekian’s Corporacion America, two people with knowledge of the deal said.
The Libra consortium has finished drilling extension well C1. The drilling results confirmed a hydrocarbon column 200 m deep with good permeability and porosity.
RIO DE JANEIRO (Bloomberg) -- Brazil plans to auction onshore fields in the second half of the year to encourage foreign oil companies to remain active in the country, according to two government officials with direct knowledge of the matter.
Petrobras has set a new national record of 2,990 m for drilling under a water column—the distance between the water surface and the seabed.
PARIS -- CGG announced Thursday that it has been awarded a contract by a subsidiary of Anadarko Petroleum Corp. to acquire and process a 16,314-km2 3D seismic survey on the Caribbean coast offshore Colombia.
Petrobras has announced the start-up of platform P-61 in Papa Terra field, in the southern tip of the Campos basin, 110 km off the coast of Brazil and at a water depth ranging from 400 m to 1,400 m.
Texas LNG, a closely held company planning a $1.3 billion liquefied natural gas project in the U.S., has started talks with potential customers, targeting companies in Eastern Europe, Latin America and Asia.
Petrobras started up its early production system in the Santos basin’s Buzios field on Tuesday.
“Operation Car Wash” takes shine off Petrobras
OSLO, Norway -- Aqualis Offshore, part of Oslo-listed Aqualis ASA, has won an important contract for an FPSO project in Brazil.