Latin America ///

Premier Oil suspends Falklands well on BOP problem

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 inks licensing & technology agreement with Fibratore

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 discovers onshore oil in Espírito Santo basin

Petrobras has discovered an onshore oil accumulation in the Espírito Santo basin.

Petrobras reports new Amazon basin discovery

Petrobras has discovered a new oil and gas accumulation in the Amazon basin, Block AM-T-84.

Petrobras confirms productivity of Sergipe basin’s Farfan reservoirs

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 spuds first well of 2015 Goudron program

LGO has started drilling the first well in its 2015 seven-well development program at Goudron field in Trinidad.

Oil-rich nations selling assets at record pace

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.

Companies in the news

Steven McGinn, World Oil

Companies in the news

Petrobras sells assets in Argentina’s Austral basin

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.

Rosneft focuses on Russian gas as Latin American prospects appear limited: GlobalData

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.

Petrobras said to start asset sale with fields in Argentina

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.

Petrobras discovers 200-m hydrocarbon column at Libra C1 extension well

The Libra consortium has finished drilling extension well C1. The drilling results confirmed a hydrocarbon column 200 m deep with good permeability and porosity.

Brazil to auction onshore oil fields to bolster ailing industry

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 breaks water column record in Sergipe-Alagoas basin

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.

CGG nets Anadarko contract for 3D survey offshore Colombia

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.

Platform P-61 starts up at Papa Terra field, Petrobras says

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 starts talks with customers in Eastern Europe, Asia

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 starts early production system at Buzios field

Petrobras started up its early production system in the Santos basin’s Buzios field on Tuesday.

Offshore in depth

Ron Bitto, Contributing Editor

“Operation Car Wash” takes shine off Petrobras

Aqualis Offshore wins Brazilian FPSO contract

OSLO, Norway -- Aqualis Offshore, part of Oslo-listed Aqualis ASA, has won an important contract for an FPSO project in Brazil.