Latin America ///

Brazil's ANP identifies opportunity to postpone oil and gas auctions in 2019

There is room to discuss postponement of at least one oil and gas auction in 2019.

Brazil wants to double gas outflow from pre-salt formation

New routes to deliver the natural gas produced in the pre-salt could require $2 billion in investments, according to the Energy Research Company (EPE).

Eni awarded high potential exploration block offshore Argentina

The Argentinian authorities officially awarded the exploration license of offshore block MLO 124 to an Eni-led consortium.

Venezuela falls to fourth-largest oil producer in Latin America

Venezuela, which sits atop more oil than Saudi Arabia, has fallen behind three other Latin American countries as years of mismanagement and lack of investments take its toll.

McDermott awarded EPCI contract by Petrobras for Sepia Field Project

McDermott International, Inc. has announced the award of a significant* contract by Petrobras for engineering, procurement, construction and installation of subsea risers and flowlines for the first phase of the Sepia field, located 174 mi (280 km) from the Rio de Janeiro coastline in Brazil.

Cubility and Argentina-based firm partner to distribute MudCube

Cubility AS, a leading provider of solids control solutions that improve efficiencies, solids control and HSE around drilling operations, has announced an exclusive partnership with Argentinian solids control specialists Polyar SA to market, sell and support its MudCube solution across Argentina.

Subsea technologies to be explored in Brazil

Industry body Subsea UK is inviting UK organizations to participate in the ‘UK and Brazil: Partners in Energy’ trade mission, which takes place in June.

SBM Offshore awarded contracts for Exxon's Liza Unity FPSO in Guyana

SBM Offshore has announced that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil Corporation, has confirmed the award of contracts for the next phase of the Liza project in Guyana.

OTC: Argentina has much to offer, both unconventionally and offshore

Expertise in unconventionals is growing by leaps and bounds in Argentina, and operators are also taking a hard look at the country’s offshore potential.

Wintershall Dea appoints leadership in Argentina, Deutschland and Norway

Change of leadership at Wintershall Energía (soon to be Wintershall Dea Argentina): Manfred Böckmann took over the position of managing director in Argentina as of May 1, 2019.

ExxonMobil to proceed with Liza Phase 2 development offshore Guyana

ExxonMobil has said it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals.

Hess sanctions Liza Phase 2 development offshore Guyana

Hess Corporation has announced it has received regulatory approval from the government of Guyana and has made a final investment decision to proceed with the second phase of development of the Liza Field on the Stabroek Block, offshore Guyana.

Petrobras receives investment from top Brazil hedge fund as they "buy low"

One of Brazil’s best-performing hedge funds has been scooping up the shares of state-controlled oil giant Petroleo Brasileiro SA.

Petrobras executes three agreements for sale of assets totaling $10.3 billion

Petrobras executed three sale and purchase agreements to sell assets in the total amount of $10.3 billion (R$40 billion). In 2019, considering the signed transactions and the closed one, the total amount of asset sales is $11.3 billion.

ExxonMobil makes 13th discovery offshore Guyana

ExxonMobil said today it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block.

Reliance rebukes reports of inappropriate payments for Venezuela oil

Claims of Reliance Industries Ltd.'s purchases of crude oil from Venezuela’s state-owned oil company, PDVSA, for payment in cash to third parties are false, according to the company.

Wintershall expands portfolio in Argentina

Wintershall won the bidding process for two blocks in the promising Malvinas Basin off the coast of Tierra del Fuego as part of the “Costa Afuera” licensing round. In addition to the CMA-1 exploitation concession, with this award, the company will participate in further offshore exploration projects in Argentina.

Brazil's Pre-salt Exclusive Economic Zone discussion postponed for 2020

The government postponed for next year the discussion on the definition of exploratory oil and gas blocks in a promising pre-salt area located beyond the limits of the Exclusive Economic Zone (EEZ), 200 nautical mi off the Brazilian coast.

Equinor wins seven exploration blocks offshore Argentina

Equinor adds seven offshore exploration blocks to its portfolio, after presenting winning bids in the 1st Offshore Licensing Round in Argentina.

Majors step up to bid on Argentina offshore acreage

Argentina's first national offshore licensing round was held yesterday, April 16, 2019, in Buenos Aires.