Latin America ///
There is room to discuss postponement of at least one oil and gas auction in 2019.
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).
The Argentinian authorities officially awarded the exploration license of offshore block MLO 124 to an Eni-led consortium.
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 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 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.
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 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.
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.
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 has said it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals.
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.
One of Brazil’s best-performing hedge funds has been scooping up the shares of state-controlled oil giant Petroleo Brasileiro SA.
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 said today it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block.
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 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.
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 adds seven offshore exploration blocks to its portfolio, after presenting winning bids in the 1st Offshore Licensing Round in Argentina.
Argentina's first national offshore licensing round was held yesterday, April 16, 2019, in Buenos Aires.