Latin America ///
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.
Ocean Rig's Eirik Raude has arrived in the North Falkland basin (NFB) ahead of a six-well campaign, Rockhopper Exploration has reported.
Technip was awarded a subsea contract from Tupi BV for the ongoing development of the Lula Alto field, in the Santos basin pre-salt area, Brazil.
Márcio Zimmermann has resigned as a Petrobras board member, and has been replaced by newly-elected Luiz Navarro.
Argentina's YPF SA is defying the oil industry trend after crude prices collapsed by keeping last year’s capital budget intact without laying off workers.
Venezuela, plagued with shortages of basic goods, was offered a reprieve by the Prime Minister of neighboring Trinidad & Tobago: exchange oil for tissue paper.
RIO DE JANEIRO (Bloomberg) -- Rolls-Royce Holdings said it will take all necessary action to ensure compliance with the law following allegations it was involvement in bribery and kickbacks at Brazilian oil producer Petrobras.
Chevron has reached a settlement agreement with James Russell DeLeon, the principal funder of the fraudulent lawsuit against Chevron in Ecuador.
An advanced, solids-free epoxy resin was applied for gas shut-off in a difficult-to-abandon well in Colombia. The versatile system allowed the well to be brought back into line with governmental regulations.