Latin America ///
Canacol Energy has revised its capital plan for 2016. The new capital plan accelerates the corporation's natural gas opportunities in Colombia, with three new gas wells.
Saipem has been awarded new contracts and extensions to existing contracts in the onshore drilling segment in the Middle East and South America. The awards have an overall value of $430 million.
Argentina’s biggest oil company sees the government removing production subsidies by the end of 2017, a step that may help lure investment as President Mauricio Macri tries to sell his vision of a more competitive economy.
Today marked the start of commercial production from the Incahuasi field in Bolivia. Incahuasi is one of the largest active gas and condensate fields in Bolivia.
The world’s largest oilfield services providers are making plans to help boost output in Venezuela, according to the president of the country’s state-run oil company.
Brazil’s main oil workers union is meeting Monday and doesn’t rule out a strike as it battles with state-controlled Petroleo Brasileiro for more compensation, union leader Jose Maria Rangel said in an interview.
BP Plc would rather invest in Argentina’s shale oil fields than in Texas’ Permian basin, the U.S. drilling hot spot, CEO Bob Dudley said.
The Ministry of Industry, Energy and Mining of the Republic of Uruguay has been authorized by the President of the Republic to allow the Administración Nacional de Combustibles, Alcoholes y Portland (ANCAP) to contract directly with TGS for the purpose of standardization and commercialization of a multi-client well data program for exploration wells in Uruguay.
Brazil’s state-controlled oil company Petrobras plans to save billions of dollars after completing a voluntary dismissal program to help reduce debt and adjust to lower oil prices.
Statoil and Petrobras took a step forward in strengthening their cooperation in Brazil by signing a Memorandum of Understanding (MoU).
Hansa Heavy Lift has transported five pipe racks and three modules, weighing a total of 1,871.51 metric tonnes and measuring 24,075 m³, for a new floating production storage and offloading (FPSO) unit off the coast of Brazil.
Operators in Argentina are focusing on reversing the Neuquén basin's gas production decline by targeting low-permeability, tight gas reservoirs. The shift to tight gas production over the last three years is being driven by pricing incentives and lower costs versus shale gas wells.
The long decline in Venezuela’s oil production is becoming a supply risk for international markets, according to a report by Columbia University’s Center on Global Energy Policy.
A high recovery rate and world record helped Petrobras achieve objectives, while saving 24 hr of deepwater drillship time, as well as operational costs.
Technip and DOF Subsea’s 50/50 owned joint venture, TechDof Brasil AS, has taken final delivery of the pipe-lay support vessel (PLSV) Skandi Açu, the companies said Tuesday.
Fugro has been awarded a contract by Total E&P Uruguay to support its drilling campaign offshore Uruguay. The contract provides for ROV and tooling services in Raya-1 field, which has a water depth of 3,400 m.
Argentina’s promising Vaca Muerta unconventional energy play could deliver approximately 560,000 bpd of liquids and 6 Bcfgd by 2040, increasingly meeting the country’s growing demands for energy with domestic production and helping reduce its dependence on imports, according to recent analysis from IHS Markit.
Chevron Corp. won a victory in its long-running battle against Ecuadoreans and the zealous American lawyer who represented them, as an appeals court barred the attorney from enforcing in the U.S. an $8.6-billion award because he won it through deceit.
YPF SA, Argentina’s biggest company, plans to divest non-core assets in a bid to focus in projects that pay back quickly.
InterMoor do Brasil, an Acteon company, successfully completed their involvement in the decommissioning operations of the OSX-1 Floating Production System and Offloading (FPSO).