Latin America ///

Petrobras has published its 2018 oil, natural gas production

Petrobras reports that in 2018, its total production of oil and gas, including natural gas liquids (NGL), was 2.63 MMboed, of which 2.53 MMboed produced in Brazil and 101,000 boed abroad. Petrobras’ own production of oil in Brazil was 2.03 MMbpd.

Venezuela is said to map Caribbean as tension with Exxon grows

Venezuela will remap its Caribbean oil and gas prospects in a move that could further stoke a century-long border dispute with Guyana and collide with Exxon Mobil Corp.’s venture in the region, people with knowledge of the plan said.

ExxonMobil begins drilling Haimara-1 exploration well, offshore Guyana

ExxonMobil said today that it has begun drilling the Haimara-1 exploration well offshore Guyana, the first of two planned wells in January.

Venezuela taps obscure driller to replace big-name oil firms

With brand-name drillers unwilling to jump in, Venezuela is resorting to a newly formed U.S. company for help in shoring up production from its crude reserves, the largest in the world.

New Petrobras CEO rejects government intervention, vows increased oil production

The new head of Brazil’s state-controlled oil company criticized its history of government interference and vowed to pursue policies that will boost profit, echoing a wider pledge by President Jair Bolsonaro to reduce the state’s role in Latin America’s largest economy.

Halliburton President and CEO Jeff Miller appointed as chairman of the board

Halliburton Company has announced its board of directors has appointed Jeff Miller, the company’s president and CEO, as chairman of the board, effective Jan. 1, 2019.

Shell has extended Rowan's Gorilla VI jack-up contract in Trinidad

Rowan Companies plc announced that the Rowan Gorilla VI (a Super Gorilla class jack-up) has been extended by Shell in Trinidad.

Exmar's Tango FLNG sets sail for Argentina

Exmar has announced that its Floating LNG Liquefaction Unit (FLNG), to be renamed Tango FLNG, has left China to the destination of its liquefaction operations: Bahia Blanca, Argentina.

Petrobras has produced 2.62 MMbbl of oil in Nov. 2018

Petrobras' total production of oil and gas in November, including natural gas liquids (NGL), was 2.62 MMboed, of which 2.52 MMboed were produced in Brazil and 100 Mboed outside.

Exxon in `bull's-eye' as worst year since Reagan nears end

Things haven’t been this bad for the world’s biggest oil stock since Ronald Reagan became president. But brace yourself, 2019 may not be much better.

Hess market cap plunges $1.5 billion, Exxon vessel blocked by Venezuelan protest

Hess Corp. tumbled the most in almost three years, wiping out $1.5 billion in market valuation, after work at the oil explorer’s most promising international investment was halted by a Venezuelan blockade.

Rowan has been awarded contracts for the Ralph Coffman and the Joe Douglas

Rowan Companies plc has announced that the Ralph Coffman, a 240-C Class harsh environment jack-up rig, has been awarded a 180-day contract in Trinidad.

Saipem has received new onshore and offshore drilling contracts worth approximately $255 million

Saipem has been awarded new onshore and offshore drilling contracts worth approximately $255 million.

Petrobras, Total advance in new strategic partnership deals

Agreement signed involves the sale of Petrobras' stake in the Lapa field and joint venture formation for onshore solar and wind projects in Brazil.

President Energy reports first oil flows from Puesto Prado, Argentina

President Energy, the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, has provided the following update relating to the New Puesto Prado and Las Bases Concessions in Rio Negro Province, Argentina.

Minister of the year awarded to Wellington Moreira Franco

Moreira Franco has had a long, varied and distinguished career spanning decades in Brazilian politics and academia, starting out as a sociology professor at the Federal Fluminense University before making the move into politics as the Mayor of Niterói in 1977.

Rowan signs contract with CGX Resources for the Ralph Coffman

Rowan Companies plc has announced that the Ralph Coffman, a 240-C Class harsh environment jack-up rig, has been awarded a one-well contract from CGX Resources in Guyana for an estimated duration of 60 days.

President Energy reports drilling success of third well at Argentina's Puesto Flores concession

President Energy, the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, has provided the following update relating to the Puesto Flores Concession in Rio Negro Province, Argentina.

BP announces sanction of Cassia Compression and Matapal gas projects in Trinidad

BP Trinidad and Tobago (BPTT) has announced the sanction for two new gas developments offshore Trinidad, Cassia Compression and Matapal.

Total commits to exploration in Guiana, invites NGOs to visit drilling operations

Total is ready to start its exploration campaign on the Guyane Maritime license, located 93.2 mi (150 km) off the French Guiana coast, in the days following the arrival of the drilling ship on site, as authorized by the prefectoral decree dated October 22, 2018.