Latin America ///

President Energy shares positive Argentina outlook

President Energy provides an update on its business in Argentina and in particular the Puesto Flores/Estancia Vieja Concession, Rio Negro Province.

Global oil and gas leaders discuss evolving energy landscape

Twenty-six of the world’s leading oil and gas sector leaders gathered in Abu Dhabi on Sunday, for a high-level industry forum focused on the evolving dynamics of the energy landscape, and the opportunities for hydrocarbon-produced energy to support global growth, today, and in the future.

Equatorial Guinea is said to expect $2.4-billion oil investment

Equatorial Guinea expects oil companies to spend $2.4 billion on the nation’s oil and gas industry by the end of next year.

Colombia plans Mexico-style oil hedge after recent volatility

Colombia is planning to hedge its oil exports to protect the government from the violent swings in revenue it suffered in recent years.

Eco Atlantic gets approval for transfer of 25% interest in Guyana's Orinduik Block

Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company with licenses in highly prospective regions in Guyana and Namibia, announces today that, further to the Company's announcement of Sept. 13, 2018, the Honourable David Granger, president of the Cooperative Republic of Guyana and the Minister Responsible for Petroleum, has approved the transfer of the 25% working interest (WI) in the Orinduik Block, offshore Guyana.

YPF chiefs raise output outlook as Vaca Muerta begins to deliver

YPF SA will produce more oil and gas than originally planned over the next five years as shale output from the Vaca Muerta formation picks up, according to the Argentine producer’s top two executives.

President Energy spuds development well at Puesto Flores field, in Argentina

President Energy, the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, confirms that the PFE 1001 development well has now spudded at the Puesto Flores/Estancia Vieja Concession in Rio Negro Province, Argentina

Conoco collecting $2 billion by the barrel from Venezuelans

ConocoPhillips’ decade-old legal war with Venezuela began paying off this week as the embattled Latin American country started making good on a $2-billion arbitration settlement one barrel of crude at a time.

Shell adds new, deepwater production in Brazil

New, deepwater production is underway today at Lula Extreme South in the Brazilian Santos basin. Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. (Shell) and consortium partners, announces that the FPSO P-69 is now producing.

President Energy provides update on drilling at Puesto Flores field, Argentina

President Energy, the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, has provided an update on its current drilling program at the Puesto Flores/Estancia Vieja Concession in Rio Negro Province, Argentina.

EMGS mobilizes vessel for potential acquisition contract

Electromagnetic Geoservices (EMGS) is engaged in the final stages of a contractual exchange for a data acquisition survey in South America.

Service companies chase international boom as U.S. shale drilling moderates

The biggest providers of oilfield services are surfing a wave of international spending on the back of higher prices, but the good news is tempered by an activity slowdown in their own back yard.

People in the industry

Michele Cowart, World Oil

Hal J. Goldie has been appointed to the board of Enpro Subsea, based in Houston. With a career that spans almost 50 years in the industry, Goldie was previously president at Cameron Subsea Systems.

What's new in exploration

William (Bill) Head, Contributing Editor

Where are the oil reserves?

Aker Solutions wins subsea order for giant Mero field, offshore Brazil

Aker Solutions has signed a contract with Petrobras to provide a subsea production system and related services for the Mero 1 project within the Mero field development, one of the largest oil discoveries in Brazil's pre-salt area.

Crude tumbles most in seven weeks as American stockpiles swell

Oil dropped from the highest price in almost four year amid signs of a growing crude surplus in the world’s biggest economy.

YPF is said to shut gas wells as Argentine economy flops

YPF SA, Argentina’s state-run energy producer, is closing the tap on some of its natural gas wells as the nation’s second recession in three years curbs demand, according to people with direct knowledge of the matter.

Exxon adds acreage to its deepwater portfolio offshore Brazil

ExxonMobil has increased its holdings in Brazil’s pre-salt basins after it won the Titã exploration block with co-venturer Qatar Petroleum during Brazil’s 5th pre-salt bid round.

Equinor contracts newbuilt shuttle tankers for Brazil's Roncador field

The crude oil production from the newly acquired 25% interest in the Roncador oil field in Brazil will be lifted and transported by shuttle tankers. Equinor has now entered into time charter contracts for two newbuilt shuttle tanker with the shipowner Knutsen NYK Offshore Tankers AS (Knutsen).

Jumbo has been awarded an FSRU mooring system contract

Jumbo’s offshore division was awarded the contract by Sapura to perform the transportation and installation of the FSRU’s mooring system as well as project management and engineering services.