Latin America ///

Subsea technologies to be explored in Brazil

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 awarded contracts for Exxon's Liza Unity FPSO in Guyana

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.

OTC: Argentina has much to offer, both unconventionally and offshore

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.

Wintershall Dea appoints leadership in Argentina, Deutschland and Norway

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 to proceed with Liza Phase 2 development offshore Guyana

ExxonMobil has said it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals.

Hess sanctions Liza Phase 2 development offshore Guyana

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.

Petrobras receives investment from top Brazil hedge fund as they "buy low"

One of Brazil’s best-performing hedge funds has been scooping up the shares of state-controlled oil giant Petroleo Brasileiro SA.

Petrobras executes three agreements for sale of assets totaling $10.3 billion

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 makes 13th discovery offshore Guyana

ExxonMobil said today it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block.

Reliance rebukes reports of inappropriate payments for Venezuela oil

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 expands portfolio in Argentina

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.

Brazil's Pre-salt Exclusive Economic Zone discussion postponed for 2020

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 wins seven exploration blocks offshore Argentina

Equinor adds seven offshore exploration blocks to its portfolio, after presenting winning bids in the 1st Offshore Licensing Round in Argentina.

Majors step up to bid on Argentina offshore acreage

Argentina's first national offshore licensing round was held yesterday, April 16, 2019, in Buenos Aires.

Halliburton awarded Shell Offshore exploration contract in Brazil's Campos, Santos basins

Halliburton awarded Shell Offshore exploraiton contract in Brazil's Campos, Santos basins

ExxonMobil wins three blocks in Argentina offshore bid round

ExxonMobil has increased holdings in Argentina after its subsidiary ExxonMobil Argentina Offshore Investments B.V. and an affiliate of Qatar Petroleum won three exploration blocks during Argentina’s first offshore bid round.

Forum secures ROV contracts for DOF Subsea's Brazil projects

Forum Subsea Technologies has secured orders from DOF Subsea to supply three of its Ultra Compact Perry XLX-C work-class remotely operated vehicles (ROVs).

Venezuela, Cuba-allied companies sanctioned by U.S. for 2019 oil shipments

The companies -- linked to the delivery of oil during February and March aboard the tanker Despina Andrianna -- are Ballito Bay Shipping Inc., based in Monrovia, Liberia and ProPer In Management Inc., based in Piraeus, Athens, the U.S. Treasury Department said in a statement.

Petrobras sells 90% stake in gas pipeline for $8.6 billion

France’s Engie SA and Canadian pension fund Caisse de Depot et Placement du Quebec have agreed to buy Petroleo Brasileiro SA's 90% stake in a natural gas pipeline unit for $8.6 billion.

Crude has surged >35% in 2018 as OPEC+ limit output

West Texas Intermediate futures were little changed, poised for a fifth weekly increase. OPEC cut production for a fourth month in March, while supply risks are mounting in member nations exempt from the strategy.