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South America


Hess Announces Eighth Oil Discovery Offshore Guyana
Guyana >> 6/20/2018 - Hess Corporation (HES) announced an eighth oil discovery offshore Guyana at the Longtail-1 exploration well, creating the potential for additional resource development in the southeast area of the Sta...
Equinor Enters Solar Project in Argentina
Argentina >> 6/19/2018 - Equinor has signed an agreement with Martifer Renewables to acquire a 50 % interest in the Guanizul 2A (G2A) solar asset in Argentina. The project has a potential to provide around 80.000 Argentine ho...
Puesto Flores Oil Field Production Surpasses 2,000bopd
Argentina >> 6/18/2018 - President Energy (PPC), the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, provides an update in relation to its workover pr...
Petrobras Starts Non Binding Sale of Tartaruga Verde
Brazil >> 6/18/2018 - Petrobras, further to the Material Fact of 04/03/2018 and Press Release of 05/23/2018, informs the beginning of the non-binding phase related to the sale of 50% of its non-operated working interest in...
Petrobras Starts Non Binding Sale of Bauna Field
Brazil >> 6/18/2018 - Petrobras, further to the material fact of 04/03/2018 and press release of 05/23/2018, announces the beginning of the non-binding phase related to the sale of its entire stake in Bauna field (concessi...
Investment Opportunities Onshore Fields: Start of the Binding Phase
Brazil >> 6/18/2018 - Petrobras, further to the Material Fact of 09/22/2017 and press release of 03/02/2018, informs the beginning of the binding phase related to the full sale of its exploration, development and productio...
Damen & SAAB Announce Partnership to Participate on the Tender for the Tamandaré Class Corvette
Brazil >> 6/18/2018 - In order to meet the needs of the Brazilian Navy, Damen Schelde Naval Shipbuilding and Saab come together to develop the project that will supply four Tamandaré Class corvettes. The companies are worl...
Echo Energy Announces Acceleration of Fraccion D Drilling
Argentina >> 6/15/2018 - Echo Energy plc is pleased to announce that following completion of the succesful extended well test on well CSo-85 in the Company's Fraccion D asset, the Company and its Joint Venture partner and ope...
Equinor Completes Acquisition of 25% Interest in Roncador Field
Brazil >> 6/15/2018 - Equinor and Petrobras have completed their transaction announced in December 2017, whereby Equinor has acquired a 25% non-operated interest in the Roncador oil field in Brazil’s Campos Basin. This fol...
Brazil’s Oil and Natural Gas Production in May
Brazil >> 6/15/2018 - Petrobras informs that in May its total production of oil and gas, including natural gas liquids (NGL), was 2.67 million barrels of oil equivalent per day (boed), of which 2.57 million boed were produ...
Uruguay to Adopt Permanent Offer Process for Offshore Oil Blocks
Uruguay >> 6/15/2018 - Uruguay will move toward a permanent offer process for offshore oil blocks as other Latin American countries have done, after an April auction failed to attract bids, Industry, Energy and Mining Minis...
Archer Secures Drilling Contract with Pampa Energy in Argentina
Argentina >> 6/14/2018 - Archer Limited announces that Pampa Energy S.A. has awarded Archer’s wholly owned subsidiary DLS Archer Ltd. a 3 year contract, commencing August 1st of this year, for the provision of land drilling s...
TechnipFMC & DOF Subsea Announce the Delivery of Skandi Recife
Brazil >> 6/14/2018 - TechnipFMC (FTI) and DOF Subsea (DOF) announce that the Skandi Recife, a Brazilian-flagged flexible lay and construction vessel owned by the joint venture formed between TechnipFMC (50%) and DOF (50%)...
Venezuela Appoints Bank Executive Medina as Oil Company CFO
Venezuela >> 6/14/2018 - The Venezuelan government has appointed bank executive Iris Medina as new chief financial officer for state oil company PDVSA, according to the official gazette. ...
Echo Energy Commences the Drilling on EMS-1001 Well
Argentina >> 6/12/2018 - Echo Energy plc, the Latin American focused upstream oil and gas company, is pleased to announce the commencement of drilling of the third exploration well in a four well back-to-back campaign in the ...
Gravity & Magnetic Study Supports Large Prospect Identified in Cuba
Cuba >> 6/12/2018 - Melbana Energy Limited (MAY) (Melbana) is pleased to provide the following update on Cuba Block 9 (Melbana 100% and operator). ...
ExxonMobil Advances Liza Phase 1 Development
Guyana >> 6/12/2018 - The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said. ...
Echo Energy Announces CSo-85 Positive Extended Well Test Results
Argentina >> 6/11/2018 - Echo Energy plc announces the succesful completion of the extended well test following the workover on well CSo-85 located in the mature Canadon Salto field in the Company's Fraccion D asset, in Joint...
Echo Energy Completes ELA-1 well
Argentina >> 6/6/2018 - Echo Energy plc, the Latin American focused upstream oil and gas company, announces the succesful completion of drilling of the ELA-1 exploration well at the Company's Laguna Los Capones Asset (surrou...
Schlumberger & Halliburton Ready Bids for Petrobras Output Sharing Deal
Brazil >> 6/6/2018 - Schlumberger NV (SLB.N) and Halliburton Co (HAL.N) are preparing offers for an onshore production sharing deal with Brazil’s state-controlled Petrobras (PETR4.SA), two sources said, a first for oil se...
Equinor, ExxonMobil & Galp Complete Transactions in Block BM-S-8
Brazil >> 6/6/2018 - Equinor and its partners in the Carcara North block, ExxonMobil and Galp, have closed their transactions in neighbouring block BM-S-8 as announced in October and December 2017. ...
Appointment of the New CEO
Brazil >> 6/5/2018 - Petrobras informs that its controlling shareholder has informed the company of the appointment of the engineer Ivan de Souza Monteiro, current interim CEO, to join Petrobras' Board of Directors and ho...
Massy Wood Gears Up for Growth in Trinidad and Tobago
Trinidad and Tobago >> 6/5/2018 - Wood joint venture Massy Wood is staffing up its local presence to meet increased customer demand for subsea oil and gas development solutions in Trinidad and Tobago. The company recently appointed ne...
Qatar Petroleum Signs Deal with Exxon for Stake in Argentine Assets
Argentina >> 6/4/2018 - Qatar Petroleum entered into an agreement with US Supermajor, ExxonMobil, to become a 30% equity holder in two ExxonMobil affiliates in Argentina that hold different interests in hydrocarbon licenses ...
Echo Energy Commences Drilling on ELA-1 Well
Argentina >> 5/29/2018 - Echo Energy plc, the Latin American focused upstream oil and gas company, is pleased to announce the commencement of drilling of the second exploration well in a four well back-to-back campaign in the...
ANP Approves Neon (Echidna) & Goia (Kangaroo) Declaration of Commerciality
Brazil >> 5/25/2018 - Karoon has received approval from the ANP for the Neon (Echidna) and Goia (Kangaroo) Declaration of Commerciality. ...
Range Exceeds Production Target
Trinidad and Tobago >> 5/24/2018 - Range is pleased to announce that it has reached production milestone of 800 barrels of oil per day (bopd). This target was achieved ahead of schedule, and exceeded the previous guidance with average ...
Petrobras Sells Stake in the Deepwater Sergipe Basin Concessions
Brazil >> 5/23/2018 - Petroleo Brasileiro S.A. (Petrobras) is considering a partial sale of its world-class development, appraisal and exploration concessions in the Sergipe-Alagoas basin (the Potential Transaction or Pro...
Canacol Energy Announces 3rd Gas Discovery at Breva 1
Colombia >> 5/23/2018 - Canacol Energy Ltd. Has provided the results of the Breva 1 exploration well located on its 100% operated VIM 21 block in the Lower Magdalena Valley Basin of Colombia. ...
Peru President Cancels Tullow's Offshore Oil Contracts
Peru >> 5/23/2018 - The government of Peruvian President Martin Vizcarra canceled his predecessor’s decision to award five offshore oil contracts to London-based Tullow Oil PLC shortly before resigning, citing insufficie...
Vista Oil & Gas Acquires Assets in Mexico
Mexico >> 5/22/2018 - Vista Oil & Gas, S.A.B. de C.V. (Vista) , the first oil and gas exploration and production company listed on the Mexican Stock Exchange, announced that it has celebrated a Joint Venture Agreement with...
Telford Awarded Topsides & Accommodation Support Services in Mexico
Mexico >> 5/21/2018 - Telford Offshore is pleased to announce the award of a Topsides, Subsea and Accommodation support services contract from Protexa for their DP3 multi-purpose offshore construction vessel, Telford 31. M...
Echo Energy Announces Gas Discovery at ELM-1004 in Fraccion C
Argentina >> 5/18/2018 - Echo Energy plc, the Latin American focused upstream oil and gas company, has announced the succesful completion of drilling of the ELM-1004 exploration well at the Company's Fracci?n C asset, onshore...
Argentine Invites Oil Companies to Submit Offshore Proposals
Argentina >> 5/18/2018 - Argentina has called on oil companies to submit proposals for offshore exploration areas, the country’s official gazette said on Friday, looking to exploit under-explored parts of the country’s contin...
Borr Drilling Buys Five Jack-Up Newbuilding from Keppel
Bermuda >> 5/16/2018 - Borr Drilling Limited (Borr Drilling) has placed USD350 million of convertible bonds with a coupon of 3.875% per annum and a conversion premium of 37.5% above a reference price of USD4.87/share. In co...
Petrobras Reports Oil & Natural Gas Production in April
Brazil >> 5/16/2018 - Petroleo Brasileiro S.A. – Petrobras reports that, in April, its total production of oil and gas, including natural gas liquids (NGL), was 2.68 million barrels of oil equivalent per day (boed), with 2...
United Safely Complete 3D Seismic Survey on Tullow Oil-operated Licence
Jamaica >> 5/14/2018 - United Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, has announced the completion of a 2,250 sq km 3D seismic acquisition survey over the Walton-Mora...
Japanese Companies in Charter Agreement with Petrobras for Mero Field FPSO
Brazil >> 5/11/2018 - MODEC, Inc., Mitsui & Co., Ltd., Marubeni Corporation and Mitsui E&S Holdings Co., Ltd. have agreed that Mitsui, MOL, Marubeni and Mitsui E&S will invest in a long-term charter business currently prom...
ION Announces Seventh 3D Reimaging Program in Mexico
Mexico >> 5/10/2018 - ION Geophysical Corporation (IO) announced its seventh 3D multi-client reimaging program offshore Mexico. Based on the success of both the Campeche and Mexican Ridges 3D reimaging programs, now total...
Echo Energy Commences Drilling First Exploration Well in Argentina
Argentina >> 5/9/2018 - Echo Energy plc, the Latin American focused upstream oil and gas company, is pleased to announce the commencement of drilling of the first exploration well in a four well back-to-back campaign in the ...
Amerisur Resources Announces Operations Update in Colombia
Colombia >> 5/9/2018 - Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to provide an update on operations in Colombia. ...
Marubeni to Enter into Natural Gas Distribution Business in Chile
Chile >> 5/7/2018 - Marubeni Corporation (Marubeni) announces that Marubeni, together with an infrastructure fund established by Toesca Administradora General de Fondos (Toesca), have reached an agreement to acquire a 10...
Mexico's CNH Signs Contracts with the Winning Bidders of Round 2.4
Mexico >> 5/7/2018 - The National Hydrocarbons Commission (CNH) signed 19 Contracts of the Fourth Tender of Round Two, International Public Tender CNH-R02-L04 / 2017, under the modality of License for the Exploration and ...
BUTTING Secured Numerous Orders for Clad Pipes & Pipelines
Brazil >> 5/6/2018 - In the first few months of 2018, BUTTING has already secured numerous orders for clad pipes and pipelines. Thus the German family business underlines its world market position as the leading producer ...
Conoco Moves to Take over Venezuelan PDVSA's Caribbean Assets
Venezuela >> 5/6/2018 - U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South ...
Total Operational Update in Foz Do Amazonas Basin
Brazil >> 5/4/2018 - Total operates five blocks in the Foz do Amazonas basin (referenced as FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127) located around 120 km offshore Brazil. ...
QGEP Announces First Oil from the Atlanta Field in the Santos Basin
Brazil >> 5/3/2018 - QGEP Participaçoes S.A. (QGEP) produced first oil from the Atlanta Field on May 02nd,2018. ...
Peru Prime Minister Revives Proposal for Petrochemical Plant
Peru >> 5/2/2018 - Peru’s prime minister revived the idea of building a petrochemical plant in southern Peru that would be fed by a natural gas pipeline, the construction of which has been delayed by more than a year. ...
Borr Drilling Limited (BDRILL) – Completes the Paragon Rationalization
Bermuda >> 4/30/2018 - Borr Drilling has sold 14 old jack-up rigs en bloc to a non-drilling company. The rigs will be delivered to the new owner over the next 30 days. The disposal is expected to contribute up to USD16 mill...
Melbana Granted Environmental Licence for Alameda-1 Exploration Well
Cuba >> 4/30/2018 - Melbana Energy Limited provides the following update on Cuba Block 9. Melbana has been notified of the granting of the Environmental License for the proposed Alameda-1 exploration well, by the Ministr...
Hess Acquires Interest in New Acreage Offshore Guyana
Guyana >> 4/26/2018 - Hess Corporation (HES) announced that its subsidiary, Hess Guyana (Block B) Exploration Limited, had reached agreement with Esso Exploration and Production Guyana Limited (ExxonMobil) to acquire a 15 ...
Shell to Sell its Downstream Business in Argentina for $0.95B
Argentina >> 4/24/2018 - Shell has signed an agreement to sell its Downstream business in Argentina to Raizen for US$0.95 billion in cash proceeds at completion, subject to customary closing conditions. The sale includes the ...
Echo Energy Reports Oil to Surface at Second Workover at Fraccion D
Argentina >> 4/23/2018 - Echo Energy plc, the Latin American focused upstream oil and gas company, has announced the successful and safe completion of the second workover of the three well workover campaign at the Company's F...
PGS Coverage for Brazil 15th Round
Brazil >> 4/20/2018 - Two new 3D GeoStreamer® surveys over Potiguar and Sergipe-Alagoas add to PGS coverage for the Brazil 15th Round, complementing Santos and Campos data. Brazil's pre-salt acreage and mature offshore bas...
ECO Provides Update on 3D Processing of Orinduik Block
Guyana >> 4/19/2018 - Eco (Atlantic) Oil & Gas Ltd. (ECO), is pleased to provide an update on the processing and interpretation of its recently acquired 2,550 sq km of 3D seismic on the Company's Orinduik Block, offshore G...
MAN Diesel & Turbo and Telemenia supply the "island in the jungle" with energy
Peru >> 4/19/2018 - MAN Diesel & Turbo has successfully commissioned seven 32/44CR diesel engines for the operation of a base load power plant in the Peruvian city of Iquitos. The power plant operator is a joint venture ...
Echo Energy Announce First Oil Export Cargo
Argentina >> 4/18/2018 - Echo Energy plc, the Latin American focused upstream oil and gas company, is pleased to announce that its first export cargo of oil was loaded from the Punta Loyola terminal, Rio Gallegos, on to the N...
GeoPark Announces Further Extension of Tigana Oil Field in Colombia
Colombia >> 4/18/2018 - GeoPark Limited (GeoPark or GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil and Ch...
President Energy Announces Puesto Flores Concession Update
Argentina >> 4/16/2018 - President Energy (PPC), the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, announces an accelerated programme of workovers...
Columbus Energy Acquires A 50% Interest in Icacos field
Trinidad and Tobago >> 4/16/2018 - Columbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, provides the following update about the potential acquisition of a 50% interest ...
Echo Energy Announces Gas to Surface at First Workover at Fraccion D
Argentina >> 4/13/2018 - Echo Energy plc, the Latin American focused upstream oil and gas company, is delighted to announce gas to surface on the first well of our three well workover campaign at the Company's Fraccion D asse...
BP and Petrobras Form Strategic Alliance
BP and Petrobras Form Strategic Alliance Brazil >> 4/12/2018 - BP announced that it has signed a memorandum of understanding to explore areas of cooperation with Petroleo Brasileiro S.A. (Petrobras). ...
McDermott Completes Phase 1 of Atlanta Early Production System
Brazil >> 4/10/2018 - McDermott International, Inc. (MDR) announced it completed the first phase of the deep-water Atlanta Early Production System (EPS), located approximately 115 miles (185 kilometers) offshore southeast ...
Sea Swift Project Completed in Just Ten Months
Trinidad and Tobago >> 4/10/2018 - Aquaterra Energy, a leading global offshore engineering solutions provider, is pleased to announce it has completed the delivery of a Sea Swift conductor supported platform (CSP) for DeNovo Energy in ...
Citla Energy Wins Fourth Hydrocarbon Exploration and Production Contract
Mexico >> 4/9/2018 - Citla Energy, SAPI de CV, an independent Mexican hydrocarbon exploration and production company, has won its fourth production-sharing contract as part of Round 3.1 of the Mexican Energy Reform. The n...
Rig Mobilisation for Workover Programme in Argentina
Argentina >> 4/6/2018 - Echo Energy plc, the Latin American focused upstream oil and gas company, is pleased to announce the mobilisation of the rig for a three well workover campaign at the Company's Fraccion D asset, onsho...
PetroRio Begins its Drilling Campaign for Polvo Field
Brazil >> 4/5/2018 - PetroRio has initiated the second phase of its Revitalization Plan for the Polvo field. Having succeeded in Phase 1, which took place in 1Q2016, and which resulted in 20% increase in production and vo...
Exploring the Pernambuco-Paraiba Basin, Offshore Brazil
Brazil >> 4/5/2018 - Spectrum Geo has commenced a 6,000 km 2D seismic program over the under-explored Pernambuco-Paraiba basins along the Eastern Margins of Brazil. The program will cover an area north of the prolific Ser...
ENAP & YPF Inaugurate $354M Offshore Gas Project
Argentina >> 4/4/2018 - The state-run energy firms of Chile and Argentina said they had inaugurated a $354 million project to increase production of natural gas off the southern tip of South America. ...
Commencement of Seismic Acquisition on Offshore Jamaica
Jamaica >> 4/4/2018 - United Oil & Gas Plc (UOG), the London Stock Exchange listed oil and gas exploration and development company, is pleased to announce commencement of seismic acquisition on the Tullow Jamaica Ltd (Tull...
TGS Announces New Multibeam & Seep Study Project Offshore Brazil
Brazil >> 4/3/2018 - TGS announces the Brazil Southern Basins SeaSeep Project in the Campos and Santos Basins, offshore Brazil. The project will cover existing TGS surveys in these hydrocarbon rich basins as well as the h...
Sale of Tartaruga Verde and Module III of Espadarte Fields
Brazil >> 4/3/2018 - Petroleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (Teaser) related to the sale of its 50% non-operated working interest in Tartaruga Verde field (BM-C-3...
Wintershall Awarded Seven Exploration Licenses in Brazil
Wintershall Awarded Seven Exploration Licenses in Brazil Brazil >> 4/3/2018 - Wintershall is continuing its growth course and has now been awarded exploration licenses in Brazil. In its 15th bidding round, Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) ha...
Pre-Salt Production Hits New Record in Brazil
Brazil >> 4/2/2018 - The pre-salt production in February totaled 1.763 million boe/d, an increase of 2.3% over the previous month, and corresponded to 53.3% of the total produced in Brazil. 1,408 million barrels of oil pe...
Shell Expands Brazil Operated Footprint with New Deep Water Blocks
Shell Expands Brazil Operated Footprint with New Deep Water Blocks Brazil >> 3/29/2018 - Shell Brasil Petroleo, a subsidiary of Royal Dutch Shell plc (Shell), won four additional deep-water exploration blocks in the Campos and Potiguar basins, bringing its total operated presence offshore...
ExxonMobil Wins Eight Deepwater Blocks in Latest Brazil Bid Round
Brazil >> 3/29/2018 - ExxonMobil has increased its holdings in Brazil’s pre-salt basins after winning eight additional exploration blocks during Brazil’s 15th bid round. The blocks awarded add about 640,000 net acres to th...
QGEP Acquires Stake in Two Blocks in the 15th ANP Bidding Round
Brazil >> 3/29/2018 - QGEP Participacaes S.A. (QGEP3), informs the that its subsidiary Queiroz Galvao Exploracao e Producao S.A. (QGEP), in partnership with ExxonMobil Exploracao Brasil Ltda. (ExxonMobil) and with Murphy B...
Statoil Awarded Four Blocks Offshore Brazil
Statoil Awarded Four Blocks Offshore Brazil Brazil >> 3/29/2018 - Statoil and partners were the high bidders for four blocks in the Campos basin in Brazil’s 15th licensing round held on 29 March. With the new licenses, Statoil strengthens its position in Brazil and ...
Brazil Court Blocks Inclusion of Choice Oil Blocks in March Round
Brazil >> 3/28/2018 - A Brazilian court has blocked the inclusion of top quality blocks in an oil auction this month, the mining and oil ministry said on Wednesday, adding that it plans to include the areas in future aucti...
Huawei Marine Partners with CTR to Deploy New Undersea Cable System in Chile
Chile >> 3/28/2018 - Huawei Marine announced that it will partner with CTR (Comunicaci?n y Telefon?a Rural S.A.) to deploy the Fiber Optic Austral (FOA), the southernmost submarine cable in the world, to connect three reg...
Premier Oil Awarded Three Blocks in Mexico’s Round 3.1
Mexico >> 3/28/2018 - Premier is pleased to announce that it has been awarded Block 30 in the Sureste Basin and Blocks 11 and 13 in the Burgos Basin, in Mexico’s Round 3.1 held in Mexico City on 27 March 2018. ...
Eni Awarded New E&P License in Mexico
Mexico >> 3/27/2018 - Eni and its partner Lukoil have been awarded rights to Block 28, located in the medium-deep waters of the Cuenca Salina Basin, offshore Mexico. This allows Eni to build up and consolidate a new core a...
DEA Wins Three Exploration Blocks as Operator in Mexico’s Bid Round 3.1
Mexico >> 3/27/2018 - In Mexico’s shallow water bid round 3.1, Deutsche Erdoel Mexico was awarded two blocks with its partners Pemex Exploration and Production and CEPSA and one block jointly with its partners Sapura E&P a...
Mexico's Pemex Raises Hand in Final Oil Auction before Election
Mexico >> 3/27/2018 - Mexico awarded nearly half of the 35 oil and gas blocks tendered on Tuesday, in an auction where state-run Pemex took advantage of growing political risk ahead of a presidential election to consolidat...
Revolving Credit Facility with Banco do Brasil
Brazil >> 3/26/2018 - Petrobras reports that it has signed on 3/23/2018 with Banco do Brasil a revolving credit facility in the amount of R$ 2 billion, with maturity in February 2023. Through the instrument, the company ma...
Brazil Aims to Auction Transfer-of-Rights Oil Areas in Second Half
Brazil >> 3/26/2018 - Brazil’s government aims to hold an oil and gas auction in the second half of this year for areas left over after it settles a disputed contract with state-controlled oil firm Petroleo Brasileiro SA ,...
Pemex & Lewis Energy Sign a Contract for Shale Gas
Pemex & Lewis Energy Sign a Contract for Shale Gas Mexico >> 3/26/2018 - Petroleos Mexicanos and Lewis Energy Mexico signed the first Integrated Exploration and Extraction Contract (Acronym in Spanish: CSIEE) for the Olmos field, which is located in the state of Coahuila. ...
CNH announces the Conformation of Bidders for Round 3.1
Mexico >> 3/22/2018 - The Governing Body of the National Hydrocarbons Commission (CNH) approved the formation of bidders to participate in the First Round Three Tender, CNH-R03-L01 / 2017, consisting of 35 Contractual Area...
Petrobras' Domestic Oil Production Falls in February
Brazil >> 3/21/2018 - Petrobras reports that its total oil and natural gas production in February was 2.69 million barrels of oil equivalent per day (boed), with 2.59 million boed produced in Brazil and 99 thousand boed pr...
Mexico Regulator Wants Minority Stake Floated in State Oil Firm Pemex
Mexico >> 3/21/2018 - The head of Mexico’s National Hydrocarbons Commission (CNH) urged the government to float a minority stake in national oil and gas firm Pemex on the Mexican stock exchange. ...
TMC Secures FPSO Compressor for the Liza project
Brazil >> 3/19/2018 - Dutch floater specialist SBM Offshore has awarded TMC Compressors of the Seas (TMC) a contract to supply the marine compressed air system for theFPSO destined for the Liza project. ...
Teekay LNG Partners Declares Distributions on Series A & B Preferred Units
Bermuda >> 3/16/2018 - Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (TGP), has declared cash distributions of $0.5625 per unit on the Partnership’s Series A preferred units ...
CGG Adds New Santos VIII Multi Client Survey
Brazil >> 3/15/2018 - CGG has commenced acquisition of a large broadband 3D multi-client survey in the pre-salt area of the deepwater Santos Basin. Santos VIII is the most recent survey in CGG’s vast on-going pre-salt prog...
Siemens & APEX Sign Agreement for Economic Growth in Brazil
Brazil >> 3/14/2018 - Siemens has signed a Memorandum of Understanding (MoU) with the Brazilian Trade and Investment Promotion Agency (Apex-Brasil) in Sao Paulo. Initiatives outlined in the agreement have the potential to ...
Ecuador Seeks $800M Investment in Oil and Gas Bid
Ecuador >> 3/13/2018 - Ecuador launched a bidding round for foreign companies to develop oil and gas reserves, hoping to attract some $800 million in investment to boost production in the Andean nation’s sluggish economy.
Renaissance Oil Places New Wells on Production at Amatitlan
Mexico >> 3/13/2018 - Renaissance Oil Corp. announces in conjunction with its partner, LUKOIL, the Company has finished drilling six wells of the approved 10 Chicontepec well appraisal program for the Amatitlan block: ...
Echo Provides Update on Its Technical Work Program in Bolivia
Bolivia >> 3/12/2018 - Echo Energy plc, the South and Central American focused upstream oil and gas company, is pleased to announce the appointment of Geoff Probert as Chief Operating Officer and to provide an update on its...
Petrobras Signs US$4.35 billion Revolving Credit Facility
Brazil >> 3/8/2018 - Petrobras has signed with a syndicate of 17 banks, a revolving credit facility (RCF) in the amount of US$ 4.35 billion, with maturity in March 2023. Through the instrument, the company may make withdr...
Melbana Energy Signs Agreement to Enhance Production from Santa Cruz Field
Cuba >> 3/8/2018 - Melbana Energy Limited has executed an agreement with Cuba’s national oil company, Cubapetroleo, for the assessment of opportunities to enhance current oil production from the Santa Cruz oil field.
International Frontier Resources JV to Commence Drilling Operations at Tecolutla
Mexico >> 3/8/2018 - International Frontier Resources Corporation provides a drilling update on its onshore oil and gas block Tecolutla, and its Mexican joint venture, Tonalli Energia "Tonalli", a 50-50 joint venture with...

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