Major concerns for the region include development of unconventionals and large-scale hydro systems.
As oil production declines, Trinidad and Tobago is offering nine blocks to bidders.
The high cost of imported natural gas and increased demand have opened the door for shale-gas development in Argentina.
Pemex plans to drill 20 wells through 2014 in five regions to determine Mexico's shale gas resources.
Board estimates the deal’s total value at about US$750 million. Transaction is scheduled to close within one week. West Polaris is a sixth-generation ultradeepwater drillship contracted to ExxonMobil in Angola.
MEO Australia Ltd. has completed negotiations for 100% participating interest in a production-sharing contract (PSC) in the Republic of Cuba.
The Petrobras Orca–1 exploratory well (Tayrona Block) has revealed a natural gas accumulation in Colombian Caribbean deepwater.
Under a five-year, US$250 million contract, Massy Wood Group will provide engineering, procurement and construction services to BP's 13 upstream offshore facilities in the Greater Cassia and Greater Mahogany areas.
C&J Energy Services Ltd. is led by current C&J management and will be based out of Bermuda. The transaction was originally announced June 25, 2014.
This is the largest foundation installation campaign offshore Trinidad and Tobago to date.
Seadrill Ltd.’s board of directors has appointed Ørjan Svanevik to fill the vacant board position, following the resignation of Carl Erik Steen, according to a news release.