Exclusives

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This special program provides temporary admission of imported goods, such as oil platforms and equipment, for a limited amount of time.

Falling breakevens, access to new acreage and sizeable reserves are keeping Latin America front and center.

BP, Woodside, gas, offshore, Trinidad, Australia, Persephone, Juniper

The latest startups mean BP has brought five of its seven major 2017 projects onstream.

The government will launch round three for bids even though there has never been a discovery offshore Uruguay.

gas, exploration, offshore, Colombia, Caribbean, Anadarko, Ecopetrol

The Colombian government expects offshore discoveries to triple gas reserves.

Exploration

CGG GeoConsulting and the Petroleum Corp. of Jamaica (PCJ) reported the discovery of two independent live oil seeps from different parts of the island of Jamaica on Feb. 20.

The price would be far less than the $2.45 billion that Sinopec paid in 2010 to buy the Argentine assets from U.S.-based Occidental Petroleum.

Brazil and Mexico are competing for a diminishing resource: the investment dollars of oil majors beating a retreat from the big-ticket offshore projects they once coveted.

Mexico will announce later this week the bid terms and blocks up for grabs in its next deepwater oil tender, which may include the first areas from the Cordilleras Mexicanas Basin.

Vista Oil & Gas intends to purchase energy E&P assets in Mexico, Colombia, Argentina and Brazil within two years of its listing on the Mexico stock market, tentatively planned for a month from now.

Production

Four workers injured in protests; pipeline remains closed.

Statoil seeks to dominate Carcara discovery as it builds Brazil output.

Growing demand in Argentina’s central Pampas and Patagonia regions presents opportunities for investors as the country seeks to build three new gas pipelines.

U.S. firms across the value chain can take advantage of opportunities that will emerge from Mexico’s energy reform, say experts at EnerCom.

Drops in Latin American could also be bigger than forecast. Petrobras aims to marginally lift output this year but has been dogged by the country's worst ever corruption scandal that is slowing investments.

Technology

Deutsche Erdoel Mexico inked a license contract on March 6 with Pemex and the Mexican National Hydrocarbons Commission (CNH) for the Ogarrio Field in Mexico.

McDermott to build on its strong collaborative relationship with BP on the Cassia C Compression Platform in Trinidad and Tobago.

In the amendment, the prior contract amount of approximately $445 million has been increased to approximately $945 million.

ONGC Videsh and GeoPark will form a joint business development group headquartered in Bogota, Colombia.

Maersk Drilling has been awarded a contract by Royal Dutch Shell (NYSE: RDS.A) for the deepwater semi-submersible rig Mærsk Developer.