- Free Downloads
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.
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.
The Colombian government expects offshore discoveries to triple gas reserves.
ConocoPhillips is trying to seize PDVSA’s oil assets at the 335,000 barrel-per-day (bbl/d) Isla refinery in Curacao, which would expand its control over the Venezuelan state-run company’s barrels for export, according to sources close to the matter.
There were no bids on any of the 17 offshore blocks that Uruguay offered up in its first oil auction in seven years on April 26, but the government might sweeten terms next year, a source with state-run oil company Ancap said.
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.
Mexican state-run oil company Pemex on April 26 said its net profit rose 29% in the first-quarter compared with the year-earlier quarter, helped by higher crude prices and currency movements.
Colombia’s southern Transandino pipeline was halted after a bomb attack by an illegal armed group spilled crude oil into a river, state-run oil company Ecopetrol said on April 22.
GeoPark announced on April 18 the successful testing of the Tigana Norte 9 appraisal well in the Tigana oil field in the Llanos 34 block in Colombia.
Four workers injured in protests; pipeline remains closed.
Statoil seeks to dominate Carcara discovery as it builds Brazil output.
An international arbitration court has ordered Venezuela's state-run oil company PDVSA to pay ConocoPhillips $2.04 billion for early dissolution of two joint ventures for producing oil in the OPEC-member country, the U.S. firm said on April 25.
Statoil is focused mostly on future deepwater opportunities in Mexico but does not rule out others, CEO Eldar Saetre said in an interview late on April 12.
President Donald Trump on March 19 signed an executive order barring any U.S.-based financial transactions involving Venezuela’s new petro cryptocurrency, as U.S. officials warned that it was a “scam” by President Nicolas Maduro’s government to further undermine democracy in the OPEC country.
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.