Latin America & Caribbean
Discoveries
BP Makes Gas Discovery Offshore Trinidad
Plans are for the well, which was drilled into two untested fault blocks east of the Cashima Field, to be completed by the end of November, the company said.
Public Capital , Earnings , Deepwater
Miner BHP Taps Oil, Gas For Growth After Shale Exit
Last year, BHP ended a massive loss-making seven-year foray into shale by selling most of its U.S. onshore shale oil and gas assets to BP for $10.5 billion.
Liquefied Natural Gas (LNG) , Tankers
Argentina’s YPF Loads First Commercial LNG Cargo From New Floating Facility
Country seeks to exploit its massive Vaca Muerta shale play.
Trends
A&D Transactions From The Week Of Oct. 16, 2019
Here’s a snapshot of energy deals from the past week including Parsley Energy’s acquisition of its Permian neighbor Jagged Peak Energy in an all-stock transaction worth roughly $2.3 billion.
Crude Oil , International
US Slaps Sanctions On Firms Moving Venezuelan Oil To Cuba
The U.S. Treasury Department on Tuesday imposed sanctions on four maritime firms and vessels transporting Venezuelan oil to Cuba, amid an acute fuel scarcity in the island that is forcing people to line up for gasoline and public transport.
Reservoir Evaluation , Deepwater , Digital Oilfield
Schlumberger Introduces Intelligent Wireline Formation Testing Platform
The Ora platform brings unprecedented performance in dynamic reservoir characterization.
Field Development
BHP Group To Invest $283 Million In Trinidad and Tobago Petroleum Project
Total investment in the Ruby Project, in which BHP holds a 68.5% stake, is about $500 million, the company said in a statement.
Trends
A&D Transactions From The Week Of Aug. 7, 2019
Here’s a snapshot of energy deals from the past week including Occidental’s $1.5 billion Permian Basin JV and a $700 million dropdown deal from Diamondback Energy.
Business , Deepwater , International
ICC Tribunal Dismisses Conoco’s $1.5 Billion Claim Against PDVSA
Arbitrators rule that PDVSA only owes $33.7 million plus interest.
International
Venezuela Opposition Divided By Proposal For Iraq-Style ‘Oil-For-Food’ Program
A faction contends that the proceeds would be embezzled by the current administration.