Latin America & Caribbean

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.

August 8, 2019


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.

August 7, 2019

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.

August 5, 2019


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.

July 26, 2019


BHP Makes Three Discoveries Offshore Trinidad & Tobago

Each well  targeted gas in Pliocene-aged rocks.

July 17, 2019

Unconventional , Reservoir Evaluation , Highlights , Discoveries , Shale Plays

Best Of This Week’s Drilling Activity Highlights (July 12, 2019)

Cimarex Meramec wells, Marathon Three Forks discoveries plus ConocoPhillips Alaska drilling permits top this week’s drilling activity highlights from around the world.

July 12, 2019

Field Development , Lease Sales

Dominican Republic Opens Doors To First Ever Licensing Round

There were 14 offshore and onshore blocks put up for bidding with a transparent, low-risk contract for investors.

July 11, 2019


Ex-Venezuelan Oil Minister Asks US Court To Set Aside $1.4 Billion Judgment

Ramirez claims that companies suing him failed to serve him notice of the suit.

June 25, 2019

Investment , Deepwater

Shell To Invest Up To $2.4 Billion In Mexican Deepwater Oil Projects

Mexico's oil regulator on June 13 approved exploration plans for four deepwater areas operated by Royal Dutch Shell , after it gave the green light to five others earlier this week, committing the oil major to invest at least $791 million.

June 13, 2019

Investment , Deepwater

Shell To Invest At Least $397 Million In Mexican Deepwater Oil Projects

If the drilling proves successful, the investment could grow to some $1.3 billion, according to Mexico's National Hydrocarbons Commission.

June 11, 2019