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.
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.
Discoveries
BHP Makes Three Discoveries Offshore Trinidad & Tobago
Each well targeted gas in Pliocene-aged rocks.
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.
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.
International
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.
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.
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.