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.

November 18, 2019

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.

November 11, 2019

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.

November 8, 2019

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.

October 16, 2019

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.

September 24, 2019

Reservoir Evaluation , Deepwater , Digital Oilfield

Schlumberger Introduces Intelligent Wireline Formation Testing Platform

The Ora platform brings unprecedented performance in dynamic reservoir characterization.

September 18, 2019

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

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.

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

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.

July 26, 2019