Latin America & Caribbean
Highlights
Best of This Week’s Drilling Activity Highlights (March 27, 2020)
A high-volume Wolfcamp producer by EOG in Loving County, Texas, and results from a Utica Shale well test in Ohio top this week’s drilling activity highlights from around the world.
Deepwater
Offshore Exploration: All Eyes On Brazil’s Presalt Basins
Increased E&P activity is expected in the prolific presalt basins of Brazil, which hold billions of barrels of recoverable oil reserves.
Trade , International
US Slaps Sanctions On Russian Oil Firm
Rosneft penalized for its support of Venezuela’s Maduro.
Exploration & Production
Mexico’s Pemex Signs Contracts For New Oil Projects, CEO Says
Romero added in brief comments to Reuters that he does not expect a quick resolution to talks between Pemex and U.S.-based Talos Energy over the Zama oil discovery.
Exploration & Production , International
Mexican Regulator Poised To Referee Zama Oil Discovery Dispute
Closed-door talks between Pemex and a private consortium led by Talos Energy over who will control operations of the so-called Zama project in the southern Gulf of Mexico have recently slowed.
Exploration & Production
Ecopetrol, Shell Team Up In Three Blocks In Colombian Caribbean
Under the deal, Shell will acquire a 50% operating-stake in the Fuerte Sur, Purple Angel and COL-5 blocks, which are found in deepwater areas of the Colombian Caribbean.
International
Reliance, Chevron Defend Business With Venezuela
Companies say their marketing agreements were approved by Washington.
Subsea
BHP Hires McDermott For Ruby Field Work Offshore Trinidad and Tobago
The Ruby Field resides in the Block 3(a) development area of Trinidad & Tobago, approximately 28 miles (45 km) off the northeastern coast of Trinidad.
Business , International
US Warns Chevron, Others Over Ties To Venezuela’s Maduro
Energy companies should ‘tread cautiously,’ Trump administration official says.
Exploration & Production , International
Pemex CEO Pushes For Control Over Talos-led Zama Discovery
Talos Energy CEO Tim Duncan fired back, reaffirming a technical analysis showing it had a large majority of the find and expressing worry that development of the project could be delayed.