South America

Exploration & Production , Transactions

Petrobras Says Starboard Offers Highest Bid for Campos Basin Oil Field

Brazilian state-controlled oil company Petrobras said asset manager Starboard Asset Ltd. has bid $90 million for its Papa-Terra oil field in the Campos Basin, a securities filing on Nov. 24 showed.

November 25, 2020

Exploration & Production , Drilling

Total Taps Maersk Drilling for Two-Rig Suriname Campaign

The estimated firm total contract value is approximately $100 million, including rig upgrades and integrated services provided.

November 24, 2020

Exploration & Production , Transactions

GeoPark Agrees to Sell 10% Interest in Manati Gas Field in Brazil

The total consideration of the transaction amounts to R$144.4 million (about US$27 million), according to a news release.

November 23, 2020


Equinor Taps Aker Solutions for Maintenance Work Offshore Brazil

Aker Solutions won a framework agreement on Nov. 23 with Equinor to provide maintenance and modifications services at the Peregrino field, offshore Brazil.

November 23, 2020

Exploration & Production , Lease Sales

Colombia Plans to Offer Up To 40 Blocks in Next Oil Auction

The president of Colombia's national hydrocarbons association (ANH) did not give an exact date for the next round.

November 20, 2020

Exploration & Production , Policy & Regulations

Venezuelan Oil Could Become World’s Biggest Stranded Asset, Say Experts

Climate change poses mortal threat to shattered country’s only economic lifeline.

November 19, 2020


TGS Scores Seismic Acquisition Projects Offshore Brazil

TGS, a leading provider of multiclient geoscience data for E&P companies, has commenced the Malvinas 3D program in Argentina on Nov. 18.

November 19, 2020

Field Development , Acquisitions & Divestitures

PetroRio Acquires Stake in BP-operated Fields Offshore Brazil

Petro Rio SA has inked an agreement with BP Energy do Brasil Ltda. on Nov. 19 for the acquisition of interests of 35.7% in the BM-C-30 Block (Wahoo field) and 60% in the BM-C-32 Block (Itaipu field), thus, subject to the necessary approvals, becoming the operator of both pre-salt fields.

November 19, 2020


E&P Plus: November 2020 International Drilling Activity Highlights

Check out the latest oil and gas drilling activity highlights from around the world featured in the November issue of E&P Plus including an exploratory test offshore Guyana by Exxon Mobil plus a deepwater gas discovery in the Turkish sector of the Black Sea.

November 18, 2020

Exploration & Production , Lease Sales

Colombia Plans to Sign Contracts with Canadian Companies for Four Oil Blocks

CNE Oil & Gas, a subsidiary of Canacol Energy Ltd., and the Colombian arm of Parex Resources Ltd. each placed two bids in an initial auction at the end of October.

November 18, 2020