South America
Exploration & Production
Industry Says Next Year To Be ‘Decisive’ For Colombia Oil
The Andean country’s government is currently holding its second oil auction of 2019, the cornerstone of its push to attract new oil investment.
Exploration & Production , Lease Sales
Colombia Oil Auction Attracts 27 Qualified Bidders
Colombia hopes to sign 20 contracts as a result of the round, the head of the agency has said, bringing in some $800 million in potential investment.
Field Development
Petrobras, Partners Mark First Oil From Iara Offshore Brazil
Located in the Santos Basin offshore Brazil, the FPSO has a daily capacity of up to 150,000 barrels of oil and 6 million cubic meets of natural gas.
Public Capital , Earnings , Exploration & Production
Tullow Oil Shares Sink With Production Outlook In Guyana
Tullow Oil's stock, which surged on the news from oil discoveries offshore Guyana, shed as much as 22% of its value on Nov. 13.
Exploration & Production , Lease Sales
Big Oil Gives Brazil Cold Shoulder In Second Auction Flop
The only block awarded in the Nov. 7 auction went to state-run Petrobras, and China National Oil and Gas Exploration and Development Corp. (CNODC), a unit of China National Petroleum Corp.
Exploration & Production , Lease Sales
Huge Brazil Oil Round Disappoints As Only Petrobras, Chinese Firms Bid
Brazil’s government still got about 70 billion reais (US$17 billion) of signing fees from the minimum bid by Petrobras in consortium with the Chinese for the round’s biggest block, Buzios, and a lone Petrobras bid for the smallest block, Itapu.
Exploration & Production , Lease Sales
Bidding Field Narrows As Huge Brazil Oil Auction Approaches
In the Nov. 6 auction, firms are expected to pay up to US$26.5 billion in signing bonuses for fields that Brazil says may hold up to 15 billion barrels of untapped crude.
Seismic
TGS Launches 3-D Project Offshore Argentina
The Malvinas 3-D survey will cover approximately 7,300 sq km of highly prospective Malvinas Basin, which saw spirited interest during Argentina Round 1 earlier this year.
People , Exploration & Production , Shale Plays
Industry Veteran Steven Keenan Resigns From Apache
Steven Keenan, who was credited with the high-profile Alpine High discovery, resigned from his position as senior vice president of worldwide exploration of Apache Corp.
Public Capital , Private Equity , Shale Plays , Acquisitions & Divestitures , Trends , Mergers
Executive Q&A: Of Capital And Consolidation
The CEO of Houston energy-focused investment bank Tudor, Pickering, Holt & Co. says it’s not time to panic as investors flee the oil and gas space, but structural change is inevitable to adapt to the new marketplace.