South America

Crude Oil , Trade , International

Saudi Arabia Chafes at ‘False Promises’ on Oil Cuts from OPEC Partners

Moves to flout deal terms on oil cuts damage reputation of OPEC+, Saudi Arabia’s energy minister says.

September 17, 2020

Acquisitions & Divestitures , Trends

Energy A&D Transactions from the Week of Sept. 16, 2020

Here’s a snapshot of recent energy deals including BP’s $1.1 billion acquisition of U.S. offshore wind assets plus Northern Oil and Gas’ entry into the Permian Basin.

September 16, 2020

Exploration & Production

Petrobras Negotiating Brazil’s Largest Platform with SBM

The Almirante Tamandaré FPSO unit is set to be Brazil’s largest, with capacity to produce 225,000 barrels of oil per day and 12 million cubic meters of gas, Petrobras said.

September 15, 2020

Public Capital , Exploration & Production

Chevron Dismisses Venezuela Employees as Part of Restructuring

A Chevron spokesman confirmed that the company was making an "organizational adjustment" in Venezuela, as part of the global reduction in headcount by 10%-15% prompted by the crude price plunge and drop in demand.

September 15, 2020

Unconventional , Pipelines

Argentina Pitches Pipeline to Brazil for Vaca Muerta Shale Gas

Valor said the estimated costs are $3.7 billion for Argentina and another $1.2 billion for Brazil.

September 14, 2020

Reservoir Evaluation

Apache Updates Discovery Offshore Suriname, Starts Another Exploration Well

Apache Corp. said Sept. 14 it has collected reservoir and other technical data on the Kwaskwasi-1 discovery well in Block 58 offshore Suriname as it starts operations on another exploration well.

September 14, 2020

Unconventional , Shale Plays , Joint Ventures

Ecopetrol Aims to Drill 100 Wells in Permian Basin by End-2021

Colombian oil company Ecopetrol, which entered a joint venture in the Permian Basin with Occidental Petroleum in November 2019, said it plans to drill another 22 wells this year.

September 14, 2020

Acquisitions & Divestitures , Trends

Energy A&D Transactions from the Week of Sept. 9, 2020

Here’s a snapshot of recent energy deals including the sale of Schlumberger’s fracking business, OneStim, to Liberty Oilfield Services and the dissolution of Ovintiv’s Duvernay Shale JV with PetroChina.

September 9, 2020

Field Development

Hess CEO ‘Optimistic’ New Guyana Government Will Approve Project License

Government approval of the Payara project this month would keep it on track for producing oil in 2023, Hess said.

September 9, 2020

Public Capital , Deepwater , Acquisitions & Divestitures

Kosmos Energy Sells Frontier Exploration Assets in $200 Million Farm-down to Shell

Proceeds from its farm-down to Shell enables Kosmos Energy to accelerate high-graded exploration opportunities in “proven basins that offer superior returns with shorter payback,” CEO Andrew Inglis says.

September 9, 2020