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.
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.
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.
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.
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.
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.
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.
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.
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.
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.