South America

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.

November 13, 2019

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.

November 7, 2019

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.

November 6, 2019

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.

November 5, 2019

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.

October 30, 2019

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.

October 25, 2019

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.

October 22, 2019

Exploration & Production

US Allows Chevron To Drill For Oil In Venezuela For Three More Months

Chevron has been in Venezuela for nearly 100 years and has about 300 direct employees there.

October 22, 2019

Business , Exploration & Production , International

Chevron Hopeful About Maintaining Venezuela Presence

Chevron Corp. said late on Oct. 18 it is optimistic about maintaining a presence in Venezuela even amid U.S. sanctions on the country and state oil company PDVSA as part of Washington's effort to oust President Nicolas Maduro.

October 20, 2019

Exploration & Production

Petrobras Signs Letters Of Intent For Two FPSOs

Brazilian state-run oil firm Petrobras has signed letters of intent with Japan’s Modec Inc. and Malaysia’s Yinson Holdings Bhd for charter contracts for FPSOs, the company said Oct. 15.

October 16, 2019