Gulfoilandgas.com Latin America News

Frontera Signed Deal for Pacific Midstream Acquisition

Mon, 16 Oct 2017 00:00:00 GMT

Frontera Energy Corporation (FEC) announces that it has signed an agreement to acquire the outstanding 36.36% ownership of Pacific Midstream Limited (PML) from the International Finance Corporation an...

Teekay LNG Partners Announces Pricing of Series B Preferred Offering

Mon, 16 Oct 2017 00:00:00 GMT

Teekay LNG Partners L.P. (Teekay LNG or the Partnership) has priced its public offering of 6,000,000 8.5% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Series B Pref...

Teekay LNG Partners Announces Public Offering of Series B Preferred Units

Mon, 16 Oct 2017 00:00:00 GMT

Teekay LNG Partners L.P. (Teekay LNG or the Partnership) plans to offer in a public offering Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Series B Preferred Units),...

Spectrum Starts Ceara Basin 2D Multi-Client Seismic in Brazil

Mon, 16 Oct 2017 00:00:00 GMT

Spectrum is pleased to announce the commencement of a 6,000 km Multi-Client 2D seismic survey covering the Ceara Basin within the Equatorial Margins of Northern Brazil, which contains sectors of the 1...

Significant Reset of Putumayo-14 Contract

Wed, 11 Oct 2017 00:00:00 GMT

Gulfsands Petroleum plc (GPX), the oil and gas company with activities in Syria, Colombia and Morocco, is pleased to announce a significant reset of its Putumayo-14 Licence (PUT-14 Licence) in Colombi...

Melbana Commits to Second Sub-Period Exploration Program for Block 9

Wed, 11 Oct 2017 00:00:00 GMT

Melbana Energy Limited (Melbana) has provided official notification to Cuban regulatory authorities of its commitment to the second exploration sub-period for Block 9. The Block 9 Exploration Period i...

Shell Divests Its Interest in Comgas for a Headline of $380m

Tue, 10 Oct 2017 00:00:00 GMT

Shell Gas BV, Shell Brazil Holding BV and Integral Investments BV (Shell) announces they have signed an agreement with Cosan Ltd. to execute an existing Put Option Agreement, which allows Shell to sel...

Sinopec's Argentina Oil Assets in Sale Worth Up to $1 Bln

Mon, 09 Oct 2017 00:00:00 GMT

Advisers to China’s Sinopec have offered its oil assets in Argentina to about a dozen potential suitors, three sources familiar with the matter said, as losses and labor headaches prompt Asia’s larges...

Anadarko to Invest $200 Million in Peruvian Oil Area

Mon, 09 Oct 2017 00:00:00 GMT

U.S.-based Anadarko Petroleum will invest some $200 million to develop an offshore oil area near Peru’s northern coast, Peruvian President Pedro Pablo Kuczynski said.

Kuczynski and company...

President Energy Work Program in Argentina

Mon, 09 Oct 2017 00:00:00 GMT

President Energy (PPC), the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, provides an update on its recently acquired oil p...

Rosneft to Develop Cooperation with Cuba

Sat, 07 Oct 2017 00:00:00 GMT

Rosneft Chief Executive Officer Igor Sechin held a working meeting with Minister of Energy and Mines of the Republic of Cuba Alfredo Lopez and Ambassador Extraordinary and Plenipotentiary of the Repub...

IEnova Acquires Pemex's Participation in Pipeline

Fri, 06 Oct 2017 00:00:00 GMT

Sempra Energy (SRE) announced that its Mexican subsidiary, Infraestructura Energetica Nova, S.A.B. de C.V. (IEnova), has acquired Pemex Transformacion Industrial's participation in Ductos y Energetico...

Ecuador to Offer Oil Blocks Under New Bidding Terms in Jan

Fri, 06 Oct 2017 00:00:00 GMT

Ecuador will offer oil exploration and production blocks in January under new contract terms that it expects will attract more interest and allow the OPEC-member country to compete with its neighbors ...

Borr Drilling & Schlumberger Sign Enhanced Collaboration Agreement

Fri, 06 Oct 2017 00:00:00 GMT

Borr Drilling Management DMCC and Schlumberger signed an agreement to offer integrated, performance-based drilling contracts in the offshore jack-up market by leveraging the Schlumberger global foot p...

Borr Drilling Acquires Nine Premium Rigs for 1.3 Billion

Fri, 06 Oct 2017 00:00:00 GMT

Borr Drilling Limited (Borr Drilling) announces the signing of a Master Agreement for the acquisition of nine premium jack-up rigs from PPL Shipyard Pte Limited (PPL). The acquisition will increase th...

ExxonMobil Announces Fifth Discovery Offshore Guyana

Thu, 05 Oct 2017 00:00:00 GMT

Exxon Mobil Corporation (XOM) announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana. ...

Argentina Plans Auction for Offshore Oil Exploration Next Year

Thu, 05 Oct 2017 00:00:00 GMT

Argentina plans to auction offshore oil and gas exploration rights next year, in the hope of developing fields off its Atlantic coast like those in neighboring Brazil, the energy minister said. ...

Keppel Secures Major FPSO Contract from SBM Offshore

Thu, 05 Oct 2017 00:00:00 GMT

Keppel Shipyard Ltd (Keppel Shipyard), a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a Floating Production Storage and Offloading vessel (FPSO) conversion contract fr...

Subsea Gangway Lift by OOS Gretha

Wed, 04 Oct 2017 00:00:00 GMT

OOS Gretha successfully completed a subsea lift of a gangway that was broken off several months ago in Campos Basin, Brazil. The OOS Gretha is a modern semi-submersible accommodation crane vessel equi...

Egypt's Cheiron & DEA Deutsch Won Mexico Onshore Oil Fields

Wed, 04 Oct 2017 00:00:00 GMT

Petroleos Mexicanos finalized two new farmouts or partnerships, for the optimization of the development of the onshore fields of Cardenas-Mora and Ogarrio. Thus, the company continues to implement its...