Latin America ///

TotalEnergies, Qatar Petroleum land two new offshore Suriname blocks

With these two new operated exploration blocks, TotalEnergies expands its position in Suriname, an emerging world class basin. A 3D seismic acquisition campaign will be carried out on these 2 licenses to confirm their potential.

Oilfield service companies see drilling rebound everywhere but the U.S.

Schlumberger posted better-than-expected earnings Friday and forecast an increase in overseas spending by customers in the next quarter. Earlier in the week, Halliburton said oil markets outside North America may see double-digit growth in the second half of 2021, while Baker Hughes predicted a modest recovery in Latin America, the North Sea and the Middle East.

Crisis in Bolivia halts gas exploration projects

Natural gas exploration by global oil companies in Bolivia, key to growing the country’s sagging economy, has stopped amid an escalating political crisis that has left the Andean nation rudderless.

Echo Energy enters Bolivia's gas market with 80% interest in Hauyco block

Further to the Company’s recently announced onshore gas strategy across Latin America, Echo is delighted to announce the signature of its first transaction in Bolivia.

Billionaires Soros, Loeb cut YPF holdings as oil prices tumble

NEW YORK (Bloomberg) -- Billionaire fund managers George Soros, Daniel Loeb and Richard Perry cut their stakes in Argentine state-run oil company YPF SA in the third quarter as Brent crude posted the biggest losses since 2012.

Crowley sells two Jones Act tankers to Kinder Morgan

JACKSONVILLE, Florida -- Crowley Maritime's petroleum services group has sold two Jones Act tankers, the Pennsylvania and Florida, to Kinder Morgan Energy Partners.

Venezuela scraps plans to sell U.S. refining arm Citgo Petroleum

Venezuela shelved a planned sale of about $10 billion in U.S. refineries as surging North American crude output pushes down energy prices and profit margins.

LNG ships accrue off Argentina as energy demand misses estimates

BUENOS AIRES (Bloomberg) -- Ships loaded with LNG are lining up off the coast of Argentina after the government overshot winter orders, with a lack of storage facilities forcing the nation to pay daily fees to each vessel. The Polar Spirit, Iberica Knutsen and Arctic Spirit -- scheduled to unload gas cargoes on Sept. 23, 27 and 30, respectively -- remain anchored in Escobar port near Buenos Aires, ship transmissions captured by IHS Fairplay on Bloomberg show. Further south at Bahia Blanca, the Lobito and British Ruby are yet to dock, missing their respective Oct. 1 and Sept. 29 unloading dates, the data show.

Argentine authorities said to have reached oil bill accord

BUENOS AIRES, Argentina (Bloomberg) -- Argentina’s oil-producing provinces and the federal government agreed to revise a 1967 energy bill to include shale, two provincial officials said.

Expro set to unveil new Brazilian base

READING, United Kingdom -- Expro, is set to unveil its new facility in Macae, Brazil, a seven-figure investment for the company.

Ecopetrol sells $1.2 bn in bonds in second sale this year

BOGOTA, Colombia (Bloomberg) -- Ecopetrol tapped the overseas debt market for the second time this year with a $1.2 billion offering.

Statoil farms-in to Repsol's acreage off Colombia

STAVANGER, Norway -- Statoil has signed farm-in agreements with Repsol, acquiring a 10% equity share in the Tayrona license and a 20% equity share in the Guajira Offshore 1 license.

PDVSA reshuffle boosts chances of oil output increase

CARACAS, Venezuela (Bloomberg) -- President Nicolas Maduro’s decision to remove his main economic and energy policy maker improves Venezuela’s chances of tapping more of the world’s largest crude reserves, according to Barclays Plc.

Forum Energy Technologies awarded contract for 8 ROVs

HOUSTON, Texas -- Forum Energy Technologies, Inc. reported that it has received an order from Vard Holdings Limited (VARD) to supply eight Perry XLX 150HP work-class remotely operated vehicle (ROV) systems. The ROVs are to be mobilised on four new-build pipeline supply vessels (PLSV) for the joint venture formed by DOF Subsea and Technip that was awarded four contracts by Petróleo Brasileiro SA. (Petrobras) for operations in Brazilian waters. The ROVs will be delivered throughout 2015.

Endeeper signs new contract with Petrobras for software development in petroleum geology

RIO DE JANEIRO, Brazil -- Endeeper signed a new contract with Petrobras for the provision of services related to the Endeeper’s software package for petroleum geology. The two-year contract allows the development of new modules for Petroledge, Hardledge and RockViewer systems. Besides software development, software training is also planned in the contract.

Polarcus strengthens presence in Brazil

DUBAI -- Polarcus has entered into a new representation agreement effective 01 September 2014 for the management of Polarcus do Brasil in Rio de Janeiro. Polarcus is now represented by Sinergeo, located on Av. Rio Branco in Central Rio, further strengthening the Company's presence within the important Brazilian market. The addition of Marcelo Fonseca and Marcos Gallotti to the Company's management team, with responsibility for in-country marketing, logistics and technical support, brings a wealth of experience and knowledge of the local exploration market to Polarcus as the Company expands its business activities in Brazil.

Wood Group Kenny secures $2 mn contracts from Petrobras

HOUSTON, Texas -- Wood Group Kenny (WGK) has won two contracts with a total value of over $2 million with Brazilian operator Petrobras.

BP Atlantis $256 bn whistle-blower case tossed by judge

LONDON (Bloomberg) -- BP Plc won’t face a $256 billion lawsuit brought by a whistle-blower who claimed the company’s Atlantis oil production platform in the Gulf of Mexico was unsafe.

Oceanografia ships said to be idle amid losses

MEXICO CITY (Bloomberg) -- Mexico’s takeover of Oceanografia SA is proving anything but a rescue for the oil services provider.

Dolphin awarded new 3D seismic contract in South America

OSLO, Norway -- Dolphin has been awarded a contract extension of approximately 50 days on an ongoing 3D seismic project in South America. The contract will commence in fourth quarter 2014.