Latin America ///

Petrobras said to take Argentine oilfield bids next month

RIO DE JANEIRO (Bloomberg) -- Petroleo Brasileiro SA, Latin America’s largest publicly traded company, will start receiving bids for Argentine oilfields next month, according to a person with direct knowledge of the sale. Petrobras Argentina SA, a unit of Brazil’s state-run oil producer, will take offers for fields in southern Argentina from Sept. 12, said the person, who asked not to be named because the process isn’t public. Prospective bidders will be able to access data on the assets this month, the person said.

Oil and gas in the capitals

Mauro Nogarin, Contributing Editor

Capital markets balance in Latin America

Petrobras CEO Graça Foster to be honored by SPE

RIO DE JANEIRO -- For the first time ever, a female Brazilian engineer will receive the highest global petroleum engineering award, presented by the Society of Petroleum Engineers (SPE). Petrobras CEO Graça Foster has been selected for the honor of receiving the 2014 Distinguished Lifetime Achievement Award, presented to professionals who have made an outstanding contribution to the world’s oil and gas industry.

Petrobras' May oil production in Brazil up 2.2%

RIO DE JANEIRO -- Petrobras’ May oil production in Brazil averaged 1.975 MMbpd, up 2.2% from an average of 1.933 MMbpd in April. Including the production operated by Petrobras for its partners in Brazil, the volume reached the 2.092 MMbpd mark, up 2.9% from the previous month’s production of 2.034 MMbpd.

Odebrecht-Enagas wins Peru gas duct bid as GDF Group barred

SALVADOR, Brazil (Bloomberg) -- Odebrecht SA and Enagas SA won the right to build Peru’s second major natural gas pipeline for $3.6 billion after the government disqualified a competing bid.

Weatherford opens integrated laboratory in Colombia

BOGOTA, Colombia -- Javier Betancourt, president of Agencia Nacional de Hidrocarburos – Colombia (ANH), marked the official opening of the new Weatherford lab in Bogota, Colombia in a ribbon cutting ceremony on June 4.

Argentina said to consider extending oil investment incentives

BUENOS AIRES, Argentina (Bloomberg) -- Argentina is considering extending tax incentives put in place last year to attract investment in the energy industry as the government begins to discuss a new oil law with provinces, two officials said.

Argentine oil authorities said to begin federal bill discussions

BUENOS AIRES, Argentina (Bloomberg) -- Argentine authorities agreed to start talks to rewrite a 1967 hydrocarbons law to determine how revenue from the world’s second-biggest shale gas reserves should be split between the federal government and provinces, three officials briefed on the matter said.

Colombia Union opposes STAR technology use at biggest oilfield

BOGOTA (Bloomberg) -- Colombia’s USO oil workers union is demanding the country’s largest oilfield return to state-run Ecopetrol and rejects the use of an oil recovery technology known as STAR in the field.

Oceanografia CEO said to post bail after Citigroup fraud arrest

MEXICO CITY (Bloomberg) -- Oceanografia CEO Amado Yanez posted bail after his arrest on charges related to a fraud alleged by Citigroup against his Mexican oil-services company, two people with knowledge of the matter said.

Pimco-led creditors hone in on control of OGpar

RIO DE JANEIRO (Bloomberg) -- Pacific Investment Management Co. and Credit Suisse Group AG are among a group of bondholders taking another step toward securing control of the oil company that sparked Eike Batista’s financial collapse. A committee of 12 creditors, which also includes Nomura International and Deutsche Bank AG, is poised to vote in favor of a plan to restructure Oleo & Gas Participacoes SA, the startup that once made Batista the world’s eighth-richest person, at a creditors meeting in Rio de Janeiro.

Repsol ends Argentine ties in final bond, stock sales

MADRID, Spain (Bloomberg) -- Repsol SA ended its ties with Argentina by selling its final stake in YPF SA and the last of the country’s bonds it held.

Ecopetrol sold $2 billion of 31-year bonds after yields drop

BOGOTA, Colombia (Bloomberg) -- Ecopetrol, sold $2 billion of 31-year bonds as borrowing costs for longer-dated debt fall to the lowest in almost a year.

Colombia warns of emergency decree to resolve pipeline standoff

BOGOTA (Bloomberg) -- A monthlong standoff with a forest-dwelling indigenous group is threatening Colombian oil exports and may force the government to declare a national emergency, Mines and Energy Minister Amylkar Acosta said.

Mexico Tax changes said to be presented with secondary oil bills

CIUDAD DE MEXICO (Bloomberg) -- Proposed changes to the tax structure of Pemex will be included in secondary energy legislation President Enrique Pena Nieto will send to congress by April 30, 2014 two people familiar with the bill’s contents said.

Chevron wins Patton Boggs countersuit dismissal over Ecuador

SAN RAMON, California (Bloomberg) -- Chevron won dismissal of Patton Boggs’s lawsuit accusing the energy company of “malicious prosecution” for suing to bar lawyers from trying to collect on a $9.5 bn judgment a New York judge ruled was a fraud.

Argentine Cabinet Chief says Repsol deal will open country to energy investment

MADRID, Spain (Bloomberg) -- Argentine Cabinet Chief Jorge Capitanich said an agreement to pay Repsol $5 bn in compensation for the expropriation of its controlling stake in YPF will open the door for increased energy investment.

Mexican oil company Evya accused of defrauding Citigroup

CIUDAD DEL CARMEN, Mexico (Bloomberg) -- Evya the second Mexican company implicated for having fraudulent loans linked to Citigroup, according to a spokesperson at state-owned Pemex.

Safe Hibernia secures contract extension in Mexico

LARNACA, Cyprus -- Cotemar group has confirmed that Safe Hibernia has been awarded a contract extension through to 27 July 2014 with unchanged day rate.

Fairmount Marine tug tows Sevan Louisiana to Curacao

ROTTERDAM -- Tug Fairmount Sherpa has towed rig Sevan Louisiana safely from Singapore to Curacao.During the 11,500 miles voyage via Cape of Good Hope, stops were made in Port Louis (Mauritius), Walvis Bay (Namibia) and Port of Spain (Trinidad) to take bunkers and for crew changes.