President Energy slumped by as much as a third on Monday following an update on testing of the Silurian Santa Rosa and Devonian Icla reservoirs in the Lapacho well in Paraguay's Chaco. A test of Santa Rosa was cut short, although management reckons that it can be commercialized, and a test of Icla recovered only gas and no oil.
Russia’s gas giant Gazprom said in a release on Monday it had signed a deal with Eni, Wintershall and EDF on the purchase of 50% of shares in South Stream Transport BV. Thus, Gazprom will be a 100% owner of the company.
Hector Timmerman, Heraldo Muñoz outline new phase in binational relationships. Transandean Train, Agua Negra and Las Leñas Paths to bring on significant progress.
Protesters, skepticism did not stop the administration of President Daniel Ortega. Project seeks to reshape country's poor economy,
As part of Uruguay long term plan to promote investment in infrastructure and finance investment in electric power plants using renewable energy resources, essentially wind and solar so as to diversify the country energy mix and cut CO2 emissions, the country will be receiving a 250 million dollar credit line from the Inter American Development Bank, IDB.
The largest international deal by a Spanish company in the last five years, props up shares despite plummetting international oil prices.
The head of Brazil's National Petroleum Agency, Magda Chambriard said that the country's oil production projects remain 'robust' even as international prices for crude continue to tumble. She underlined that the pre-salt projects of Brazil along ist coast resist prices as low as 60 dollars a barrel.
Dutch oil platform leasing company SBM Offshore is cutting 1,200 jobs, or slightly more than 11% of its global workforce, as part of a cost-saving program.
YPF SA and Petroliam Nasional Bhd, state-controlled companies from Argentina and Malaysia, signed a 550 million dollars deal to drill fields at the world’s fourth-largest shale oil deposit in Patagonia’s Vaca Muerta, south Argentina.
Chile is planning a strong expansion of its Antarctic and maritime support vessels as well as a major repair yard, according to a recent pledge by President Michelle Bachelet during the opening of the Exponaval and Trans-Port exhibitions in Valparaiso and Viña del Mar.