South America | Egypt Oil & Gas

ExxonMobil’s Fourth Project in Guyana Receives Approval

ExxonMobil announced that it has gotten the approval form the South American Country’s Environmental Protection Agency to start work it its fourth project in Guyana.

Saipem Secures Onshore Drilling Contracts in Middle East, South America

Saipem has been awarded new onshore drilling contracts in the Middle East and in South America worth $70 million,

Guyana Searches for Alternatives to Venezuelan Oil

Guyana is considering energy alternatives to the Petrocaribe program as Venezuela fails to meet export quotas and tensions flare between the neighboring countries.

Argentina Needs $1bn to Explore Vaca Muerta’s Shale Gas Reserves

More than US$1 billion will have to be invested over the next 20 years to exploit the shale gas of the Vaca Muerta area in Neuquén, which will be used to build between 4,300 and 8,000 kilometres of pipelines and will ...

Landmark Bill Looks to Ease Pressure on Brazil’s Petrobras

Brazil’s congress is likely to pass a landmark bill that could ease financial pressure on state-controlled oil company Petrobras by opening the country’s biggest offshore oil discoveries to greater foreign and privat ...

Venezuela Oil Refinery Faces Challenges

At Amuay, this oil-rich country’s largest refinery, workers say they risk toxic-gas exposure as they wait for Petróleos de Venezuela SA, the state energy giant, to replace rusted pumps and corroded pipelines, a proce ...

Brazil Debates Laws on Subsalt Oil Development

Brazilian senators on Wednesday debated alternatives to a 2010 law that requires state-run oil firm Petrobras to take a minimum 30 percent stake in new development contracts and function as operator in Brazil's subsa ...

Exxon to Continue Search for Guyana Oil Despite Venezuela’s Disputes

Exxon Mobil Corporation (NYSE:XOM) recently discovered oil off Guyana’s coast but the country is involved in a land dispute with Venezuela, which can potentially disrupt the oil major’s exploration activities.

Oil Prices Prompt Topaz to Extend Ambitions to South America

Topaz Energy and Marine is eyeing expansion into South America in the next two years as the Dubai-based oil services firm looks beyond the current difficulties in the sector caused by the lower oil price,

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