South America | Egypt Oil & Gas
ExxonMobil’s Fourth Project in Guyana Receives Approval
ExxonMobil is set to start work on its fourth project in Guyana, which got approval from the South American country’s Environmental Protection Agency, Reuters reported. ExxonMobil will now have the required cons...
Saipem Secures Onshore Drilling Contracts in Middle East, South America
Seeking to expand its operations, Saipem has scored new onshore drilling contracts with countries in the Middle East and in South America worth $70 million, a press release issued by Saipem declared. The company elabo...
Arab-South American Summit to Discuss Trade, Oil Price
Today began the fourth summit between South American and Arab leaders in Riyadh. Representatives from 22 Arab and 12 Latin American states will meet to discuss a number of issues, including politics, security, human r...
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. “We are actively considering other options,” Guyanese...
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 private...
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 proces...
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 ...
