Bahamas Petroleum Awarded Offshore Licence in Uruguay 

• Wednesday, 10th June 2020
• by Editorial Team

Bahamas Petroleum Company (BPC) has announced its acquisition of the AREA OFF-1 petroleum licence in Uruguay as part of the company’s portfolio expansion policy, according to a press release.  The licence has a total ...

France’s Total Eyes ‘Elephant’ Oil Discovery Offshore Uruguay

• Wednesday, 9th March 2016
• by Egypt Oil & Gas

France’s Total is to drill one of its most important offshore exploration wells in the Americas this year as it hunts for a giant oil field in Uruguayan waters, Bloomberg reported. The company plans to start drilling ...

Uruguay Settles Oil Debt with Venezuela at a Discount

• Tuesday, 7th July 2015
• by Egypt Oil & Gas

South American OPEC nation Venezuela will allow Uruguay to pay off a $400 million energy debt at a 35 percent discount, Uruguay said on Monday. Uruguay will pay Venezuela $262 million to settle the debt, President Tab...