ExxonMobil has increased its estimated recoverable resources in Guyana by two billion barrels after a hot streak of discoveries at the prolific Stabroek block.
Guyana’s plans to raise oil and gas royalties may “diminish attractiveness” to future investors, according to new analysis.
South-America-focused Echo Energy said today that its chief executive would be stepping down from the role at the end of the year.
South-America-focused Echo Energy said today that its new well in Argentina had strengthened the commercial case for a field development.
Fiona MacAulay is staring at a blank canvas.
South America's Amerisur has confirmed its Mariposa-1 well in Columbia has been spudded.
Amerisur Resources, the oil and gas producer and explorer focused on South America, recorded a pre-tax loss in 2015 of $25million, compared to a $47million profit the year before.
South America focused President Energy has appointed former Repsol and Petrobras engineer Jorge Dario Bongiovanni as a non-executive director of the company.
Independent power producer Rame Energy has signed a number of commercial agreements and a contract to sell two existing Chilean projects under development to InterEnergy Holdings.
Union Oil and Gas Group has taken a majority stake in a high-potential oil and gas block in Peru as part of its expansion plans in Latin America.
Andes Energia today confirmed it had successfully cleared its first repayment for its $5million debt facility package with Macquarie Corporate Holdings.
TCO said it has expanded its workforce by a third after strong sales results for the company. The well completion technologies provider has employed eight new members of staff within the past six months for its UK base, including a new managing director. Paul Betteridge was appointed in March in response to company growth and to focus on TCO’s international expansion.
Mexico may have missed the mark in opening up its energy market to foreign investors as the oil price decline continues to hit, according to a leading expert. Derek Leith, UK head of oil and gas taxation at EY, said the fall in oil price may be a deciding factor in the historic auction for 14 licences in the South American country. Mexico has made the bold move as its rebounds from a decade long decline in oil production. It is estimated there has been an overall loss in that time of around a million barrels of oil per day.
Mexican state-owned energy giant Pemex will not be participating in round one of the country’s historic energy opening. The move was revealed by Mexican energy minister Pedro Joaquin Coldwell. The initial tenders are part of an opening which is aimed at helping to bring more private investment into the country’s oil and gas sector.
One of Norway's biggest oil and gas companies has submitted plans for the second phase of their Brazilian offshore project. Statoil, in partnership with Sinochem, submitted a plan of development to the South American's country's National Agency of Petroleum, Natural Gas and Biofuels (ANP) in Rio de Janeiro on January 30.