Tag Archives: South America

Calculations show that it could take about a month for a cargo ship to sail from the Middle East to a port in Argentina.

Latin America'.s active drilling rig count stood at 190 in May. further proof of the upward trend in E&.P investment.

Exxon will now join these fellow supermajors in the Brazilian shelf. partnering with Petrobras on six of the ten licenses it won.

Last year Exxon said they may invest over $10 billion in Vaca Muerta shale projects over the next few decades.

Japanese companies are going to require major investments in international oil and gas projects.

On average. the oil company produced 325.000 barrels of oil equivalent per day (boepd) in the first quarter.

The two companies will be represented by four board directors each. sharing nomination rights for senior executives.

Petrobras is the world’s most indebted oil producer and has been forced to sell assets and slash spending.

The subject of the study is an area that could contain up to 14 billion barrels worth of oil reserves.

As a consideration. Statoil will fund 100% of the cost of certain future activities in the block.