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Oil and Gas Feb, 08, 2019 0

Vaca Muerta records significant increase in oil and gas production in 2018

Argentina’s largest shale play, Vaca Muerta, registered a year-on-year increase in oil and gas production and is almost entirely responsible for Neuquen province’s 12.7% increase in oil production. According to…
Oil and Gas Feb, 06, 2019 0

Argentina and EU reach biodiesel deal

Argentina reached an agreement with the European Union (EU) to resume biodiesel exports to the trade bloc without paying extra duties, according to the country’s Ministry of Foreign Affairs. However,…
Rumo Train
Other Logistics Jan, 29, 2019 2

Rumo’s biodiesel transport volume rises by 74% in 2018

Rail logistics company, Rumo, saw a significant increase in biodiesel type B100 transported via its rail network last year, up 74% to 172,000 cubic metres compared to 99,000 cubic metres…
Oil and Gas Jan, 20, 2019 0

Schlumberger wins contract to manage Equinor’s offshore rig in Campos basin

Oil services company Schlumberger, signed a contract with Norwegian firm Equinor (formerly Statoil) to manage a drilling-rig at Brazil’s offshore Campos oil basin.  The contract marks the first instance of an…
Oil and Gas Jan, 15, 2019 0

Argentina’s Vaca Muerta Shale Play faces challenges

The potential growth of Argentina’s Vaca Muerta Shale Play may be deterred by location-specific logistical bottlenecks, the government’s austerity measures and high production costs. On the other hand, cash-strapped Argentina…
Oil and Gas Jan, 08, 2019 0

Petrobras’ oilfield receives bids from PetroRio and Karoon Energy

Brazil’s PetroRio SA and Australia’s Karoon Energy Ltd are reported to have made bids for the Bauna oilfield located in the Santos basin, a shallow water field owned by Petrobras, and…
Oil and Gas Jan, 03, 2019 0

Shell Argentina aims to produce 70,000 barrels of oil per day by 2025

Shell Argentina plans to develop unconventional oilfields in the Vaca Muerta basin that will speed up oil production in the country. The company announced plans to develop three adjacent blocks…
Oil and Gas Dec, 18, 2018 0

CNPE approves sixth-round auction of pre-salt oil area

Brazil’s National Council for Energy Policy (CNPE) has approved the sixth-round auction for the pre-salt offshore oil area, to be held on November 1, 2019. This time the auction will…
Oil and Gas Dec, 12, 2018 0

Argentina lodges complaint against Peru with WTO over bio-diesel tariffs

Argentina has lodged a complaint with the World Trade Organization (WTO) regarding Peru’s anti-dumping and anti-subsidy tariffs on its bio-diesel. The two countries failed to resolve a dispute over unfair…
Oil and Gas Dec, 04, 2018 0

Petrobras and Murphy form joint venture to explore oil and gas in Gulf of Mexico

Brazil’s state-owned oil company, Petrobras has entered into a joint venture with Murphy Exploration & Production Company for oil and gas exploration in the Gulf of Mexico. Petrobras received US$795…