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23 May 17
Peru: China's CNPC to invest $2 billion in Block 58
China National Petroleum Corporation (CNPC) plans to invest $2 billion in an oil and natural gas block in southern Peru in coming years, Rafael Zoeger, the head of Peru's state energy agency Perupetro said. CNPC's Block 58 has some 3.9 trillion cubic feet of natural gas reserves, according to government data.
23 May 17
Mexico's oil regulator approves new Gulf area block for Pemex
Mexico's oil regulator on Tuesday approved the award of a promising new deep water block to state oil company Pemex, but conditioned the allotment on the firm developing the area with a partner that would eventually operate it.
23 May 17
US: Mosman Oil and Gas announces Arkoma Stacked Pay acquisition
AIM-listed Mosman Oil and Gas has executed a contract to acquire a 10% interest in the Arkoma Stacked Pay Project, located in Okfuskee County, Oklahoma, for a consideration of USD$500,000.
23 May 17
Brazil: Petrobras plans to sell Jurua gas field in the Solimoes Basin
Brazil's state-run oil company Petrobras on Monday announced plans to sell its Jurua natural gas field located in the Solimoes basin in the Amazon.
23 May 17
Canada: TGS and PGS ramp up 3D activity offshore Eastern Canada
TGS and Petroleum Geo-Services ('PGS') have announced two new multi-client 3D seismic projects - East Flemish Pass 3D Phase II and Harbour Deep 3D - offshore Eastern Canada.
22 May 17
Mexico: Talos Energy spuds Zama-1 well offshore Mexico
JV partner Premier Oil has announced that operator Talos Energy has spudded the Zama-1 exploration well in Block 7 in the shallow water Sureste Basin, offshore Mexico.
22 May 17
US: 88 Energy announces Icewine-2 operations update
88 Energy has provided an update on Project Icewine, located onshore North Slope of Alaska. Wireline logs have been acquired successfully throughout the production interval and production testing remains on schedule for late June / early July.
21 May 17
Brazil: Libra FPSO arrives in Brazilian waters
Teekay has announced that the FPSO Pioneiro de Libra arrived May 17 in Brazilian territorial waters. The FPSO will be the first to produce oil in the giant Libra Block which covers more than 1,500 sq kms in the Santos Basin and has estimated reserves of 8-12 billion barrels of recoverable oil.



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