Services firms generally agree that an uptick in global drilling activity is likely in the second half of the year.
Development of Peru's flagship natural gas transport project was recently pushed back after the concessionaire failed to secure financing.
The ongoing Odebrecht corruption scandal is dragging more current and former government officials into the investigation.
Mexico's energy ministry and science and technology council select training initiatives that will receive funding as part of efforts to strengthen education in the area of energy.
During Mexico's next oil and gas auction for shallow water fields, authorities will choose a partner for the state oil firm to develop the Ayín-Batsil field with.