Offshore South America News


Petrobras Sees Major Deepwater Shift in 2020

Nov 19, 2019

Brazil's state-owned oil firm Petroleo Brasileiro SA expects deep offshore areas to account for 88% of its exploration and production activities next year, up from 55% currently, an executive for the company said on Tuesday.The major shift to…

P-68 FPSO Starts Production

Nov 15, 2019

The Petrobras-operated P-68 floting production, storage and offloading unit (FPSO) has begun producing oil and natural gas from the Berbigão field, in the Santos Basin pre-salt, in the deep waters offshore Bazil.P-68 is the fourth unit to come into operation for Petrobras in 2019…

Saipem Wins Subsea Contract in Guyana

Nov 14, 2019

Italian oilfield services firm Saipem said it has been awarded a subsea contract by ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) for the proposed Payara development project located in the Stabroek block offshore Guyana at a water depth of around 2…

Foreign Players Unlikely to Bid in Brazil -BP Brazil Head

Nov 13, 2019

Foreign oil companies that have not joined Brazil's last two auctions of offshore 'pre-salt' fields are also unlikely to bid next year, BP Plc's Brazil president told newspaper Valor Economico in an interview published on Wednesday.Adriano Bastos argued that…

Tullow Oil Shares Sink

Nov 13, 2019

Tullow Oil cut its outlook for production and cash flow because of persistent problems in Ghana, while revealing that the quality of oil recently discovered in Guyana was heavy in nature, sending its shares down more than 20%.Commenting for…

Shell Contracts Maersk Developer

Nov 13, 2019

Maersk Drilling has entered a contract with Shell subsidiary BG International, for work offshore Trinidad and Tobago on a two-well development project for the semi-submersible rig Maersk Developer.The contract has an estimated duration of 171…

Japanese Firms in Brazilian FPSO Gig

Nov 12, 2019

Japanese companies have decided to proceed with the deepwater floating production, storage, and offloading system (FPSO) charter project for the Petrobras-operated Búzios pre-salt oil field located offshore Brazil.MODEC, Mitsui & Co., Mitsui O…

Brazil Oil Auction Flop to Dent Govt Revenues

Nov 12, 2019

Economists have lowered their forecasts for the Brazilian government's primary budget primary deficit this year but raised it for next year, an economy ministry survey showed on Tuesday.The expected increase in the 2020 deficit compared with…

Lankhorst Ropes Slings for Dolphin Upgrade Project

Nov 12, 2019

Lankhorst Ropes has supplied heavy lift slings to Subsea 7's heavy lifting arm Seaway 7 for the Dolphin Accommodation Upgrade Project (DAUP) on the East Coast Marine Area (ECMA), offshore Trinidad and Tobago. The project comprises provision of a Permanent Living Quarter Module (PLQ)…

Petrobras Has No Interest in Farming out Buzios

Nov 08, 2019

Brazil's state-run oil firm Petrobras, which dominated this week's disappointing offshore oil auctions, has no interest in farming out its Buzios block to be operated by another firm, its head of exploration and production said on Friday.Major…

SBM Wins Guyana FPSO Contract from Exxon

Nov 07, 2019

SBM Offshore announced on Thursday that ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded the company contracts to perform front end engineering and design (FEED) for a third floating production, storage and offloading vessel (FPSO) in Guyana…

Brazil Govt Says Auction Rule Change Needed

Nov 07, 2019

One of the last big pre-salt rounds in Brazil finished on Thursday with only one block awarded, in another blow for authorities who have been criticized over the high cost of access to the areas.State-run Petrobras and a unit of China National Petroleum Corp were awarded the Aram block…

Big Oil Stuns Brazil in Back-to-back Auction Flops

Nov 07, 2019

Major global oil firms snubbed a second Brazilian oil auction in a row on Thursday, passing up offshore blocks and forcing officials to reconsider a bidding system that gives a privileged position to state-run Petroleo Brasileiro SA.The only block awarded in Thursday's bidding went to Petrobras…

Huge Brazil Oil Round Disappoints

Nov 06, 2019

A huge Brazilian oil auction, dubbed one of the largest ever, frustrated expectations on Wednesday, as high prices and tepid demand turned the widely awaited tender into an embarrassing miscalculation for the cash-strapped government.Brazil's…

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Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

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