Offshore South America News


FPSO & IPO: Growth of an Operator

Sep 17, 2019

As war gives oil a jolt, BW Offshore — which earned revenues of $870 million in 2018 — is readying floating production storage and offloading vessel (FPSO) candidates for Brazil and the North Sea, just as its about-to-be-strengthened other half…

Tullow to Drill at Least 3 New Guyana Wells in 2020

Sep 16, 2019

Tullow Oil plans to drill three or more oil exploration wells in Guyana next year, Chief Executive Officer Paul McDade said on Monday after the firm's second oil discovery in the country.Following the Jethro-1 discovery last month, London-listed…

ExxonMobil Reports Discovery Offshore Guyana

Sep 16, 2019

ExxonMobil has made an oil discovery in the the closely watched Stabroek block offshore Guyana, the supermajor announced on Monday.The discovery in the Tripletail-1 well in the Turbot area adds to the previously announced estimated recoverable…

Tullow Makes Second Discovery Offshore Guyana

Sep 16, 2019

Tullow Oil announced it has made a second oil discovery on the Orinduik block, opening a new Upper Tertiary oil play in the Guyana offshore basin.The Joe-1 exploration well was drilled by the Stena Forth drillship to a total depth of 2,175 meters in 780 meters water depth…

Weatherford Inks $87 Mln Deal with Petrobras

Sep 11, 2019

Oilfield services company Weatherford announced it has secured an $87 million contract for fishing and intervention services with Brazilian-based multinational corporation Petróleo Brasileiro S.A., more commonly known as Petrobras.Weatherford…

DOF Subsea Upgrades ROV Fleet

Sep 10, 2019

Subsea services provider DOF Subsea has equipped a further three of its Brazilian offshore vessel fleet with hybrid acoustic and inertial navigation technology from Sonardyne Brasil Ltda.Sonardyne’s SPRINT-Nav all-in-one subsea navigation instruments…

Brazil Sells Rights in Minor Oil Areas

Sep 10, 2019

Brazil auctioned off the exploration rights to 33 minor onshore and offshore oil and gas blocks on Tuesday, in what authorities framed as a bid to boost the industry outside of the nation's core, offshore pre-salt play.At an event in downtown Rio de Janeiro…

Petrobras Produced 3.0 Mbbpd in August

Sep 03, 2019

Brazilian state-run oil company Petroleo Brasileiro SA produced 3.0 million barrels of oil equivalent per day (boepd) on average in August, according to a securities filing on Tuesday, up 21.6% from the same period a year ago.Petrobras, as the company is known…

Brazil Oil Production Jumps 7% in July

Sep 03, 2019

Brazilian oil production increased to 2.77 million barrels per day (bpd) on average in July, up 7% from a year earlier, local oil and fuels regulator ANP said on Monday.Natural gas production also increased by 7% in July from the same month last year to 124 million cubic meters…

Petrobras Announces Polo Garoupa Fields Sale

Sep 03, 2019

Brazil's state-run oil company, Petroleo Brasileiro SA, announced the binding phase of the sale of its 11 oil fields in shallow waters of the Santos basin and collectively known as Polo Garoupa.Petrobras said in a securities filing that oil fields called Anequim…

Subsea 7 Wins Contract from Total in Brazil

Sep 02, 2019

Subsea 7 announced it has secured a contract from Total E&P do Brasil for the development of the Lapa North East field located approximately 300 kilometers off the coast of the State of São Paulo, at 2,150 meters water depth in the pre-salt Santos Basin…

Liza Destiny FPSO Reaches Guyana

Sep 02, 2019

American petroleum company Hess Corporation said that the Liza Destiny floating, production, storage and offloading (FPSO) vessel has arrived at the closely watched Stabroek Block offshore Guyana after a 42-day journey from Singapore.Liza Destiny…

CGG Kicks Off Deepwater Survey in Brazil

Aug 27, 2019

Paris-headquartered geosciences company CGG said it has commenced a new, large, long-offset BroadSeis survey located in the Campos and Santos Basins, offshore Brazil.The Nebula 3D survey is supported by industry funding.With an initial focus on Brazil’s 15th License Round blocks…

Tullow, Eco Spud Joe-1 Well in Guyana

Aug 27, 2019

Operator Tullow started drilling a fresh exploration well in Guyana's offshore Orinduik block, partner Eco Atlantic announced on Tuesday.Joe-1 was spud August 25 using the Stena Forth drillship, which previously drilled the recently announced Jethro discovery…

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