Offshore South America News


Petrobras Hires Valaris DS-4 Drillship

2 hours ago

Offshore drilling company Valaris has won a drilling rig contract with the Brazilian oil firm Petrobras offshore Brazil.The contract is for the drillship Valaris DS-4, for operations offshore Brazil. The contract is for a minimum term of 548 days…

Long-term Contracts with Petrobras for Subsea 7 PLSV Trio

Oct 19, 2021

Subsea 7 has announced a very large award by Petrobras for new long-term day-rate contracts for the pipelay support vessels (PLSV) Seven Waves, Seven Rio and Seven Sun.The offshore installation services firm said Tuesday that the contracts were worth between $500 million and $750 million in total…

Petrobras Takes TechnipFMC's Pipelay Support Vessel on Long-term Charter

Oct 12, 2021

Oilfield services company TechnipFMC has secured a long-term charter and services contract with Petrobras in Brazil for the pipelay support vessel Coral do Atlântico.TechniFMC said the contract was a “substantial” one, meaning it has a value between $250 million and $500 million…

No Decision Yet on Albacora Fields Sale, Petrobras Says

Oct 07, 2021

Brazilian oil company Petrobras said Thursday it had not yet picked the winner in a bidding race for its Albacora and Albacora Leste fields in the Campos Basin, offshore Brazil.The company issued an update after Reuters on Thursday said the…

ExxonMobil Hikes Offshore Guyana Resource Estimate to 10 Billion Barrels, as Another Well Strikes Oil

Oct 07, 2021

U.S. oil major ExxonMobil has made yet another oil discovery in its prolific Stabroek Block, offshore Guyana, and has now increased its estimate of the discovered recoverable resource for the block to approximately 10 billion oil-equivalent barrels…

Chevron, Shell, Total Among Potential Bidders in Brazil Offshore Oil Round

Oct 07, 2021

Brazil is set to sell off exploration and production rights in dozens of offshore oil producing blocks on Thursday, in an auction that is small by local standards but will offer opportunities for majors to snap up potentially prolific assets…

Report: PetroRio-Cobra Win Bid to Acquire Petrobras' Albacora Offshore Field

Oct 07, 2021

Update: Following the release of news that Petrobras has selected PetroRio SA and Cobra as winning bidders for the Albacora field acquisition, Petrobras released a statement denying this. Read more here.Brazil state oil giant Petrobras has chosen a consortium of PetroRio SA and Cobra…

Petrobras Restarts Production from Manati Offshore Field after Leak

Oct 06, 2021

Brazilian oil company Petrobras has restarted production from the Manati offshore gas field in Brazil, after closure in September due to a leak in the onshore part of the export pipeline.Production from the field located in the Camamu Basin…

Drydocks Starts Conversion Works on Perenco's Brazil-bound FSO

Oct 05, 2021

DP World's subsidiary Drydocks World Dubai has started converting an Aframax tanker capable of carrying 700,000 barrels of oil to a Floating Storage and Offloading Unit (FSO) for Dixstone, part of Perenco.As part of the extensive modification and life extension work at the FSO Pargo project…

Petrobras Confirms Bids for Albacora Fields. Could Snap Up More Than $4B

Oct 01, 2021

Brazilian oil and gas company Petrobras has confirmed it has received bids for its Albacora and Albacora Leste offshore fields which could 'exceed US$4 billion for both fields.'Petrobras said that binding offers were submitted by the consortia…

Rockhopper Eyes Cheaper Development Option for Falkland Islands Oil Field as Partner Set to Exit

Sep 30, 2021

Oil and gas company Rockhopper Exploration on Thursday affirmed its intention to press ahead with the development of the Sea Lion offshore oil field in the Falkland Islands, a week after its partner decided to pull out.Rockhopper Exploration…

Brazil: Output from Manati Offshore Field Stopped Due to Gas Leak

Sep 28, 2021

Brazilian oil firm Enauta has said production from the Manati offshore field in Brazil was stopped preventively on Monday due to small gas leakage in the inland pipeline between the compression station and the gas treatment station. 'The operator is assessing the causes of this incident…

BW Energy: No Formal Decision on Petrobras' Assets Buy

Sep 27, 2021

Oslo-listed oil and gas company BW Energy, responding to press speculation, said Monday it had not made any formal decision to buy any of Brazil-based Petrobras' assets.BW Energy said it had noted the press speculation regarding the possibility of BW Energy acquiring the Golfinho field in Brazil…

SBM Offshore Gets $635M Loan for FPSO Almirante Tamandaré Construction

Sep 24, 2021

Dutch FPSO provider SBM Offshore has secured a US$635 million bridge loan facility for the financing of the construction of FPSO Almirante Tamandaré, one of the world's largest FPSOs.SBM Offshore said Friday that it had secured the loan by the…

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