Offshore South America News - page 119


Brazil to play key role in energy future

Oct 01, 2012

With massive investment and aggressive technology development required to match world energy demand in coming decades, South America’s ‘southern cone’ will have a big role to play. Russell McCulley reports from Rio de Janeiro.Thanks in large part to Brazil’s pre-salt discoveries…

Frade seeps continue to haunt

Oct 01, 2012

Oil seeps at Chevron’s Frade field nearly a year ago have led Brazilian regulator ANP to assess millions in fines against Chevron and ultimately halted output at the troubled Campos Basin field. In November 2011, Chevron P&A’d an appraisal well…

OGX discoveries

Oct 01, 2012

Maintaining a steady level of exploration activity, OGX has marked a number of successes.The Itacoatiara well, or OGX-79, found a hydrocarbon column of about 150m with 64m of net pay in the Albian section in the Campos Basin. The block BM-C-39 well…

Petrobras discoveries

Oct 01, 2012

Over the last 18 months or so, Petrobras has a string of reported discoveries to its credit. Company CEO Maria das Graças Silva Foster said the 2011 discoveries alone added 1.24 billion barrels of equivalent oil to Petrobras’ numbers, with 1 billion of that coming from the pre-salt area…

Rig delays dampen deepwater carnival

Oct 01, 2012

Brazil’s oil & gas potential continues to grab the industry headlines, with Petrobras confirming more than a score of offshore discoveries, most of them deepwater, in the last 18 months alone. Newcomer OGX confirmed a number of discoveries too…

Waimea well test

Oct 01, 2012

Brazilian independent OGX kicked off 2012 with production at its offshore Waimea development. First oil came in January via an extended well test (EWT) to the FPSO OSX-1 just over two years after the field was discovered with OGX-3 in December 2009…

Customized bits boost pre-salt rates of penetration

Sep 01, 2012

Customized bits enabled Petrobras to successfully drill hard carbonates of pre-salt reservoirs and hard and interbedded post-salt formations of two different offshore wells, while at the same time lowering vibrations, increasing rates of penetration…

Rig market

Sep 01, 2012

The worldwide mobile offshore drilling fleet has seen modest but steady increases in utilization since the beginning of the year. Currently, worldwide utilization stands at 78% whereas at the start of the year it was hovering around 73%.Recently…

Paulo Roberto Costa heads up oil & gas division of Brasilinvest Group

Sep 01, 2012

Former Petrobras director Paulo Roberto Costa heads up the newly established oil & gas division of Brasilinvest Group, currently managing a $6 billion portfolio of projects. The group was recently named as a special advisor and investment banker to Paraguay’s Dahava Petroleos.

Statoil acquires FPSO Maersk Peregrino

Aug 01, 2012

Statoil and its partner Sinochem have agreed to purchase the Peregrino FPSO from A.P. Moller-Maersk Group. The floating production, storage and offloading unit has been in use at the Statoil-operated Peregrino field in Brazil since production start-up in 2011…

Subsea hardware spend rebounds

Aug 01, 2012

Oil & gas companies will spend roughly $135 billion on subsea hardware between 2012 and 2016, an increase of 14% over the preceding five-year period, according to a new report from Douglas-Westwood.Spending took a hit in 2010 and 2011 as the…

Bigger in Brazil

Jul 19, 2012

Aker Solutions is investing $100 million in a new multi-purpose service site in Macaé for its drilling equipment business in Brazil. The 335,000m2 development – eight times bigger than the company’s current facility in nearby Rio das Ostras…

Swire Oilfield Services

Jul 19, 2012

Swire Oilfield Services has officially opened two new plants in Brazil’s Macaé region. The first, a sling manufacturing facility, will produce a range of wire rope products including lifting sets for cargo carrying units (CCU) The second, a DNV 2…

Exmar team eyes first FLRSU

Jul 01, 2012

Wison Offshore & Marine, Exmar and longtime LNG consulting and engineering firm Black & Veatch have teamed up on what the companies promise will be the first floating LNG liquefaction, regasification and storage unit (FLRSU), to be installed 3km offshore Colombia…

Subsea separation success

Jun 26, 2012

FMC Technologies, flying high on two OTC ‘spotlights on technology’ this year for its advancements in the subsea separation arena, discussed the two projects – Marlim and Pazflor – that earned this recognition.The subsea oil-water separation…

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