Amidst its international corruption investigation, Petrobras terminated its US$1.6 billion contract with Vantage Drilling for the use of the Titanium Explorer ultra deepwater drillship citing a breach in Vantage’s obligations under the contract…
Audrey Leon spoke with Infield Systems’ analysts James Hall and Wei Liu to get the bigger picture. According to Infield Systems, the offshore pipeline installation market over the next 12 months will be challenging. Infield has revised…
In advance of OE’s 2015 Global FPSO Forum, in Galveston, Texas, Audrey Leon speaks with the event’s co-chairs – SBM Offshore’s Jim Wodehouse and Endeavor Management’s Bruce Crager – to discuss topics affecting the FPSO sector. Shell…
Spending on floating production systems is expected to increase 73% in 2015-2019, with US$81 billion due to be spent over that period. Douglas Westwood analyst Ben Wilby sets the scene. BG Group’s Knarr FPSO…
Shell, the operator of the BC-10 field, has awarded a contract to Helix Energy Solutions Group’s robotics subsidiary, Canyon Offshore, to trench and bury over 40km of pipe in 1675m of water in the Campos basin offshore Brazil. The work…
Wood Group Intetech (WGI), an asset integrity specialist, has been awarded US$1 million worth of work in the form of 11 new contracts from new and existing clients. The agreements span the Americas, Europe and the Middle East, and include…
Brazil’s National Petroleum, Natural Gas, and Biofuels agency (ANP) expanded on its approval of the country’s 13th bid round, with the announcement of more than 22 of 39 applications from international oil and gas companies. Magda Chambriard…
Noble Energy's Humpback exploration well in the south Falklands basin has hit operational issues with results likely to be delayed by about a month, according to partner Falkland Oil and Gas (FOGL). The well, which spudded on 13 June 2015…
FMC Technologies has been chosen as the first winner of the OTC Brasil 2015 Spotlight on New Technology Award. The award recognizes FMC Technologies’ shape memory alloy fittings in subsea equipment, which was developed to replace orbital welding processes used to connect hydraulic tubing…
Brazil’s National Petroleum, Natural Gas, and Biofuels agency (ANP) has announced the first 12 companies pre-approved for the country’s upcoming 13th bid round to be held on 7 October. The pre-approvals went to familiar companies such as supermajor Shell and France’s GDF Suez…
TGS has been given the green light by Mexico's Comisión Nacional de Hidrocarburos (CNH) to start acquiring multibeam, coring and geochemical analysis data over about 600,000sq km in Mexican waters. This project will cover the entire deepwater area of the offshore sector of Mexico…
Image: Ecopetrol The board of directors of Ecopetrol, in its meeting held on 14 August, 2015, authorized the creation of a Colombian company indirectly wholly-owned by Ecopetrol…
The “Lava Jato” scandal, which US-based global energy law firm Mayer Brown is calling the “largest corruption investigation in the world,” has taken an economic toll on Petroleo Brasileiro SA (Petrobras), and is creating several business opportunities…
In this video, Teekay captured a time-lapse video of the Teesta Spirit vessel transiting through the Panama Canal. The Teesta Spirit began at the Balboa Anchorage, transiting through three sets of locks until reaching its final destination in the Atlantic Ocean…
Rosneft, via its subsidiary RN-Brasil, has registered as a participant in Brazil's 13th license round. The registration is subject to the approval of Brazil's Agencia Nacional do Petroleo ANP and will allow Rosneft to take part in the…