If the stars align, and if foreign investors and engineers are up for the challenge, Brazil’s massive oil and gas industry could be on the brink of a massive opportunity boom for non-Brazilian oil and gas companies. Conversely, with a major…
Floating production unit operator BW Offshore has taken a hit in revenues and profits following a fatal fire on one of its vessel offshore Brazil. However, the firm says it will recoup its losses after the fire on the Cidade de São Mateus floating production…
Pipeline repair company IRM Systems opened a new base of operations in Houston, Texas. Rutger Schouten, general manager of IRM Systems said: “The implications of this development are tremendous, bringing with them the need for a new perspective on pipeline inspection…
On 20 May 2015, ExxonMobil (45% and operator) announced a discovery at its Liza-1 well on the Stabroek Block offshore Guyana. The well was spud on 5 March and drilled to an Upper Cretaceous fan play at a depth of 5433m in 1743m of water.…
India’s petroleum minister Shri Dharmendra Pradhan led a delegation to Mexico and Colombia this week to meet with officials in each country in hopes of transforming the relationship among the three countries from “buyer-seller” to an “energy partnership…
ExxonMobil confirmed a significant oil discovery on the Stabroek Block found 120mi offshore Guyana. The well, spud on 5 March 2015, was drilled by ExxonMobil affiliate, Esso Exploration and Production Guyana, and encountered more than…
Petróleo Brasileiro (Petrobras) confirms that it signed a US multi-billion dollar cooperation agreement with China Development Bank Corp. (CDB). Funding will be for years 2015 and 2016, which includes US$3.5 billion, already disbursed…
Watch as Teekay Offshore’s first unit for maintenance and safety (UMS), the Arendal Spirit, arrives safely to Rio de Janeiro, Brazil after departing the COSCO shipyard in China. Arendal Spirit will now undergo an extensive testing…
Premier Oil’s high-impact Falklands Isobel Deep well has hit oil shows in a suspected high pressure formation, partner Rockhopper Exploration said this morning (19 May). But, the area will now have to be cased, delaying the drilling program…
According to Guyanese Online, Reuters, MercoPress and other news organizations, an ExxonMobil subsidiary and its partners have discovered hydrocarbons offshore Guyana, but the Guyanese government reports that it is not sure if the discovery can be confirmed in commercial quantities…
London-based Borders & Southern (B&S) completed a comprehensive seismic reservoir characterization study to investigate the Early Cretaceous shallow marine play fairway of its Darwin discovery offshore the Falkland Islands. The objective…
Premier Oil is planning to make sanction decisions on its Falkands Sea Lion and Norwegian Vette developments in 2016, the operator said this morning. The plans come as the firm says it is making “improved progress” on the completion…
UK-based operator Premier Oil resumed drilling on the Isobel Deep 14/20-1 well in the North Falkland Basin following repairs to the blowout preventer (BOP) stack. Drilling operations on the Eirik Raude semisubmersible drilling rig were…
At this week’s Offshore Technology Conference (OTC) in Houston, DNV GL revealed a study that analyzes current regulatory regimes, outlining possible future developments and DNV GL’s recommendations to reduce the risk of major accidents. Safety model…
Rolls Royce awarded Cortland a contract to supply its BOB 12x12 fiber rope for use on Rolls Royce's next fiber rope deployment system (FRDS). The FRDS system, which will have a single fall capacity of 150t, is being built for AKOFS Offshore…