Offshore South America News - page 149


Repsol divests final YPF stake

May 16, 2014

Last week, Spain's Repsol sold its remaining 12% stake in Argentine oil giant YPF SA for US$1.25 billion, and YPF's stock price jumped 10%. The Spanish oil company controlled a majority of YPF after it was privatized in the late '90s…

Transocean nets $953m of contracts

May 16, 2014

Drilling rig giant Transocean says it has picked up new contracts worth about US$953 million since 17 April. Giving its fleet update report, the firm said other highlights include: Dhirubhai Deepwater KG1 drillship - Awarded a three year contract offshore Brazil at a dayrate of $440…

CGG starts 3D Brazil survey

May 15, 2014

CGG has started acquiring a large BroadSeisT 3D multi-client survey program in the deep and ultra-deep waters of the Espirito Santo Basin, offshore Brazil. The project has received high prefunding from major industry players. The Espirito Santo Phase III survey will cover more than 9500sq km…

CMM takes delivery of first Damen PSV 3300

May 15, 2014

Monaco-based Compagnie Maritime Monégasque S.A.M. (CMM) took delivery of a Damen Platform Supply Vessel (PSV) 3300 in late April. The 80m, 3300t deadweight vessel CMM Gravity was built at Damen Shipyards Galati in Romania, and will be…

Redline wins offshore comm's contract

May 14, 2014

Redline Communications Group Inc., a provider of mission-critical wireless networks, announced that it has received a US$1.6 million contract to deliver a marine communications network based on the recently announced RAS Extend Marine product…

Premier close to Catcher sanction

May 14, 2014

Premier Oil says government approval for its UK North Sea Catcher development is expected soon and that the FEED and drilling contracts on Sea Lion in the Falklands will be issued this quarter. Premier said key service contracts covering the Catcher FPSO (pictured)…

Petrobras' P-62 starts production

May 13, 2014

Petrobras began production from its P-62 platform at the Roncador field, in the Campos Basin, off Brazil, the company announced on 12 May. The 111sq km Roncador field is located in a water depth of 1800m and is divided into four modules with differing API densities…

Ceona picks Nautronix for survey work

May 09, 2014

Through water technology and survey company Nautronix has been awarded a five-year frame contract - based on a non-exclusive agreement - by SURF and subsea contractor Ceona, with an initial one year call-off for the supply of survey services…

Petrobras inks Saipem contract

May 07, 2014

Brazil's Petrobras has awarded Saipem an EPCI contract for the Lula Norte, Lula Sul and Lula Extremo Sul Project, to be developed in the Santos Basin Pre-Salt region, about 300km off the coasts of the Rio de Janeiro and São Paulo States. The work scope includes engineering…

OTC14: Brazil's PPSA CEO promises local content 'flexibility'

May 06, 2014

Brazil's desire to fast-track development of the huge Libra pre-salt discovery will require flexibility in enforcing local content regulations, CEO Oswaldo Pedrosa of Pré-Sal Petróleo S.A. (PPSA), the new state-owned company representing Brazilian national interest in pre-salt ventures…

ION inks PEMEX deal

May 05, 2014

ION Geophysical Corporation subsidiary GX Technology (GXT) group has been awarded a multi-year contract with Petroleos Mexicanos (PEMEX), the national oil company of Mexico. Under this contract, GXT is providing a broad range of seismic…

OTC14: JDR expands in Brazil

May 05, 2014

Umbilical, cable, and IWOCS firm JDR is increasing its global footprint with the opening of a new service and maintenance facility in Brazil. The JDR facility will be the latest addition to the bustling port city of Macaé when it opens for business in Q3 of 2014…

Ceona delivers new vessels to Brazil, GOM

May 05, 2014

Ceona has completed final outfitting of the Polar Onyx and the Normand Pacific to begin clients’ projecs in Brazil and the Gulf of Mexico, respectively. The successful delivery of the two flexlay and subsea construction vessels marks the…

Petrobras propels forward with new platforms

May 01, 2014

Petrobras' demanding newbuild platform schedule proves that the Brazilian giant believes that presalt production shows no sign of slowing down. Peter Howard Wertheim delves into the details of Petrobras' plethora of platforms coming online between now and 2020…

FMC Technologies boosting Brazil's subsea installations

May 01, 2014

Peter Wertheim discusses subsea technology woth Nelson Leite, president of FMC Technologies Brazil. Subsea processing and boosting are fundamental for developing challenging fields. Benefits increase with water depths, flow rates and stepout…

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