China’s national oil companies, Sinopec and CNOOC, want more interests in Brazil’s oil and gas assets, reports Seeking Alpha. The two companies bought into Brazil’s giant deepwater oilfields two years ago, and now seek to increase their holdings as Petrobras continues to sell assets…
Petrobras will sell its 20% interest in the Bijupirá and Salema fields, currently operated by Shell, to PetroRio for US$25 million, the Brazilian national announced. The fields are located in Campos Basin, in water depths ranging 480-850m…
Cardón IV S.A. started production at the giant Perla gas field’s first well in the shallow waters of the Gulf of Venezuela. Map of Perla. From Repsol. Perla, Latin America’s largest offshore gas field…
International offshore marine and engineering consultancy Aqualis Offshore has been contracted by Perforadora Mexico to support with the transportation and installation of a platform rig for a fixed platform offshore Mexico. Under the contract…
Petrobras has long been a pioneer in the adoption and deployment of deepwater technology. This has enabled them to build huge reserves of some 16 billion bbl. Converting these reserves to production, however, is another matter and Petrobras has a history of setting ambitious targets…
Gulf Island Fabrication, Inc. has announced that through its subsidiary Gulf Island LLC, it has signed a contract with an oil and gas company with operations in Trinidad for the fabrication of a jacket and piles for one of its offshore locations…
Technip has won the contract to provide detailed engineering and procurement services for the topsides of what will become a floating production and offloading (FPSO) for Brazil's multi-billion barrel pre-salt Libra field. The FPSO, which will be a conversion from a shuttle tanker…
Embattled Brazilian state-owned energy firm Petrobras has approved a new five-year investment plan for 2015-2019, which slashes total investments by 41% from last year’s estimates, the company announced on 29 June. Last year, the company announced it planned a total capex of US$220…
Staatsolie and Apache Corp. have signed a production sharing contract (PSC) for exploration, development and production of offshore Block 58 offshore Suriname. The agreement, with a 30-year validity, is divided into exploration, development and production phases…
The Petrobras Lava Jato (Car Wash) scandal is hitting Asia this week, as the names of two Singaporean shipbuilders are coming back into play for allegedly being linked to one of the largest oil and gas bribery and corruption waves to hit South America…
Brazilian police arrested Odebrecht President and Chief Executive Officer Marcelo Odebrecht with accusations of bribery and corruption in connection with a scandal currently engulfing Brazilian national Petrobras, on Friday, according to news reports…
The future of offshore oil and gas exploration will be exploited with high-specification jackups and ultra deepwater (UDW) drillships capable of working in high-pressure, high-temperature (HPHT) environments, according to pure-play, high-specification offshore driller…
Brazil's state-run oil company Petroleo Brasileiro stopped production from its P-40 platform in the offshore Marlim Sul field after a gas leak was discovered, reports Reuters Africa. Reuters quoted Petrobras’ statement that the leak was quickly controlled…
Petro Vista Energy entered into a binding memorandum of understanding (MOU) with Canada-based Maha Energy for the sale of its all of its 37.5% undivided working interest in the exploration and production contract covering the Tartaruga offshore…
The Sparrows Group has boosted its senior management team with the appointment of Steve Bertone, to head up its operations across the Americas. In his new role, Bertone will be based in Houston and will oversee all of Sparrows Group’s operations in the US…