Petrobras announced the discovery of good quality oil in the Transfer of Rights area referred to as Entorno de Iara, in the Santos Basin pre-salt region. Well 1-BRSA-1146-RJS (1-RJS-711), known as Entorno de Iara 1, is located at a water depth of 2…
Brazilian independent OGX Petróleo e Gás Participações S.A. (OGX), has entered into an agreement with PETRONAS Brasil E&P Ltda (Petronas) to sell a 40% non-operating work interest in BM-C-39 and BM-C-40 blocks, located in the Campos Basin…
HRT Oil & Gas Ltda will purchase BP's 60% stake in the Polvo oil field, located 100km off Rio de Janeiro's coast, for US$135 million, the supermajor announced on 6 May 2013. BP said it expects the deal to close by 2H 2013, pending regulatory approvals…
Tendeka, the provider of completions systems and services to the upstream oil and gas industry, today announces plans to significantly grow its North and South American market presence by promoting its full portfolio of complementary completions products and services in the region…
Falklands exploration firm Falkland Oil & Gas (FOGL) has said it will be continuing its 3D seismic acquisition campaign and looking for drilling targeting for exploration drilling in the second half of this year. The firm's 3D seismic programme is covering more 10…
Saipem has been awarded new E&C Offshore contracts in Latin America with a total value of approximately $500 million. In Venezuela, Saipem signed with Cardon IV, a 50/50 joint-venture between Eni and Repsol, T&I contracts for the development of the Perla EP Project…
FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands is pleased to provide the following operations update with respect to the ongoing 3D seismic operations. The…
The FPSO market appears to be emerging from the economic downturn stronger than ever, with new project awards and forecasted capital expenditure expected to gain momentum throughout the next five years. While challenges certainly remain…
FPSO Cidade de Itajaí Petrobras began producing at Baúna field, in the southern Santos Basin, off Brazil. The FPSO Cidade de Itajaí, which arrived at the field in December, was connected to well 9-SPS-88. That well is estimated to produce up to 12…
C. PGS vessel Ramform Challenger began gathering London-based Borders & Southern Petroleum’s 3D seismic program off the Falkland Islands in the South Atlantic. Located about 140km south of the Falkland Islands and covering more than 1000 sq km…
B. Karoon Gas Australia encountered light oil at the Kangaroo-1 exploration well on block S-M- 1101 in the Santos Basin off Brazil. Karoon drilled the Kangaroo prospect to 3049mRT. Mudlog, wireline petrophysical and MDT pressure data confirmed the presence of a 25m oil column in the Eocene…
COLLOQUY: Editor's Column The IHS CERAWeek conference took Houston by storm in March, with a solid program of topical breakfast discussions, illustrious keynote speakers, plenary sessions, and dialogues. The energy topics ran the gamut…
Subsea 7 today announced the award of a contract worth in excess of U$350 million from Petrobras. The contract is for the operation of the pipelay support vessel (PLSV) Kommandor 3000 on a day-rate basis for five years. Kommander 3000…
Petrobras announced that in February 2013 total production of oil and natural gas in Brazil reached 2,316 thousand boe/d. Including the share operated by the company for its partners, total volume produced was 2,414 thousand boe/d, This volume corresponds to a 2…
Pacific Rubiales Energy Corp. opted to acquire a 35% interest in Block S-M-1166 held by Karoon Gas Australia Ltd. through the funding and participation in the Bilby-1 exploration well, in the Santos Basin off Brazil.Click to view larger…