Oceaneering International, Inc. reported record fourth-quarter and annual earnings for the periods ended December 31, 2012.For the 4Q 2012, Oceaneering earned net income of $80.6 million, or $0.74 per share, on revenue of $780.9 million. During the corresponding period in 2011…
Australian firm spuds new well off Brazil Click to view largerKaroon spudded its Emu-1 exploration well located within Blocks S-M-1102 and S-M-1037 in the Santos Basin off Brazil, the company announced on 11 February 2013.Karoon…
SMG to use Fairfield Z-700 ocean-bottom nodesFairfield Industries’ Z-700 nodesRussia’s Federal State Unitary Scientific & Production Company for Marine Geological Prospecting(State SEVMORGEO Company or SMG) has contracted UK-based WGP Exploration Ltd…
Shell spudded its French Guiana prospect, GM-ES-3, the second of a four-well program. The well will target the Priodontes prospect, providing critical geological data. Shell operates the field with 45%; its partners include Total (25%), Tullow (27…
Petrobras has chosen GE Oil & Gas to power its four new FPSOs – the P-74, P-75, P-76, and P-77 – bound for the Cessão Onerosa field in the Santos Basin pre-salt. GE’s turbomachinery will generate primary energy for the FPSOs using gas turbines…
Dolphin Drilling and Petrobras have agreed to a one-year contract extension for the semisubmersible Borgny Dolphin. The contract, worth US$90 million, extends its deployment until September 2014.GDF Suex E&P UK picked Technip to provide installation…
Australian firm locates light oil off Brazil Click to view largerKaroon Gas Australia has encountered light oil at the Kangaroo-1 exploration well on Block S-M-1101 in the Santos Basin off Brazil, partner Pacific Rubiales announced on 25 January 2013…
IHC syncs build of three Brazil-bound vesselsKeel-laying pipelay vesselIHC Merwede is building three 550t pipelaying vessels simultaneously at its Krimpen aan den IJssel yard in The Netherlands. The keel-laying ceremony for the first…
The $500M supply contract serves 4 new FPSOsGE's PGT25 gas turbineGE Oil & Gas has won a contract worth more than US$500 million to supply turbomachinery equipment and services to Petrobras, a world leader in deepwater oil production…
Anadarko and state-owned Ecopetrol have announced a 50:50 venture to explore the Fuerte Norte and Sur blocks off Colombia in the Caribbean Sea.
Petrobras touted a fourth oil discovery in the ultra-deepwaters of the Sergipe-Algoas basin, 85km off the coast of Aracaju, Brazil. Tests confirmed the presence of a 67m-thick, light oil column in the Calumbi formation of the Muriú well.
Nina M. Rach COLLOQUY: Editor's Column Despite the widespread pop-culture interpretation of the Mayan calendar, the world did not end in an apocalypse on 21 December 2012, just as the Y2K date bug did not cause utilities and other critical infrastructure to fail on 1 January 2000…
Tupi South discovery may link to Lula field Petrobras has found good quality oil in the Tupi South (Sul de Tupi) area of the Santos Basin pre-salt, the company announced on 8 January 2013.Petrobras said the well encountered reservoirs…
Sapinhoá field begins production off BrazilSapinhoá mapCommercial production has begun at Sapinhoá field, Repsol announced on 8 January 2013.The field, run by a consortium of Repsol, Petrobras and BG Group, is located in Block BM-S-9 in Brazil’s pre-salt region…
Could a chain of islands designed to house and feed workers closer to production locations be a viable solution to the daunting logistical challenges faced by operators working in remote offshore locations in Brazil and other parts of the world…