PetroJunín, joint venture formed by PDVSA (60%) and Eni (40%), has started production from the Junín-5 giant heavy oil field, located in the Faja del Orinoco, the area with the largest untapped hydrocarbon reserves in the world. The block is…
North Sea offshore investment is reaching all time highs but there is limited capacity to invest to meet demand, according to a speaker at today's annual NOF Energy conference.Specialist Isabel Boira-Segarra of consultancy EC Harris, was speaking at the Energy: A Balanced Future event in Newcastle…
Subsea 7 has announced the award of three contracts with a combined value in excess of US$300 million from Petrobras. The work includes the installation of flexible lines by the Seven Seas, under two lump-sum contracts and one day-rate contract…
Endeavor wins Papa Terra advisory projectEndeavor Management announced today that Petrobras has retained the Houston-based consulting firm to provide third-party review and advisory services on the Papa Terra project. Endeavor will work…
Offshore engineering firm GMC Ltd. provides this video of the 2,500-ton CX-15 buoyant tower, touted at the world's largest, being installed at Corvina Field off Peru for BPZ Energy. The tower hull measures 69.9m with four, ring-stiffened…
Keppel wins new business Keppel Offshore & Marine Ltd's (Keppel O&M) subsidiaries - Keppel FELS Brasil S.A. (Keppel FELS Brasil) and Keppel Shipyard Ltd (Keppel Shipyard) - have secured two contracts worth S$200 million (US$161.54 million) from repeat customers…
BPZ Energy expects to spud the first well at its CX-15 development, off Peru, within three to six weeks depending on weather and sea conditions, the company confirmed on 28 February 2013.CX-15 platform (Image: GMC Ltd.)The company said further…
PGS' Ramform Challenger gathers a Falkland surveyThe PGS vessel Ramform Challenger began gathering London-based Borders & Southern Petroleum’s (B&S) 3D seismic program off the Falkland Islands in the South Atlantic Ocean. Located about 140…
FPSO Cidade de Itajaí connects to Baúna field Cidade de Itajaí (Photo: OOG)Production has begun at Petrobras' Baúna field, in the Southern Santos Basin, off Brazil, the company announced on 19 February 2013. Petrobras connected the FPSO Cidade de Itajaí…
Palfinger Dreggen AS has been awarded a contract for the delivery of 28 cranes to Sembcorp Marine’s subsidiary Jurong Shipyard Pte. Ltd. The contract includes the supply of cranes for seven drillships to Sete Brasil, scheduled for delivery between 2014 and 2017…
On 15 Feb 2013, Colombia's Ecopetrol SA announced its proven reserves (1P, according to the international designation) of crude oil, condensate and natural gas, including its interest in affiliates and subsidiaries, as of December 31, 2012. Proven net reserves (1P) increased to 1…
Compressor order from Petrobras for Santo Basin FPSOsA crane loads a two-stage screw compressor unit with noise control enclosurefor offshore useSix two-stage screw compressor units for six offshore oil production installations, known as FPSO (floating production…
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…