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…
Aberdeen-based subsea marine equipment rental firm Seatronics, an Acteon company, completed the startup phase of its new facility in Macaé, Rio de Janeiro. The center will serve as an office, workshop and warehouse facility for sales, rental…
Rune Eng, president and CEO, provides the answers to why Spectrum is emerging as a key player in the market for multiclient marine seismic surveys and where the company is heading with its business. Before joining Spectrum in 2010 Rune…
WPG Group initiated the acquisition of 2D and 3D surveys last month in Ecuador’s transition and shallow water zones for the State Sevmorgeo Company (SMG). SMG is utilizing Fairfield Z700 oceanbottom nodes in combination with portable sources provided by WPG.
Commercial production began at Sapinhoá field in January. Located in block BMS9 in Brazil’s presalt region, the first producing well, Guara1, was connected to the FPSO Cidade de São Paulo. Guara1 has a potential production rate of 25,000b/d…
Olso-based Aker Solutions and Houston-based FMC Technologies Inc. have both announced today major subsea contract deals with Petrobras in connection with the Brazilian NOC's pre-salt fields.(Image: Aker Solutions)Aker Solutions signed a new…
In his opening address, Subsea UK CEO Neil Gordon said that the global subsea market was set to double from £20 to 40 billion over the next fi ve years. The big challenge for Subsea UK and for the subsea UK industry was how to retain one-third of that market and grow its global share…
Wood Group PSN (WGPSN) is delivering operations and maintenance services to Chevron's offshore production facilities under a new $17.5 million (USD) contract. La Guajira map (Image: Ecopetrol)Wood Group PSN will provide services to Chevron's two offshore platforms (Chuchupa A and B)…