Chevron is selling all of its shares in Trinidad and Tobago to Shell’s BG International Ltd. in a US$250 million deal. Image from Chevron Facebook. The deal, signed earlier this week on 29 May…
Petrobras is exercising its preferential right for the second and third bidding rounds for three areas in a move to maximize the value of its portfolio. Petrobras submitted its first formal statement to Brazil’s National Energy Policy…
Petróleo Brasileiro (Petrobras) has a won a legal battle for the sale of a set of shallow water fields, in the states of Ceará and Sergipe. The Brazilian giant revealed today (25May) that the 3rd Federal District Court of Sergipe dismissed…
Petroleo Brasileiro (Petrobras) sent a termination notice to Teekay Offshore for the Arendal Spirit charter contract last month, in which the company says it is disputing the grounds of the termination and is reviewing its legal options. The…
Teekay has announced that the floating production, storage and offloading (FPSO) vessel Pioneiro de Libra arrived in Brazilian waters on 17 May. The FPSO unit set sail on 28 March from the Jurong shipyard in Singapore, where the conversion of the unit has been taking place since 2014…
Petróleo Brasileiro (Petrobras) started production from the Lula Sul field offshore Brazil with the P-66 floating production and storage offloading (FPSO) unit. Image from Petrobras Twitter. Lula…
Image of Koos-Jan van Brouwershaven, CEO, Heerema Fabrication Group; and Martijn Smit, general manager, South Atlantic Holding, signing the contract. Image from Heerema. Heerema…
LQT Industries has been awarded multiple Gulf of Mexico projects including aluminum accommodation rental packages, construction, and refurbishment projects. LQT is providing aluminum accommodation packages for major oil and gas operators on two separate offshore platforms…
Odebrecht has named Luciano Nitrini Guidolin as the company’s new chief executive officer (CEO), replacing Newton de Souza. Guidolin will continue the business restructuring process and meet the challenge of bringing Odebrecht back to…
SeaBird Exploration signed a letter of intent for an upcoming 2D seismic survey in South America. The project is estimated to start in the first half of Q3, and will have a duration of approximately two and a half months. SeaBird will be using the Northern Explorer for the project.
Anadarko has made its third discovery in deepwater offshore Colombia, with the Gorgon well. The Gorgon-1 well encountered 260-360ft net of natural gas pay, according to Anadarko. Partner Ecopetrol said the well showed gas presence in two different exploration targets…
Petrobras shared innovations and efficiency gains related to the Libra field at the Offshore Technology Conference (OTC) in Houston. Petrobras says collaboration between Libra area partners has produced a US$13/bbl reduction to the project's breakeven price…
A federal regional court in Brazil will allow the transfer of Petrobras' BM-S-8 exploration block, which includes the Carcará field, to Norwegian major Statoil, Petrobras announced today 2 May. 'With the favorable decision of the court…
Mexico's Petroleos Mexicanos (Pemex) has signed an agreement to license data from the WesternGeco Campeche wide-azimuth (WAZ) multiclient seismic survey in the Salina del Istmo province of the southern Gulf of Mexico, said Schlumberger (SLB)…
Jerry Lee profiles the development of Brazil’s giant Lula field, offshore Rio de Janeiro. The FPSO Cidade de São Vicente was brought in to perform extended well tests on a Lula NE well in 2011…