Karoon Gas Australia’s Kangaroo-2 confirmed more pay at the second sidetrack well in the shallow offshore waters of Brazil. Map of the Santos basin. From Karoon. Kangaroo-2 is located in exploration Block S-M-1165 in the Santos basin…
Petrobras said tests confirmed the size of the oil discovery at Libra's first appraisal well, 3-BRSA-1255-RJS (3-RJS-731), informally known as NW-1. Tests at the well, located 185km off Rio de Janeiro, proved an 290m oil column and carbonate reservors of high porosity and permeability…
Rosneft CEO Igor Sechin addressed the International Petroleum (IP) Week forum in London, stating that the oil markets are in a fairly acute crisis. Image from Rosneft. “In the second half of 2014 there was a drop in oil prices…
Weatherford provides a video illustration of managed pressure drilling (MPD) rig integration, and adjustment to the drilling industry’s technology to address operational obstacles of today’s deepwater projects. Weatherford and Petrobras…
With the discovery of deepwater pre-salt reservoirs offshore Brazil, national operator Petrobras began complex drilling operations to uncork the massive hydrocarbon reserves under these salt layers, which acted as seals, preventing the oil and gas from escaping…
The Obama administration’s recently released draft proposed offshore oil and gas leasing program slams the door on industry and prevents America from sharing in the economic growth, new jobs and increased energy security that offshore oil and gas activity in new offshore areas would provide…
Petrobras officially named Aldemir Bendine, current CEO of Brazilian bank Banco do Brasil, the successor to its outgoing CEO Maria das Gracas Silva Foster, the Brazilian operator announced on 6 February 2015. Earlier this week, Gracas…
Norway-based seismic acquisition firm Spectrum has started a 12,000km multi-client 2D seismic survey offshore Brazil's Pelotas Basin. The new acquisition program will infill both Spectrums' new 7500km survey acquired in 2013 and 12,000km of data reprocessed in 2014…
Petrobras has made a new heavy oil discovery in concession BM-C-35 (exploratory block C-M-535), in the Campos Basin post-salt layer. The discovery was made while drilling well 1-BRSA-1289-RJS (ANP nomenclature) / 1-RJS-737 (Petrobras nomenclature)…
Petrobras CEO Maria das Gracas Foster and five directors stepped down from their posts on Wednesday (4 February) following months of scandals. Gracas Foster has been at the helm of the national operator since 2012, and spent over 30 years with Petrobras…
Aquatic Engineering & Construction is due to launch a new 120-tonne tensioner in 2015. David Tibbetts, VP Technology, spoke with OE about the methodology behind its design. Two tensioners from…
Alan Thorpe recently paid a visit to Singapore’s shipyards. He gives a rundown of some of the current floating production and storage unit conversions underway in Singapore and in Malaysia. The…
Petróleo Brasileiro S.A. – Petrobras confirmed a light oil and gas discovery by at the third extension well in the ultra deepwaters of Sergipe basin’s Farfan area, off Brazil. Farfan map. From Petrobras…
Belgium’s Exmar announced in its quarterly report that operator Pacific Rubiales Energy will delay start-up for the Caribbean FLNG project offshore Colombia, which was to be the first operational FLNG facility. Exmar said that Pacific…
SAExploration has won contracts for ocean-bottom marine seismic data acquisition services collectively valued at about US$45 million. The company expects to execute the projects during Q2 and Q3 2015, using ocean-bottom nodal seismic…