Karoon Gas Australia spudded its third well in the Santos basin drilling campaign, offshore Brazil. Map of the Santos basin, from Karoon. The Echidna-1 exploration well is located in exploration block S-M-1102…
BW Offshore signed an agreement with Petrorio for a one-year extension for the lease and operation of the FPSO Polvo. The firm period has been extended to 3Q 2016 (from 3Q 2015), with options until 3Q 2022. BW Offshore is operating the FPSO offshore Brazil…
Heather Saucier examines the effect of regional energy policies on Latin America’s rich untapped resources, estimated to be some 126 billion bo and 679 Tcf of natural gas, a large majority of which is offshore. Piñon…
Despite the recent memorandum of understanding (MOU) between Rosneft and Golar LNG, the former’s current gas strategy is narrowly focused on developing domestic reserves and initiating liquefied natural gas (LNG) projects in Russia, according…
Oil prices are set to rise on average US$10/bbl annually towards 2020, with global liquids supply and demand balancing out in around two years, according to Oslo-headquartered oil and gas consulting and business intelligence firm Rystad Energy…
Petrobras appointed Luciano Galvao Coutinho as chairman of the board after receiving Guido Mantega’s resignation on 26 March. Image of Petrobras headquarters. From OE Staff. Coutinho…
To meet the growing demands by operators for greater operational efficiency and public confidence in the integrity of offshore and onshore oil and gas structures, Lloyd’s Register Energy is increasing its structural engineering capabilities…
The oil and gas industry is responding to the low oil price environment with exploration budget cuts in 2015 which will average 30%, leading to suggestions that exploration activity could be significantly curtailed. However in an effort to drive value…
Wärtsilä inaugurated its first unit at Porto do Açu in São João da Barra (RJ), Brazil. This is the first assembly plant and production unit for generator sets and azimuth thrusters in Brazil for Wärtsilä. Covering 4000sq m of floor space…
Fugro took delivery of the Fugro Americas, a newbuild shallow draft survey vessel this month. The Fugro Americas. From Fugro. Custom designed to Fugro’s specifications, the vessel…
Adapting to current cost conscious market conditions was the recurring theme of the Aker companies'* open day for investors last week (17 March). Edvard Grieg at Stord yard. Photo from Kvaerner. It…
Imtech Marine is supplying a heating, ventilation and air conditioning (HVAC) system to the 6000-tonne Alba B3 greenfield compression platform, currently under construction for Marathon E.G. Production. To be located in Equatorial Guinea…
No hydrocarbons were intersected at Karoon Gas Australia’s Kangaroo West-1 offshore Brazil. Map from Karoon. The exploration well, located in exploration block S-M-1165, reached its planned total depth of 3170m…
US-exploration firm Anadarko Petroleum has awarded French geoscience outfit CGG a contract to acquire and process a 16,314sq km 3D seismic survey offshore Colombia. The survey will be the largest marine seismic program ever acquired in…
Petrobras started production from the P-61 platform at the Papa Terra heavy oil field, offshore Brazil, the operator confirmed on 16 March. The P-61 is a tension leg wellhead platform (TLWP), the first of its kind to be installed offshore…
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