Offshore South America News - page 118


New CFO for Rockhopper

Feb 27, 2014

Falklands explorer Rockhopper Exploration has appointed Stewart MacDonald Chief Financial Officer, with effect from 10 March 2014. Prior to joining the Company, Stewart, who is 33, was a director in Rothschild's global oil and gas group…

Petrobras to drill offshore Colombia

Feb 26, 2014

Petrobras Colombia Ltd. will drill the Orca prospect in the Tayrona-1 (Tayrona Occidental) block off Colombia's Caribbean coast in 2Q 2014. The company will move a rig from Brazil to spud the Orca-1 exploration well in water about 600m deep off the Guajira peninsula…

Petrobras pre-salt output rises

Feb 25, 2014

On 20 Feb, oil production in fields operated by Petrobras in the Santos and Campos Basin pre-salt accumulations rose to 407,000bpd, a record daily output. It has taken eight years to achieve this level of output since initial discovery in 2006…

Sapinhoa well onstream

Feb 25, 2014

Well 9-SPS-77 is now online with a production rate of 33,000bpd, Petrobras announced. Another production well is set to start by the end of 1Q 2014. Located in the Sapinhoá oil field, Block BM-S-9 of the Santos Basin presalt area, the well is in around 2118m of water…

Floating production to reach $130B

Feb 25, 2014

Energy Maritime Associates (EMA) predicts US$130 billion will be spent on floating production units by 2018. A report by the Society of Petroleum Engineers said that continued expansion in the use of subsea production technologies, coupled…

i-Tech inks Petrobras contracts

Feb 20, 2014

Subsea 7 today announced through its i-Tech division two awards by Petrobras for remote intervention services with a combined value in excess of US$90 million. The contract scope is for the provision of two remotely operated vehicles…

Petrobras inks Helix deal

Feb 12, 2014

Houston-based Helix Energy Solutions is to provide Petrobras with well intervention services for a minimum four years, using two new-build vessels. The two new monohull vessels, being built at the Flensburger shipyard in Germany for Norway’s…

Activity OE February

Feb 11, 2014

GE Oil & Gas opens Brazilian logistics base With an area of 590,000sq. ft and investments that exceed US$100 million, GE’s base in Niteroi in the state of Rio de Janeiro was designed primarily to load and unload installer ships. These vessels carry heavy equipment…

Petrobras contracts offshore support vessels

Feb 07, 2014

The Executive Board of Petrobras approved contracts for eight support vessels for the company's offshore activities. These are part of the Third Fleet Renewal Plan for Offshore Support Vessels (Prorefam). In this fifth round, four vessels were contracted from the company Bram…

QGEP strikes big in Atlanta

Feb 06, 2014

Results of the first well drilled in the Atlanta post-salt oil field off Brazil were better than operator Queiroz Galvão Exploração e Produção (QGEP) and its partners anticipated, according to an announcement the Brazilian company made Wednesday…

Deepwater spend increasing worldwide

Feb 04, 2014

Douglas-Westwood has released its 12th World Deepwater Market Forecast (2014-2018), suggesting that deepwater spend will surge from 2016 onwards. Deepwater expenditure is expected to increase by 130%, compared to the preceding five-year period…

Premier CEO Lockett to resign

Feb 04, 2014

Premier Oil CEO, Simon Lockett, announced his plans to step down from the company once a successor can be found. Lockett's move follows Premier Oil's concept select decision on the Sea Lion development, a 394MM boe project, in 450m water depth…

Petrobras and Fiat sign research MOU

Jan 31, 2014

This Friday, 31 Jan, in Rio de Janeiro, Fiat Automóveis and Petrobras signed a memorandum of understanding to collaborate on research and development projects for innovative technologies and processes in the areas of fuels and motors. Teams…

Petrobras' pre-salt production sets company record

Jan 31, 2014

Petrobras announced that its total oil and natural gas production in Brazil in December 2013, was 2.362MMboe/d, up 0.8% on the 2.342MMboe/d extracted in November. Oil production averaged 1.964MMbpd, up 0.4% on November's production of 1.957MMbpd…

Shell selling BC-10 stake

Jan 29, 2014

Shell has agreed to sell a 23% stake in the Parque das Conchas (BC-10) project, offshore Brazil, to Qatar Petroleum International, for about US$1 billion. Shell will continue to operate BC-10, with a 50% working interest, and retains a significant upstream presence in Brazil…

Current News

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Enauta Gets Nod for New Atlanta Field Plan. Concession Extension Granted, Too

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Norway's April Oil Output Lags Forecasts by 10.6%

Norway's April Oil Output Lags Forecasts by 10.6%

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