Offshore South America News - page 120


Rosneft, PDVSA enter offshore agreements

Jul 30, 2014

Rosneft and PDVSA entered into a cooperation agreement to implement offshore projects in the Rio-Caribe and Mejillones blocks, which is phase II of the Mariscal Sucre project. Both companies expressed interest to reach an agreement on key technical requirements…

Archer secures Peregrino extension

Jul 25, 2014

Statoil's Brazilian business unit has exercised the first of two options to extend its contract with Archer for the provision of platform drilling management services on the Peregrino field development. The original contract was for a fixed four-year term…

Petrofac announces new VP

Jul 24, 2014

Pedro Vergel joins Houston-based Petrofac Training Services (PTS) as vice president of the Western Hemisphere for Petrofac Training, a newly-created role. Vergel will be responsible for PTS operations in Europe and the Americas as the…

Repsol, partners win license off Colombia

Jul 23, 2014

Colombia's National Hydrocarbons Agency (ANH) received bids from four companies for just five of 19 offshore areas offered in its 2014 licensing round. Spains's Repsol, as operator, was awarded the COL4 license, in the Caribbean Sea, with partners Statoil and ExxonMobil Exploration Colombia…

Odebrecht Oil & Gas names Simoes new CEO

Jul 22, 2014

Brazilian drilling contractor Odebrecht Oil & Gas (OOG) announced that Roberto Simões will take over as the company CEO. Simões has been VP at Odebrecht since 2012, replacing Roberto Ramos. Odebrecht SA incorporated Odebrecht Óleo e Gás in 2006…

Odebrecht founder dies

Jul 21, 2014

Norberto Odebrecht, who founded one of Latin America’s largest engineering companies, Odebrecht, died Saturday of heart failure in Salvador, Bahia, Brazil. The founder and honorary chairman of the Odebrecht Group, built a successful business with a 70-year history…

Guyana offshore exploration faces setbacks

Jul 19, 2014

Guyana's government information agency (GINA) reported that Minister of Natural Resources and the Environment Robert Persaud said that offshore exploration in areas being contested by neighbouring Venezuela is facing “some setbacks”. Responding…

Trinity acquires Centrica interest

Jul 18, 2014

Trinidad and Tobago’s Trinity Exploration signed an agreement with Centrica to acquire the British company’s 80% interests in two offshore blocks. Valued at approximately US$23 million, blocks 1a and 1b are located offshore the west coast of Trinidad…

Petrobras' Graça Foster to be honored

Jul 17, 2014

For the first time ever, a female Brazilian engineer will receive the highest global petroleum engineering award, presented by the Society of Petroleum Engineers (SPE), Petrobras announced on 17 July. Petrobras CEO Maria das Graças Silva…

Repsol hits oil at Teak B, off Trinidad

Jul 15, 2014

Repsol announced a new hydrocarbon discovery in the TB14 well at the Teak field, off the southeast coast of Trinidad. The discovery in the northern part of the Teak B field is estimated to contain more than 40MMbo in place, which increases…

Karoon Gas contracts Olinda Star

Jul 14, 2014

Karoon Gas Australia Ltd. reached an agreement with QGOG Constellation S.A. to contract the semisubmersible drilling rig Olinda Star. The contract includes the drilling of up to four wells offshore Brazil, in Karoon’s S-M-1037, 1101, 1102…

BHI international rig count for June 2014

Jul 11, 2014

Baker Hughes issued the June 2014 international rotary drilling rig count this week, showing a total of 1344 rigs operating outside the US & Canada in June. International activity was down 6 rigs from the 1350 rigs drilling in May 2014…

New Premier CEO gives update

Jul 11, 2014

On 25 June, London-based Premier Oil plc announced the appointment of Tony Durrant as Chief Executive Officer. Durrant joined Premier in June 2005 and has served as Finance Director of the company for nine years. Prior to joining Premier…

AMEC confirmed for Sea Lion TLP

Jul 11, 2014

Engineering and project management group AMEC has been awarded the front end engineering and design contract for a tension leg platform for Premier Oil's Falklands Sea Lion development.  AMEC will be responsible for the design of the 30…

Maersk Oil backs out of Brazil

Jul 09, 2014

AP Moller-Maersk subsidiary Maersk Olie og Gas (Maersk Oil) will take a US$1.7 billion impairment on its Brazilian assets, it announced 9 July. The Danish company specifically cited disappointing appraisals as one of the reasons it has “revised…

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Brazil: Manati Field Output Interrupted Due to Low Gas Demand

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