Offshore South America News - page 121


Oil shows at delayed Falklands Humpack

Oct 16, 2015

Noble Energy has recorded oil and gas shows in the 53/02-01 Humpback exploration well, according to partner Falklands Oil and Gas (FOGL). The 53/02-01 well was drilled to 4718m with the oil and gas shows in the main target horizon and…

Repsol to cut spending, divest assets

Oct 15, 2015

In Repsol's 2016-2020 Strategic Plan, unveiled today, the company vowed to cut spending by 38% and divest US$7.1 billion (€6.2 billion) in non-strategic assets. The company said it expected to make half of those divestments in the next two years…

Petrobras hits further Libra pay

Oct 15, 2015

Petrobras announced a further hydrocarbon discovery at the giant pre-salt Libra field in the Santos basin, offshore Brazil. The Brazilian national said that well 3-BRSA-1310-RJS, in the central portion of the block, identified the presence of hydrocarbons in a low-porosity reservoir…

Petrobras inks $2 billion China leasing deal

Oct 13, 2015

Brazilian giant Petróleo Brasileiro (Petrobras) entered into a US$2 billion deal with the Industrial and Commercial Bank of China Leasing (ICBC) for a finance lease on two existing platforms. Image from Petrobras…

Brazil's 13th round flops

Oct 08, 2015

Brazil’s National Agency of Petroleum (ANP) held the 13th Bidding Round for exploratory blocks yesterday (7 October) that almost mirrored Mexico’s Round One, in that the ANP was only able to sell 37 out of the 266 blocks offered. Brazil's 13th round…

Ocean Rig weighs scrapping two semis

Oct 08, 2015

Due to continued challenging market conditions, Athens, Greece-based rig provider Ocean Rig announced that if no future work is found for two of its fifth generation ultra-deepwater semisubmersible rigs – the Eirik Raude and Leiv Eiriksson – they could be scrapped…

Pemex reports latest offshore incident

Oct 07, 2015

Mexican state owned company Pemex this morning announced it had evacuated the Sihil-A platform in the Bay of Campache, offshore Mexico, in the latest of a string of incidents offshore Mexico this year.  The firm said the measure was taken…

Petrobras cuts investments further

Oct 06, 2015

Petrobras has further revised down its investment plans for 2015 and 2016, opting to cut US$3 billion in spending in 2015, and $8 billion in 2016, the Brazilian state-owned firm announced on 5 October. In June, embattled operator approved a new five-year investment plan for 2015-2019…

Honeywell fiber to help secure Petrobras platforms

Oct 05, 2015

Honeywell's Spectra fiber will be used in ropes for new offshore oil and gas platforms for Petrobras, the company announced on 5 October. The high-performance fiber, also used extensively in body and vehicle armor, is being incorporated…

What’s in the car wash?

Oct 01, 2015

Operation Car Wash is the exposure of widespread corruption in Brazil following a federal police investigation into money laundering through a petrol station chain. The core element of this is how collaboration agreements between the accused…

Tackling the deep

Oct 01, 2015

Brazil’s deepwater offers huge opportunities, but also big technology challenges. The Industry Technology Facilitator’s Paddy O’Brien and Arthur Braqa explain. Images from ITF. Offshore…

Taking on Papa Terra

Oct 01, 2015

The safe installation of the first tension-leg wellhead platform offshore Brazil could pave the way for future similar developments, says DNV GL’s Mike Roberts and David Ryan. Chevron’s Papa Terra facility offshore Brazil…

Revised promises

Oct 01, 2015

Brazil will need to drill around 300 development wells in deepwater in order to sustain and reach its production target. Douglas Westwood’s Mark Adeosun takes a look at what is at stake. The Cidade…

Bringing Perla online

Oct 01, 2015

Shreeram Lom, Aaron Rampersad, and Juan Martínez, of Repsol, discuss the Perla field development, which came online offshore Venezuela in July. Fig. 1: Topside. Images from Repsol. The Perla field…

Innovation is the key to Brazil’s deepwater reserves

Oct 01, 2015

Today, deepwater reserves are a key part of the world’s oil and natural gas needs, accounting for roughly 11% of global production. Over the past five years, two-thirds of discoveries occurred in deepwater, and Brazil has been the preeminent site of this trend…

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