Petrobras expects pre-salt production to account for 50% of its total production by 2020, Carlos Tadeu Fraga, Petrobras’ general manager for pre-salt E&P told attendees at Rio Oil and Gas 2014 on Wednesday. Fraga (pictured) stepped in…
US-based explorer Noble Energy has lined up a string of prospects in the Falklands with prospective resources totaling up to 1.6 billion barrels of oil. The firm has been assessing 2D seismic and new 3D datasets in the south and east Falkland basin…
Maersk Drilling is selling its drilling barge activities in Venezuela to Barrystar Holding, an investment company based in Panama. The activities, registered in the company Maritime Contractors Venezuela (MCVSA), comprise the ownership…
The Cidade de Ilhabela floating production storage and offloading unit (FPSO) sailed from the Brasa shipyard on 15 September, marking the first FPSO to be integrated at Brasa’s quay number two. The departure of the FPSO is a milestone for 2-year-old Estaleiro Brasa (shipyard)…
If the expected increase in Brazilian oil production continues, Brazil will become a crude oil exporter by 2018, with a forecasted export volume of between 1.5-2MMb/d, Magda Chambriard, General Manager of the ANP (Brazil's National Petroleum Agency)…
The outlook for the deepwater and ultra deepwater market is positive, with a forecast capital growth rate of around 8% between 2014 and 2018, according to Infield Systems Ltd.’s deepwater and ultra deepwater report. Infield Systems anticipates…
Petrobras awarded Aker Solutions' subsidiary Aker Oilfield Services (AKOFS) a US$465 million contract to provide subsea intervention services offshore Brazil. The five-year contract slated to begin in 4Q 2016 is for the Aker Wayfarer subsea construction vessel…
Petrobras awarded Electromagnetic Geoservices ASA (EMGS) a US$5.5 million contract for 3D EM data acquisition in Brazil. EMGS says all necessary permits are in place and the start-up of acquisition will be as soon as possible. The survey will be done using the vessel EM Leader…
BP Trinidad and Tobago (BPTT) awarded Technip an engineering, procurement, installation and commissioning lump sum contract for the development of the Juniper project, off the southeast coast of Trinidad. BPTT announced the sanction of the Juniper offshore project in August…
Norway's Statoil and Nicaragua's DNP-Petronic signed a cooperation agreement for future oil and gas activities offshore Nicaragua's Pacific coast, it was announced on 3 September 2014. Statoil says that the consortium (Statoil and…
Venezuelan President Nicolas Maduro announced a restructuring of state oil company PDVSA, replacing Rafael Ramirez with Eulogio del Pino. Del Pino, former exploration and production chief, will take the reigns as the new president of the Venezuelan state oil company…
Tenaris is now the sole owner of Socotherm Brasil, having bought out Socotherm America's 50% share. The Socotherm Brasil coating facility, located beside the Confab welded pipes mill in Pindamonhangaba, São Paulo, was previously managed in partnership by Tenaris and ShawCor…
Statoil moved to increase its presence offshore Colombia through two farm-in agreements with Spain’s Repsol, the Norwegian explorer announced on 4 September 2014. Statoil will acquire a 10% stake in the Petrobras-operated Tayrona…
In order to expand its Brazilian business, Polarcus has teamed up with Sinergeo for the management of Polarcus do Brazil in Rio de Janeiro. With the addition of Marcelo Fonseca and Marcos Gallotti to the company’s management team, Polarcus…
Vard Holdings Ltd. awarded Houston-based Forum Energy Technologies (FET) a contract for eight remotely operated vehicles (ROV) systems. FET will supply eight Perry XLX 150HP work-class ROVs that will be mobilized on four new-build pipeline…
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