Norwegian part-state owned oil giant Statoil and Brazilian state oil firm Petrobras have agreed a deal which will see Statoil acquire Petrobras’ 66% operated interest of the BM-S-8 offshore license in Brazil’s prolific Santos basin. The US$2…
Independent explorer Tullow Oil has returned to a profit and is looking forward to first production on its TEN project offshore Ghana next month, on schedule, and focusing its exploration efforts on South America. TEN, a floating production…
SapuraKencana’s wholly-owned subsidiary, SapuraKencana Mexicana has been awarded a contract worth approximately US$113 million from Pemex. The contract is for the procurement and construction of a 36in, 18km-long sour gas pipeline (KMZ…
Norway-based geoscience firm Spectrum started a 15,000km multi-client 2D survey offshore Brazil in the Santos and Campos Basins. The new acquisition program is an outboard extension of Spectrum's 2012 Santos Campos Phase 1 survey, and will tie other programs in the Santos…
SBM Offshore and Petróleo Brasileiro (Petrobras) will resume normal business relationships after a US$163 million settlement agreement over allegations relating to the Lava Jato scandal was reached amongst the Dutch floating production specialist firm and Brazilian authorities last week…
SBM Offshore shows its fleet of floating production and storage offloading (FPSO) vessels and operations offshore Brazil, in particular its Brasa yard in Niteroi (near Rio de Janiero). OE profiled the yard in 2013. The company’s latest FPSO…
Petrobras has started production from the Cidade de Saquarema floating production and storage offloading (FPSO) unit on the giant Lula field, offshore Brazil. Cidade de Saquarema, from SBM Offshore…
Prosafe has signed contract amendments and an extension with Petrobras which will see the Brazilian oil firm switch out the semisubmersible accommodation vessel Safe Eurus for sister vessel Safe Notos. Safe Notos was already due to start a contract with Petrobras…
Enap Sipetrol Argentina has awarded Sea Trucks a contract for a pipelay construction project for the PIAM Project in the Magallanes Field, offshore Argentina. The scope of work covers engineering, project management and installation of three pipelines of various sizes ranging from 6-14in…
Petróleo Brasileiro (Petrobras) is offering nine shallow water fields located in the states of Ceará and Sergipe, in a competitive process. Image from Petrobras. The Brazilian…
Laden by corruption scandals and falling oil prices, Petrobras is struggling to repay US$130 billion worth of debt – nearly $24 billion will mature by 2017. Efforts to sell non-core assets (pipelines, power plants, bonds etc.) have been slow…
New drilling results at ExxonMobil’s Liza discovery offshore Guyana are revealing the potential of recoverable resources to be up to 1.4 billion boe. Image from Exxon Twitter. The…
Lloyd’s Register (LR) has extended rig integrity support for the Deepwater Invictus drilling rig. The company’s expertise in blow-out preventors (BOPs) and rig integrity will be used to provide confidence in how risk is managed for deepwater drilling and well exploration…
Keppel Offshore & Marine (Keppel O&M) subsidiary Keppel FELS Brasil SA's BrasFELS shipyard has recently completed the integration and completion works on a floating production storage and offloading (FPSO) unit for Modec Offshore Production Systems (Singapore) Pte…
UK-based engineering firm Wood Group has been awarded a multimillion dollar contract to provide detailed engineering and design, and procurement services on the development of the Peregrino field wellhead platform C, offshore Brazil. Wood…
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