Oil prices are set to rise on average US$10/bbl annually towards 2020, with global liquids supply and demand balancing out in around two years, according to Oslo-headquartered oil and gas consulting and business intelligence firm Rystad Energy…
Petrobras appointed Luciano Galvao Coutinho as chairman of the board after receiving Guido Mantega’s resignation on 26 March. Image of Petrobras headquarters. From OE Staff. Coutinho…
To meet the growing demands by operators for greater operational efficiency and public confidence in the integrity of offshore and onshore oil and gas structures, Lloyd’s Register Energy is increasing its structural engineering capabilities…
The oil and gas industry is responding to the low oil price environment with exploration budget cuts in 2015 which will average 30%, leading to suggestions that exploration activity could be significantly curtailed. However in an effort to drive value…
Wärtsilä inaugurated its first unit at Porto do Açu in São João da Barra (RJ), Brazil. This is the first assembly plant and production unit for generator sets and azimuth thrusters in Brazil for Wärtsilä. Covering 4000sq m of floor space…
Fugro took delivery of the Fugro Americas, a newbuild shallow draft survey vessel this month. The Fugro Americas. From Fugro. Custom designed to Fugro’s specifications, the vessel…
Adapting to current cost conscious market conditions was the recurring theme of the Aker companies'* open day for investors last week (17 March). Edvard Grieg at Stord yard. Photo from Kvaerner. It…
Imtech Marine is supplying a heating, ventilation and air conditioning (HVAC) system to the 6000-tonne Alba B3 greenfield compression platform, currently under construction for Marathon E.G. Production. To be located in Equatorial Guinea…
No hydrocarbons were intersected at Karoon Gas Australia’s Kangaroo West-1 offshore Brazil. Map from Karoon. The exploration well, located in exploration block S-M-1165, reached its planned total depth of 3170m…
US-exploration firm Anadarko Petroleum has awarded French geoscience outfit CGG a contract to acquire and process a 16,314sq km 3D seismic survey offshore Colombia. The survey will be the largest marine seismic program ever acquired in…
Petrobras started production from the P-61 platform at the Papa Terra heavy oil field, offshore Brazil, the operator confirmed on 16 March. The P-61 is a tension leg wellhead platform (TLWP), the first of its kind to be installed offshore…
Petrobras began early production at the deepwater Búzios field offshore Brazil. The Dynamic Producer. From Sembcorp Marine. Búzios is located in the Santos basin, about 200km off the coast of Rio de Janeiro…
Axa Engenharia Submarina Ltda. (AXA), a subsidiary of DeepOcean Group, has been awarded a contract for the provision of geo-hazard surveys on the Libra Field from Petróleo Brasileiro (Petrobras) led consortia, consisting of Shell Brasil Petróleo…
Chevron Brasil extended the contract for Skandi Salvador and IRM services for the remainder of 2015. The extension is a direct continuation of the current contract. The vessel has been operating for Chevron on the Frade oil field since delivery of the vessel in 2009…
Premier Oil spudded its first 2015 Falklands drilling campaign well, 14/15-5, using the Eirik Raude semisubmersible drilling rig on the Zebedee prospect on 6 March. The well, on license PL004b, will test a total of seven stacked fan bodies…
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