Reeled pipelay has normally been used in fully developed and matured offshore oil and gas field areas with close proximity to onshore support, onshore logistics, and with short offshore transit distance to onshore spoolbases for loading the pipeline stalks onto the reel…
Andrew McBarnet suggests that seismic permanent reservoir monitoring may soon be seeing a new wave of interest if not an increase in projects. It seems like forever that people in the E&P business have been talking about a digital oilfield…
E&P companies are ramping up exploration of deepwater and ultra-deepwater reservoirs, encouraged by attractive oil prices. New developments spread across offshore Africa, Asia Pacific, Europe, Middle East and North and South America. Jeannie…
ANP, Brazil's National Petroleum Agency, announced the winners of its 11th Licensing Round - the first round since 2008, which was held on 14 May 2013 in Rio de Janiero. The agency said there was record interest in the round with 39 companies from 12 countries participating…
As subsea projects continue to increase in size and complexity, they are also more frequently executed in deepwater and harsh environments. As well as having the vessels and ROVs with the capabilities to execute the scopes, and the expert…
Brazil's Petrobras awarded Toyo Engineering Corp. affiliate, Estaleiros do Brasil Ltda. (EBR), an EPCI contract for its P-74 FPSO, Toyo announced on 13 May 2013. The contract was awarded by Petrobras Netherlands BV. The scope includes…
Petrobras announced the discovery of good quality oil in the Transfer of Rights area referred to as Entorno de Iara, in the Santos Basin pre-salt region. Well 1-BRSA-1146-RJS (1-RJS-711), known as Entorno de Iara 1, is located at a water depth of 2…
Brazilian independent OGX Petróleo e Gás Participações S.A. (OGX), has entered into an agreement with PETRONAS Brasil E&P Ltda (Petronas) to sell a 40% non-operating work interest in BM-C-39 and BM-C-40 blocks, located in the Campos Basin…
HRT Oil & Gas Ltda will purchase BP's 60% stake in the Polvo oil field, located 100km off Rio de Janeiro's coast, for US$135 million, the supermajor announced on 6 May 2013. BP said it expects the deal to close by 2H 2013, pending regulatory approvals…
Tendeka, the provider of completions systems and services to the upstream oil and gas industry, today announces plans to significantly grow its North and South American market presence by promoting its full portfolio of complementary completions products and services in the region…
Falklands exploration firm Falkland Oil & Gas (FOGL) has said it will be continuing its 3D seismic acquisition campaign and looking for drilling targeting for exploration drilling in the second half of this year. The firm's 3D seismic programme is covering more 10…
Saipem has been awarded new E&C Offshore contracts in Latin America with a total value of approximately $500 million. In Venezuela, Saipem signed with Cardon IV, a 50/50 joint-venture between Eni and Repsol, T&I contracts for the development of the Perla EP Project…
FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands is pleased to provide the following operations update with respect to the ongoing 3D seismic operations. The…
The FPSO market appears to be emerging from the economic downturn stronger than ever, with new project awards and forecasted capital expenditure expected to gain momentum throughout the next five years. While challenges certainly remain…
FPSO Cidade de Itajaí Petrobras began producing at Baúna field, in the southern Santos Basin, off Brazil. The FPSO Cidade de Itajaí, which arrived at the field in December, was connected to well 9-SPS-88. That well is estimated to produce up to 12…