Ouro Preto has cut its bid for two shallow water mature oilfield clusters from Brazil's state-run oil company Petroleo Brasileiro, flagging a drop in oil prices in recent months, three sources with knowledge of the matter said.Ouro Preto, a…
Although much of the hype surrounding the Brazilian oil and gas market is directed toward the Santos Basin pre-salt, recent and older pre-salt discoveries in existing areas and on recently-awarded blocks within Campos Basin offer significant…
McDermott International announced a large contract award by Petrobras for a natural gas pipeline project in support of the client’s Santos basin pre-salt field program.The contract covers the implementation of the ultra-shallow segment of the new Rota 3 gas export pipeline…
A range of cutting-edge technologies, including specialized drilling equipment, custom subsea systems and purpose built floating production storage and offloading (FPSO) units, help Brazilian national operator Petrobras and its partners tackle…
McDermott International announced that it plans to partner with the Italian oil and gas industry contractor Saipem S.p.A. to bid for NextDecade's planned Rio Grande LNG project in Brownsville, Texas.'Our joint bid with Saipem will feature optimized…
Engineering consultancy BMT and subsea technology company Sonardyne International have signed an agreement to provide integrated marine integrity monitoring solutions to the oil and gas industry.The official Teaming Agreement between BMT and Sonardyne…
Exxon Mobil Corp will focus on drilling and production in Brazil now that it has made extensive acquisitions of oil blocks in the country, the company's chief executive officer in Brazil, Carla Lacerda, said on Thursday.Exxon also sees new opportunities in Brazil's biofuels…
Engineering consultancy BMT and subsea technology company Sonardyne International Ltd. will together provide advanced integrated marine integrity monitoring solutions to the oil and gas industry under a new agreement announced today at the Rio Oil & Gas exhibition and conference in Brazil…
In Brazil, Keppel FELS Brasil Ltda (Keppel FELS Brasil) has been engaged by MODEC Offshore Production Systems (Singapore) Pte Ltd., part of the MODEC, Inc. group, to undertake the topside module fabrication and integration of the FPSO Carioca MV30…
Petrobras and ExxonMobil have signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities. The memorandum of understanding was signed in Rio de Janeiro today by Pedro Parente…
Sandvik presented its wide range of corrosion-resistant products including umbilical tubing, OCTG tubing, downhole control lines, hydraulic lines for drilling risers, tubing for sand screens, subsea piping material, welding products and slicklines…
Brazil has been a global leader in deepwater technology. If it can put its troubles behind, it has a real opportunity to be the world leader, says io oil & gas’ Ed Hernandez. International Olympic…
Amid Petróleo Brasileiro’s (Petrobras) largest net quarterly loss in its history of US$10.2 billion (36.9 billion BRL), the Brazilian giant also confirmed its biggest oil column discovery at its Libra field. Petrobras headquarters…
2015 was a transformative year for NCE Subsea, gaining GCE Subsea status. Now the world-class subsea cluster has a rock solid base to build on and grow out from. GCE Subsea overview. Image from GCE Subsea…
Russia's Rosneft and Venezuela's national oil and gas company Petróleos de Venezuela (PDVSA), agreed to establish a 50-50 joint venture to develop the offshore natural gas fields Patao, Mejillones and potentially Rio Caribe in Venezuela. Rosneft will serve as project operator…
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