Petroleo Brasileiro (Petrobras) is once again decreasing its capex by 25%, the company revealed as part of its 2017-2021 business and management plan today (20 September). Libra operations. Image from Petrobras…
Petrobras’ daily oil and natural gas production for the month of August totaled 2.84 MMboe, 2.72 MMboe of which was produced in Brazil and 0.12 MMboe was produced abroad. Brazil registered record oil and gas monthly production in August…
Shell has awarded the duo of Sulzer and FMC Technologies a subsea multiphase boosting pump contract to upgrade one of the pumping modules in the supermajor’s Parque das Conchas, a deepwater oil field off the coast of Brazil. Image from Sulzer…
Sonardyne has delivered an acoustic positioning simulator for dynamically positioned (DP) rigs and ships to GE Power Conversion, a vessel control and automation company, for their new training school in Macaé, Brazil. The Sonardyne Marksman…
Brazilian prosecutors have rejected the leniency agreement reached between SBM Offshore and Brazilian authorities in mid-July that could lead to a loss of US$12.7 billion. Image from SBM Offshore…
Diamond Offshore Drilling has said it is going to defend a move by Brazil’s Petróleo Brasileiro (Petrobras) to terminate its contract on the Ocean Valor semisubmersible early. The Ocean Valiant…
Shell, through its subsidiary Shell Brasil Petroleo, extended its contract with MODEC for operations and maintenance of the FPSO Fluminense, effective from August 2016 to December 2020. The FPSO has been operating in the Bijupirá and…
The market for floating production systems may have stalled, but FPSs will still be a key part of the offshore technology tool kit, outlines Douglas-Westwood’s Ben Wilby. The FPSO Cidade de Saquarema…
A number of key contracts were awarded in 1H 2016 in Brazil, pointing to a recovery of the local oil and gas sector. The Polvo FPSO (right) while docked at Keppel FELS shipyard. Photo from Keppel…
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…
The South American offshore market is back on the heat map, due to Exxon’s major Guyana discovery and Statoil’s interest in Brazil’s Carcará, says Rystad Energy’s Kjetil Solbraekke. Statoil took over as operator of the Peregrino field (FPSO pictured)…
Brazil’s senate has removed President Dilma Rousseff from office today (31 August) in a 61-20 vote, convicting her of breaking budget laws, and masking the extent of Brazil’s financial woes. Temer…
Norwegian giant Statoil and Brazilian giant Petrobras entered into a two-year memorandum of understanding (MoU) to strengthen cooperation between the two offshore Brazil. Statoil CEO, Eldar Sætre (left)…
Hansa Heavy Lift has transported five pipe racks and three modules, weighing a total of 1871.51-tonne and measuring 24,075cu m, for a new floating production storage and offloading (FPSO) unit, the P-67, due to be stationed off the coast of Brazil…
Seadrill has received a notice of termination from Pemex for the West Pegasus drilling contract, effective 16 August 2016. Seadrill says it has disputed the grounds for termination and is reviewing its legal options. During Q2 2015…