Baker Hughes Inc. issued its international rig count that showed 1251 rigs operating worldwide in March 2015 outside of the US and Canada. Unsurprisingly, global rig counts have dropped significantly due to an approximate 50% drop in crude oil prices since 2014…
Huisman officially opened their new production facility in Navegantes, Santa Catarina state on 16 April 2015, in the south of Brazil. The facility is used for the manufacturing of offshore equipment for the Brazilian market. It is located along the Itajai-Açu river…
Houston-based BPZEnergy says it has started a reinterpretation of all Albacora well and seismic data after finding no oil in its latest well on the offshore Peru field. The firm is currently operating under provisions of Chapter 11 of…
Colombia yet again made another push this year at IHS CERAWeek in Houston to alert the oil and gas industry that not only is the South American country open for business, like that of its northern competitor Mexico, but that it is willing…
After four months of preliminary work alongside, FPSO Petrojarl I moved on 16 April 2015 into Damen Shiprepair Rotterdam’s 307m long x 47 m wide dry dock no 8 for work to the hull. In all, the vessel will spend a year at DSR before heading off to the South Atlantic…
Royal IHC named and launched the Sapura Jade pipelaying vessel in a ceremony at the company’s shipyard in Krimpen aan den IJssel, The Netherlands. Image from Royal IHC. The naming…
The Schahin Group filed for bankruptcy for its engineering unit as it seeks protection from creditors, according to news agency Bloomberg. Schahin holds 28 diversified companies and about US$2.12 billion in debt. However, Schahin’s oil and…
Karoon Gas Australia confirmed a 213m gross oil column at its Echidna-1 well offshore Brazil. The Olinda Star. From Karoon. The exploration well is located in the Santos basin…
2015 may well be remembered as the year when natural gas truly announced itself as the major energy fuel source. With the announcement that Shell is targeting a US$70 billion deal for BG Group, and in doing so increasing their current LNG capacity to around 33 million tons per annum…
Petrobras completed the formation testing on well 3-BRSA-1286-SES, located in concession BM-SEAL-11, in ultra-deep waters of Sergipe-Alagoas Basin, offshore Brazil. Drilling activities have confirmed two light oil and gas bearing compartments…
UK-based engineering firm Plexus secured its first contract with Cardon IV, a gas license granted by the Ministry of Petroleum and Mines of Venezuela to Eni and Repsol. The contract covers the supply of mudline suspension equipment services for a development well offshore Venezuela…
Petrobras awarded Subsea 7 a two-year US$200 million contract for continued use of its Seven Seas construction and flex-lay vessel for the installation of flexible lines. The contract work scope will be similar to that of other Subsea…
Karoon Gas Australia made a discovery at the Echidna-1 exploration well, the third in the Santos drilling campaign, offshore Brazil. Image from Karoon. According to the Australian company…
Houston-based BPZ Energy, that is currently under chapter 11 protection, is suspending its Corvina CX15-9D well offshore Peru after failing to produce oil. Map from BPZ. The well…
UK-based Falklands explorer Premier Oil has spudded its second 2015 exploration campaign well in the north Falklands basin. The Eirik Raude. From Ocean Rig. If successful, the 14/20…