Brazilian drilling contractor Odebrecht Oil & Gas (OOG) announced that Roberto Simões will take over as the company CEO. Simões has been VP at Odebrecht since 2012, replacing Roberto Ramos. Odebrecht SA incorporated Odebrecht Óleo e Gás in 2006…
Dutch floating platform leaser SBM Offshore NV will not participate in the upcoming Petrobras Tartaruga Verde and Libra tenders, the company announced 12 June, adding that the decision resulted from conversations held between the two giants on 28 May…
Brazil's desire to fast-track development of the huge Libra pre-salt discovery will require flexibility in enforcing local content regulations, CEO Oswaldo Pedrosa of Pré-Sal Petróleo S.A. (PPSA), the new state-owned company representing Brazilian national interest in pre-salt ventures…
Representatives from China National Petroleum Corp. and Shell met on 8 April 2014 to sign global cooperation agreements. CNPC Chairman Zhou Jiping met with Shell CEO Ben van Beurden in Beijing where the pair signed agreements covering both company's unconventional resources…
For Brazil’s first pre-salt auction, new production sharing rules changed the playing field, attracting fewer, but more substantial bids. Brazil auctioned its first pre-salt field, Libra, back in late October. Libra, located in Block SS-AUP1…
Shell quits Alaska: Royal Dutch Shell will discontinue its 2014 plans for drilling offshore Alaska. Shell’s U-turn on Alaskan drilling follows a profit warning and a court judgment, raising “substantial obstacles” to the company’s plans for drilling in the Chukchi Sea…
Drilling operations will begin in 2H 2014 on two wells in the giant Libra field off Brazil following approval of the field’s 2014 working and investment plan. The Brazilian national Petróleo Brasileiro S.A. (Petrobras), along with Pré-Sal Petróleo S…
Shell has agreed to sell a 23% stake in the Parque das Conchas (BC-10) project, offshore Brazil, to Qatar Petroleum International, for about US$1 billion. Shell will continue to operate BC-10, with a 50% working interest, and retains a significant upstream presence in Brazil…
In recent years, the oil and gas sector has focused heavily on exploration in frontier regions, seeking new opportunities in areas previously underexplored. However, given the competitive landscape, opportunities in more mature areas have also captured the industry’s interest…
CGG surveys GOM for Pemex CGG has been selected to carry out a large high-end seismic acquisition survey in the Gulf of Mexico on behalf of Pemex. The survey, in Mexican waters, is phase 5 in Pemex’s Centauro program, the largest ever…
The consortium comprised of Petrobras, Shell, Total , CNPC and CNOOC secured the right to develop Brazil’s Libra block at the single-bid auction held in Rio de Janeiro on October 21. The Libra block is located in the Santos Basin ultra deep waters in the pre-salt polygon…
A consortium of companies, including Royal Dutch Shell plc, Petrobras, Total, CNPC and CNOOC, won today a 35-year production sharing contract to develop the giant Libra pre-salt oil discovery located in the Santos Basin, offshore Brazil. The Brazilian regulator…
On Oct.1, Brazil's National Petroleum Agency (Agência Nacional do Petróleo, ANP) said that 11 companies were registered and qualified to bid for pre-salt licenses at the upcoming Santos basin auction. The ultra-deepwater Libra field is estimated…
A partnership between companies is a lot like a marriage: some are good, some are strained. That was the tenor of a Wednesday morning panel discussing perspectives on E&P in the South Atlantic that included operators Petrobras, Total, Shell…
By Thom Payne, Douglas-Westwood Singapore Last week’s auction for production rights to Brazil’s 12 billion bbl Libra field has dominated industry headlines. However, despite years of media and market analyst hyperbole the scale of Petrobras’…
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