Subsea 7 has posted a record backlog of US$10.4 billion for Q2 2013, with tendering continuing to be high into Q3. But profits were hit by a US$300 million loss provision on the Guará-Lula NE project, offshore Brazil. Jean Cahuzac…
Trinity Exploration & Production plc, an independent focused on Trinidad and Tobago, issued an update today on its upcoming exploration program. Trinity plans to spud two offshore exploration wells in 4Q 2013, one on the west coast (El…
Petrobras announced the results of the first extension well 3-SES-176D (3-BRSA-1178D-SES), also known as Farfan 1, located in the BM-SEAL-11 concession area, block SEAL-M-426, in the ultradeep waters of the Sergipe Basin. The results…
OGX Petróleo e Gás Participações S.A. (OGX)), received the Installation License to begin activities related to the development of oil production in BM-C-39 and BM-C-40 blocks, in the Campos Basin. The license was granted by the Brazilian…
A joint venture between DOF Subsea and Technip has been awarded contracts to build and operate four new pipelay support vessels (PLSV) for Brazil's Petrobras. Two of the PLSVs will have a 300-ton laying tension capacity and will be fabricated in Brazil…
Petrobras encountered oil in well 3-SPS-101 (3-BRSA-1179-SPS), in the Carioca Discovery Evaluation Plan area, block BM-S-9, Santos Basin pre-salt. The well, also known as Iguaçu Mirim, is located 303km off the coast of the state of São Paulo…
Estaleiro Enseada do Paraguaçu (EEP) has awarded ALMACO Group a contract for the complete living quarters on six drillships to be used in the Brazilian pre-salt ultra-deep layers drilling program. ALMACO’s scope includes the construction…
Inpex Corp.’s (INPEX) subsidiary, Teikoku Oil Co. Ltd., reached an agreement to transfer 30% of its participating interest in the Block 31 offshore Suriname, to UK-based E&P company, Tullow B.V., a subsidiary of Tullow Oil (Tullow). This…
Vallourec inaugurated a new research center in Rio de Janeiro, due to open in October. The center, located next to Petrobras’ CENPES, will focus on Vallourec’s pre-salt activities, with the support from Vallourec’s center in Belo Horizonte…
COOPER Valves, manufacturer of exotic and nickel alloy industrial valves, partnered with Industrial Logistics/LAVISA, a PVF supply and distribution company, in efforts to expand its exposure in Mexico, Central America, and South America.…
Halliburton opened its new Technology Center at the Federal University of Rio de Janeiro (UFRJ) Technology Park, located at Ilha do Fundão, Rio de Janeiro, Brazil. The center provides the setting for collaboration as the company works with…
The next few years could see major investments in Colombian waters and last year’s bid round has independents, NOCs, and majors heading to the country’s Caribbean shores. Colombia is South America’s fourth largest oil producer with 2 billion barrels of proved oil reserves…
Petrobras awarded FMC Technologies a $40 million contract to supply three subsea boosting stations for the Parque das Baleias development, located offshore Brazil's Espirito Santo state in the Campos Basin. 'The Horizontal Boosting Station…
Petrobras completed the drilling and formation test of the fourth exploratory well at Iara area, block BM-S-11, in the Santos Basin pre-salt. The results of this well 3-RJS-706 (3-BRSA-1132-RJS) have strengthened the potential of recoverable…
Subsea 7 will build and operate three, flex-ible, pipe-lay support vessels (PLSV) for Petrobras under three five-year contracts worth about US$1.6 billion. The contracts include project management, engineering and installation of flowlines…
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