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Subsea 7 awarded contract extensions offshore Brazil

Subsea 7 awarded contract extensions offshore Brazil

July 21, 2017 No Comments

Subsea 7 has announced the award of contract extensions for three Pipelay Support Vessels (PLSVs) currently on long-term day-rate contracts offshore Brazil. The extensions have a combined value of approx. USD 250 million.  The firm contract periods for the Seven Waves, Seven Rio and Seven Sun will now end respectively in Q2 2021, Q3 2021 […]

CGG Wins Brazil Data Processing Contract

CGG Wins Brazil Data Processing Contract

July 20, 2017 No Comments

CGG announced the award by Petrobras of a contract to process the seismic data from a 3D Ocean Bottom Node (OBN) survey covering a full-fold area of 2180 km² in Brazil’s deepwater Santos Basin. This will be the largest node survey ever acquired and processed in the industry. The survey will be acquired by Seabed […]

Shell purchases deep-water production and storage vessel

Shell purchases deep-water production and storage vessel

July 13, 2017 No Comments

Shell Offshore, Inc. announces that its affiliate, Shell E and P Offshore Services B.V., will exercise a contractual right to purchase the Turritella floating, production, storage and offloading (FPSO) vessel from SBM Offshore. The vessel is contracted for the Stones deep-water development in the Gulf of Mexico, which began production last year. Shell and SBM […]

Seadrill rig Awarded contracts for exploration drilling in BM-S-8 license

Seadrill rig Awarded contracts for exploration drilling in BM-S-8 license

July 13, 2017 No Comments

Statoil secures drillship for exploration drilling in Brazil Statoil Brasil Oleo e Gas Ltda has awarded Seadrill rig contracts for exploration drilling in the BM-S-8 license in the Santos basin. The agreement includes two contracts: Seadrill Offshore AS will provide the drillship West Saturn and Seadrill Serviços de Petroleo Limitada will provide services on board. […]

Statoil strengthens position in Brazilian licence BM-S-8

Statoil strengthens position in Brazilian licence BM-S-8

July 12, 2017 No Comments

Statoil ASA and Queiroz Galvão Exploração e Produção (“QGEP”) have signed an agreement for Statoil to acquire QGEP’s 10% interest in the BM-S-8 licence in Brazil’s Santos basin. The additional 10% equity will increase Statoil’s operated interest in the licence from 66% to 76%. The total consideration for the transaction is USD 379 million BM-S-8 […]

Aker Solutions Announce Second-Quarter Results

Aker Solutions Announce Second-Quarter Results

July 12, 2017 No Comments

Aker Solutions delivered another period of strong execution on major projects globally in the second quarter of 2017 and made good progress on improvement efforts that supported margins. The company secured NOK 3 billion in orders, including a contract to deliver three umbilicals and equipment to ENI’s Coral South project and an order from Statoil […]

BP, Total risk oil spill

BP, Total risk oil spill

July 7, 2017 No Comments

A consortium of oil companies including BP and Total may be only a few weeks away from getting permission to drill for oil close to the barely explored Amazon Reef. Scientific experts have raised concern about plans to drill in the Amazon Mouth Basin, as the companies admit there is up to a 30% chance […]

U.S Supreme Court Denies Petition by Lawyer Behind Fraudulent Chevron Ecuador Lawsuit

U.S Supreme Court Denies Petition by Lawyer Behind Fraudulent Chevron Ecuador Lawsuit

June 20, 2017 No Comments

The United States Supreme Court has denied a certiorari petition seeking review of a decision by the U.S. Court of Appeals for the Second Circuit affirming extensive district court findings that a $9.5 billion Ecuadorian judgment against Chevron Corporation was the product of fraud and racketeering activity, and unenforceable in the United States. In 2014, […]

DEA opens office in Brazil

DEA opens office in Brazil

June 19, 2017 No Comments

DEA Deutsche Erdoel AG is stepping up its presence in South America. The German E&P Company opened an office in Rio de Janeiro and appointed a new General Manager for Brazil. Christoph Schlichter is responsible for evaluating market opportunities in the Brazilian upstream industry. DEA had already founded the subsidiary DEA Petróleo e Gás do […]

Production begins at newest FPSO in Brazil Santos Basin

Production begins at newest FPSO in Brazil Santos Basin

May 29, 2017 No Comments

Shell plc, through its subsidiary BG E&P Brasil Ltda. (Shell) and consortium partners in Lula South, announced that deep-water production has started at the FPSO P-66, which is located in the Brazilian pre-salt of the Santos Basin. Positioned in 2,150-metre water depth, the P-66 can process up to 150,000-barrels of oil and 6-million cubic meters […]

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