Dutch provider of floating production systems to the international offshore oil and gas industry, SBM Offshore, has sold its previously demobilized FPSO Marlim Sul for recycling. SBM said in its 2017 half-year financial results this week that the FPSO, removed from the Petrobras-operated oil field, was sold for recycling and transferred off the balance sheet... Continue Reading →
Petrobras – Accumulation Discovery in the Pre-Salt Layer of Campos Basin
Rio de Janeiro, August 10, 2017 - Petróleo Brasileiro S.A. – Petrobras reports the discovery of oil accumulation in the Campos Basin’s pre-salt layer, in the area of Marlim Sul field. This is the first commercial discovery of oil in the pre-salt layer of the Marlim Sul area. The discovery occurred during drilling of well... Continue Reading →
Eni joins Siemens Subsea Power Grid JIP
Eni Norge, a Norwegian subsidiary of the Italian oil giant Eni, has joined the Siemens Subsea Power Grid joint industry program (JIP). Siemens said on Monday that its subsea department was developing a complete subsea power network with a group of partners, led by Chevron and including Statoil, Exxon, and Petrobras. Read more
SBM Offshore: Industry witnessing recovery
Dutch FPSO specialist SBM Offshore has raised the expected revenue forecast for the full year 2017 on the back of the gradual recovery seen in the oil and gas industry. “As expected, the industry is witnessing a gradual recovery. Although significant decreases in project break-even prices are making deep water more competitive, our clients remain... Continue Reading →
Suretank Brazil and Pinamak close partnership to transport chemicals to platforms
09/08/2017 Suretank Latin America has entered into a partnership agreement with Pinamak in the quest to reduce operating costs in transporting chemicals to offshore platforms in Brazil. The partnership between Suretank, a leading manufacturer of offshore chemical tanks, and Pinamak, an offshore logistics company with a long-term presence in the Campos Basin, marks a... Continue Reading →
Petrobras CEO: Pre-salt oil extraction costs $8 per barrel
Oil extraction in Brazil's promising pre-salt offshore wells costs about $8 per barrel, Petroleo Brasileiro SA Chief Executive Officer Pedro Parente said at an event in Sao Paulo on Tuesday. Discovered only 10 years ago, the pre-salt area has rapidly become the top priority for Petrobras and other oil majors holding exploration rights to some... Continue Reading →
Spanish Repsol indicates interest in the 14th round of bidding, says ANP
The oil company Repsol Exploración indicated interest in participating in the 14th Round of bidding for exploratory blocks of oil and natural gas in partnership with other bidders, the National Oil, Natural Gas and Biofuels Agency (ANP) said on Thursday. According to the regulatory agency, Repsol's areas of interest are in the Campos, Espírito Santo,... Continue Reading →
Scheduled shutdown of the P-58 platform in the Campos Basin is completed by Elfe
08/03/2017 Parque das Baleias in the Campos Basin. Petrobras held a scheduled 20-day shutdown on the P-58 platform, the largest unit of the oil company in production volume. According to technicians from Elfe, the company responsible for the shutdown, the services of improvements in the design of the platform were carried out successfully. The P-58 is installed in... Continue Reading →
Queiroz Galvão to start production in 2018
Thursday, 03 August 2017 Queiroz Galvão Exploration and Production (QGEP) plans to start its first deep-water oil production in early 2018 at the Atlanta Field, in the post-salt area of the Santos Basin. The delay in the project, according to QGEP CEO Lincoln Guardado, is due to the delay in the execution of the... Continue Reading →
ION in new reimaging program off Brazil
ION Geophysical Corporation on Tuesday announced a new 3D multi-client broadband reimaging program offshore Brazil. Supported by industry funding, the Picanha program provides a regional 3D framework that delivers fresh insights into the complex Campos and Santos basins’ petroleum systems ahead of upcoming license rounds, the company said. By using ION’s latest broadband processing and... Continue Reading →