Subsea 7 today announced the award of a contract worth in excess of U$350 million from Petrobras. The contract is for the operation of the pipelay support vessel (PLSV) Kommandor 3000 on a day-rate basis for five years. Kommander 3000…
Petrobras announced that in February 2013 total production of oil and natural gas in Brazil reached 2,316 thousand boe/d. Including the share operated by the company for its partners, total volume produced was 2,414 thousand boe/d, This volume corresponds to a 2…
Pacific Rubiales Energy Corp. opted to acquire a 35% interest in Block S-M-1166 held by Karoon Gas Australia Ltd. through the funding and participation in the Bilby-1 exploration well, in the Santos Basin off Brazil.Click to view larger…
Aberdeen-based subsea marine equipment rental firm Seatronics, an Acteon company, completed the startup phase of its new facility in Macaé, Rio de Janeiro. The center will serve as an office, workshop and warehouse facility for sales, rental…
Rune Eng, president and CEO, provides the answers to why Spectrum is emerging as a key player in the market for multiclient marine seismic surveys and where the company is heading with its business. Before joining Spectrum in 2010 Rune…
WPG Group initiated the acquisition of 2D and 3D surveys last month in Ecuador’s transition and shallow water zones for the State Sevmorgeo Company (SMG). SMG is utilizing Fairfield Z700 oceanbottom nodes in combination with portable sources provided by WPG.
Commercial production began at Sapinhoá field in January. Located in block BMS9 in Brazil’s presalt region, the first producing well, Guara1, was connected to the FPSO Cidade de São Paulo. Guara1 has a potential production rate of 25,000b/d…
Olso-based Aker Solutions and Houston-based FMC Technologies Inc. have both announced today major subsea contract deals with Petrobras in connection with the Brazilian NOC's pre-salt fields.(Image: Aker Solutions)Aker Solutions signed a new…
In his opening address, Subsea UK CEO Neil Gordon said that the global subsea market was set to double from £20 to 40 billion over the next fi ve years. The big challenge for Subsea UK and for the subsea UK industry was how to retain one-third of that market and grow its global share…
Wood Group PSN (WGPSN) is delivering operations and maintenance services to Chevron's offshore production facilities under a new $17.5 million (USD) contract. La Guajira map (Image: Ecopetrol)Wood Group PSN will provide services to Chevron's two offshore platforms (Chuchupa A and B)…
The BOA Galatea will today complete the multi-client program in the Ceara area in northern Brazil. BOA Galatea (Photo: EMGS)The vessel will immediately after a scheduled port call mobilise for a multi-client program covering approximately 8000…
Wärtsilä will set up a new fully-owned manufacturing facility in Brazil to meet the increasing market demand, particularly in the offshore market. Wärtsilä’s investment in the new facilities is approximately EUR 20 million.Wärtsilä Auxpac…
PetroJunín, joint venture formed by PDVSA (60%) and Eni (40%), has started production from the Junín-5 giant heavy oil field, located in the Faja del Orinoco, the area with the largest untapped hydrocarbon reserves in the world. The block is…
North Sea offshore investment is reaching all time highs but there is limited capacity to invest to meet demand, according to a speaker at today's annual NOF Energy conference.Specialist Isabel Boira-Segarra of consultancy EC Harris, was speaking at the Energy: A Balanced Future event in Newcastle…
Subsea 7 has announced the award of three contracts with a combined value in excess of US$300 million from Petrobras. The work includes the installation of flexible lines by the Seven Seas, under two lump-sum contracts and one day-rate contract…