Brazil
Saudi Aramco at FEED for three shale gas projects Saudi Aramco is preparing to award front end engineering and design (FEED) contracts to develop shale gas reserves as pilot projects in three different basins of Saudi Arabia. Despite all the challenges to implement the hydraulic fracturing techniques in Saudi Arabia, the Kingdom is keen to […]
Sete Brasil secured financing for nine first drilling ships Sete Brasil Participacoes SA (Sete Brasil) secured $3.7 billion loan to finance the first series of nine drilling rigs out of its $20 billion capital expenditure program for the construction of 29 rigs required by Petroleo Brasileiro (Petrobras) to develop the pre-salt crude oil in the […]
Giant Pao de Acucar in Block BM-C-33 reaches FEED The giant discovery Pao de Acucar and its adjacent fields, Seat and Gavea, are reaching the front end engineering and design (FEED) stage to develop the prolific Block BM-C-33 pre-salt in the ultra deep water of the Campos Basin offshore Macae, in the State of Rio de […]
Petrobras on the pace to tender two FPSO per year The Brazilian national oil company (NOC) Petroleo Brasileiro SA (Petrobras) is ready to publish next week the call for tender to charter a new floating production storage and offloading (FPSO) vessel for the development of the Tartaruga Verde and Tartaruga Mestica oil fields offshore the […]
Petrobras to prepare FEED tender for first GTL FPSO After years of feasibility studies and tests, Petrobras is readying to move on the first gas-to-liquid (GTL) floating, production, storage and offloading (FPSO) vessel ever made in the world to stop flaring the associated gas released from the production of the pre-salt crude oil offshore Brazil. […]
Total made final decision to develop Incahuasi gas field The French major company, Total and its partners, Gazprom from Russia and Tecpetrol de Bolivia (Tecpetrol), made the final investment decision (FID) to develop the gas and condensate discoveries from Incahuasi in Bolivia. In a country where the production of natural gas is historically dominated by […]
Brazil Key Projects and Highlights In 2012, Brazil and its flagship, Petróleo Brasileiro S.A. (Petrobras), had to face a reality regarding their capacity to deliver on time all the fleets of drilling ships, exploration and production floating units and services vessels in respect with the local content requirements. Awarding contracts to shipyards not yet even built […]
Angola Key Projects and Business Highlights After a first wave of exploration and production of conventional oil and gas offshore fields, the major companies such as BP, Chevron, Cobalt International Energy Company Inc. (Cobalt),Eni, ExxonMobil, Galp Energia, Maersk, Petrobras, PetroChina (CNPC), Statoil and Total come back to Angola with major projects to replicate the lessons learnt from the Brazilian […]
