Oil & Gas Production: Latin America

SBM Offshore secures financing for Cidade de Saquarema

SBM Offshore has finalized project financing of FPSO Cidade de Saquarema for a total of $1.55 billion

FLNG capex to reach $58.3 billion to 2021

Capex for FLNG vessels is estimated by Douglas-Westwood to reach $35.5 billion during 2015-2021.

GLOBAL E&P

Oil and gas production from the world's deepwater fields will grow by 7.7% annually over the next seven years according to analyst Douglas Westwood, reaching 10.2 MMboe/d in 2021.

Sea Trucks to support Saipem FPSO modifications in Brazil

Sea Trucks Group has won its first contract in Brazil. Sea Trucks will provide accommodation support services to Saipem including lifting operations, storage support, and logistic support for modifications of an FPSO.

Petrobras faces struggle to meet revised production target, analyst claims

Analyst Douglas-Westwood says Petrobras’ “2015-2019 Business and Management Plan” reflects the new reality facing the company.

Latest Lula floater on station offshore Brazil

Petrobras’ newly-converted FPSO Cidade de Itaguaí is anchored in 2,240 m (7,349 ft) of water in the Iracema Norte area of the Lula field in the presalt Santos basin.

Perla gas field offshore Venezuela enters production

Repsol has started up the first producing well at the giant Perla field in the Cardón IV block in the Gulf of Venezuela.

Technip to engineer deepwater Libra FPSO topsides

Jurong Shipyard has awarded Technip a detailed engineering and procurement services contract for the Libra field FPSO topsides in the Santos basin offshore Brazil.

Petrobras may consider canceling two FPSO orders

Reuters reports the mayor of Rio Grande, Brazil, where the work is being done, has said the consortium building the FPSOs has asked for more cash and that could prompt Petrobras to call a halt.

Ultra-deepwater production set for steady growth, report claims

Analyst Douglas Westwood predicts oil and gas production from ultra-deepwater fields (>1,000m/3,281 ft) will grow 7.7% during 2015-2021.

Webcasts

Anadarko’s decommissioning of the first-ever cell spar in the Gulf of Mexico

The Red Hawk spar made history throughout its design life, commissioned and decommissioned as the first of its kind. Heralded as the first cell spa...

Offshore Design Optioneering using Cloud Computing

Cloud computing opens up to offshore engineering teams the opportunity to take advantage of almost unlimited computing power and data storage capab...

Falling oil prices and the offshore oil and gas industry: assessing the state of the market

The precipitous decline in oil prices has brought many areas of the oil and gas industry to a standstill. Yet while some sectors are feeling the pi...
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