Eni and Repsol have signed a gas sales agreement with PDVSA and the Minister of Petroleum and Mines of Venezuela to develop the Perla gas field. 

Rockhopper Exploration says it is one well away from completing appraisal of its Sea Lion field in the offshore North Falkland basin.

When operators seek to develop oil reserves in deepwater areas, they often have to address the issue of finding the most cost-effective and environmentally friendly method of disposing and ideally monetizing the associated natural gas.

Gazprom has signed a Memorandum of Understanding with PDVSA, which could lead to a joint venture to develop the Robalo gas field in the Gulf of Venezuela.

BPZ Energy has issued contracts for fabrication, mobilization, and installation of a second platform at the Corvina field in block Z-1 offshore Peru.

Petrobras has received three design proposals for a floating LNG terminal to handle some of the natural gas produced from ultra deepwater presalt fields.

Rockhopper is looking at some form of floating platform as the likeliest option to produce its Sea Lion oil and gas discovery offshore the Falkland Islands.

Statoil Brasil Óleo & Gàs has awarded Technip a three-year frame agreement for offshore engineering studies.

Production from the Jubilee oil field offshore Ghana has increased to over 70,000 b/d from five wells, says operator Tullow Oil.