Latin America Offshore Regional Report

Latin America Offshore Oil & Gas News

Bahamas moves closer to Petroleum Act

The Bahamian House of Assembly is reviewing a Petroleum Bill and associated regulations and a Sovereign Wealth Bill. 

ExxonMobil finds oil in deepwater off Guyana

Exxon Mobil Corp. (NYSE:XOM) has made a significant oil discovery on the Stabroek block about 120 mi (193 km) offshore Guyana. 

Petrobras gets second of three newbuild AHT vessels

DOF ASA has delivered the Skandi Angra to its eight-year contract with Petrobras. 

Drilling & Completion

ExxonMobil finds oil in deepwater off Guyana

Exxon Mobil Corp. (NYSE:XOM) has made a significant oil discovery on the Stabroek block about 120 mi (193 km) offshore Guyana. 

Premier to investigate oil shows in latest Falklands well

Rockhopper and Falkland Oil and Gas Ltd. have both issued updates on the semisubmersible Eirik Raude’s progress following its re-entry of the Isobel Deep exploration well in the North Falkland basin.

Eirik Raude resumes drilling offshore Falklands

Rockhopper Exploration plc (AIM: RKH) says exploration drilling has re-started offshore the Falkland Islands.

Field Development

BP awards Trinidad and Tobago fields support contract

BP has awarded Massy Wood Group a five-year contract valued at up to $250 million to service the company’s operations offshore and onshore Trinidad and Tobago.

BG to retain rights to Rosetta offshore Egypt

BG Group has issued an update on its first-quarter offshore activities.

 

New CEO navigates company through sea of change

The current down cycle in the oil and gas industry offers a period of time for many companies to reassess their portfolios. Many believe that capex growth will continue to be impacted in the low oi...

Subsea

Proserv starts delivery of subsea controls to Brazil

Proserv has completed the first phase of its $40-million contract to provide subsea controls in Brazil. 

Offshore Brazil pipeline leak shuts down four offshore production platforms

Petrobras has shut down four platforms following detection of a leak in the subsea pipeline connecting the platforms. 

First SLWR riser deployed for Santos basin well

Petrobras set a new record last month for production from fields in the pre-salt layer of the Santos and Campos basins.

Geology & Geophysics

Chariot, AziLat cancel Brazil farm-out plans

Chariot Oil & Gas Ltd. (AIM: CHAR) has terminated a farm-out agreement with AziLat Ltd. on the BAR-M-292, BAR-M-293, BAR-M-313, and BAR-M-314 licenses in the Barreirinhas basin offshore Brazil.

PGS starts 2D seismic survey offshore Mexico

Petroleum Geo-Services ASA has started a multi-client 2D seismic program offshore Mexico. 

Borders & Southern tracks oil, gas condensate potential offshore Falklands

Borders & Southern has issued a technical update on its Darwin gas/condensate discovery south of the Falkland Islands and near-field prospectivity.

Pipeline & Transportation

Offshore Brazil pipeline leak shuts down four offshore production platforms

Petrobras has shut down four platforms following detection of a leak in the subsea pipeline connecting the platforms. 

Subsea 7 wins offshore Brazil flex-lay extension

Petrobras has awarded Subsea 7 a two-year, $200-million contract to install flexible lines for various projects offshore Brazil.

QGEP contracts McDermott for SURF on deepwater Atlanta early production system

McDermott International Inc. (NYSE:MDR) and a consortium partner have won the SURF engineering, product supply, and installation scope for the Atlanta early production system in the Santos basin of...

Production

Petrobras reports another presalt production record

Petróleo Brasileiro S.A (Petrobras) has reported its presalt production from the offshore Santos and Campos basins has set a new daily production record of 800,000 b/d.

Wood Mac predicts presalt production growth will alter processing markets

“Mega-projects” offshore Brazil and Norway will add 3.89 MMb/d of crude oil supply from the Atlantic basin by 2025, predicts Wood Mackenzie. 

BG to retain rights to Rosetta offshore Egypt

BG Group has issued an update on its first-quarter offshore activities.

 

Rigs/Vessels

Rieber takes delivery of Polar Empress seismic vessel

GC Rieber Shipping has taken delivery of the newbuild seismic vessel, Polar Empress, from Myklebust Verft.

Bordelon Marine takes delivery of newbuild light-intervention vessel

Bordelon Marine has taken delivery of the M/V Shelia Bordelon, a DP-2 ultra-light intervention vessel. 

Drydocks World to construct turret for Layang floater

Orwell Offshore has contracted Drydocks World to fabricate an external turret for an FPSO.

Click to Visit the Offshore Learning Center