Latin America ///
ITC Global, a provider of satellite communications to remote and harsh environments, announced today that it has initiated installations to deliver communications services to seven floating production, storage and offloading (FPSO) vessels located offshore Brazil for a leading oil and gas service company.
PJ Valves (PJV) and PJ Piping (PJP), the specialist manufacturers and suppliers of valves and piping components for the global energy industry, have been awarded a major contract by McDermott International Inc. to supply valves and piping elements for an offshore project in Trinidad and Tobago.
SBM Offshore is pleased to announce that Exxon Mobil has formally confirmed the award of contracts for the next phase of the Liza project in Guyana. Under these contracts, SBM Offshore will construct, install, lease and operate a floating production, storage and offloading vessel (FPSO).
Venezuela, home to the largest oil reserves in the world, is seeking to import 13 MMbbl of fuel this year as the country’s refineries are now operating at less than half of their capacity.
Further to the Company’s recently announced onshore gas strategy across Latin America, Echo is delighted to announce the signature of its first transaction in Bolivia.
The U.S. Supreme Court left intact a ruling that protects Chevron Corp. from having to pay $8.6 billion in a decades-long battle over oil pollution in Ecuador, rebuffing an American lawyer who was found to have committed fraud in the Central American country’s court.
President Energy, the upstream oil and gas company provides an update on its work-over program at its Puesto Guardian Concession, Argentina.
Repsol has uncovered its largest volume of gas of the last five years offshore Trinidad and Tobago, where the find is the most significant in a decade for the country. The company estimates the finds made in two wells at 2 Tcf.
Total Austral, operator of the CMA-1 consortium, togehter with its partners Wintershall Energía and Panamerican Energy, has announced that after the production start-up of the offshore gas and condensate field Vega Pléyade, the world’s southernmost gas development, 10,000 hr of production have been reached.
BP Trinidad and Tobago (BPTT) LLC today announced the sanction for the development of its Angelin offshore gas project.
BP Trinidad & Tobago (BPTT) today announced that it has made two significant gas discoveries with the Savannah and Macadamia exploration wells, offshore Trinidad. The results of these wells have unlocked approximately 2 Tcf of gas in place to underpin new developments in these areas.
Interoil Colombia E&P and SLS (strategic partner) finished the drilling of the exploratory well Vikingo-1 on May 9th, down to a final depth of 5,936 ft in the Paleozoic basement.
Royal Dutch Shell plc, through its subsidiary BG E&P Brasil Ltda. (Shell) and consortium partners in Lula South, announce today that deepwater production has started at the FPSO P-66, which is located in the Brazilian pre-salt of the Santos basin.
Syria and Venezuela plotted in recent years to evade international sanctions on Syria through a secret deal to transport its crude oil through Russia to the Caribbean.
Petrobras has begun the disclosure phase of the teaser regarding the transfer of Petrobras’ stake in the Juruá field, in the Solimões basin.
Petrobras and its partners in the BM-S-11 Consortium have started producing oil and natural gas from the Santos Basin’s pre-salt Lula Sul field.
Petrobras’ net income was R$4.4 billion in first quarter 2017, reversing the loss recorded in the same period of last year. This result reflects the company’s outstanding operating performance, despite lower demand for oil products in the Brazilian market.
Heerema Fabrication Group has been awarded the Procurement & Construction contract of the Peregrino II jacket by South Atlantic Holding B.V. on behalf of the Statoil Peregrino II project.
Wintershall has launched its second operated shale oil pilot project in Argentina (100% working interest). The company has spud the first of three horizontal pilot wells in the Bandurria Norte block, which is located in the western Argentinean province of Neuquén.
Saipem has been awarded a new EPCI contract for the SURF package of the proposed Liza project operated by Esso Exploration and Production Guyana Limited, an affiliate of Exxon Mobil.