Latin America ///
Royal Dutch Shell’s acquisition of BG Group has received unconditional merger clearance from the Brazilian competition authority (CADE), satisfying the first of the pre-conditions to the combination. Other pre-conditions include merger clearances in Australia, China and Europe.
An Exxon Mobil discovery off the coast of Guyana may hold oil and natural gas worth 12 times the South American nation’s entire economic output.
InterMoor Inc., an Acteon company, has completed its role in the largest foundation installation project offshore Trinidad and Tobago to date.
In November 2011, BG’s Brasil’s well engineering team and Petrobras set out an ambitious target at a historic drilling performance workshop—to drill ultra-deepwater, pre-salt wells from spud to final depth in 30 days at a cost of less than $30 million.
Rosneft Brasil—a wholly owned subsidiary of Rosneft—and PetroRio have received approval from Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP) for Rosneft Brasil to acquire an additional 55% interest in the Solimoes project.
Disputed waters raise hopes, create conflict
Petrobras has long been a pioneer in the adoption and deployment of deepwater technology. This has enabled them to build huge reserves of some 16 Bbbl of oil. Converting these reserves to production, however, is another matter and Petrobras has a history of setting ambitious targets, with a poor record of meeting them.
The floating production, storage and offloading unit (FPSO) Cidade de Itaguaí is now anchored in the Iracema Norte area of Lula field, in the pre-salt layer of the Santos basin, off the coast of Rio de Janeiro.
Eni has started production from the giant gas field Perla, in the Gulf of Venezuela. The first production well has been opened and is currently in the clean-up phase.
PetroRio has signed an agreement to acquire 20% of the rights and obligations of the concession contracts for Bijupirá and Salema fields from Petrobras.
Technip has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd.
Petroleo Brasileiro SA cut its five-year spending plan by 37% and lowered oil output targets as Brazil’s state-controlled producer battles the industry’s heaviest debt load and a slump in crude prices.
Petrobras’ pre-salt production in May set two new monthly output records, the company said Friday.
Petrobras has completed an analysis of the factors that contributed to the fatal accident on board the Cidade de São Mateus FPSO in February, the company announced Friday.
Xodus Subsea has appointed a General Manager and Business Development Manager to drive activity in the Americas, as the company aims to challenge the largest tier one subsea engineering companies for a share of the market in the region.
Premier Oil has struck oil at the Isobel Deep exploration well, 14/20-1, in the North Falkland basin, approximately 30 km south of Sea Lion field.
Brazil’s state-controlled oil company Petroleo Brasileiro SA has abandoned exploration at the Caramba prospect in a deepwater region that holds the country’s biggest discoveries.
SALVADOR, Brazil -- BG Brasil and Senai CIMATEC have unveiled the fastest ever supercomputer in Latin America at the Senai CIMATEC Supercomputing Center for Industrial Innovation in Salvador, Bahia.
Parnaiba Gas Natural SA, Brazil’s biggest independent natural gas producer, is investing 1.5 billion reais ($500 million) in projects, including developing five fields in the country’s northeast.
The producer, backed by Cambuhy Investimentos, which counts Brazilian billionaire Pedro Moreira Salles as an investor, expects the plan to increase gas output 71%, to 8.4 MMcmd (297 MMcfd) by July 2016, said Henrique Rzezinski, institutional relations vice president of the company, known as PGN
Exxon Mobil Corporation has announced a significant oil discovery on the Stabroek Block, approximately 120 miles offshore Guyana.