WorldOil Subsea 7 awarded Santos basin FPSO hookup contract Subsea 7 today announced the award of a sizeable contract by Total EandP do Brasil for the development of the Lapa North East field, at 2,150 meters water depth in the pre-salt Santos basin. Repsol Sinopec Brazil, Ouro Negro and PUC-Rio expand technological partnership Repsol Sinopec Brazil, Ouro Negro and the Mechanical Engineering Department of PUC-Rio’s Technical and Scientific Center (CTC/PUC-Rio) are expanding their technological partnership, developing a through tubing logging profiling tool to assess cement quality in lined wells. MODEC reports oil spill in Espadarte field offshore Brazil MODEC informed Petrobras that cracks were identified at the hull of FPSO Cidade do Rio de Janeiro, at the Espadarte field, in the Campos Basin, 130 km off the coast of Brazil. CGG begins new Brazil pre-salt 3D broadband survey With an initial focus on Brazil’s 15th License Round blocks, the data is being acquired by the Geo Caribbean, and a portion of the survey will provide 3D data coverage where no other 3D data currently exists. MODEC issues $1.1 billion in bonds to refinance FPSO in Brazil This project bond was issued for the FPSO Cidade de Mangaratiba MV24 which has been deployed and is currently in operation at the Iracema Sul oil field, operated by Petrobras, in the "pre-salt" region offshore Brazil. Petrobras contract penalties swing Vantage Drilling to profit Vantage Drilling reported net income of $590.7 million for the second quarter of 2019, thanks to payments of more than $700 million by Petrobras for terminating drilling vessel contracts. Upcoming license rounds show great promise for Brazil, says ANP’s Kury Recent resumption of exploration programs puts Brazil on track to be one of the world's leading oil producers over the next 10 years, said Felipe Kury, director of Brazil’s National Petroleum, Natural Gas and Biofuels Agency. Halliburton to bring pre-salt expertise to Libra development in Brazil Halliburton announced the execution of an integrated services contract with Petrobras for pre-salt development in the Santos Basin, driving efficiency by applying pre-salt expertise and integrating multiple product offerings and technologies. Mexico’s moratorium on oil auctions gives rival Brazil an edge Mexico’s moratorium on auctioning off its oil riches to foreign producers is giving a leg up to nearby rivals Brazil and Guyana. New managing director to head Wintershall Dea in Brazil Change at the top of Wintershall Dea in Brazil: Valerie Bosse is the new managing director of the Wintershall Dea Business Unit Brazil and is responsible for all previous Wintershall and DEA activities in the country.