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While a leaner and more selective exploration industry has emerged over the past two years, Wood Mackenzie expects Latin America…
French oil major Total and Brazilian national Petrobras have finalized the US$1.95 billion transfer of interests in the pre-salt Santos…
Thursday, 11 January 2018 09:26

Rockhopper: Sea Lion sanction by end of 2018

UK-based explorer Rockhopper says the Premier Oil-operated Sea Lion project, offshore the Falkland Islands, is moving towards sanction by year's…
Wednesday, 10 January 2018 11:21

Tullow adds acreage off Peru

Tullow Oil has picked up six licenses offshore Peru, spanning 28,000sq km, the UK-based firm confirmed today (10 January). Map…
Monday, 08 January 2018 13:14

OOS Tiradentes set for Petrobras contract

OOS International Group’s newest semisubmersible accommodation vessel, the OOS Tiradentes, will head to Brazil next month for a contract with…
Friday, 05 January 2018 10:51

Exxon touts further Guyana success

The sixth time seems to be the charm for Exxon and its partners at the Stabroek block offshore Guyana. The…
Thursday, 21 December 2017 12:04

Petrobras to maintain E&P spend in 2018

Petrobras has released its new 2018-2022 business plan, in which the Brazilian giant has promised to maintain about the same…
Wednesday, 20 December 2017 02:57

Year in review: 2017's Top 10 discoveries

Audrey Leon looks at some of 2017's 10 largest offshore discoveries. First published in the December 2017 OE. While exploration…
Published in OE: 2017 / December
Monday, 18 December 2017 03:33

Siem Helix 2 starts work offshore Brazil

Helix Energy Solutions' Siem Helix 2 newbuild light well intervention vessel has completed the vessel acceptance tests and is now…
Monday, 18 December 2017 03:05

Statoil adds Roncador stake off Brazil

Norway's Statoil is set to triple its production in Brazil after agreeing to acquire a 25% stake in the Roncador…
Thursday, 14 December 2017 08:18

WoodMac: Upstream CAPEX to grow in 2018

Believing that major spending cuts are over, Wood Mackenzie expects global upstream capital expenditures to grow slightly in 2018 to…
Statoil has completed a deal with Queiroz Galvão Exploração e Produção (QGEP) to acquire a 10% interest a block offshore…
Thursday, 14 December 2017 00:00

Exxon, Petrobras form alliance

Petrobras and ExxonMobil have signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business…
Houston-headquartered geoscience firm ION Geophysical has launched a 2D multi-client data package for offshore Argentina, ahead of the country's 2018…
Petrobras has declared commerciality at the Libra Northwest field, formally renaming it Mero, following a vote amongst its workforce, the…
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