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Teekay is due to sign a LoI with Petrobras to supply an FPSO for the operator’s ultradeepwater Libra Field offshore Brazil.

The company is placing its bets on presalt, hoping to boost its overall production and generate massive cash flow.

Eulogio Del Pino will take over as part of a series of government changes.

The company is relying on platforms to tap offshore deposits.

Deepwater International

The P-66 floating production vessel’s first modules have been delivered to the Brasfels Shipyard in Angra dos Reis, Rio de Janeiro.

GE has opened a new $500 million technology center in Brazil focused on developing advanced subsea oil and gas technology.

HRT has outlined plans to invest up to $75 million in its heavy oil Polvo Field in the Campos Basin to accelerate development activity and overall reservoir recovery rates.


The Kangaroo-2 appraisal well offshore Brazil has encountered multiple oil-bearing zones, Karoon Gas Australia Ltd. said in a news release.

The new acquisition program will infill Spectrum’s survey acquired in 2013 and cover open, ultradeepwater acreage in the Oriental del Plata and Pelotas basins.

Petrobras completed the drilling of the first appraisal well in the Libra Consortium area.

Petrobras has completed the sale of 100% of the shares of PEP to CNPC.

The first extension well in the Libra area, known as 3-BRSA-1255-RJS (3-RJS-731), has proven the discovery of high-quality oil in the northwest portion of the structure, the Libra consortium said in a news release.


Petrobras announced that the offshore platform Cidade de Ilhabela started up on Thursday in the Santos Basin presalt field of Sapinhoá.

The company has missed its annual production targets for 10 straight years on oil services equipment delays.

Halliburton Opens Argentina’s First Sand Storage, Loading Facility


The FPSO vessel will be deployed at the Tartaruga Verde and Tartaruga Mestica fields in the BM-C-36 Block in the Campos Basin in water depth of 765 m (2,510 ft).

The FPSO unit Cidade de Ilhabela is formally on hire after achieving first oil and completing a 72-hour continuous production test leading to production acceptance notice.

Technip has been awarded a contract from the Tupi BV consortium for the ongoing development of the Iracema North Field in Brazil’s Santos Basin presalt area, a news release said.

EMGS has received a contract worth $1.5 million for a research project in Brazil. 

CMM has secured contracts with Petrobras to charter five newbuild fast oil spill response vessels using a fuel-efficient Sea Axe design by Damen Shipyards Group.