Sunday, March 29, 2020

South America News

Deepwater Acreage to Attract Investments

Image: Norwegian Petroleum Directorate

Deepwater acreage will continue to attract significant company interest through 2020, said a report.According to GlobalData, a significant portion of the acreage available in Q1 2020 is located in either deep or ultra-deep water…

Tendeka Appoints BD Manager for S. America

Renato Barbedo  (Photo: Tendeka)

Tendeka has appointed a new business development manager for South America as the company increases its support for oil and gas operators in the region.Renato Barbedo will work with operators across the…

Freeport LNG Kicks Off Train 2

Image: McDermott International, Inc.

US-based Freeport LNG has started commercial operations at its second of three planned liquefaction trains.Freeport LNG Train 3 remains on track to meet its previously announced schedule, with initial production of LNG scheduled for Q1 of 2020…

Apache Makes Major Discovery Offshore Suriname

Photo courtesy of Total

Apache Corp and Total SA said on Tuesday they had made a major oil discovery in a closely watched area off the coast of South America's Suriname, sending Apache's shares surging nearly 27%.The discovery…

Louisiana LNG Unit Starts Production

Image: McDermott International, Inc.

Train 2 of the Cameron LNG project in Hackberry, Louisiana, has begun producing liquefied natural gas (LNG), announced McDermott International and its joint venture partner, Chiyoda International Corporation…

Offshore: OSV Market Report

Photo courtesy Ulstein Group/Marius Beck Dahle

The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices…

38 Oil and Gas Discoveries Made in Q3

Graph: GlobalData

GlobalData revealed that a total of 38 oil and gas discoveries were made globally in Q3 2019.South America and Europe led globally with the highest number of oil and gas discoveries during the third quarter (Q3) of 2019…

Small Scale FSRU: Think Smarter Not Bigger

© dmplot/Shutterstock

The global search for lower carbon forms of energy and demand for cost-effective ways to serve power demand in emerging markets and remote locations is driving interest in floating storage and regasification…

Saudi Attacks, High Demand Leaves U.S. Short on Oil Tankers

© Carabay / Adobe Stock

A disruption in global oil flows following attacks on Saudi Arabian facilities has left U.S. crude exporters without enough tankers to cover rising demand for cargoes, traders and shipping sources said.Missile…

Vallourec Tallies $900 Mln ADNOC Contract

(Photo: Vallourec)

France-based Vallourec said it has been awarded a contract by Abu Dhabi National Oil Company (ADNOC) for the supply of tubing and casing, over a five year period, with a possible two-year extension, for an amount of $900 million.The award…

First Production for Freeport LNG

Image: Freeport LNG

Freeport LNG has reached a new milestone - it has become the sixth major US liquefaction facility to start up, with the operator confirming that production had begun at the Texas facility."McDermott International along with its partners…

July: Earth's Hottest Month Ever Recorded

© Alexander/Adobe Stock

According to the latest monthly climate report from the U.S. National Oceanic and Atmospheric Administration (NOAA), July 2019 was hottest month on record for the planet and Polar sea ice melted to record…

US Patent Approval for Wave Energy

Jussi Åkerberg, Chief Technology Officer (CTO) of AW-Energy Oy (Photo: AW-Energy Oy)

AW-Energy Oy, a Finnish wave energy technology developer, received an “approval” for AW-Energy’s patent application from the United States Patent and Trademark Office (USPTO).The patent [PCT/050485] provides…

PetroLogistics Contract Goes to McDermott

File Image: McDermott

Texas-based PetroLogistics II, a portfolio company of Quantum Energy Partners, has awarded McDermott International, Inc. a contract to provide front-end engineering design (FEED) services for a new U.S.

Investments in Exploration Drilling to Double

Image: Rystad Energy

Rystad Energy sees investments both in offshore and onshore exploration drilling doubling in the next five years, compared to the last five years. Conventional onshore demand will be driven by Asia, Africa and South America.Europe on the other hand…

Anadarko Beats Profit Estimates

(Photo: Anadarko)

Anadarko Petroleum Corp, in its last earnings report before shareholders vote on its sale to Occidental Petroleum, on Friday reported a quarterly profit that topped analysts' estimates, as higher production…

Freeport LNG Reaches Milestone

Image: Freeport LNG

Freeport LNG has reached final commissioning on Train 1 of its liquefaction project on Quintana Island in Freeport, Texas, following months of construction delays.American multinational engineering firm…

McDermott Wins Pre-FEED Gig by YPF

Pic: McDermott

American multinational engineering company McDermott International announced it has been awarded a contract by Argentina-based YPF to provide pre-front-end engineering design (Pre-FEED) services for a…

TechnipFMC Orders Vallourec Pipes for Mero 1

Image: Vallourec

The provider tubular solutions for the energy markets Vallourec Soluçoes Tubulares do Brasil has been awarded by TechnipFMC in Brazil to supply around 12,000 tons of seamless steel rigid line pipe with…

Wintershall Wins Argentina Offshore Bid

Photo: Wintershall  © Total/Florian von der Fecht

Germany's largest crude oil and natural gas producer Wintershall won the bidding process for two blocks in the promising Malvinas Basin off the coast of Tierra del Fuego as part of the “Costa Afuera” licensing…