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Development News

OGX Commences Construction Phase in the Parnaiba Basin
Brazil >> 2/13/2012 - In early February, OGX Maranhao, a company formed by OGX and MPX, began the civil construction work on the project for production and transporting of natural gas in the Parnaiba Basin. The work consis...
OGX Begins the Opening Procedure of Well OGX-26HP
Brazil >> 1/28/2012 - OGX, the oil and gas company responsible for the largest private sector exploratory campaign in Brazil, announces that at 19h46min40sec on Saturday 28th January, the opening procedure of FPSO OSX-1 fi...
FPSO OSX-1 Arrived at the Campos Basin
Brazil >> 1/11/2012 - The FPSO OSX-1 arrived on Waimea in the Campos Basin, to be connected to the turret and begin production of first oil for its anchor client OGX at the OGX-26 well. FPSO OSX-1 is the first oil and gas ...
Development Contacts of 18 Iranian Fields to Be Singed
Iran >> 1/7/2012 - Elaborating on the issue, Mr. Qalebani noted development contract of six fields had already been signed while contracts concerning other 18 oil and gas fields would be signed until the end of the year...
Development Contract of 6 Shared Oil Fields Signed
Iran >> 12/21/2011 - Speaking to reporters on the sideline of the first anniversary of targeting subsidies, Mr. Qasemi noted that various contracts had been signed with private sector on development of shared fields. ...
OGX Maranhao Receives Preliminary License in Parnaiba Basin
Brazil >> 12/21/2011 - The Secretary of State for the Environment and Natural Resources of Maranhao (SEMA/MA) issued the Preliminary License for the development of production and transport of natural gas in the Gaviao Real ...
Petronova Announces Third Quarter 2011 Results
Colombia >> 11/24/2011 - PetroNova Inc, a company engaged in the exploration and development of oil and natural gas resources in Colombia, announced its operational and financial results for the three and nine months ended Se...
ENI & Repsol Await Venezuela Gas Project Go-Ahead
Venezuela >> 10/4/2011 - Italy's ENI and Spain's Repsol are waiting for Venezuela to approve the extraction of gas from a field that has the biggest deposits found so far off the OPEC nation, sources close to the project told...
OGX Begins Installation for Waimea EWT
Brazil >> 9/16/2011 - OGX, the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, has begun installing equipment in preparation for the Extended Well Test ("EWT") in Wa...
Petrobras Begins Extended Well Test in the Campos Basin
Brazil >> 6/28/2011 - Petrobras have started producing oil in Aruana - an area located in the post-salt layer of the southern part of the Campos Basin - from well 1-RJS-661 in block C-M-401. The Cidade de Rio das Ostras FP...
OGX Announces Business Plan for the Campos & Parnaiba Discoveries
Brazil >> 6/6/2011 - OGX Petroleo e Gas, the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, announce details of the Company’s business plan for the Campos and Parn...
OGX Declares Commerciality for Two Accumulations in the Parnaiba Basin
Brazil >> 5/17/2011 - OGX has presented to the National Petroleum Agency (“ANP”), through its subsidiary OGX Maranhao Petroleo e Gas Ltda., declarations of commerciality for the California and Fazenda Sao José accumulation...
Subsea 7 Wins $1 Billion Contract with Petrobras
Brazil >> 4/7/2011 - Subsea 7 S.A. announced the award of a contract with Petrobras, as Operator of BM-S-9 and BM-S-11 Consortia to Subsea 7 Inc., a wholly owned subsidiary of Subsea 7 S.A., of approximately $1 billion fo...
Canacol Announces US$ 106 Mln Capital Program for 2011
Colombia >> 12/29/2010 - Canacol Energy Ltd. is pleased to announce a US$ 106 million capital budget in 2011 for exploration and development activities in Colombia, Guyana, and Brazil. The budget includes the drilling of 39 ...
FMC & Petrobras Sign Memorandum of Understanding
Brazil >> 11/30/2010 - FMC Technologies, Inc.announced that it has signed a memorandum of understanding with Petrobras to develop future subsea technology solutions for its oil and gas projects offshore Brazil. ...
Exile Updated First Oil Target for Akepo-1st Well
Nigeria >> 10/18/2010 - Exile Resources Inc a junior oil and gas exploration and production company with operations focused on Africa, along with its joint venture partners in the Akepo field development project, announced t...
Mart Prepares for Umu-6 Development Well
Nigeria >> 4/22/2010 - Mart Resources, Inc. and its partners, Midwestern Oil and Gas Company PLC (Field Operator) and Suntrust Oil Co Ltd are pleased to announce that all requisite Government approvals have been obtained, a...
Canacol Announces US$46m Capital Program for 2010
Colombia >> 2/8/2010 - Canacol Energy Ltd. is pleased to announce a US$46 million capital budget in 2010 for exploration and development activities in Colombia, Guyana, and Brazil. The budget includes the drilling of 15 wel...
Total Acquires 49% Interest in Algeria’s Ahnet License
Algeria >> 12/22/2009 - Total announces that the consortium it has formed with Partex has been awarded a 49% interest in the Ahnet license, as part of the second bid round held by the Algerian National Oil and Gas Developmen...
Aker to Supply Subsea Boosting Systems to Petrobras
Brazil >> 11/23/2009 - Aker Solutions has signed a contract with Petrobras to supply eight subsea boosting systems (Mobo) and one ESDV (emergency valve) for the Jubarte field, located in the north of Campos Basin offshore B...

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