Brought to you by Quest Offshore & Southern Cone Consultants
Oct. 30 (Reuters Editorial) The surprise re-election of President Luiz Inacio Lula da Silva in Brazil this week rattled financial markets - and the Trump Administration - but it was celebrated both inside and outside of Brazil as a huge win in the battle against deforestation and the global push for more sustainable food systems.... Continue Reading →
Oct. 30 (OE) Offshore drilling contractor Noble Corporation has secured approximately $560 million in new rig contracts across Africa, South America and Norway since its July fleet status report, bringing its contracted backlog to $6.7 billion. The awards span six drilling rigs and include exploration, development drilling, plug and abandonment (P&A) and light well intervention... Continue Reading →
Oct. 30 (OE) Seatrium has secured a floating production, storage and offloading (FPSO) vessel integration contract worth over $155 million (S$200) million from SBM Offshore for offshore developments in South America. The contract covers the fabrication of key mooring and riser support structures, a flare tower and associated topside support structures, as well as vessel... Continue Reading →
Oct 30 (Reuters) - US oil majors ExxonMobil and Chevron both beat analyst expectations for quarterly profit on Friday, as soaring refining margins increased earnings from their fuel-making businesses – which typically have smaller profits – to rival the upstream segments. The US-Israeli war with Iran and the conflict between Russia and Ukraine have disrupted... Continue Reading →
Oct. 29 - Petrobras informs that it has identified another oil-bearing interval in the Morpho well, which constitutes the third discovery in block FZA-M-59, located in ultra-deep waters off the coast of the state of Amapá, at a water depth of 2,886 meters.The continued evaluation of other intervals of interest, following the discoveries announced in... Continue Reading →
Oct. 29 (Reuters) Shell on Thursday announced above-expectation net profit of $10.81 billion in the third quarter, its highest since 2022, and boosted its share buybacks on the back of stronger refining margins and higher liquefied natural gas prices.The US-Israeli war on Iran, now in its ninth month, has disrupted global energy supplies and caused... Continue Reading →
Oct. 28 (Petrobras) In 3Q26, our average production of oil, NGL, and natural gas reached a record of 3.512 MMboed, 11.7% higher than 3Q25 and 5.3% higher than 2Q26, due primarily to the highest production efficiency level in eight years, the ramp-up of P-78 and P-79 FPSOs in Búzios field, FPSO Alexandre de Gusmão reaching... Continue Reading →
Oct 27 (Reuters) - The first cargo of Venezuelan crude under a deal between the US and producer NABEP unloaded in Texas on Tuesday and will be sold by the US government to refineries run by Exxon Mobil and Venezuelan-owned Citgo Petroleum, a White House official said. NABEP confirmed in a statement it supplied 1... Continue Reading →
Oct 28 (Reuters) - The plane believed to be carrying Brazilian Senator Flavio Bolsonaro and his family to the United States was scheduled to arrive on Wednesday morning in Miami, where they will be given entry visas by the United States government. With the whole world trying to work out where he was, Bolsonaro entered... Continue Reading →
Oct 28 (Reuters) - Asia's largest oil and gas producer, PetroChina, reported a 21.6% year-on-year increase third-quarter net profit, driven by higher oil and gas prices, according to a stock filing on Wednesday. Net income for the July-September period totalled 51.84 billion yuan ($7.78 billion), compared with 42.29 billion yuan a year earlier. Net profit... Continue Reading →
