U.S. oil and gas services company Helix Energy Solutions sank to the red in the last quarter of 2018 from a profit in the same period of 2017. Helix Energy Solutions on Monday reported a net loss of $13.7 million for the fourth quarter of 2018 compared to net income of $50.6 million for the same period in 2017... Continue Reading →

The Skandi Olinda, a Brazilian-flagged flexible lay and construction vessel, has started its eight-year charter contract with Brazilian oil company Petrobras. The vessel is owned by a joint venture formed between TechnipFMC (50%) and DOF (50%). Under the TechnipFMC/DOF joint venture agreement, TechnipFMC will manage flexible pipelay, and DOF will be responsible for marine operations. Continue reading

Petrobras has been granted a license by IBAMA for FPSO to test Farfan's discovery in the exploratory blocks area BM-SEAL-11 in the deep waters of the Sergipe-Alagoas Basin. The license is valid until July 31, 2019 and the company must inform the end of the installation activities of the unit within a maximum of 5... Continue Reading →

  Offshore drilling company Ensco has received approval from the UK competition authorities for its imminent merger with rival Rowan Companies. Ensco on Friday said the United Kingdom’s Competition and Markets Authority gave its clearance, adding that the transaction remained subject to satisfaction or waiver of certain other conditions, including approval by the shareholders of... Continue Reading →

February 15, 2019 The government intends to offer four areas in the pre-salt of the Santos Basin, in the auction of surpluses of the Transfer of Rights assignment, this year. According to a source, the intention is for the assets to be offered to unify, that is, to connect in a single project, to the... Continue Reading →

Saab Seaeye said it has shown that underwater e-robotic vehicles can deepwater dock at remote sub-resident docking stations for data transfer, assignment instructions and battery charging. The company announced that its Sabertooth AUV/ROV vehicle can now dock in a safe and controlled manner at different kinds of remote stations. Continue reading

Italian oil company Eni posted a 55 rise in adjusted net profit, reporting €1.46 billion in the fourth quarter of 2018, compared to adjusted net profit of 943 million euros in the corresponding quarter a year ago. According to Reuters, Eni’s adjusted net profit results beat an analyst consensus forecast 1.19 billion euros. Net profit... Continue Reading →

Rio de Janeiro, February 14, 2019 - Petróleo Brasileiro SA - Petrobras informs that , on this date, the Public Hearing related to the draft of the agreement to be signed with the National Petroleum, Natural Gas and Biofuels Agency (ANP) in relation to the unification of the Parque das Baleias fields was completed. In... Continue Reading →

February 13, 2019 Petrobras received from IBAMA the environmental license for the start of production of the FPSO P-76, which is installed in the Búzios field, in the pre-salt of the Santos Basin. The license is valid until February 8, 2023 and the unit must be the second to come into operation in the basin... Continue Reading →