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Oct 24, 2019 (Reuters) - Germany’s Siemens expects revenue from its oil and gas division in Brazil in 2020 to double compared to 2018 levels, an executive said on Thursday, citing upcoming oil auctions that could total around $26 billion. The company does not disclose revenues by division but in 2018 it hit 4.1 billion... Continue Reading →
Oct 24, 2019 Petrobras, following up on the press release issued on September 13, 2019, reports the beginning of the non-binding phase related to the sale of downstream assets, which includes: Isaac Sabbá Refinery (REMAN) in Amazonas, Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR) in Ceará, and the Shale Industrialization Unit (SIX) in Paraná,... Continue Reading →
Oct 24, 2019 MESSAGE FROM THE CEO The company's performance in 3Q19 is already starting to reflect the implementation of our value creation strategy. Oil and gas production reached a record level of 3.0 MMboed in August, when a daily record of 3.1 MMboed was also reached. The ramp-up of the new platforms significantly influenced... Continue Reading →
Oct 24, 2019 Karoon will raise AUD 284 million (US $ 194.42 million) to complete financing for the acquisition of the Bauna field, located in block BM-S-40, in the Santos Basin. The operation also aims to support future projects of the company. According to Karoon director Robert Hosking, the measure represents the final stage of... Continue Reading →
Oct 23, 2019 Unionized workers at Brazil's state-controlled oil company Petróleo Brasileiro SA, or Petrobras, said they will start a general strike on Saturday to press for higher wages as they negotiate a new contract. A group representing 12 oil worker unions said in a statement on Wednesday they were fighting for their rights and... Continue Reading →
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, with eight discoveries each during the quarter, according to GlobalData. Out of eight discoveries in South... Continue Reading →
Italian oil service group Saipem is pressing ahead with plans to find a partner for its drilling unit to focus on its core business of building offshore installations and pipelines, the company's chief said on Thursday. Saipem makes most of its revenues from its engineering and construction (E&C) unit but wants to keep exposure to... Continue Reading →
Petrobras and Brazil will continue to dominate the deployment of global FPSOs over the next five years, data and analytics company GlobalData has reported. According to GlobalData, Petrobras is expected to deploy six planned and nine announced FPSOs by 2025. GlobalData says that during the 2019 – 2025 period, the year 2023 will witness the... Continue Reading →
TechnipFMC has reported third-quarter 2019 profit of $22 million or 5 cents per diluted share. The services major has seen an 84 percent decrease compared to net profit of $137 million same time last year. The results were affected by after-tax charges and credits totaling $32.6 million of expense, or $0.07 per diluted share. Continue... Continue Reading →
Equinor’s (EQNR.OL) third-quarter profit fell by more than expected on Thursday after a significant decline in the volume and price of natural gas sold to Europe, although the Norwegian firm reiterated its forecast for flat 2019 production. Shares in Oslo-listed Equinor were up 2.2% by 0730 GMT after it also confirmed plans to reach Phase... Continue Reading →
Brazil Energy Insight 