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The Norwegian offshore seismic survey services company PGS has been awarded a 3D exploration acquisition contract. PGS said that the contract was in Namibia, with "a major energy company." The company said it would use the Ramform Titan vessel for the survey, with the acquisition expected to complete mid-February 2023. "PGS has many years of... Continue Reading →
(OE) Schlumberger, the world's largest oilfield services provider, is rebranding itself with a new name, color scheme and logo that underscores its ambitions for a lower-carbon future, the company said on Monday. The nearly 100-year-old firm, originally named after its founding family, has become a giant in oilfield services and equipment such as drilling and... Continue Reading →
(Reuters) Portuguese oil and gas company Galp Energia reported a 16% increase in adjusted third-quarter profit on Monday, thanks to soaring oil prices and a near-doubling of its refining margin. Oil and gas companies around the world received a boost after Russia's invasion of Ukraine sent energy prices soaring just as demand was rapidly recovering... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/30/2022, informs the beginning of the non-binding phase regarding the sale of its onshore fiber optic network. Potential buyers qualified for this phase, beginning today, will receive a process letter containing detailed information about the asset in question, as well as instructions on... Continue Reading →
(EV) Shell is harnessing talent from its offshore oil and gas division to progress two major Scottish floating wind farms. The supermajor’s UK business manager for offshore wind, Melissa Read says they are “transitioning across” a lot of upstream skill to propel the Marram and Campion projects. Both floating wind schemes were secured alongside partner ScottishPower Renewables, a subsidiary of... Continue Reading →
3R Petroleum announced Thursday evening (20) that it had signed a commitment to structure and issue debentures, with a firm placement guarantee, in the amount of US$ 500 million. This amount will join another US$ 500 million raised by the oil company in August, through financing led by Stanley Senior Funding. With this US$ 1... Continue Reading →
Denmark-based offshore wind installation services firm Cadeler said Friday it had signed a letter of intent with a "blue chip" client. The client is looking into the possibility of using one of Cadeler's two O-class wind turbine installation vessels "over a long period of time," according to Cadeler. Cadeler has two O-class jack-up units -... Continue Reading →
Offshore drilling company Borr Drilling said Thursday that its joint venture company in Mexico (Perfomex) had entered into new contracts for the company's five premium jack-up rigs. The rigs in question are the "Galar", "Gersemi", "Grid", "Njord" and "Odin" and the contracts are with OPEX Perforadora S.A. de C.V. and Perforadora Profesional Akal I S.A.... Continue Reading →
(Reuters) The Biden administration on Thursday said it would hold a Gulf of Mexico drilling auction in March of next year to satisfy a requirement in the government's new climate change law. The Bureau of Ocean Energy Management (BOEM) will offer all of the available unleased acreage in the Gulf outer continental shelf on March... Continue Reading →
(Reuters) - Top oilfield services provider Schlumberger Ltd (SLB.N) reported a 64.9% jump in third-quarter profit on Friday that topped Wall Street expectations as a surge in oil and gas prices led to more drilling activity. Oil and gas producers are looking to increase production as crude prices stay near eight-year highs, boosting demand for Schlumberger's equipment,... Continue Reading →
Brazil Energy Insight 