January 24, 2019 Minister Onyx Lorenzoni presented 35 targets for the first months of the government Onyx Lorenzoni, the Chief of Staff, presented the 35 priority targets of the first 100 days of government. In the area of Mines and Energy, the approval by the National Energy Policy Council of the review of the Transfer... Continue Reading →
4Subsea, Ashtead in Sensor Tech Pact
4Subsea and Ashtead Technology have sealed a partnership for global distribution of sensor technology to the oil and gas industry. Under the deal, 4Subsea’s autonomous, retrofittable sensors will be available to the global oil and gas industry via Ashtead Technology. Continue reading
Edict for the sale of Sete Brasil rigs ready to publish
1/23/19 Sete Brasil will publish until the end of this week public announcement for the sale of the four rigs being built at the Jurong and Brasfels shipyards and will have their charter contracts with Petrobras. The publication of the edict is included in the list of requirements of the group's judicial recovery plan and... Continue Reading →
Guyana: Saipem offloads pipes for Liza Phase 1
Italian oilfield services company Saipem has offloaded the second shipment of pipes to be installed as part of Exxon’s Liza Phase One project offshore Guyana. The Guyanese authorities have informed that the shipment arrived in Georgetown last week, and is the second of multiple shipments adding to the 1519 pieces of pipes received in December. The... Continue Reading →
JPMorgan Favors Petrobras Over Vale in Battle of Brazilian Stocks
For investors looking to get in on the equity boom in Brazil via commodity titans Vale or Petrobras, JPMorgan has some ideas about the best bet. The bank examined output growth, costs, capital expenditure, profitability, free cash flow, valuation and the outlook for commodities. Its conclusion: Oil giant Petroleo Brasileiro SA is the most appealing option for... Continue Reading →
Petrobras CARF decision related to IRPJ and CSLL collection on profits of controlled companies abroad
Rio de Janeiro, January 23, 2019 - Petróleo Brasileiro S.A - Petrobras informs that the Administrative Board of Tax Appeals (CARF) issued yesterday, by a majoroty vote, an unfavorable decision on a tax administrative proceeding that addresses the collection of Corporate Income Tax (IRPJ) and Social Contribution on Net Profits (CSLL), related to 2012, on... Continue Reading →
Seadrill Partners to slash dividend. Cites low rig rates, looming debt maturities
Seadrill Partners, an affiliate of offshore driller Seadrill, will reduce the quarterly distribution to its common unitholders from 10 cents per unit to 1 cent per unit. “The move reflects the slower than anticipated recovery in dayrates and the company’s desire to preserve liquidity ahead of debt maturities in the second half of 2020 and... Continue Reading →
Halliburton shares fall as North America lags
Shares of oilfield firm Halliburton Co (HAL.N) fell sharply on Tuesday after the company forecast lower revenues in key business areas in the first quarter, overshadowing a quarterly profit beat and a pledge to reduce 2019 spending. Clients in North America, Halliburton’s biggest market by revenue, began pulling back on some drilling services last year... Continue Reading →
Windstream Wholesale Expands Portfolio with Two Subsea Links
Network communications provider Windstream Wholesale is connecting its core network to the MAREA and BRUSA cable landing station in Virginia Beach through Telxius, a Telefónica Group company. The new access point should provide Windstream Wholesale customers with high-speed network connections into Europe, South America, the Caribbean over the MAREA and BRUSA subsea cables and multiple... Continue Reading →
Report: Oil industry to hike investment, grow workforce in 2019
Oil and gas companies are expected to increase spending, grow workforce, and focus more on digitalization and decrabonization in 2019, according to a report by DNV GL. DNV GL said on Tuesday that 70 percent of senior industry professionals it had interviewed for its oil and gas industry outlook report expected to increase or maintain capital... Continue Reading →
