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Searcher Seismic, an independent seismic data acquisition company, has expanded its Argentinian multi-client library by offering over 97,000 km of seismic data and an analysis of offshore wells. Searcher Seismic said on Wednesday that the release of its technical dataset comes in preparation for the highly anticipated Argentina Offshore Bidding Round 1, expected to be... Continue Reading →
Norwegian oil services company Aker Solutions has won a contract to provide maintenance and modifications services for three platforms at Petrobras-operated oil and gas fields offshore Brazil. The four-year contract is valued at about NOK 800 million ($101.1 million) and includes an option for a one-year extension, the oil services company said on Thursday. Read... Continue Reading →
Statoil reports adjusted earnings of USD 4.0 billion and USD 1.3 billion after tax in the fourth quarter of 2017. IFRS net operating income was USD 5.2 billion and the IFRS net income was USD 2.6 billion. The fourth quarter was characterised by: Strong earnings and underlying cash flow. Net debt ratio at 29.0% [5]... Continue Reading →
February 7, 2018 4Q 2017 Financial Highlights Revenue NOK 6.4 billion EBITDA NOK 458 million EBITDA margin 7.1% EBITDA ex. special items NOK 482 million EBITDA margin ex. special items 7.5% Earnings per share ex. special items NOK 0.55 Order intake NOK 13.4 billion Order backlog NOK 34.6 billion Aker Solutions won the most orders... Continue Reading →
The international offshore rig count for the first month of 2018 increased sequentially but dropped when compared to the same period of 2017, according to a Wednesday report by Baker Hughes, a GE company. As detailed by Baker Hughes, the international offshore rig count for January 2018 was 196, up 5 from the 191 counted in December 2017,... Continue Reading →
The auction, slated for March 29, will offer 70 blocks in the offshore Ceará, Potiguar, Sergipe-Alagoas, Campos and Santos basins and on-shore basins of Parnaíba and Paraná. Read more
U.S. oil company Anadarko Petroleum Corporation returned to profit in the fourth quarter of 2017 and slightly decreased its capital spending outlook for 2018. Anadarko on Tuesday reported net income attributable to common stockholders of $976 million, compared to a loss of $515 million in the same period of 2016. Read more
Brazil’s QGEP has informed that Statoil has so far paid it half of the total purchase price for its stake in a block offshore Brazil, and that the remaining payments would be following soon. Statoil in December 2017 said it had completed the acquisition of a ten percent stake in the BM-S-8 block, located in the... Continue Reading →
Rio de Janeiro, February 6, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that it has started, through its affiliate Petrobras America Inc ("PAI"), the opportunity disclosure stage (“Teaser”) related to the sale of the Pasadena Refinery, located in the United States of America. The opportunity encompasses Pasadena's entire refining operations system, including the refinery,... Continue Reading →
February 6, 2018 Chevron is seeking partners to compete for projects in the 15th round of the ANP. The oil company is operator of the Polvo field, in the Campos Basin, and the exploratory block CE-M-715, won in the 11th round in partnership with Ecopetrol. The 15th round of the ANP will offer 70... Continue Reading →
Brazil Energy Insight 