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Dyna-Mac has kicked off the construction of the topsides for the Liza FPSO, destined for Exxon’s Liza field in Guyana. News of the first steel cutting for the topside was shared on Monday by SBM Offshore, a Dutch FPSO specialist which in June 2017 secured the contract to construct, install, lease and operate the FPSO... Continue Reading →
A U.S. bankruptcy court has approved Seacor Marine’s stalking horse bid to form a joint venture company with Montco Offshore, a liftboat specialist that has earlier filed for Chapter 11 bankruptcy protection. Seacor, a U.S. offshore vessel owner, said on Friday, the United States Bankruptcy Court for the Southern District of Texas, Houston Division had... Continue Reading →
Oilfield services provider Halliburton recorded a bigger loss for the fourth quarter of 2017 compared to the prior-year period despite an increase in revenues. Halliburton on Monday posted a net loss attributable to company of $824 million for the fourth quarter of 2017 compared to a loss of $149 million in the fourth quarter of... Continue Reading →
Oilfield services provider Aker Solutions has installed its first subsea manifold for Petrobras’ deepwater pre-salt fields. Aker Solutions said via social media last Friday that it had installed the manifold at the Iracema Sul field in the Santos Basin offshore Brazil. Read more
After three years of gloom, the number 100 is finally starting to resurface in the forecasts of market analysts. A slump in new production outside the U.S. shale patch in 2019 could help to send Brent crude briefly back above $100 a barrel next year, according to London-based consultancy Energy Aspects. Read more
Brazil’s economic and political future will be shaped by what happens in a courtroom in the southern city of Porto Alegre on Jan. 24. That’s the day a three-judge panel of the Fourth Federal District Court will decide whether to uphold former President Luiz Inacio Lula da Silva’s nine-and-a-half year sentence for graft and money... Continue Reading →
The oil and gas sector in Brazil has been attracting new players. Companies from countries such as the United States, Netherlands, Switzerland, Denmark, France and China are settling in the country and, mainly, partnering with national companies with a view to resuming the activity of the oil industry. This movement began to gain momentum last year and... Continue Reading →
Rio de Janeiro, January 19, 2018 – Petróleo Brasileiro S.A. – Petrobras, pursuant to the press release of 07/18/2017, informs that negotiations with Odebrecht S.A. to revise the terms and conditions of the Braskem S.A. Shareholder’s Agreement currently in effect, have evolved into studies with the purpose of carrying out a corporate restructuring with the... Continue Reading →
Schlumberger Ltd. surpassed fourth-quarter profit expectations as the oilfield-services sector emerged from its worst downturn in almost a decade. Excluding certain items, Schlumberger reported profit of 48 cents a share, according to a statement Friday, better than the 44-cent average of 33 analysts’ estimates compiled by Bloomberg. Read more
Rio de Janeiro, January 18, 2018 - Petróleo Brasileiro S.A. – Petrobras reports to have received today Official Letter No. 23/2018/CVM/SEP/GEA-1, requesting the following clarification: Official Letter No. 23/2018/CVM/SEP/GEA-1 "Dear Sir, We refer to the news published on 01/17/2018 in Ancelmo Gois' column in the newspaper O Globo, under the title: "Kramer vs. Kramer" which... Continue Reading →
Brazil Energy Insight 