11/5/18 Rig operated by Transocean to make first campaign possibly in Farfan area   The Petrobras 10,000, which is operated by Transocean, arrived in Brazil earlier this week and is already undergoing the release procedures of the Brazilian authorities. The unit is in Sergipe waters, where it will make its first campaign, possibly in the... Continue Reading →

06/11/2018 Oil and natural gas production in Brazil in September was 3,196 million barrels of oil equivalent per day (boe / d), the National for Petroleum, Natural Gas and Biofuels (ANP) said today.  The participation of the pre-salt, 55.8%, was a record, the agency said in an official statement. In the pre salt, 1.783 million... Continue Reading →

Electrifying the existing Dutch North Sea offshore oil and gas platforms from shore and from offshore wind farms could help reduce CO2 emission by one megaton per year. This was shared during a talk-show session on offshore platform electrification held last month at Offshore Energy Exhibition and Conference in Amsterdam. Read more

Houston-based offshore driller Diamond Offshore has sunk to a net loss for the third quarter 2018, more than $60 million away from the $10.8 million profit the company reported in 3Q 2017. Diamond Offshore reported a $51 million loss in its 3Q financial report on Monday which was far from the $10.8 million profit posted... Continue Reading →

U.S. oil company Kosmos Energy saw its net loss double over the third quarter of 2018 despite a significant increase in revenues when compared to the prior-year period. Kosmos Energy on Monday posted a net loss of $126.1 million as compared to net loss of $63.4 million in the same period last year. Read more

The country faces key downstream and infrastructure challenges Efforts to reform Brazil's downstream fuels market illustrate the tension between trying to move away from over-arching state control, but also placate a populace angry after corruption scandals and economic austerity. Under existing law, Petrobras plays the role of the country's sole supplier, but this no longer... Continue Reading →

Offshore driller Vantage Drilling has reduced its quarterly net loss on the back of higher revenues as its rig utilization went up compared to the prior-year period.  Vantage Drilling on Friday reported a net loss of approximately $26.1 million for the three months ended September 30, 2018 as compared to a net loss of $40.1... Continue Reading →

U.S. oil major Chevron has doubled its third quarter earnings on the back of higher oil and gas prices.  Chevron on Friday reported earnings of $4 billion for third quarter 2018, compared with $2 billion in the third quarter of 2017. Included in the current quarter were a write-off, an asset impairment, and a non-recurring... Continue Reading →

Exxon reported earnings of $1.46 per share versus $1.23 per share forecast by Refinitiv. While Exxon's earnings have steadily improved, its profits had fallen short of the Street's expectations in four of the last five quarters. Exxon's refining operations are in focus after executives warned in July that investors should expect significant refinery maintenance in... Continue Reading →